TAK HERMAN: 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.
TAK HERMAN
Largest movements
- Financial fixed assets -€499,186
down €499,186 (-2.5%), from €20.1m to €19.6m
- Cash +€260,434
up €260,434 (+137%), from €190,661 to €451,096
mainly Investment in fixed assets (net) (+€499,186) and Net result for the year (+€91,143)
- Other debts -€305,783
down €305,783 (-68.6%), from €445,588 to €139,805
- Financial income -€24,394
down €24,394 (-41.0%), from €59,460 to €35,066
- Financial charges -€11,231
down €11,231 (-56.6%), from €19,833 to €8,603
- Taxes -€3,409
down €3,409 (-10.1%), from €33,809 to €30,400
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 | €20,314,225 | €20,088,353 | -€225,871 | -1.1% |
| Fixed assets | 21/28 | €20,120,460 | €19,621,274 | -€499,186 | -2.5% |
| Financial fixed assets | 28 | €20,120,460 | €19,621,274 | -€499,186 | -2.5% |
| Current assets | 29/58 | €193,764 | €467,079 | +€273,315 | +141% |
| Amounts receivable within one year | 40/41 | €3,103 | €15,984 | +€12,881 | +415% |
| Trade receivables | 40 | €1,815 | €6,050 | +€4,235 | +233% |
| Other amounts receivable | 41 | €1,288 | €9,934 | +€8,646 | +671% |
| Cash at bank and in hand | 54/58 | €190,661 | €451,096 | +€260,434 | +137% |
| Total equity and liabilities | 10/49 | €20,314,225 | €20,088,353 | -€225,871 | -1.1% |
| Equity | 10/15 | €19,848,832 | €19,939,975 | +€91,143 | +0.5% |
| Contributions | 10/11 | €17,670,000 | €17,670,000 | = | 0.0% |
| Reserves | 13 | €2,178,832 | €2,269,975 | +€91,143 | +4.2% |
| Non-distributable reserves | 130/1 | €101,133 | €101,133 | = | 0.0% |
| Reserves not available under the articles | 1311 | €101,133 | €101,133 | = | 0.0% |
| Distributable reserves | 133 | €2,077,698 | €2,168,842 | +€91,143 | +4.4% |
| Amounts payable | 17/49 | €465,393 | €148,378 | -€317,014 | -68.1% |
| Amounts payable within one year | 42/48 | €445,588 | €139,805 | -€305,783 | -68.6% |
| Other amounts payable | 47/48 | €445,588 | €139,805 | -€305,783 | -68.6% |
| Accrued charges and deferred income | 492/3 | €19,805 | €8,573 | -€11,232 | -56.7% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €96,568 | €96,078 | -€490 | -0.5% |
| Operating profit (loss) | 9901 | €95,600 | €95,080 | -€521 | -0.5% |
| Financial income | 75/76B | €59,460 | €35,066 | -€24,394 | -41.0% |
| Recurring financial income | 75 | €59,460 | €35,066 | -€24,394 | -41.0% |
| Financial charges | 65/66B | €19,833 | €8,603 | -€11,231 | -56.6% |
| Recurring financial charges | 65 | €19,833 | €8,603 | -€11,231 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €135,227 | €121,543 | -€13,684 | -10.1% |
| Income taxes | 67/77 | €33,809 | €30,400 | -€3,409 | -10.1% |
| Profit (loss) for the period | 9904 | €101,418 | €91,143 | -€10,275 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €101,418 | €91,143 | -€10,275 | -10.1% |
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 22 October 2026 via checked.be.