HEMACON: 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.
HEMACON
Largest movements
- Financial fixed assets +€2.4m
up €2.4m (+37.5%), from €6.4m to €8.8m
- Other debts +€2.7m
up €2.7m (+686.6%), from €396,962 to €3.1m
- Debts after one year -€596,742
down €596,742 (-17.6%), from €3.4m to €2.8m
- Profit (loss) carried forward +€223,401
up €223,401 (+18.0%), from €1.2m to €1.5m
- Financial income -€283,000
down €283,000 (-48.4%), from €585,000 to €302,000
- Gross operating margin -€124,562
down €124,562, from €115,437 to -€9,124
- Taxes -€7,958
down €7,958 (-100.0%), from €7,958 to €0
- Financial charges -€6,469
down €6,469 (-8.7%), from €74,029 to €67,560
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 | €6,521,913 | €8,913,593 | +€2.4m | +36.7% |
| Formation expenses | 20 | €963 | €481 | -€481 | -50.0% |
| Fixed assets | 21/28 | €6,400,000 | €8,800,000 | +€2.4m | +37.5% |
| Financial fixed assets | 28 | €6,400,000 | €8,800,000 | +€2.4m | +37.5% |
| Current assets | 29/58 | €120,950 | €113,111 | -€7,839 | -6.5% |
| Amounts receivable within one year | 40/41 | €47,706 | €47,121 | -€585 | -1.2% |
| Trade receivables | 40 | €21,552 | €30,950 | +€9,398 | +43.6% |
| Other amounts receivable | 41 | €26,154 | €16,171 | -€9,983 | -38.2% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,826 | €57,711 | -€5,115 | -8.1% |
| Deferred charges and accrued income | 490/1 | €10,418 | €8,280 | -€2,138 | -20.5% |
| Total equity and liabilities | 10/49 | €6,521,913 | €8,913,593 | +€2.4m | +36.7% |
| Equity | 10/15 | €2,041,916 | €2,265,317 | +€223,401 | +10.9% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,241,916 | €1,465,317 | +€223,401 | +18.0% |
| Amounts payable | 17/49 | €4,479,997 | €6,648,276 | +€2.2m | +48.4% |
| Amounts payable after more than one year | 17 | €3,397,477 | €2,800,735 | -€596,742 | -17.6% |
| Financial debts | 170/4 | €3,397,477 | €2,800,735 | -€596,742 | -17.6% |
| Amounts payable within one year | 42/48 | €1,079,539 | €3,815,541 | +€2.7m | +253.4% |
| Current portion of amounts payable after more than one year | 42 | €590,198 | €596,742 | +€6,543 | +1.1% |
| Trade debts | 44 | €72,827 | €96,457 | +€23,630 | +32.4% |
| Suppliers | 440/4 | €72,827 | €96,457 | +€23,630 | +32.4% |
| Taxes, remuneration and social security | 45 | €19,552 | €0 | -€19,552 | -100.0% |
| Taxes | 450/3 | €19,552 | €0 | -€19,552 | -100.0% |
| Other amounts payable | 47/48 | €396,962 | €3,122,343 | +€2.7m | +686.6% |
| Accrued charges and deferred income | 492/3 | €2,981 | €32,000 | +€29,019 | +973.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €481 | = | 0.0% |
| Other operating charges | 640/8 | €1,391 | €1,434 | +€43 | +3.1% |
| Gross operating margin | 9900 | €115,437 | -€9,124 | -€124,562 | |
| Operating profit (loss) | 9901 | €113,565 | -€11,040 | -€124,605 | |
| Financial income | 75/76B | €585,000 | €302,000 | -€283,000 | -48.4% |
| Recurring financial income | 75 | €585,000 | €302,000 | -€283,000 | -48.4% |
| Financial charges | 65/66B | €74,029 | €67,560 | -€6,469 | -8.7% |
| Recurring financial charges | 65 | €74,029 | €67,560 | -€6,469 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €624,536 | €223,401 | -€401,135 | -64.2% |
| Income taxes | 67/77 | €7,958 | €0 | -€7,958 | -100.0% |
| Profit (loss) for the period | 9904 | €616,578 | €223,401 | -€393,178 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €616,578 | €223,401 | -€393,178 | -63.8% |
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.