HEMAKI: 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.
HEMAKI
Largest movements
- Cash -€133
down €133 (-20.5%), from €647 to €514
mainly Net result for the year (-€2,790)
- Tangible fixed assets -€114
no longer reported in 2025 (was €114)
- Profit (loss) carried forward -€2,790
down €2,790 (-5.3%), from -€53,043 to -€55,833
- Other debts +€2,000
up €2,000 (+6.0%), from €33,175 to €35,175
- Trade debts +€544
up €544 (+67.0%), from €812 to €1,356
- Depreciation -€1,416
down €1,416 (-92.6%), from €1,530 to €114
- Gross operating margin -€1,301
down €1,301 (-124.5%), from -€1,045 to -€2,345
- Financial charges -€36
down €36 (-16.3%), from €224 to €187
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 | €760 | €514 | -€246 | -32.4% |
| Fixed assets | 21/28 | €114 | - | -€114 | |
| Tangible fixed assets | 22/27 | €114 | - | -€114 | |
| Furniture and vehicles | 24 | €114 | - | -€114 | |
| Current assets | 29/58 | €647 | €514 | -€133 | -20.5% |
| Cash at bank and in hand | 54/58 | €647 | €514 | -€133 | -20.5% |
| Total equity and liabilities | 10/49 | €760 | €514 | -€246 | -32.4% |
| Equity | 10/15 | -€33,227 | -€36,017 | -€2,790 | -8.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,224 | €1,224 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,224 | €1,224 | = | 0.0% |
| Legal reserve | 130 | €1,224 | €1,224 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,043 | -€55,833 | -€2,790 | -5.3% |
| Amounts payable | 17/49 | €33,987 | €36,531 | +€2,544 | +7.5% |
| Amounts payable within one year | 42/48 | €33,987 | €36,531 | +€2,544 | +7.5% |
| Trade debts | 44 | €812 | €1,356 | +€544 | +67.0% |
| Suppliers | 440/4 | €812 | €1,356 | +€544 | +67.0% |
| Other amounts payable | 47/48 | €33,175 | €35,175 | +€2,000 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,530 | €114 | -€1,416 | -92.6% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | -€1,045 | -€2,345 | -€1,301 | -124.5% |
| Operating profit (loss) | 9901 | -€2,715 | -€2,603 | +€112 | +4.1% |
| Financial charges | 65/66B | €224 | €187 | -€36 | -16.3% |
| Recurring financial charges | 65 | €224 | €187 | -€36 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,938 | -€2,790 | +€148 | +5.0% |
| Profit (loss) for the period | 9904 | -€2,938 | -€2,790 | +€148 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,938 | -€2,790 | +€148 | +5.0% |
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 10 October 2026 via checked.be.