TOM 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.
TOM HERMANS
Largest movements
- Cash +€208,046
up €208,046 (+4,816%), from €4,320 to €212,366
mainly Net result for the year (+€174,852) and Receivables within one year (+€77,499)
- Receivables within one year -€77,499
down €77,499 (-63.0%), from €123,051 to €45,552
of which Other amounts receivable: -€62,499
- Tangible fixed assets -€7,832
down €7,832 (-23.8%), from €32,894 to €25,063
of which Land and buildings: -€6,763
- Reserves +€103,946
up €103,946 (+85.8%), from €121,206 to €225,152
of which Distributable reserves: +€103,946
- Tax, wage and social debts +€13,062
up €13,062 (+66.8%), from €19,547 to €32,608
of which Taxes: +€10,462
- Trade debts +€4,565
up €4,565 (+1,668%), from €274 to €4,839
- Gross operating margin +€186,848
up €186,848 (+351%), from €53,277 to €240,125
- Taxes +€44,775
up €44,775 (+326%), from €13,724 to €58,499
- Financial income -€3,978
down €3,978 (-60.6%), from €6,562 to €2,584
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 | €160,585 | €282,980 | +€122,396 | +76.2% |
| Fixed assets | 21/28 | €32,894 | €25,063 | -€7,832 | -23.8% |
| Tangible fixed assets | 22/27 | €32,894 | €25,063 | -€7,832 | -23.8% |
| Land and buildings | 22 | €26,121 | €19,358 | -€6,763 | -25.9% |
| Plant, machinery and equipment | 23 | €6,773 | €5,705 | -€1,069 | -15.8% |
| Current assets | 29/58 | €127,690 | €257,918 | +€130,227 | +102% |
| Amounts receivable within one year | 40/41 | €123,051 | €45,552 | -€77,499 | -63.0% |
| Trade receivables | 40 | €15,000 | €0 | -€15,000 | -100% |
| Other amounts receivable | 41 | €108,051 | €45,552 | -€62,499 | -57.8% |
| Cash at bank and in hand | 54/58 | €4,320 | €212,366 | +€208,046 | +4,816% |
| Deferred charges and accrued income | 490/1 | €320 | €0 | -€320 | -100% |
| Total equity and liabilities | 10/49 | €160,585 | €282,980 | +€122,396 | +76.2% |
| Equity | 10/15 | €139,806 | €243,752 | +€103,946 | +74.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €121,206 | €225,152 | +€103,946 | +85.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €50,300 | €50,300 | = | 0.0% |
| Distributable reserves | 133 | €70,906 | €174,852 | +€103,946 | +147% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,779 | €39,228 | +€18,449 | +88.8% |
| Amounts payable within one year | 42/48 | €20,779 | €39,228 | +€18,449 | +88.8% |
| Financial debts | 43 | €958 | €1,781 | +€823 | +85.9% |
| Credit institutions | 430/8 | €958 | €1,781 | +€823 | +85.9% |
| Trade debts | 44 | €274 | €4,839 | +€4,565 | +1,668% |
| Suppliers | 440/4 | €274 | €4,839 | +€4,565 | +1,668% |
| Taxes, remuneration and social security | 45 | €19,547 | €32,608 | +€13,062 | +66.8% |
| Taxes | 450/3 | €19,547 | €30,008 | +€10,462 | +53.5% |
| Remuneration and social security | 454/9 | - | €2,600 | +€2,600 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,832 | €7,832 | = | 0.0% |
| Other operating charges | 640/8 | €596 | €1,006 | +€410 | +68.8% |
| Gross operating margin | 9900 | €53,277 | €240,125 | +€186,848 | +351% |
| Operating profit (loss) | 9901 | €44,850 | €231,287 | +€186,438 | +416% |
| Financial income | 75/76B | €6,562 | €2,584 | -€3,978 | -60.6% |
| Recurring financial income | 75 | €6,562 | €2,584 | -€3,978 | -60.6% |
| Financial charges | 65/66B | €39 | €521 | +€482 | +1,235% |
| Recurring financial charges | 65 | €39 | €521 | +€482 | +1,235% |
| Profit (loss) for the period before taxes | 9903 | €51,373 | €233,351 | +€181,978 | +354% |
| Income taxes | 67/77 | €13,724 | €58,499 | +€44,775 | +326% |
| Profit (loss) for the period | 9904 | €37,649 | €174,852 | +€137,203 | +364% |
| Profit (loss) for the period to be appropriated | 9905 | €37,649 | €174,852 | +€137,203 | +364% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.