DECLAYE H.E.M.S: 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.
DECLAYE H.E.M.S
Largest movements
- Tangible fixed assets -€19,182
down €19,182 (-3.6%), from €533,222 to €514,040
of which Land and buildings: -€27,799
- Receivables within one year -€16,032
down €16,032 (-99.5%), from €16,115 to €83
of which Trade receivables: -€16,031
- Stocks and contracts -€13,512
down €13,512 (-24.6%), from €54,822 to €41,310
- Cash +€8,120
up €8,120 (+6.4%), from €127,607 to €135,727
mainly Depreciation (+€64,900) and Receivables within one year (+€16,032)
- Debts after one year -€35,284
down €35,284 (-10.2%), from €344,524 to €309,240
- Profit (loss) carried forward +€13,435
up €13,435 (+95.4%), from €14,077 to €27,513
- Advances received -€12,392
down €12,392 (-20.5%), from €60,467 to €48,075
- Tax, wage and social debts -€10,736
down €10,736 (-67.9%), from €15,822 to €5,086
- Gross operating margin +€18,945
up €18,945 (+26.4%), from €71,818 to €90,763
- Other operating charges +€3,765
up €3,765 (+570%), from €661 to €4,426
- Taxes +€1,623
up €1,623, from €0 to €1,623
- Depreciation -€1,566
down €1,566 (-2.4%), from €66,466 to €64,900
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 | €734,414 | €693,888 | -€40,526 | -5.5% |
| Fixed assets | 21/28 | €533,223 | €514,041 | -€19,182 | -3.6% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €533,222 | €514,040 | -€19,182 | -3.6% |
| Land and buildings | 22 | €440,015 | €412,216 | -€27,799 | -6.3% |
| Plant, machinery and equipment | 23 | €65,367 | €83,342 | +€17,975 | +27.5% |
| Furniture and vehicles | 24 | €27,840 | €18,482 | -€9,358 | -33.6% |
| Current assets | 29/58 | €201,191 | €179,847 | -€21,344 | -10.6% |
| Stocks and contracts in progress | 3 | €54,822 | €41,310 | -€13,512 | -24.6% |
| Stocks | 30/36 | €54,822 | €41,310 | -€13,512 | -24.6% |
| Amounts receivable within one year | 40/41 | €16,115 | €83 | -€16,032 | -99.5% |
| Trade receivables | 40 | €16,031 | €0 | -€16,031 | -100% |
| Other amounts receivable | 41 | €84 | €83 | -€0 | -0.4% |
| Cash at bank and in hand | 54/58 | €127,607 | €135,727 | +€8,120 | +6.4% |
| Deferred charges and accrued income | 490/1 | €2,647 | €2,727 | +€80 | +3.0% |
| Total equity and liabilities | 10/49 | €734,414 | €693,888 | -€40,526 | -5.5% |
| Equity | 10/15 | €182,838 | €193,872 | +€11,035 | +6.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €120,000 | €120,000 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,077 | €27,513 | +€13,435 | +95.4% |
| Investment grants | 15 | €28,760 | €26,360 | -€2,401 | -8.3% |
| Amounts payable | 17/49 | €551,576 | €500,016 | -€51,560 | -9.3% |
| Amounts payable after more than one year | 17 | €344,524 | €309,240 | -€35,284 | -10.2% |
| Financial debts | 170/4 | €344,524 | €309,240 | -€35,284 | -10.2% |
| Amounts payable within one year | 42/48 | €207,052 | €190,776 | -€16,276 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €34,469 | €35,284 | +€815 | +2.4% |
| Trade debts | 44 | €15,426 | €18,987 | +€3,561 | +23.1% |
| Suppliers | 440/4 | €15,426 | €18,987 | +€3,561 | +23.1% |
| Advances received on contracts in progress | 46 | €60,467 | €48,075 | -€12,392 | -20.5% |
| Taxes, remuneration and social security | 45 | €15,822 | €5,086 | -€10,736 | -67.9% |
| Taxes | 450/3 | €15,822 | €5,086 | -€10,736 | -67.9% |
| Other amounts payable | 47/48 | €80,868 | €83,343 | +€2,476 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,466 | €64,900 | -€1,566 | -2.4% |
| Other operating charges | 640/8 | €661 | €4,426 | +€3,765 | +570% |
| Gross operating margin | 9900 | €71,818 | €90,763 | +€18,945 | +26.4% |
| Operating profit (loss) | 9901 | €4,691 | €21,437 | +€16,746 | +357% |
| Financial income | 75/76B | €3,024 | €2,794 | -€230 | -7.6% |
| Recurring financial income | 75 | €3,024 | €2,794 | -€230 | -7.6% |
| Financial charges | 65/66B | €9,967 | €9,172 | -€795 | -8.0% |
| Recurring financial charges | 65 | €9,967 | €9,172 | -€795 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,252 | €15,059 | +€17,311 | |
| Income taxes | 67/77 | €0 | €1,623 | +€1,623 | |
| Profit (loss) for the period | 9904 | -€2,252 | €13,435 | +€15,687 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,252 | €13,435 | +€15,687 |
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 20 October 2026 via checked.be.