WIM HERMANS: what changed
WIM HERMANS
Largest movements
- Cash -€303,207
down €303,207 (-55.3%), from €548,734 to €245,527
mainly Contributions, distributions and other (-€424,735) and Tax, wage and social debts (-€49,847)
- Tangible fixed assets +€28,732
up €28,732 (+2,162%), from €1,329 to €30,062
of which Furniture and vehicles: +€25,440
- Reserves -€197,951
no longer reported in 2025 (was €197,951)
- Tax, wage and social debts -€49,847
down €49,847 (-56.7%), from €87,927 to €38,080
- Other debts -€23,775
down €23,775 (-9.4%), from €254,142 to €230,367
- Gross operating margin +€37,960
up €37,960 (+14.3%), from €266,012 to €303,972
- Financial charges -€8,777
down €8,777 (-97.0%), from €9,053 to €276
- Depreciation +€7,772
up €7,772 (+606%), from €1,282 to €9,055
- Financial income -€5,196
down €5,196 (-74.4%), from €6,981 to €1,785
- Taxes +€4,553
up €4,553 (+7.1%), from €63,835 to €68,388
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €565,245 | €294,813 | -€270,432 | -47.8% |
| Fixed assets | 21/28 | €1,329 | €30,062 | +€28,732 | +2,162% |
| Tangible fixed assets | 22/27 | €1,329 | €30,062 | +€28,732 | +2,162% |
| Plant, machinery and equipment | 23 | €1,329 | €113 | -€1,217 | -91.5% |
| Furniture and vehicles | 24 | - | €25,440 | +€25,440 | |
| Other tangible fixed assets | 26 | - | €4,509 | +€4,509 | |
| Current assets | 29/58 | €563,915 | €264,751 | -€299,164 | -53.1% |
| Amounts receivable within one year | 40/41 | €5,841 | €7,829 | +€1,988 | +34.0% |
| Trade receivables | 40 | €2,827 | €2,430 | -€398 | -14.1% |
| Other amounts receivable | 41 | €3,014 | €5,400 | +€2,386 | +79.2% |
| Current investments | 50/53 | €7,820 | €9,778 | +€1,958 | +25.0% |
| Cash at bank and in hand | 54/58 | €548,734 | €245,527 | -€303,207 | -55.3% |
| Deferred charges and accrued income | 490/1 | €1,521 | €1,617 | +€96 | +6.3% |
| Total equity and liabilities | 10/49 | €565,245 | €294,813 | -€270,432 | -47.8% |
| Equity | 10/15 | €212,951 | €15,000 | -€197,951 | -93.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €197,951 | - | -€197,951 | |
| Distributable reserves | 133 | €197,951 | - | -€197,951 | |
| Amounts payable | 17/49 | €352,293 | €279,813 | -€72,481 | -20.6% |
| Amounts payable within one year | 42/48 | €344,273 | €271,793 | -€72,481 | -21.1% |
| Trade debts | 44 | €2,204 | €3,346 | +€1,142 | +51.8% |
| Suppliers | 440/4 | €2,204 | €3,346 | +€1,142 | +51.8% |
| Taxes, remuneration and social security | 45 | €87,927 | €38,080 | -€49,847 | -56.7% |
| Taxes | 450/3 | €87,927 | €38,080 | -€49,847 | -56.7% |
| Other amounts payable | 47/48 | €254,142 | €230,367 | -€23,775 | -9.4% |
| Accrued charges and deferred income | 492/3 | €8,020 | €8,020 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €9,055 | +€7,772 | +606% |
| Other operating charges | 640/8 | €872 | €1,254 | +€383 | +43.9% |
| Gross operating margin | 9900 | €266,012 | €303,972 | +€37,960 | +14.3% |
| Operating profit (loss) | 9901 | €263,858 | €293,663 | +€29,805 | +11.3% |
| Financial income | 75/76B | €6,981 | €1,785 | -€5,196 | -74.4% |
| Recurring financial income | 75 | €6,981 | €1,785 | -€5,196 | -74.4% |
| Financial charges | 65/66B | €9,053 | €276 | -€8,777 | -97.0% |
| Recurring financial charges | 65 | €9,053 | €276 | -€8,777 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €261,786 | €295,172 | +€33,385 | +12.8% |
| Income taxes | 67/77 | €63,835 | €68,388 | +€4,553 | +7.1% |
| Profit (loss) for the period | 9904 | €197,951 | €226,783 | +€28,832 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €197,951 | €226,783 | +€28,832 | +14.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.