Herremans: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Herremans
Largest movements
- Cash +€59,515
up €59,515 (+262%), from €22,718 to €82,233
mainly Trade debts (+€22,892) and Net result for the year (+€19,479)
- Deferred charges and accrued income -€4,648
down €4,648 (-67.8%), from €6,858 to €2,210
- Receivables within one year +€2,417
up €2,417 (+91.4%), from €2,646 to €5,062
- Trade debts +€22,892
up €22,892 (+261%), from €8,778 to €31,670
- Profit (loss) carried forward +€19,479
up €19,479 (+66.4%), from -€29,321 to -€9,842
- Tax, wage and social debts +€14,031
up €14,031 (+152%), from €9,202 to €23,233
of which Taxes: +€13,559
- Debts after one year -€7,183
down €7,183 (-7.6%), from €94,587 to €87,404
- Current portion of long-term debt +€5,465
up €5,465 (+54.1%), from €10,102 to €15,567
- Gross operating margin +€51,752
up €51,752 (+45.2%), from €114,462 to €166,213
- Staff costs +€44,746
up €44,746 (+57.8%), from €77,375 to €122,122
- Other operating charges +€2,410
up €2,410 (+190%), from €1,268 to €3,677
- Depreciation +€1,975
up €1,975 (+16.5%), from €11,962 to €13,937
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,832 | €165,932 | +€58,100 | +53.9% |
| Fixed assets | 21/28 | €74,610 | €75,427 | +€817 | +1.1% |
| Tangible fixed assets | 22/27 | €74,475 | €75,292 | +€817 | +1.1% |
| Land and buildings | 22 | €53,590 | €46,634 | -€6,956 | -13.0% |
| Plant, machinery and equipment | 23 | €701 | €1,833 | +€1,131 | +161% |
| Furniture and vehicles | 24 | €20,184 | €26,826 | +€6,641 | +32.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €33,221 | €90,505 | +€57,284 | +172% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,646 | €5,062 | +€2,417 | +91.4% |
| Other amounts receivable | 41 | €2,646 | €5,062 | +€2,417 | +91.4% |
| Cash at bank and in hand | 54/58 | €22,718 | €82,233 | +€59,515 | +262% |
| Deferred charges and accrued income | 490/1 | €6,858 | €2,210 | -€4,648 | -67.8% |
| Total equity and liabilities | 10/49 | €107,832 | €165,932 | +€58,100 | +53.9% |
| Equity | 10/15 | -€21,261 | -€1,782 | +€19,479 | +91.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,321 | -€9,842 | +€19,479 | +66.4% |
| Amounts payable | 17/49 | €129,093 | €167,714 | +€38,621 | +29.9% |
| Amounts payable after more than one year | 17 | €94,587 | €87,404 | -€7,183 | -7.6% |
| Financial debts | 170/4 | €94,587 | €87,404 | -€7,183 | -7.6% |
| Amounts payable within one year | 42/48 | €34,506 | €80,310 | +€45,804 | +133% |
| Current portion of amounts payable after more than one year | 42 | €10,102 | €15,567 | +€5,465 | +54.1% |
| Trade debts | 44 | €8,778 | €31,670 | +€22,892 | +261% |
| Suppliers | 440/4 | €8,778 | €31,670 | +€22,892 | +261% |
| Taxes, remuneration and social security | 45 | €9,202 | €23,233 | +€14,031 | +152% |
| Taxes | 450/3 | €5,551 | €19,110 | +€13,559 | +244% |
| Remuneration and social security | 454/9 | €3,651 | €4,123 | +€472 | +12.9% |
| Other amounts payable | 47/48 | €6,424 | €9,840 | +€3,416 | +53.2% |
| Remuneration, social security and pensions | 62 | €77,375 | €122,122 | +€44,746 | +57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,962 | €13,937 | +€1,975 | +16.5% |
| Other operating charges | 640/8 | €1,268 | €3,677 | +€2,410 | +190% |
| Gross operating margin | 9900 | €114,462 | €166,213 | +€51,752 | +45.2% |
| Operating profit (loss) | 9901 | €23,857 | €26,478 | +€2,621 | +11.0% |
| Financial income | 75/76B | €86 | €127 | +€41 | +47.4% |
| Recurring financial income | 75 | €86 | €127 | +€41 | +47.4% |
| Financial charges | 65/66B | €8,480 | €6,991 | -€1,489 | -17.6% |
| Recurring financial charges | 65 | €8,480 | €6,991 | -€1,489 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €15,463 | €19,614 | +€4,150 | +26.8% |
| Income taxes | 67/77 | €355 | €135 | -€220 | -62.0% |
| Profit (loss) for the period | 9904 | €15,109 | €19,479 | +€4,370 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,109 | €19,479 | +€4,370 | +28.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.