HeMacc: 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.
HeMacc
Largest movements
- Cash +€71,930
up €71,930 (+236.4%), from €30,423 to €102,354
mainly Net result for the year (+€61,794) and Current investments (+€20,079)
- Current investments -€20,079
down €20,079 (-73.5%), from €27,321 to €7,243
- Tangible fixed assets -€11,512
down €11,512 (-16.8%), from €68,657 to €57,146
of which Furniture and vehicles: -€15,375
- Receivables within one year -€5,601
down €5,601 (-35.3%), from €15,851 to €10,250
- Deferred charges and accrued income -€2,137
down €2,137 (-62.3%), from €3,432 to €1,295
- Reserves +€61,794
up €61,794 (+99.9%), from €61,871 to €123,665
- Debts after one year -€31,829
no longer reported in 2025 (was €31,829)
- Tax, wage and social debts +€13,669
up €13,669 (+54.5%), from €25,098 to €38,767
- Current portion of long-term debt -€9,628
no longer reported in 2025 (was €9,628)
- Other debts -€4,049
down €4,049 (-80.3%), from €5,045 to €996
- Financial income +€15,184
up €15,184 (+38932.4%), from €39 to €15,223
- Gross operating margin +€7,183
up €7,183 (+9.6%), from €74,950 to €82,133
- Depreciation +€1,111
up €1,111 (+7.3%), from €15,196 to €16,308
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 | €145,935 | €178,537 | +€32,603 | +22.3% |
| Fixed assets | 21/28 | €68,907 | €57,396 | -€11,512 | -16.7% |
| Tangible fixed assets | 22/27 | €68,657 | €57,146 | -€11,512 | -16.8% |
| Land and buildings | 22 | - | €4,772 | +€4,772 | |
| Plant, machinery and equipment | 23 | €8,055 | €7,145 | -€909 | -11.3% |
| Furniture and vehicles | 24 | €60,603 | €45,228 | -€15,375 | -25.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €77,027 | €121,142 | +€44,114 | +57.3% |
| Amounts receivable within one year | 40/41 | €15,851 | €10,250 | -€5,601 | -35.3% |
| Trade receivables | 40 | €15,851 | €10,250 | -€5,601 | -35.3% |
| Current investments | 50/53 | €27,321 | €7,243 | -€20,079 | -73.5% |
| Cash at bank and in hand | 54/58 | €30,423 | €102,354 | +€71,930 | +236.4% |
| Deferred charges and accrued income | 490/1 | €3,432 | €1,295 | -€2,137 | -62.3% |
| Total equity and liabilities | 10/49 | €145,935 | €178,537 | +€32,603 | +22.3% |
| Equity | 10/15 | €70,271 | €132,065 | +€61,794 | +87.9% |
| Contributions | 10/11 | €8,400 | €8,400 | = | 0.0% |
| Reserves | 13 | €61,871 | €123,665 | +€61,794 | +99.9% |
| Distributable reserves | 133 | €61,871 | €123,665 | +€61,794 | +99.9% |
| Amounts payable | 17/49 | €75,664 | €46,472 | -€29,192 | -38.6% |
| Amounts payable after more than one year | 17 | €31,829 | - | -€31,829 | |
| Other amounts payable | 178/9 | €31,829 | - | -€31,829 | |
| Amounts payable within one year | 42/48 | €43,834 | €46,472 | +€2,638 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €9,628 | - | -€9,628 | |
| Trade debts | 44 | €4,064 | €6,710 | +€2,646 | +65.1% |
| Suppliers | 440/4 | €4,064 | €6,710 | +€2,646 | +65.1% |
| Taxes, remuneration and social security | 45 | €25,098 | €38,767 | +€13,669 | +54.5% |
| Taxes | 450/3 | €25,098 | €38,767 | +€13,669 | +54.5% |
| Other amounts payable | 47/48 | €5,045 | €996 | -€4,049 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,196 | €16,308 | +€1,111 | +7.3% |
| Other operating charges | 640/8 | €358 | €504 | +€146 | +40.9% |
| Gross operating margin | 9900 | €74,950 | €82,133 | +€7,183 | +9.6% |
| Operating profit (loss) | 9901 | €59,396 | €65,321 | +€5,925 | +10.0% |
| Financial income | 75/76B | €39 | €15,223 | +€15,184 | +38932.4% |
| Recurring financial income | 75 | €39 | €15,223 | +€15,184 | +38932.4% |
| Financial charges | 65/66B | €1,701 | €2,060 | +€359 | +21.1% |
| Recurring financial charges | 65 | €1,701 | €2,060 | +€359 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €57,735 | €78,484 | +€20,749 | +35.9% |
| Income taxes | 67/77 | €16,464 | €16,690 | +€226 | +1.4% |
| Profit (loss) for the period | 9904 | €41,270 | €61,794 | +€20,524 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,270 | €61,794 | +€20,524 | +49.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.