HACEM: what changed
Two fiscal 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.
HACEM
Largest movements
- Receivables within one year +€14,433
new in 2024: €14,433
- Cash -€4,920
down €4,920 (-38.8%), from €12,690 to €7,770
mainly Receivables within one year (-€14,433) and Investment in fixed assets (net) (-€6,756)
- Tangible fixed assets +€4,504
new in 2024: €4,504
- Deferred charges and accrued income +€717
new in 2024: €717
- Profit (loss) carried forward +€15,015
up €15,015, from -€10,069 to €4,946
- Other debts -€3,291
no longer reported in 2024 (was €3,291)
- Tax, wage and social debts +€3,081
up €3,081 (+386.8%), from €797 to €3,878
- Gross operating margin +€16,364
up €16,364 (+619.5%), from €2,641 to €19,005
- Depreciation +€2,252
new in 2024: €2,252
- Taxes +€1,960
new in 2024: €1,960
- Financial income +€849
new in 2024: €849
- Other operating charges +€449
new in 2024: €449
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,690 | €27,424 | +€14,734 | +116.1% |
| Fixed assets | 21/28 | - | €4,504 | +€4,504 | |
| Tangible fixed assets | 22/27 | - | €4,504 | +€4,504 | |
| Furniture and vehicles | 24 | - | €4,504 | +€4,504 | |
| Current assets | 29/58 | €12,690 | €22,920 | +€10,230 | +80.6% |
| Amounts receivable within one year | 40/41 | - | €14,433 | +€14,433 | |
| Other amounts receivable | 41 | - | €14,433 | +€14,433 | |
| Cash at bank and in hand | 54/58 | €12,690 | €7,770 | -€4,920 | -38.8% |
| Deferred charges and accrued income | 490/1 | - | €717 | +€717 | |
| Total equity and liabilities | 10/49 | €12,690 | €27,424 | +€14,734 | +116.1% |
| Equity | 10/15 | €8,531 | €23,546 | +€15,015 | +176.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,069 | €4,946 | +€15,015 | |
| Amounts payable | 17/49 | €4,159 | €3,878 | -€281 | -6.7% |
| Amounts payable within one year | 42/48 | €4,159 | €3,878 | -€281 | -6.7% |
| Financial debts | 43 | €71 | - | -€71 | |
| Credit institutions | 430/8 | €71 | - | -€71 | |
| Taxes, remuneration and social security | 45 | €797 | €3,878 | +€3,081 | +386.8% |
| Taxes | 450/3 | €797 | €3,878 | +€3,081 | +386.8% |
| Other amounts payable | 47/48 | €3,291 | - | -€3,291 | |
| Non-recurring operating income | 76A | - | €54 | +€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,252 | +€2,252 | |
| Other operating charges | 640/8 | - | €449 | +€449 | |
| Gross operating margin | 9900 | €2,641 | €19,005 | +€16,364 | +619.5% |
| Operating profit (loss) | 9901 | €2,641 | €16,304 | +€13,663 | +517.2% |
| Financial income | 75/76B | - | €849 | +€849 | |
| Recurring financial income | 75 | - | €849 | +€849 | |
| Financial charges | 65/66B | €139 | €178 | +€39 | +27.6% |
| Recurring financial charges | 65 | €139 | €178 | +€39 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €2,502 | €16,975 | +€14,473 | +578.5% |
| Income taxes | 67/77 | - | €1,960 | +€1,960 | |
| Profit (loss) for the period | 9904 | €2,502 | €15,015 | +€12,513 | +500.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,502 | €15,015 | +€12,513 | +500.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.