HE-MI Engineering: 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.
HE-MI Engineering
Largest movements
- Receivables within one year +€58,543
up €58,543 (+38.1%), from €153,849 to €212,392
of which Other amounts receivable: +€59,796
- Cash +€47,407
up €47,407 (+620.2%), from €7,644 to €55,051
mainly Net result for the year (+€79,948) and Tax, wage and social debts (+€13,163)
- Receivables after one year -€10,200
down €10,200 (-30.8%), from €33,150 to €22,950
- Reserves +€79,948
up €79,948 (+44.3%), from €180,624 to €260,572
- Tax, wage and social debts +€13,163
up €13,163 (+90.6%), from €14,526 to €27,689
- Gross operating margin +€33,444
up €33,444 (+47.5%), from €70,345 to €103,789
- Taxes +€6,542
up €6,542 (+45.7%), from €14,300 to €20,842
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.
Cash bridge derived
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 | €199,150 | €292,659 | +€93,510 | +47.0% |
| Fixed assets | 21/28 | €4,506 | €2,266 | -€2,240 | -49.7% |
| Tangible fixed assets | 22/27 | €4,506 | €2,266 | -€2,240 | -49.7% |
| Furniture and vehicles | 24 | €4,506 | €2,266 | -€2,240 | -49.7% |
| Current assets | 29/58 | €194,643 | €290,393 | +€95,750 | +49.2% |
| Amounts receivable after more than one year | 29 | €33,150 | €22,950 | -€10,200 | -30.8% |
| Other amounts receivable | 291 | €33,150 | €22,950 | -€10,200 | -30.8% |
| Amounts receivable within one year | 40/41 | €153,849 | €212,392 | +€58,543 | +38.1% |
| Trade receivables | 40 | €27,693 | €26,440 | -€1,253 | -4.5% |
| Other amounts receivable | 41 | €126,156 | €185,952 | +€59,796 | +47.4% |
| Cash at bank and in hand | 54/58 | €7,644 | €55,051 | +€47,407 | +620.2% |
| Total equity and liabilities | 10/49 | €199,150 | €292,659 | +€93,510 | +47.0% |
| Equity | 10/15 | €184,624 | €264,572 | +€79,948 | +43.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €180,624 | €260,572 | +€79,948 | +44.3% |
| Distributable reserves | 133 | €180,624 | €260,572 | +€79,948 | +44.3% |
| Amounts payable | 17/49 | €14,526 | €28,088 | +€13,562 | +93.4% |
| Amounts payable within one year | 42/48 | €14,526 | €28,088 | +€13,562 | +93.4% |
| Trade debts | 44 | €0 | €31 | +€31 | |
| Suppliers | 440/4 | €0 | €31 | +€31 | |
| Taxes, remuneration and social security | 45 | €14,526 | €27,689 | +€13,163 | +90.6% |
| Taxes | 450/3 | €14,526 | €27,689 | +€13,163 | +90.6% |
| Other amounts payable | 47/48 | - | €368 | +€368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,202 | €2,240 | +€38 | +1.7% |
| Other operating charges | 640/8 | €285 | €644 | +€360 | +126.3% |
| Gross operating margin | 9900 | €70,345 | €103,789 | +€33,444 | +47.5% |
| Operating profit (loss) | 9901 | €67,859 | €100,904 | +€33,046 | +48.7% |
| Financial income | 75/76B | €1,000 | €0 | -€1,000 | -100.0% |
| Recurring financial income | 75 | €1,000 | €0 | -€1,000 | -100.0% |
| Financial charges | 65/66B | €144 | €115 | -€30 | -20.7% |
| Recurring financial charges | 65 | €144 | €115 | -€30 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €68,714 | €100,790 | +€32,076 | +46.7% |
| Income taxes | 67/77 | €14,300 | €20,842 | +€6,542 | +45.7% |
| Profit (loss) for the period | 9904 | €54,414 | €79,948 | +€25,534 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,414 | €79,948 | +€25,534 | +46.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.