FUSION HEMIKSEM: 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.
FUSION HEMIKSEM
Largest movements
- Receivables within one year +€7,020
up €7,020 (+57.9%), from €12,119 to €19,139
of which Other amounts receivable: +€4,042
- Cash -€1,126
down €1,126 (-8.0%), from €14,126 to €13,000
mainly Receivables within one year (-€7,020) and Tax, wage and social debts (-€1,982)
- Stocks and contracts +€535
up €535 (+11.3%), from €4,747 to €5,282
- Other debts +€3,882
up €3,882 (+35.4%), from €10,960 to €14,842
- Profit (loss) carried forward +€2,833
up €2,833 (+19.6%), from -€14,457 to -€11,624
- Tax, wage and social debts -€1,982
down €1,982 (-56.9%), from €3,483 to €1,502
of which Remuneration and social security: -€2,742
- Trade debts +€1,696
up €1,696 (+68.2%), from €2,485 to €4,182
- Depreciation -€2,536
no longer reported in 2025 (was €2,536)
- Staff costs +€2,280
up €2,280 (+5.8%), from €39,128 to €41,408
- Gross operating margin +€2,171
up €2,171 (+5.0%), from €43,071 to €45,242
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 | €30,993 | €37,422 | +€6,429 | +20.7% |
| Current assets | 29/58 | €30,993 | €37,422 | +€6,429 | +20.7% |
| Stocks and contracts in progress | 3 | €4,747 | €5,282 | +€535 | +11.3% |
| Stocks | 30/36 | €4,747 | €5,282 | +€535 | +11.3% |
| Amounts receivable within one year | 40/41 | €12,119 | €19,139 | +€7,020 | +57.9% |
| Trade receivables | 40 | €1,930 | €4,907 | +€2,978 | +154% |
| Other amounts receivable | 41 | €10,190 | €14,232 | +€4,042 | +39.7% |
| Cash at bank and in hand | 54/58 | €14,126 | €13,000 | -€1,126 | -8.0% |
| Total equity and liabilities | 10/49 | €30,993 | €37,422 | +€6,429 | +20.7% |
| Equity | 10/15 | €14,065 | €16,897 | +€2,833 | +20.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,521 | €8,521 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €6,521 | €6,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,457 | -€11,624 | +€2,833 | +19.6% |
| Amounts payable | 17/49 | €16,929 | €20,525 | +€3,596 | +21.2% |
| Amounts payable within one year | 42/48 | €16,929 | €20,525 | +€3,596 | +21.2% |
| Trade debts | 44 | €2,485 | €4,182 | +€1,696 | +68.2% |
| Suppliers | 440/4 | €2,485 | €4,182 | +€1,696 | +68.2% |
| Taxes, remuneration and social security | 45 | €3,483 | €1,502 | -€1,982 | -56.9% |
| Taxes | 450/3 | €741 | €1,502 | +€760 | +103% |
| Remuneration and social security | 454/9 | €2,742 | - | -€2,742 | |
| Other amounts payable | 47/48 | €10,960 | €14,842 | +€3,882 | +35.4% |
| Remuneration, social security and pensions | 62 | €39,128 | €41,408 | +€2,280 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,536 | - | -€2,536 | |
| Other operating charges | 640/8 | €295 | €573 | +€277 | +93.9% |
| Gross operating margin | 9900 | €43,071 | €45,242 | +€2,171 | +5.0% |
| Operating profit (loss) | 9901 | €1,111 | €3,261 | +€2,150 | +194% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €153 | €181 | +€28 | +18.0% |
| Recurring financial charges | 65 | €153 | €181 | +€28 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €959 | €3,081 | +€2,122 | +221% |
| Income taxes | 67/77 | €137 | €248 | +€111 | +81.5% |
| Profit (loss) for the period | 9904 | €822 | €2,833 | +€2,010 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €822 | €2,833 | +€2,010 | +244% |
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 13 October 2026 via checked.be.