HEMACO BELGIUM: 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.
HEMACO BELGIUM
Largest movements
- Receivables within one year -€10,445
down €10,445 (-71.5%), from €14,600 to €4,155
of which Trade receivables: -€10,445
- Tangible fixed assets -€3,144
down €3,144 (-25.8%), from €12,179 to €9,035
- Stocks and contracts +€2,791
up €2,791 (+3.7%), from €76,004 to €78,794
- Cash -€2,157
down €2,157 (-14.4%), from €14,931 to €12,774
mainly Trade debts (-€9,040) and Net result for the year (-€3,347)
- Deferred charges and accrued income -€1,978
no longer reported in 2025 (was €1,978)
- Trade debts -€9,040
down €9,040 (-74.8%), from €12,082 to €3,042
- Profit (loss) carried forward -€3,347
down €3,347, from €519 to -€2,828
- Tax, wage and social debts -€2,008
down €2,008 (-88.6%), from €2,268 to €259
- Current portion of long-term debt -€1,960
no longer reported in 2025 (was €1,960)
- Other debts +€1,422
up €1,422 (+25.8%), from €5,513 to €6,935
- Gross operating margin -€3,837
down €3,837, from €3,814 to -€23
- Other operating charges -€350
down €350 (-83.9%), from €417 to €67
- Financial income +€197
up €197 (+421%), from €47 to €244
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.
Derived cash bridge
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 | €119,691 | €104,758 | -€14,933 | -12.5% |
| Fixed assets | 21/28 | €12,179 | €9,035 | -€3,144 | -25.8% |
| Tangible fixed assets | 22/27 | €12,179 | €9,035 | -€3,144 | -25.8% |
| Land and buildings | 22 | €2,928 | €1,629 | -€1,299 | -44.4% |
| Furniture and vehicles | 24 | €2,207 | €1,624 | -€583 | -26.4% |
| Other tangible fixed assets | 26 | €7,044 | €5,782 | -€1,262 | -17.9% |
| Current assets | 29/58 | €107,512 | €95,723 | -€11,789 | -11.0% |
| Stocks and contracts in progress | 3 | €76,004 | €78,794 | +€2,791 | +3.7% |
| Stocks | 30/36 | €76,004 | €78,794 | +€2,791 | +3.7% |
| Amounts receivable within one year | 40/41 | €14,600 | €4,155 | -€10,445 | -71.5% |
| Trade receivables | 40 | €14,595 | €4,150 | -€10,445 | -71.6% |
| Other amounts receivable | 41 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,931 | €12,774 | -€2,157 | -14.4% |
| Deferred charges and accrued income | 490/1 | €1,978 | - | -€1,978 | |
| Total equity and liabilities | 10/49 | €119,691 | €104,758 | -€14,933 | -12.5% |
| Equity | 10/15 | €97,868 | €94,521 | -€3,347 | -3.4% |
| Contributions | 10/11 | €10,400 | €10,400 | = | 0.0% |
| Reserves | 13 | €86,949 | €86,949 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,589 | €55,589 | = | 0.0% |
| Distributable reserves | 133 | €29,500 | €29,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €519 | -€2,828 | -€3,347 | |
| Amounts payable | 17/49 | €21,823 | €10,237 | -€11,586 | -53.1% |
| Amounts payable within one year | 42/48 | €21,823 | €10,237 | -€11,586 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €1,960 | - | -€1,960 | |
| Trade debts | 44 | €12,082 | €3,042 | -€9,040 | -74.8% |
| Suppliers | 440/4 | €12,082 | €3,042 | -€9,040 | -74.8% |
| Taxes, remuneration and social security | 45 | €2,268 | €259 | -€2,008 | -88.6% |
| Taxes | 450/3 | €2,268 | €259 | -€2,008 | -88.6% |
| Other amounts payable | 47/48 | €5,513 | €6,935 | +€1,422 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,125 | €3,144 | +€19 | +0.6% |
| Other operating charges | 640/8 | €417 | €67 | -€350 | -83.9% |
| Gross operating margin | 9900 | €3,814 | -€23 | -€3,837 | |
| Operating profit (loss) | 9901 | €272 | -€3,235 | -€3,507 | |
| Financial income | 75/76B | €47 | €244 | +€197 | +421% |
| Recurring financial income | 75 | €47 | €244 | +€197 | +421% |
| Financial charges | 65/66B | €357 | €347 | -€9 | -2.6% |
| Recurring financial charges | 65 | €357 | €347 | -€9 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€37 | -€3,339 | -€3,301 | -8,836% |
| Income taxes | 67/77 | - | €8 | +€8 | |
| Profit (loss) for the period | 9904 | -€37 | -€3,347 | -€3,310 | -8,859% |
| Profit (loss) for the period to be appropriated | 9905 | -€37 | -€3,347 | -€3,310 | -8,859% |
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 26 October 2026 via checked.be.