HIERONYMUS: 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.
HIERONYMUS
Largest movements
- Tangible fixed assets +€79,769
up €79,769 (+53.7%), from €148,468 to €228,237
of which Land and buildings: +€78,102
- Cash -€38,584
down €38,584 (-12.9%), from €299,293 to €260,709
mainly Investment in fixed assets (net) (-€91,013) and Current investments (-€12,953)
- Current investments +€12,953
up €12,953 (+9.4%), from €138,009 to €150,962
- Reserves +€60,699
up €60,699 (+12.4%), from €488,726 to €549,425
- Other debts -€8,667
down €8,667 (-11.6%), from €74,585 to €65,919
- Gross operating margin +€14,042
up €14,042 (+16.5%), from €85,013 to €99,056
- Depreciation +€5,872
up €5,872 (+109.3%), from €5,372 to €11,244
- Taxes +€4,295
up €4,295 (+21.2%), from €20,249 to €24,544
- Financial income +€1,021
up €1,021 (+63.5%), from €1,607 to €2,628
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 | €585,996 | €640,134 | +€54,138 | +9.2% |
| Fixed assets | 21/28 | €148,468 | €228,237 | +€79,769 | +53.7% |
| Tangible fixed assets | 22/27 | €148,468 | €228,237 | +€79,769 | +53.7% |
| Land and buildings | 22 | €124,101 | €202,203 | +€78,102 | +62.9% |
| Plant, machinery and equipment | 23 | €14,432 | €17,808 | +€3,376 | +23.4% |
| Furniture and vehicles | 24 | €9,935 | €8,227 | -€1,709 | -17.2% |
| Current assets | 29/58 | €437,528 | €411,897 | -€25,631 | -5.9% |
| Amounts receivable within one year | 40/41 | €226 | €226 | = | 0.0% |
| Other amounts receivable | 41 | €226 | €226 | = | 0.0% |
| Current investments | 50/53 | €138,009 | €150,962 | +€12,953 | +9.4% |
| Cash at bank and in hand | 54/58 | €299,293 | €260,709 | -€38,584 | -12.9% |
| Total equity and liabilities | 10/49 | €585,996 | €640,134 | +€54,138 | +9.2% |
| Equity | 10/15 | €503,439 | €564,138 | +€60,699 | +12.1% |
| Contributions | 10/11 | €14,713 | €14,713 | = | 0.0% |
| Reserves | 13 | €488,726 | €549,425 | +€60,699 | +12.4% |
| Distributable reserves | 133 | €488,726 | €549,425 | +€60,699 | +12.4% |
| Amounts payable | 17/49 | €82,557 | €75,996 | -€6,561 | -7.9% |
| Amounts payable within one year | 42/48 | €82,557 | €75,996 | -€6,561 | -7.9% |
| Trade debts | 44 | €7,644 | €6,322 | -€1,322 | -17.3% |
| Suppliers | 440/4 | €7,644 | €6,322 | -€1,322 | -17.3% |
| Taxes, remuneration and social security | 45 | €328 | €3,756 | +€3,427 | +1044.0% |
| Taxes | 450/3 | €328 | €3,756 | +€3,427 | +1044.0% |
| Other amounts payable | 47/48 | €74,585 | €65,919 | -€8,667 | -11.6% |
| Non-recurring operating income | 76A | €21,780 | - | -€21,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,372 | €11,244 | +€5,872 | +109.3% |
| Other operating charges | 640/8 | €3,160 | €3,258 | +€98 | +3.1% |
| Gross operating margin | 9900 | €85,013 | €99,056 | +€14,042 | +16.5% |
| Operating profit (loss) | 9901 | €76,481 | €84,554 | +€8,073 | +10.6% |
| Financial income | 75/76B | €1,607 | €2,628 | +€1,021 | +63.5% |
| Recurring financial income | 75 | €1,607 | €2,628 | +€1,021 | +63.5% |
| Financial charges | 65/66B | €1,990 | €1,939 | -€52 | -2.6% |
| Recurring financial charges | 65 | €1,990 | €1,939 | -€52 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €76,097 | €85,243 | +€9,146 | +12.0% |
| Income taxes | 67/77 | €20,249 | €24,544 | +€4,295 | +21.2% |
| Profit (loss) for the period | 9904 | €55,848 | €60,699 | +€4,851 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,848 | €60,699 | +€4,851 | +8.7% |
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 7 October 2026 via checked.be.