HOUTCONSTRUCTIES HERMANS: 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.
HOUTCONSTRUCTIES HERMANS
Largest movements
- Cash +€37,570
up €37,570 (+1,872%), from €2,007 to €39,577
mainly Stocks and contracts (+€35,760) and Depreciation (+€22,753)
- Stocks and contracts -€35,760
down €35,760 (-92.3%), from €38,746 to €2,985
of which Contracts in progress: -€36,157
- Receivables within one year +€33,172
up €33,172 (+40.6%), from €81,683 to €114,855
of which Trade receivables: +€28,105
- Tangible fixed assets -€33,135
down €33,135 (-41.8%), from €79,261 to €46,126
of which Furniture and vehicles: -€31,477
- Deferred charges and accrued income +€8,103
up €8,103 (+617%), from €1,313 to €9,416
- Other debts +€20,607
up €20,607 (+25.7%), from €80,096 to €100,703
- Trade debts -€18,127
down €18,127 (-50.1%), from €36,168 to €18,041
- Reserves +€15,852
up €15,852 (+31.0%), from €51,060 to €66,913
- Debts after one year -€8,500
down €8,500 (-74.7%), from €11,378 to €2,878
- Gross operating margin -€19,675
down €19,675 (-10.1%), from €194,535 to €174,860
- Staff costs -€10,269
down €10,269 (-7.3%), from €141,060 to €130,791
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 | €203,010 | €212,959 | +€9,949 | +4.9% |
| Fixed assets | 21/28 | €79,261 | €46,126 | -€33,135 | -41.8% |
| Tangible fixed assets | 22/27 | €79,261 | €46,126 | -€33,135 | -41.8% |
| Plant, machinery and equipment | 23 | €3,819 | €2,161 | -€1,658 | -43.4% |
| Furniture and vehicles | 24 | €75,441 | €43,965 | -€31,477 | -41.7% |
| Current assets | 29/58 | €123,749 | €166,833 | +€43,084 | +34.8% |
| Stocks and contracts in progress | 3 | €38,746 | €2,985 | -€35,760 | -92.3% |
| Stocks | 30/36 | €2,588 | €2,985 | +€397 | +15.3% |
| Contracts in progress | 37 | €36,157 | - | -€36,157 | |
| Amounts receivable within one year | 40/41 | €81,683 | €114,855 | +€33,172 | +40.6% |
| Trade receivables | 40 | €1,457 | €29,562 | +€28,105 | +1,929% |
| Other amounts receivable | 41 | €80,226 | €85,293 | +€5,066 | +6.3% |
| Cash at bank and in hand | 54/58 | €2,007 | €39,577 | +€37,570 | +1,872% |
| Deferred charges and accrued income | 490/1 | €1,313 | €9,416 | +€8,103 | +617% |
| Total equity and liabilities | 10/49 | €203,010 | €212,959 | +€9,949 | +4.9% |
| Equity | 10/15 | €61,060 | €76,913 | +€15,852 | +26.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €51,060 | €66,913 | +€15,852 | +31.0% |
| Distributable reserves | 133 | €51,060 | €66,913 | +€15,852 | +31.0% |
| Amounts payable | 17/49 | €141,949 | €136,046 | -€5,903 | -4.2% |
| Amounts payable after more than one year | 17 | €11,378 | €2,878 | -€8,500 | -74.7% |
| Financial debts | 170/4 | €11,378 | €2,878 | -€8,500 | -74.7% |
| Amounts payable within one year | 42/48 | €124,568 | €127,244 | +€2,676 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €8,305 | €8,500 | +€196 | +2.4% |
| Trade debts | 44 | €36,168 | €18,041 | -€18,127 | -50.1% |
| Suppliers | 440/4 | €36,168 | €18,041 | -€18,127 | -50.1% |
| Other amounts payable | 47/48 | €80,096 | €100,703 | +€20,607 | +25.7% |
| Accrued charges and deferred income | 492/3 | €6,003 | €5,924 | -€79 | -1.3% |
| Non-recurring operating income | 76A | - | €9,746 | +€9,746 | |
| Remuneration, social security and pensions | 62 | €141,060 | €130,791 | -€10,269 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,997 | €22,753 | -€1,243 | -5.2% |
| Other operating charges | 640/8 | €848 | €752 | -€96 | -11.3% |
| Gross operating margin | 9900 | €194,535 | €174,860 | -€19,675 | -10.1% |
| Operating profit (loss) | 9901 | €28,631 | €20,564 | -€8,067 | -28.2% |
| Financial income | 75/76B | €1,559 | €1,977 | +€417 | +26.8% |
| Recurring financial income | 75 | €1,559 | €1,977 | +€417 | +26.8% |
| Financial charges | 65/66B | €1,627 | €2,140 | +€513 | +31.5% |
| Recurring financial charges | 65 | €1,627 | €2,140 | +€513 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €28,563 | €20,401 | -€8,162 | -28.6% |
| Income taxes | 67/77 | €6,327 | €4,548 | -€1,778 | -28.1% |
| Profit (loss) for the period | 9904 | €22,236 | €15,852 | -€6,384 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,236 | €15,852 | -€6,384 | -28.7% |
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 15 October 2026 via checked.be.