Hem Project: 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.
Hem Project
Largest movements
- Cash -€10
down €10 (-66.9%), from €15 to €5
mainly Trade debts (-€2,500) and Net result for the year (-€400)
- Profit (loss) carried forward +€2,632
up €2,632 (+29.8%), from -€8,827 to -€6,195
- Trade debts -€2,500
no longer reported in 2025 (was €2,500)
- Other debts -€142
no longer reported in 2025 (was €142)
- Gross operating margin +€419
up €419 (+58.3%), from -€719 to -€300
- Other operating charges -€384
no longer reported in 2025 (was €384)
- Financial charges +€20
up €20 (+25.4%), from €80 to €101
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 | €15 | €5 | -€10 | -66.9% |
| Current assets | 29/58 | €15 | €5 | -€10 | -66.9% |
| Cash at bank and in hand | 54/58 | €15 | €5 | -€10 | -66.9% |
| Total equity and liabilities | 10/49 | €15 | €5 | -€10 | -66.9% |
| Equity | 10/15 | -€2,627 | €5 | +€2,632 | |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,827 | -€6,195 | +€2,632 | +29.8% |
| Amounts payable | 17/49 | €2,642 | - | -€2,642 | |
| Amounts payable within one year | 42/48 | €2,642 | - | -€2,642 | |
| Trade debts | 44 | €2,500 | - | -€2,500 | |
| Suppliers | 440/4 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €142 | - | -€142 | |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | -€719 | -€300 | +€419 | +58.3% |
| Operating profit (loss) | 9901 | -€1,103 | -€300 | +€804 | +72.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €80 | €101 | +€20 | +25.4% |
| Recurring financial charges | 65 | €80 | €101 | +€20 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,183 | -€400 | +€784 | +66.2% |
| Profit (loss) for the period | 9904 | -€1,183 | -€400 | +€784 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,183 | -€400 | +€784 | +66.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.