HART & HEMELDONCK: what changed
HART & HEMELDONCK
Largest movements
- Receivables within one year +€40,369
up €40,369 (+126%), from €31,918 to €72,288
of which Trade receivables: +€42,227
- Cash -€17,822
down €17,822 (-93.4%), from €19,090 to €1,268
mainly Receivables within one year (-€40,369) and Advances received (-€25,078)
- Tangible fixed assets -€15,422
down €15,422 (-100%), from €15,422 to €0
of which Plant, machinery and equipment: -€13,855
- Profit (loss) carried forward +€47,232
up €47,232, from -€32,080 to €15,152
- Advances received -€25,078
down €25,078 (-100%), from €25,078 to €0
- Trade debts -€8,617
down €8,617 (-76.6%), from €11,243 to €2,626
- Current portion of long-term debt -€3,455
down €3,455 (-58.3%), from €5,923 to €2,468
- Debts after one year -€2,468
down €2,468 (-100%), from €2,468 to €0
- Financial charges -€41,971
down €41,971 (-99.0%), from €42,384 to €413
of which Non-recurring financial charges: -€39,338
- Other operating charges +€16,874
up €16,874 (+1,313%), from €1,285 to €18,159
- Gross operating margin +€12,697
up €12,697 (+24.2%), from €52,463 to €65,161
- Depreciation -€9,903
down €9,903 (-100%), from €9,903 to €0
- Staff costs -€5,571
down €5,571 (-97.0%), from €5,741 to €170
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 | €67,480 | €74,606 | +€7,125 | +10.6% |
| Fixed assets | 21/28 | €16,472 | €1,050 | -€15,422 | -93.6% |
| Tangible fixed assets | 22/27 | €15,422 | €0 | -€15,422 | -100% |
| Land and buildings | 22 | €1,567 | €0 | -€1,567 | -100% |
| Plant, machinery and equipment | 23 | €13,855 | €0 | -€13,855 | -100% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €51,008 | €73,556 | +€22,547 | +44.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €31,918 | €72,288 | +€40,369 | +126% |
| Trade receivables | 40 | €29,773 | €72,000 | +€42,227 | +142% |
| Other amounts receivable | 41 | €2,145 | €288 | -€1,857 | -86.6% |
| Cash at bank and in hand | 54/58 | €19,090 | €1,268 | -€17,822 | -93.4% |
| Total equity and liabilities | 10/49 | €67,480 | €74,606 | +€7,125 | +10.6% |
| Equity | 10/15 | -€11,620 | €35,612 | +€47,232 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,080 | €15,152 | +€47,232 | |
| Amounts payable | 17/49 | €79,100 | €38,994 | -€40,107 | -50.7% |
| Amounts payable after more than one year | 17 | €2,468 | €0 | -€2,468 | -100% |
| Financial debts | 170/4 | €2,468 | €0 | -€2,468 | -100% |
| Amounts payable within one year | 42/48 | €76,380 | €38,742 | -€37,639 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €5,923 | €2,468 | -€3,455 | -58.3% |
| Trade debts | 44 | €11,243 | €2,626 | -€8,617 | -76.6% |
| Suppliers | 440/4 | €11,243 | €2,626 | -€8,617 | -76.6% |
| Advances received on contracts in progress | 46 | €25,078 | €0 | -€25,078 | -100% |
| Taxes, remuneration and social security | 45 | €2,035 | €0 | -€2,035 | -100% |
| Taxes | 450/3 | €2,035 | €0 | -€2,035 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €32,101 | €33,648 | +€1,547 | +4.8% |
| Accrued charges and deferred income | 492/3 | €252 | €252 | = | 0.0% |
| Non-recurring operating income | 76A | - | €74,578 | +€74,578 | |
| Remuneration, social security and pensions | 62 | €5,741 | €170 | -€5,571 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,903 | €0 | -€9,903 | -100% |
| Other operating charges | 640/8 | €1,285 | €18,159 | +€16,874 | +1,313% |
| Gross operating margin | 9900 | €52,463 | €65,161 | +€12,697 | +24.2% |
| Operating profit (loss) | 9901 | €35,535 | €46,832 | +€11,297 | +31.8% |
| Financial income | 75/76B | €505 | €814 | +€309 | +61.1% |
| Recurring financial income | 75 | €505 | €814 | +€309 | +61.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €42,384 | €413 | -€41,971 | -99.0% |
| Recurring financial charges | 65 | €3,047 | €413 | -€2,633 | -86.4% |
| Non-recurring financial charges | 66B | €39,338 | €0 | -€39,338 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€6,345 | €47,232 | +€53,577 | |
| Profit (loss) for the period | 9904 | -€6,345 | €47,232 | +€53,577 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,345 | €47,232 | +€53,577 |
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 8 November 2026 via checked.be.