L'HERMITAGE: 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.
L'HERMITAGE
Largest movements
- Cash +€12,735
up €12,735 (+21.9%), from €58,050 to €70,784
mainly Net result for the year (+€28,178) and Depreciation (+€12,137)
- Tangible fixed assets -€12,137
down €12,137 (-4.0%), from €301,882 to €289,745
- Debts after one year -€29,250
down €29,250 (-48.8%), from €60,000 to €30,750
- Profit (loss) carried forward +€28,178
up €28,178 (+13.3%), from €211,479 to €239,657
- Financial charges -€1,552
down €1,552 (-60.2%), from €2,579 to €1,027
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 | €363,310 | €363,384 | +€74 | 0.0% |
| Fixed assets | 21/28 | €301,882 | €289,745 | -€12,137 | -4.0% |
| Tangible fixed assets | 22/27 | €301,882 | €289,745 | -€12,137 | -4.0% |
| Land and buildings | 22 | €301,882 | €289,745 | -€12,137 | -4.0% |
| Current assets | 29/58 | €61,428 | €73,639 | +€12,211 | +19.9% |
| Cash at bank and in hand | 54/58 | €58,050 | €70,784 | +€12,735 | +21.9% |
| Deferred charges and accrued income | 490/1 | €3,378 | €2,854 | -€524 | -15.5% |
| Total equity and liabilities | 10/49 | €363,310 | €363,384 | +€74 | 0.0% |
| Equity | 10/15 | €290,679 | €318,857 | +€28,178 | +9.7% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Reserves | 13 | €7,200 | €7,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,479 | €239,657 | +€28,178 | +13.3% |
| Amounts payable | 17/49 | €72,631 | €44,527 | -€28,104 | -38.7% |
| Amounts payable after more than one year | 17 | €60,000 | €30,750 | -€29,250 | -48.8% |
| Other amounts payable | 178/9 | €60,000 | €30,750 | -€29,250 | -48.8% |
| Amounts payable within one year | 42/48 | €10,111 | €12,810 | +€2,699 | +26.7% |
| Taxes, remuneration and social security | 45 | €10,087 | €10,257 | +€170 | +1.7% |
| Taxes | 450/3 | €10,087 | €10,257 | +€170 | +1.7% |
| Other amounts payable | 47/48 | €24 | €2,553 | +€2,529 | +10,641% |
| Accrued charges and deferred income | 492/3 | €2,520 | €967 | -€1,553 | -61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,137 | €12,137 | = | 0.0% |
| Other operating charges | 640/8 | €3,688 | €3,803 | +€116 | +3.1% |
| Gross operating margin | 9900 | €55,420 | €55,402 | -€18 | 0.0% |
| Operating profit (loss) | 9901 | €39,595 | €39,461 | -€134 | -0.3% |
| Financial charges | 65/66B | €2,579 | €1,027 | -€1,552 | -60.2% |
| Recurring financial charges | 65 | €2,579 | €1,027 | -€1,552 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €37,017 | €38,435 | +€1,418 | +3.8% |
| Income taxes | 67/77 | €10,087 | €10,257 | +€170 | +1.7% |
| Profit (loss) for the period | 9904 | €26,930 | €28,178 | +€1,248 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,930 | €28,178 | +€1,248 | +4.6% |
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 16 October 2026 via checked.be.