Haelemeersch: what changed
Haelemeersch
Largest movements
- Current investments +€50,000
up €50,000 (+125,000,000%), from €0 to €50,000
- Cash -€32,751
down €32,751 (-45.5%), from €72,037 to €39,286
mainly Contributions, distributions and other (-€54,000) and Investment in fixed assets (net) (-€52,483)
- Tangible fixed assets -€8,645
down €8,645 (-1.4%), from €608,969 to €600,324
of which Land and buildings: -€19,096
- Other debts +€27,297
up €27,297 (+53.2%), from €51,289 to €78,587
- Debts after one year -€26,547
down €26,547 (-46.2%), from €57,456 to €30,909
- Tax, wage and social debts +€14,265
up €14,265 (+332%), from €4,296 to €18,560
- Reserves -€8,385
down €8,385 (-1.7%), from €507,623 to €499,237
of which Distributable reserves: -€8,385
- Taxes +€17,179
new in 2025: €17,179
- Gross operating margin -€14,758
down €14,758 (-10.7%), from €138,149 to €123,391
- Financial income +€8,514
up €8,514 (+5,394%), from €158 to €8,672
of which Non-recurring financial income: +€8,525
- Financial charges -€8,226
down €8,226 (-66.7%), from €12,338 to €4,112
- Depreciation +€7,409
up €7,409 (+13.8%), from €53,719 to €61,128
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 | €725,638 | €731,919 | +€6,281 | +0.9% |
| Fixed assets | 21/28 | €608,969 | €600,324 | -€8,645 | -1.4% |
| Tangible fixed assets | 22/27 | €608,969 | €600,324 | -€8,645 | -1.4% |
| Land and buildings | 22 | €559,508 | €540,412 | -€19,096 | -3.4% |
| Plant, machinery and equipment | 23 | €1,467 | €1,336 | -€132 | -9.0% |
| Furniture and vehicles | 24 | €47,994 | €58,577 | +€10,583 | +22.0% |
| Current assets | 29/58 | €116,669 | €131,594 | +€14,926 | +12.8% |
| Amounts receivable within one year | 40/41 | €43,091 | €40,722 | -€2,369 | -5.5% |
| Trade receivables | 40 | €33,044 | €30,675 | -€2,369 | -7.2% |
| Other amounts receivable | 41 | €10,047 | €10,047 | = | 0.0% |
| Current investments | 50/53 | €0 | €50,000 | +€50,000 | +125,000,000% |
| Cash at bank and in hand | 54/58 | €72,037 | €39,286 | -€32,751 | -45.5% |
| Deferred charges and accrued income | 490/1 | €1,541 | €1,586 | +€45 | +2.9% |
| Total equity and liabilities | 10/49 | €725,638 | €731,919 | +€6,281 | +0.9% |
| Equity | 10/15 | €582,023 | €573,637 | -€8,385 | -1.4% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €507,623 | €499,237 | -€8,385 | -1.7% |
| Tax-exempt reserves | 132 | €22,235 | €22,235 | = | 0.0% |
| Distributable reserves | 133 | €485,387 | €477,002 | -€8,385 | -1.7% |
| Amounts payable | 17/49 | €143,615 | €158,281 | +€14,666 | +10.2% |
| Amounts payable after more than one year | 17 | €57,456 | €30,909 | -€26,547 | -46.2% |
| Financial debts | 170/4 | €57,456 | €30,909 | -€26,547 | -46.2% |
| Amounts payable within one year | 42/48 | €86,160 | €127,373 | +€41,213 | +47.8% |
| Financial debts | 43 | €30,151 | €26,547 | -€3,605 | -12.0% |
| Credit institutions | 430/8 | €30,151 | €26,547 | -€3,605 | -12.0% |
| Trade debts | 44 | €424 | €3,679 | +€3,255 | +768% |
| Suppliers | 440/4 | €424 | €3,679 | +€3,255 | +768% |
| Taxes, remuneration and social security | 45 | €4,296 | €18,560 | +€14,265 | +332% |
| Taxes | 450/3 | €4,296 | €18,560 | +€14,265 | +332% |
| Other amounts payable | 47/48 | €51,289 | €78,587 | +€27,297 | +53.2% |
| Non-recurring operating income | 76A | €15,790 | €12,155 | -€3,635 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,719 | €61,128 | +€7,409 | +13.8% |
| Other operating charges | 640/8 | €6,954 | €4,029 | -€2,925 | -42.1% |
| Non-recurring operating charges | 66A | €79,050 | - | -€79,050 | |
| Gross operating margin | 9900 | €138,149 | €123,391 | -€14,758 | -10.7% |
| Operating profit (loss) | 9901 | -€1,573 | €58,234 | +€59,807 | |
| Financial income | 75/76B | €158 | €8,672 | +€8,514 | +5,394% |
| Recurring financial income | 75 | €158 | €147 | -€11 | -6.9% |
| Non-recurring financial income | 76B | - | €8,525 | +€8,525 | |
| Financial charges | 65/66B | €12,338 | €4,112 | -€8,226 | -66.7% |
| Recurring financial charges | 65 | €12,338 | €4,112 | -€8,226 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,753 | €62,793 | +€76,547 | |
| Income taxes | 67/77 | - | €17,179 | +€17,179 | |
| Profit (loss) for the period | 9904 | -€13,753 | €45,615 | +€59,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,753 | €45,615 | +€59,368 |
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 4 November 2026 via checked.be.