L'HERMITE: 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'HERMITE
Largest movements
- Cash +€249,869
up €249,869 (+33.1%), from €754,296 to €1.0m
mainly Net result for the year (+€539,490) and Other debts (+€140,000)
- Tangible fixed assets -€139,257
down €139,257 (-4.5%), from €3.1m to €3.0m
of which Plant, machinery and equipment: -€126,694
- Profit (loss) carried forward -€160,510
down €160,510 (-8.7%), from €1.8m to €1.7m
- Other debts +€140,000
up €140,000 (+40.0%), from €350,000 to €490,000
- Tax, wage and social debts +€95,695
up €95,695 (+63.8%), from €150,000 to €245,695
No income-statement line moved by more than 1% of the activity.
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 | €4,959,631 | €5,071,302 | +€111,671 | +2.3% |
| Fixed assets | 21/28 | €3,099,746 | €2,960,489 | -€139,257 | -4.5% |
| Tangible fixed assets | 22/27 | €3,099,746 | €2,960,489 | -€139,257 | -4.5% |
| Land and buildings | 22 | €1,750,323 | €1,737,760 | -€12,563 | -0.7% |
| Plant, machinery and equipment | 23 | €1,349,423 | €1,222,729 | -€126,694 | -9.4% |
| Current assets | 29/58 | €1,859,885 | €2,110,813 | +€250,928 | +13.5% |
| Amounts receivable within one year | 40/41 | €924 | €557 | -€367 | -39.7% |
| Trade receivables | 40 | €924 | - | -€924 | |
| Other amounts receivable | 41 | - | €557 | +€557 | |
| Current investments | 50/53 | €1,093,166 | €1,070,166 | -€23,000 | -2.1% |
| Cash at bank and in hand | 54/58 | €754,296 | €1,004,164 | +€249,869 | +33.1% |
| Deferred charges and accrued income | 490/1 | €11,500 | €35,926 | +€24,426 | +212.4% |
| Total equity and liabilities | 10/49 | €4,959,631 | €5,071,302 | +€111,671 | +2.3% |
| Equity | 10/15 | €3,531,267 | €3,370,756 | -€160,510 | -4.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,590,901 | €1,590,901 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,580,901 | €1,580,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,840,365 | €1,679,855 | -€160,510 | -8.7% |
| Amounts payable | 17/49 | €1,428,364 | €1,700,546 | +€272,181 | +19.1% |
| Amounts payable within one year | 42/48 | €578,364 | €810,546 | +€232,181 | +40.1% |
| Financial debts | 43 | €78,364 | €74,851 | -€3,513 | -4.5% |
| Credit institutions | 430/8 | €78,364 | €74,851 | -€3,513 | -4.5% |
| Taxes, remuneration and social security | 45 | €150,000 | €245,695 | +€95,695 | +63.8% |
| Taxes | 450/3 | €150,000 | €245,695 | +€95,695 | +63.8% |
| Other amounts payable | 47/48 | €350,000 | €490,000 | +€140,000 | +40.0% |
| Accrued charges and deferred income | 492/3 | €850,000 | €890,000 | +€40,000 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,559 | €139,257 | -€302 | -0.2% |
| Other operating charges | 640/8 | €30,349 | €27,525 | -€2,824 | -9.3% |
| Gross operating margin | 9900 | €894,975 | €893,362 | -€1,612 | -0.2% |
| Operating profit (loss) | 9901 | €725,067 | €726,581 | +€1,514 | +0.2% |
| Financial income | 75/76B | - | €2,828 | +€2,828 | |
| Recurring financial income | 75 | - | €2,828 | +€2,828 | |
| Financial charges | 65/66B | €3,449 | €4,225 | +€776 | +22.5% |
| Recurring financial charges | 65 | €3,449 | €3,525 | +€76 | +2.2% |
| Non-recurring financial charges | 66B | - | €700 | +€700 | |
| Profit (loss) for the period before taxes | 9903 | €721,618 | €725,184 | +€3,566 | +0.5% |
| Income taxes | 67/77 | €186,576 | €185,695 | -€882 | -0.5% |
| Profit (loss) for the period | 9904 | €535,042 | €539,490 | +€4,448 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €535,042 | €539,490 | +€4,448 | +0.8% |
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 12 October 2026 via checked.be.