HEMALIE: 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.
HEMALIE
Largest movements
- Cash -€20,105
down €20,105 (-45.5%), from €44,166 to €24,061
mainly Receivables within one year (-€17,034) and Net result for the year (-€5,562)
- Receivables within one year +€17,034
up €17,034 (+80.2%), from €21,249 to €38,283
of which Trade receivables: +€17,117
- Tangible fixed assets -€3,265
down €3,265 (-5.7%), from €57,192 to €53,927
of which Plant, machinery and equipment: -€2,611
- Reserves -€5,562
down €5,562 (-4.9%), from €113,492 to €107,930
- Depreciation -€70,819
down €70,819 (-95.6%), from €74,084 to €3,265
- Gross operating margin +€2,080
up €2,080 (+56.3%), from -€3,694 to -€1,615
- Other operating charges -€220
down €220 (-28.8%), from €766 to €546
- Financial income -€85
down €85 (-84.8%), from €100 to €15
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 | €123,356 | €117,217 | -€6,139 | -5.0% |
| Fixed assets | 21/28 | €57,192 | €53,927 | -€3,265 | -5.7% |
| Tangible fixed assets | 22/27 | €57,192 | €53,927 | -€3,265 | -5.7% |
| Plant, machinery and equipment | 23 | €52,198 | €49,587 | -€2,611 | -5.0% |
| Furniture and vehicles | 24 | €4,995 | €4,340 | -€655 | -13.1% |
| Current assets | 29/58 | €66,164 | €63,290 | -€2,874 | -4.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €21,249 | €38,283 | +€17,034 | +80.2% |
| Trade receivables | 40 | €21,123 | €38,240 | +€17,117 | +81.0% |
| Other amounts receivable | 41 | €127 | €43 | -€83 | -65.7% |
| Cash at bank and in hand | 54/58 | €44,166 | €24,061 | -€20,105 | -45.5% |
| Deferred charges and accrued income | 490/1 | €749 | €946 | +€197 | +26.3% |
| Total equity and liabilities | 10/49 | €123,356 | €117,217 | -€6,139 | -5.0% |
| Equity | 10/15 | €118,492 | €112,930 | -€5,562 | -4.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €113,492 | €107,930 | -€5,562 | -4.9% |
| Distributable reserves | 133 | €113,492 | €107,930 | -€5,562 | -4.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,864 | €4,288 | -€577 | -11.9% |
| Amounts payable within one year | 42/48 | €4,864 | €4,288 | -€577 | -11.9% |
| Trade debts | 44 | €616 | €0 | -€616 | -100% |
| Suppliers | 440/4 | €616 | €0 | -€616 | -100% |
| Taxes, remuneration and social security | 45 | €111 | €0 | -€111 | -100% |
| Taxes | 450/3 | €111 | €0 | -€111 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,137 | €4,288 | +€150 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,084 | €3,265 | -€70,819 | -95.6% |
| Other operating charges | 640/8 | €766 | €546 | -€220 | -28.8% |
| Gross operating margin | 9900 | -€3,694 | -€1,615 | +€2,080 | +56.3% |
| Operating profit (loss) | 9901 | -€78,544 | -€5,425 | +€73,119 | +93.1% |
| Financial income | 75/76B | €100 | €15 | -€85 | -84.8% |
| Recurring financial income | 75 | €100 | €15 | -€85 | -84.8% |
| Financial charges | 65/66B | €125 | €152 | +€28 | +22.1% |
| Recurring financial charges | 65 | €125 | €152 | +€28 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | -€78,568 | -€5,562 | +€73,006 | +92.9% |
| Profit (loss) for the period | 9904 | -€78,568 | -€5,562 | +€73,006 | +92.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,568 | -€5,562 | +€73,006 | +92.9% |
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 25 October 2026 via checked.be.