HEMA: 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.
HEMA
Largest movements
- Current investments +€87,000
up €87,000 (+4.2%), from €2.1m to €2.2m
- Reserves +€105,811
up €105,811 (+4.4%), from €2.4m to €2.5m
of which Distributable reserves: +€105,811
- Other debts -€27,003
no longer reported in 2025 (was €27,003)
- Other operating charges -€26,868
down €26,868 (-75.0%), from €35,809 to €8,941
- Financial income -€19,755
down €19,755 (-29.2%), from €67,599 to €47,844
- Taxes +€3,297
up €3,297 (+7.2%), from €46,082 to €49,379
- Gross operating margin +€3,248
up €3,248 (+2.9%), from €113,095 to €116,344
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 | €2,505,563 | €2,591,595 | +€86,031 | +3.4% |
| Fixed assets | 21/28 | €409,024 | €409,024 | = | 0.0% |
| Tangible fixed assets | 22/27 | €409,024 | €409,024 | = | 0.0% |
| Land and buildings | 22 | €409,024 | €409,024 | = | 0.0% |
| Current assets | 29/58 | €2,096,539 | €2,182,571 | +€86,031 | +4.1% |
| Current investments | 50/53 | €2,090,000 | €2,177,000 | +€87,000 | +4.2% |
| Cash at bank and in hand | 54/58 | €6,539 | €5,571 | -€969 | -14.8% |
| Total equity and liabilities | 10/49 | €2,505,563 | €2,591,595 | +€86,031 | +3.4% |
| Equity | 10/15 | €2,472,758 | €2,578,570 | +€105,811 | +4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,410,758 | €2,516,569 | +€105,811 | +4.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,404,558 | €2,510,369 | +€105,811 | +4.4% |
| Profit (loss) carried forward | 14 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €32,805 | €13,025 | -€19,780 | -60.3% |
| Amounts payable within one year | 42/48 | €32,805 | €13,025 | -€19,780 | -60.3% |
| Taxes, remuneration and social security | 45 | €5,802 | €13,025 | +€7,223 | +124.5% |
| Taxes | 450/3 | €2,802 | €11,025 | +€8,223 | +293.5% |
| Remuneration and social security | 454/9 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Other amounts payable | 47/48 | €27,003 | - | -€27,003 | |
| Other operating charges | 640/8 | €35,809 | €8,941 | -€26,868 | -75.0% |
| Gross operating margin | 9900 | €113,095 | €116,344 | +€3,248 | +2.9% |
| Operating profit (loss) | 9901 | €77,286 | €107,403 | +€30,117 | +39.0% |
| Financial income | 75/76B | €67,599 | €47,844 | -€19,755 | -29.2% |
| Recurring financial income | 75 | €67,599 | €47,844 | -€19,755 | -29.2% |
| Financial charges | 65/66B | €57 | €57 | = | 0.0% |
| Recurring financial charges | 65 | €57 | €57 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €144,828 | €155,190 | +€10,362 | +7.2% |
| Income taxes | 67/77 | €46,082 | €49,379 | +€3,297 | +7.2% |
| Profit (loss) for the period | 9904 | €98,746 | €105,811 | +€7,065 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,746 | €105,811 | +€7,065 | +7.2% |
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 2 October 2026 via checked.be.