VAN LOOY - 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.
VAN LOOY - HERMANS
Largest movements
- Cash -€29,706
down €29,706 (-41.2%), from €72,162 to €42,456
mainly Tax, wage and social debts (-€16,354) and Debts after one year (-€8,437)
- Tax, wage and social debts -€16,354
down €16,354 (-53.2%), from €30,768 to €14,414
- Debts after one year -€8,437
no longer reported in 2025 (was €8,437)
- Gross operating margin -€48,502
down €48,502, from €30,988 to -€17,513
- Taxes -€11,021
down €11,021 (-98.2%), from €11,217 to €197
- Financial income +€4,195
up €4,195 (+30.3%), from €13,827 to €18,022
of which Non-recurring financial income: +€3,719
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 | €800,424 | €764,483 | -€35,942 | -4.5% |
| Fixed assets | 21/28 | €153,418 | €147,940 | -€5,478 | -3.6% |
| Tangible fixed assets | 22/27 | €153,418 | €147,940 | -€5,478 | -3.6% |
| Land and buildings | 22 | €140,000 | €140,000 | = | 0.0% |
| Furniture and vehicles | 24 | €13,418 | €7,940 | -€5,478 | -40.8% |
| Current assets | 29/58 | €647,006 | €616,543 | -€30,464 | -4.7% |
| Amounts receivable after more than one year | 29 | €420,000 | €420,000 | = | 0.0% |
| Other amounts receivable | 291 | €420,000 | €420,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €759 | - | -€759 | |
| Stocks | 30/36 | €759 | - | -€759 | |
| Amounts receivable within one year | 40/41 | €146,179 | €148,366 | +€2,187 | +1.5% |
| Trade receivables | 40 | €26,230 | €5,881 | -€20,349 | -77.6% |
| Other amounts receivable | 41 | €119,949 | €142,485 | +€22,536 | +18.8% |
| Current investments | 50/53 | €279 | €279 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €72,162 | €42,456 | -€29,706 | -41.2% |
| Deferred charges and accrued income | 490/1 | €7,627 | €5,442 | -€2,186 | -28.7% |
| Total equity and liabilities | 10/49 | €800,424 | €764,483 | -€35,942 | -4.5% |
| Equity | 10/15 | €753,510 | €747,106 | -€6,405 | -0.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €734,918 | €728,514 | -€6,405 | -0.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,977 | €16,977 | = | 0.0% |
| Distributable reserves | 133 | €716,083 | €709,678 | -€6,405 | -0.9% |
| Amounts payable | 17/49 | €46,914 | €17,377 | -€29,537 | -63.0% |
| Amounts payable after more than one year | 17 | €8,437 | - | -€8,437 | |
| Financial debts | 170/4 | €8,437 | - | -€8,437 | |
| Amounts payable within one year | 42/48 | €38,477 | €17,377 | -€21,100 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €5,519 | - | -€5,519 | |
| Trade debts | 44 | €2,190 | €2,963 | +€773 | +35.3% |
| Suppliers | 440/4 | €2,190 | €2,963 | +€773 | +35.3% |
| Taxes, remuneration and social security | 45 | €30,768 | €14,414 | -€16,354 | -53.2% |
| Taxes | 450/3 | €30,768 | €14,414 | -€16,354 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,653 | €5,478 | -€174 | -3.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €30,988 | -€17,513 | -€48,502 | |
| Operating profit (loss) | 9901 | €24,830 | -€23,511 | -€48,342 | |
| Financial income | 75/76B | €13,827 | €18,022 | +€4,195 | +30.3% |
| Recurring financial income | 75 | €13,827 | €14,303 | +€476 | +3.4% |
| Non-recurring financial income | 76B | - | €3,719 | +€3,719 | |
| Financial charges | 65/66B | €727 | €719 | -€8 | -1.1% |
| Recurring financial charges | 65 | €664 | €719 | +€55 | +8.3% |
| Non-recurring financial charges | 66B | €63 | - | -€63 | |
| Profit (loss) for the period before taxes | 9903 | €37,931 | -€6,208 | -€44,139 | |
| Income taxes | 67/77 | €11,217 | €197 | -€11,021 | -98.2% |
| Profit (loss) for the period | 9904 | €26,714 | -€6,405 | -€33,118 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,714 | -€6,405 | -€33,118 |
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 27 October 2026 via checked.be.