IMMO HERMES: 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.
IMMO HERMES
Largest movements
- Receivables within one year +€5,549
up €5,549 (+28.4%), from €19,550 to €25,099
- Tangible fixed assets -€4,007
down €4,007 (-5.1%), from €77,822 to €73,815
- Cash +€2,200
up €2,200 (+15.5%), from €14,173 to €16,373
mainly Depreciation (+€8,057) and Net result for the year (+€2,715)
- Contributions +€1,859
up €1,859 (+30.0%), from €6,197 to €8,057
- Gross operating margin +€3,509
up €3,509 (+34.0%), from €10,316 to €13,825
- Financial charges -€1,374
down €1,374 (-95.8%), from €1,434 to €60
- Taxes +€1,132
up €1,132, from €0 to €1,132
- Depreciation +€346
up €346 (+4.5%), from €7,712 to €8,057
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 | €111,544 | €116,309 | +€4,765 | +4.3% |
| Fixed assets | 21/28 | €77,822 | €73,815 | -€4,007 | -5.1% |
| Tangible fixed assets | 22/27 | €77,822 | €73,815 | -€4,007 | -5.1% |
| Land and buildings | 22 | €77,822 | €73,815 | -€4,007 | -5.1% |
| Current assets | 29/58 | €33,723 | €42,494 | +€8,772 | +26.0% |
| Amounts receivable within one year | 40/41 | €19,550 | €25,099 | +€5,549 | +28.4% |
| Other amounts receivable | 41 | €19,550 | €25,099 | +€5,549 | +28.4% |
| Cash at bank and in hand | 54/58 | €14,173 | €16,373 | +€2,200 | +15.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,023 | +€1,023 | |
| Total equity and liabilities | 10/49 | €111,544 | €116,309 | +€4,765 | +4.3% |
| Equity | 10/15 | €62,811 | €65,526 | +€2,715 | +4.3% |
| Contributions | 10/11 | €6,197 | €8,057 | +€1,859 | +30.0% |
| Reserves | 13 | €56,614 | €57,469 | +€855 | +1.5% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Distributable reserves | 133 | €54,755 | €57,469 | +€2,715 | +5.0% |
| Amounts payable | 17/49 | €48,733 | €50,783 | +€2,050 | +4.2% |
| Amounts payable within one year | 42/48 | €48,733 | €50,783 | +€2,050 | +4.2% |
| Trade debts | 44 | €1,098 | €2,058 | +€960 | +87.5% |
| Suppliers | 440/4 | €1,098 | €2,058 | +€960 | +87.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €47,635 | €48,726 | +€1,090 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,712 | €8,057 | +€346 | +4.5% |
| Other operating charges | 640/8 | €1,810 | €1,861 | +€51 | +2.8% |
| Gross operating margin | 9900 | €10,316 | €13,825 | +€3,509 | +34.0% |
| Operating profit (loss) | 9901 | €794 | €3,906 | +€3,112 | +391.9% |
| Financial charges | 65/66B | €1,434 | €60 | -€1,374 | -95.8% |
| Recurring financial charges | 65 | €1,434 | €60 | -€1,374 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | -€640 | €3,846 | +€4,486 | |
| Income taxes | 67/77 | €0 | €1,132 | +€1,132 | |
| Profit (loss) for the period | 9904 | -€640 | €2,715 | +€3,354 | |
| Profit (loss) for the period to be appropriated | 9905 | -€640 | €2,715 | +€3,354 |
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 11 October 2026 via checked.be.