Haems: 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.
Haems
Largest movements
- Current investments -€318,870
down €318,870 (-32.3%), from €986,708 to €667,838
- Reserves -€881,387
down €881,387 (-21.5%), from €4.1m to €3.2m
of which Distributable reserves: -€810,187
- Other debts +€509,402
up €509,402 (+348%), from €146,351 to €655,753
- Financial income -€186,299
down €186,299 (-22.8%), from €816,032 to €629,733
- Gross operating margin -€20,505
down €20,505 (-12.2%), from €167,967 to €147,463
- Financial charges +€19,233
up €19,233 (+81.8%), from -€23,515 to -€4,282
of which Financial charges: +€19,124
- Taxes +€3,374
up €3,374 (+2.0%), from €172,251 to €175,625
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 | €4,391,551 | €4,035,985 | -€355,566 | -8.1% |
| Fixed assets | 21/28 | €188,048 | €187,855 | -€193 | -0.1% |
| Tangible fixed assets | 22/27 | €7,398 | €7,205 | -€193 | -2.6% |
| Plant, machinery and equipment | 23 | €2,137 | €3,103 | +€966 | +45.2% |
| Furniture and vehicles | 24 | €1,197 | €762 | -€435 | -36.4% |
| Other tangible fixed assets | 26 | €4,063 | €3,340 | -€723 | -17.8% |
| Financial fixed assets | 28 | €180,650 | €180,650 | = | 0.0% |
| Current assets | 29/58 | €4,203,503 | €3,848,131 | -€355,372 | -8.5% |
| Amounts receivable after more than one year | 29 | €3,014,893 | €3,014,313 | -€580 | 0.0% |
| Other amounts receivable | 291 | €3,014,893 | €3,014,313 | -€580 | 0.0% |
| Amounts receivable within one year | 40/41 | €30,373 | €31,765 | +€1,392 | +4.6% |
| Trade receivables | 40 | €30,308 | €31,699 | +€1,392 | +4.6% |
| Other amounts receivable | 41 | €65 | €65 | = | 0.0% |
| Current investments | 50/53 | €986,708 | €667,838 | -€318,870 | -32.3% |
| Cash at bank and in hand | 54/58 | €95,374 | €54,366 | -€41,008 | -43.0% |
| Deferred charges and accrued income | 490/1 | €76,155 | €79,849 | +€3,694 | +4.9% |
| Total equity and liabilities | 10/49 | €4,391,551 | €4,035,985 | -€355,566 | -8.1% |
| Equity | 10/15 | €4,111,282 | €3,229,894 | -€881,387 | -21.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,098,882 | €3,217,494 | -€881,387 | -21.5% |
| Non-distributable reserves | 130/1 | €10,500 | €10,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,500 | €10,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,200 | - | -€71,200 | |
| Distributable reserves | 133 | €4,017,182 | €3,206,994 | -€810,187 | -20.2% |
| Amounts payable | 17/49 | €280,269 | €806,091 | +€525,822 | +188% |
| Amounts payable within one year | 42/48 | €280,269 | €806,091 | +€525,822 | +188% |
| Trade debts | 44 | €1,326 | €1,625 | +€299 | +22.6% |
| Suppliers | 440/4 | €1,326 | €1,625 | +€299 | +22.6% |
| Taxes, remuneration and social security | 45 | €132,593 | €148,713 | +€16,120 | +12.2% |
| Taxes | 450/3 | €130,339 | €148,713 | +€18,374 | +14.1% |
| Remuneration and social security | 454/9 | €2,253 | - | -€2,253 | |
| Other amounts payable | 47/48 | €146,351 | €655,753 | +€509,402 | +348% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,761 | €2,708 | +€947 | +53.7% |
| Other operating charges | 640/8 | €2,573 | €2,188 | -€384 | -14.9% |
| Gross operating margin | 9900 | €167,967 | €147,463 | -€20,505 | -12.2% |
| Operating profit (loss) | 9901 | €163,634 | €142,566 | -€21,067 | -12.9% |
| Financial income | 75/76B | €816,032 | €629,733 | -€186,299 | -22.8% |
| Recurring financial income | 75 | €816,032 | €629,733 | -€186,299 | -22.8% |
| Financial charges | 65/66B | -€23,515 | -€4,282 | +€19,233 | +81.8% |
| Recurring financial charges | 65 | -€23,515 | -€4,391 | +€19,124 | +81.3% |
| Non-recurring financial charges | 66B | - | €109 | +€109 | |
| Profit (loss) for the period before taxes | 9903 | €1,003,180 | €776,581 | -€226,599 | -22.6% |
| Income taxes | 67/77 | €172,251 | €175,625 | +€3,374 | +2.0% |
| Profit (loss) for the period | 9904 | €830,929 | €600,956 | -€229,973 | -27.7% |
| Transfer from tax-exempt reserves | 789 | €142,400 | €71,200 | -€71,200 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €973,329 | €672,156 | -€301,173 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.