REGINE 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.
REGINE HERMANS
Largest movements
- Cash -€75,313
down €75,313 (-56.2%), from €133,982 to €58,669
mainly Other debts (-€117,980) and Deferred charges and accrued income (-€38,144)
- Deferred charges and accrued income +€38,144
up €38,144 (+761%), from €5,010 to €43,155
- Tangible fixed assets -€15,101
down €15,101 (-7.6%), from €198,450 to €183,349
of which Land and buildings: -€8,400
- Intangible fixed assets -€9,196
down €9,196 (-11.3%), from €81,201 to €72,005
- Other debts -€117,980
down €117,980 (-72.0%), from €163,849 to €45,868
- Profit (loss) carried forward +€62,960
up €62,960 (+80.7%), from €77,987 to €140,947
- Trade debts -€5,167
no longer reported in 2025 (was €5,167)
- Gross operating margin +€49,320
up €49,320 (+82.6%), from €59,710 to €109,030
- Taxes +€9,346
up €9,346 (+139%), from €6,705 to €16,050
- Depreciation +€3,983
up €3,983 (+16.7%), from €23,916 to €27,899
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 | €418,643 | €358,269 | -€60,373 | -14.4% |
| Fixed assets | 21/28 | €279,651 | €255,354 | -€24,297 | -8.7% |
| Intangible fixed assets | 21 | €81,201 | €72,005 | -€9,196 | -11.3% |
| Tangible fixed assets | 22/27 | €198,450 | €183,349 | -€15,101 | -7.6% |
| Land and buildings | 22 | €158,357 | €149,957 | -€8,400 | -5.3% |
| Furniture and vehicles | 24 | €38,940 | €33,392 | -€5,549 | -14.2% |
| Other tangible fixed assets | 26 | €1,152 | - | -€1,152 | |
| Current assets | 29/58 | €138,992 | €102,916 | -€36,076 | -26.0% |
| Amounts receivable within one year | 40/41 | - | €1,092 | +€1,092 | |
| Trade receivables | 40 | - | €1,092 | +€1,092 | |
| Cash at bank and in hand | 54/58 | €133,982 | €58,669 | -€75,313 | -56.2% |
| Deferred charges and accrued income | 490/1 | €5,010 | €43,155 | +€38,144 | +761% |
| Total equity and liabilities | 10/49 | €418,643 | €358,269 | -€60,373 | -14.4% |
| Equity | 10/15 | €222,987 | €285,947 | +€62,960 | +28.2% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,987 | €140,947 | +€62,960 | +80.7% |
| Amounts payable | 17/49 | €195,656 | €72,323 | -€123,333 | -63.0% |
| Amounts payable within one year | 42/48 | €195,656 | €71,323 | -€124,333 | -63.5% |
| Trade debts | 44 | €5,167 | - | -€5,167 | |
| Suppliers | 440/4 | €5,167 | - | -€5,167 | |
| Taxes, remuneration and social security | 45 | €26,640 | €25,455 | -€1,186 | -4.5% |
| Taxes | 450/3 | €26,640 | €25,455 | -€1,186 | -4.5% |
| Other amounts payable | 47/48 | €163,849 | €45,868 | -€117,980 | -72.0% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,916 | €27,899 | +€3,983 | +16.7% |
| Other operating charges | 640/8 | €2,485 | €1,958 | -€528 | -21.2% |
| Gross operating margin | 9900 | €59,710 | €109,030 | +€49,320 | +82.6% |
| Operating profit (loss) | 9901 | €33,309 | €79,173 | +€45,864 | +138% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €191 | €163 | -€27 | -14.4% |
| Recurring financial charges | 65 | €191 | €163 | -€27 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €33,118 | €79,010 | +€45,891 | +139% |
| Income taxes | 67/77 | €6,705 | €16,050 | +€9,346 | +139% |
| Profit (loss) for the period | 9904 | €26,414 | €62,960 | +€36,546 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €26,414 | €62,960 | +€36,546 | +138% |
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 29 October 2026 via checked.be.