HERSIMMO: what changed
Two fiscal 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.
HERSIMMO
Largest movements
- Tangible fixed assets -€44,523
down €44,523 (-2.4%), from €1.8m to €1.8m
of which Land and buildings: -€43,658
- Trade debts -€63,764
down €63,764 (-22.2%), from €287,158 to €223,393
- Other debts +€61,364
up €61,364 (+93.3%), from €65,754 to €127,118
- Debts after one year -€24,611
down €24,611 (-9.8%), from €251,205 to €226,594
- Reserves -€20,578
down €20,578 (-2.0%), from €1.0m to €1.0m
of which Tax-exempt reserves: -€20,578
- Gross operating margin -€154,121
down €154,121 (-82.1%), from €187,693 to €33,572
- Depreciation +€4,254
up €4,254 (+10.3%), from €41,397 to €45,651
- Other operating charges -€2,948
down €2,948 (-33.6%), from €8,786 to €5,838
- Taxes -€2,456
down €2,456 (-88.9%), from €2,763 to €307
- Write-downs +€1,967
new in 2025: €1,967
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.
Cash bridge derived
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 | €1,882,314 | €1,827,224 | -€55,090 | -2.9% |
| Fixed assets | 21/28 | €1,832,003 | €1,787,480 | -€44,523 | -2.4% |
| Tangible fixed assets | 22/27 | €1,832,003 | €1,787,480 | -€44,523 | -2.4% |
| Land and buildings | 22 | €1,818,053 | €1,774,395 | -€43,658 | -2.4% |
| Plant, machinery and equipment | 23 | €13,167 | €12,553 | -€614 | -4.7% |
| Furniture and vehicles | 24 | €782 | €533 | -€250 | -31.9% |
| Current assets | 29/58 | €50,312 | €39,744 | -€10,567 | -21.0% |
| Amounts receivable within one year | 40/41 | €2,497 | €2,497 | = | 0.0% |
| Other amounts receivable | 41 | €2,497 | €2,497 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,660 | €35,759 | -€7,902 | -18.1% |
| Deferred charges and accrued income | 490/1 | €4,155 | €1,489 | -€2,666 | -64.2% |
| Total equity and liabilities | 10/49 | €1,882,314 | €1,827,224 | -€55,090 | -2.9% |
| Equity | 10/15 | €1,034,511 | €1,013,195 | -€21,316 | -2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,028,311 | €1,007,732 | -€20,578 | -2.0% |
| Tax-exempt reserves | 132 | €648,116 | €627,538 | -€20,578 | -3.2% |
| Distributable reserves | 133 | €380,194 | €380,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€738 | -€738 | |
| Provisions and deferred taxes | 16 | €216,039 | €209,179 | -€6,859 | -3.2% |
| Deferred taxes | 168 | €216,039 | €209,179 | -€6,859 | -3.2% |
| Amounts payable | 17/49 | €631,765 | €604,851 | -€26,915 | -4.3% |
| Amounts payable after more than one year | 17 | €251,205 | €226,594 | -€24,611 | -9.8% |
| Financial debts | 170/4 | €251,205 | €226,594 | -€24,611 | -9.8% |
| Amounts payable within one year | 42/48 | €379,767 | €377,506 | -€2,262 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €26,048 | €26,637 | +€589 | +2.3% |
| Trade debts | 44 | €287,158 | €223,393 | -€63,764 | -22.2% |
| Suppliers | 440/4 | €287,158 | €223,393 | -€63,764 | -22.2% |
| Advances received on contracts in progress | 46 | - | €151 | +€151 | |
| Taxes, remuneration and social security | 45 | €807 | €206 | -€601 | -74.5% |
| Taxes | 450/3 | €807 | €206 | -€601 | -74.5% |
| Other amounts payable | 47/48 | €65,754 | €127,118 | +€61,364 | +93.3% |
| Accrued charges and deferred income | 492/3 | €793 | €752 | -€42 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,397 | €45,651 | +€4,254 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,967 | +€1,967 | |
| Other operating charges | 640/8 | €8,786 | €5,838 | -€2,948 | -33.6% |
| Gross operating margin | 9900 | €187,693 | €33,572 | -€154,121 | -82.1% |
| Operating profit (loss) | 9901 | €137,510 | -€19,884 | -€157,394 | |
| Financial income | 75/76B | €1,164 | €337 | -€827 | -71.1% |
| Recurring financial income | 75 | €1,164 | €337 | -€827 | -71.1% |
| Financial charges | 65/66B | €9,707 | €8,321 | -€1,386 | -14.3% |
| Recurring financial charges | 65 | €9,707 | €8,321 | -€1,386 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €128,967 | -€27,869 | -€156,835 | |
| Transfer from deferred taxes | 780 | €6,140 | €6,859 | +€720 | +11.7% |
| Transfer to deferred taxes | 680 | €31,362 | - | -€31,362 | |
| Income taxes | 67/77 | €2,763 | €307 | -€2,456 | -88.9% |
| Profit (loss) for the period | 9904 | €100,982 | -€21,316 | -€122,298 | |
| Transfer from tax-exempt reserves | 789 | €18,419 | €20,578 | +€2,160 | +11.7% |
| Transfer to tax-exempt reserves | 689 | €94,085 | - | -€94,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,315 | -€738 | -€26,053 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.