SPRL HERMAN DANIEL: 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.
SPRL HERMAN DANIEL
Largest movements
- Cash +€87,542
up €87,542 (+113%), from €77,813 to €165,355
mainly Net result for the year (+€63,679) and Tax, wage and social debts (+€22,233)
- Receivables within one year +€17,549
up €17,549 (+71.1%), from €24,695 to €42,244
of which Trade receivables: +€17,296
- Tangible fixed assets -€4,323
down €4,323 (-78.2%), from €5,530 to €1,207
of which Land and buildings: -€4,536
- Reserves +€63,679
up €63,679 (+91.9%), from €69,258 to €132,937
of which Distributable reserves: +€63,679
- Tax, wage and social debts +€22,233
up €22,233 (+132%), from €16,801 to €39,034
of which Taxes: +€21,772
- Trade debts +€18,457
up €18,457 (+3,183%), from €580 to €19,037
- Advances received -€5,493
down €5,493 (-63.2%), from €8,693 to €3,200
- Other debts +€4,787
up €4,787 (+7,024%), from €68 to €4,855
- Financial income +€103,188
up €103,188 (+19,607%), from €526 to €103,714
of which Non-recurring financial income: +€103,464
- Gross operating margin -€23,426
down €23,426 (-19.6%), from €119,828 to €96,401
- Taxes +€22,208
up €22,208 (+204%), from €10,889 to €33,097
- Write-downs +€10,295
new in 2025: €10,295
- Depreciation -€6,808
down €6,808 (-91.8%), from €7,415 to €608
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 | €113,024 | €214,663 | +€101,639 | +89.9% |
| Fixed assets | 21/28 | €5,680 | €1,257 | -€4,423 | -77.9% |
| Tangible fixed assets | 22/27 | €5,530 | €1,207 | -€4,323 | -78.2% |
| Land and buildings | 22 | €4,536 | - | -€4,536 | |
| Plant, machinery and equipment | 23 | €994 | €1,207 | +€213 | +21.4% |
| Financial fixed assets | 28 | €150 | €50 | -€100 | -66.7% |
| Current assets | 29/58 | €107,344 | €213,406 | +€106,062 | +98.8% |
| Stocks and contracts in progress | 3 | €3,430 | €4,403 | +€973 | +28.4% |
| Stocks | 30/36 | €1,050 | €4,403 | +€3,353 | +319% |
| Contracts in progress | 37 | €2,380 | - | -€2,380 | |
| Amounts receivable within one year | 40/41 | €24,695 | €42,244 | +€17,549 | +71.1% |
| Trade receivables | 40 | €24,695 | €41,991 | +€17,296 | +70.0% |
| Other amounts receivable | 41 | - | €253 | +€253 | |
| Cash at bank and in hand | 54/58 | €77,813 | €165,355 | +€87,542 | +113% |
| Deferred charges and accrued income | 490/1 | €1,405 | €1,404 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €113,024 | €214,663 | +€101,639 | +89.9% |
| Equity | 10/15 | €84,858 | €148,537 | +€63,679 | +75.0% |
| Contributions | 10/11 | €15,600 | €15,600 | = | 0.0% |
| Reserves | 13 | €69,258 | €132,937 | +€63,679 | +91.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,398 | €131,077 | +€63,679 | +94.5% |
| Amounts payable | 17/49 | €28,166 | €66,126 | +€37,960 | +135% |
| Amounts payable within one year | 42/48 | €28,166 | €66,126 | +€37,960 | +135% |
| Current portion of amounts payable after more than one year | 42 | €2,023 | - | -€2,023 | |
| Trade debts | 44 | €580 | €19,037 | +€18,457 | +3,183% |
| Suppliers | 440/4 | €580 | €19,037 | +€18,457 | +3,183% |
| Advances received on contracts in progress | 46 | €8,693 | €3,200 | -€5,493 | -63.2% |
| Taxes, remuneration and social security | 45 | €16,801 | €39,034 | +€22,233 | +132% |
| Taxes | 450/3 | €11,388 | €33,161 | +€21,772 | +191% |
| Remuneration and social security | 454/9 | €5,413 | €5,873 | +€460 | +8.5% |
| Other amounts payable | 47/48 | €68 | €4,855 | +€4,787 | +7,024% |
| Remuneration, social security and pensions | 62 | €68,050 | €71,217 | +€3,167 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,415 | €608 | -€6,808 | -91.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,295 | +€10,295 | |
| Other operating charges | 640/8 | €3,667 | €4,888 | +€1,221 | +33.3% |
| Non-recurring operating charges | 66A | - | €15,000 | +€15,000 | |
| Gross operating margin | 9900 | €119,828 | €96,401 | -€23,426 | -19.6% |
| Operating profit (loss) | 9901 | €40,695 | -€5,607 | -€46,302 | |
| Financial income | 75/76B | €526 | €103,714 | +€103,188 | +19,607% |
| Recurring financial income | 75 | €526 | €250 | -€276 | -52.5% |
| Non-recurring financial income | 76B | - | €103,464 | +€103,464 | |
| Financial charges | 65/66B | €573 | €1,331 | +€758 | +132% |
| Recurring financial charges | 65 | €573 | €1,331 | +€758 | +132% |
| Profit (loss) for the period before taxes | 9903 | €40,648 | €96,776 | +€56,128 | +138% |
| Income taxes | 67/77 | €10,889 | €33,097 | +€22,208 | +204% |
| Profit (loss) for the period | 9904 | €29,760 | €63,679 | +€33,920 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €29,760 | €63,679 | +€33,920 | +114% |
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 26 October 2026 via checked.be.