HEMALU: what changed
What changed
HEMALU
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€112,441
2024 · €140,587-€28,146
Equity
€698,172
2024 · €685,731+€12,441
Cash
€126,532
2024 · €357,449-€230,917
Balance sheet total
€1.0m
2024 · €1.1m-€50,378
Largest movements
Assets
- Cash -€230,917
down €230,917 (-64.6%), from €357,449 to €126,532
mainly Receivables within one year (-€156,097) and Trade debts (-€138,214)
- Receivables within one year +€156,097
up €156,097 (+42.6%), from €366,261 to €522,358
of which Trade receivables: +€167,032
- Stocks and contracts +€44,863
up €44,863 (+25.7%), from €174,566 to €219,429
- Tangible fixed assets -€27,729
down €27,729 (-20.1%), from €137,823 to €110,094
of which Plant, machinery and equipment: -€31,441
Equity and liabilities
- Trade debts -€138,214
down €138,214 (-70.9%), from €194,981 to €56,767
- Tax, wage and social debts +€71,105
up €71,105 (+93.5%), from €76,030 to €147,135
of which Taxes: +€38,176
- Reserves +€12,441
up €12,441 (+2.1%), from €585,731 to €598,172
of which Distributable reserves: +€12,441
Income statement
- Staff costs +€320,341
up €320,341 (+58.8%), from €544,623 to €864,964
- Gross operating margin +€289,416
up €289,416 (+37.4%), from €773,694 to €1.1m
- Financial charges -€12,828
down €12,828 (-27.7%), from €46,300 to €33,472
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€140,587
Gross operating margin
+€289,416
Staff costs
-€320,341
Depreciation
-€8,866
Write-downs
+€7,246
Other operating charges
-€96
Financial income
-€925
Financial charges
+€12,828
Taxes
-€7,406
Result 2025
€112,441
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€108,364
Investment
-€22,583
Financing
-€99,970
Cash 2024
€357,449
From operations (derived)
-€108,364
Net result for the year
+€112,441
Depreciation
+€48,187
Stocks and contracts
-€44,863
Receivables within one year
-€156,097
Deferred charges and accrued income
-€5,183
Trade debts
-€138,214
Tax, wage and social debts
+€71,105
Accrued charges and deferred income
+€4,259
Investment (derived)
-€22,583
Investment in fixed assets (net)
-€22,583
Financing
-€99,970
Debts after one year
-€3,270
Current portion of long-term debt
+€3,300
Contributions, distributions and other
-€100,000
Cash 2025
€126,532
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,072,039 | €1,021,661 | -€50,378 | -4.7% |
| Fixed assets | 21/28 | €158,539 | €132,935 | -€25,604 | -16.2% |
| Tangible fixed assets | 22/27 | €137,823 | €110,094 | -€27,729 | -20.1% |
| Land and buildings | 22 | €7,885 | €6,874 | -€1,011 | -12.8% |
| Plant, machinery and equipment | 23 | €61,364 | €29,923 | -€31,441 | -51.2% |
| Furniture and vehicles | 24 | €68,574 | €73,297 | +€4,723 | +6.9% |
| Financial fixed assets | 28 | €20,716 | €22,841 | +€2,125 | +10.3% |
| Current assets | 29/58 | €913,500 | €888,726 | -€24,774 | -2.7% |
| Stocks and contracts in progress | 3 | €174,566 | €219,429 | +€44,863 | +25.7% |
| Stocks | 30/36 | €174,566 | €219,429 | +€44,863 | +25.7% |
| Amounts receivable within one year | 40/41 | €366,261 | €522,358 | +€156,097 | +42.6% |
| Trade receivables | 40 | €355,256 | €522,288 | +€167,032 | +47.0% |
| Other amounts receivable | 41 | €11,006 | €70 | -€10,935 | -99.4% |
| Cash at bank and in hand | 54/58 | €357,449 | €126,532 | -€230,917 | -64.6% |
| Deferred charges and accrued income | 490/1 | €15,224 | €20,407 | +€5,183 | +34.0% |
| Total equity and liabilities | 10/49 | €1,072,039 | €1,021,661 | -€50,378 | -4.7% |
| Equity | 10/15 | €685,731 | €698,172 | +€12,441 | +1.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €585,731 | €598,172 | +€12,441 | +2.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €575,731 | €588,172 | +€12,441 | +2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €386,308 | €323,489 | -€62,820 | -16.3% |
| Amounts payable after more than one year | 17 | €36,378 | €33,107 | -€3,270 | -9.0% |
| Financial debts | 170/4 | €36,378 | €33,107 | -€3,270 | -9.0% |
| Amounts payable within one year | 42/48 | €349,931 | €286,123 | -€63,808 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €12,423 | €15,723 | +€3,300 | +26.6% |
| Trade debts | 44 | €194,981 | €56,767 | -€138,214 | -70.9% |
| Suppliers | 440/4 | €194,981 | €56,767 | -€138,214 | -70.9% |
| Taxes, remuneration and social security | 45 | €76,030 | €147,135 | +€71,105 | +93.5% |
| Taxes | 450/3 | €21,504 | €59,680 | +€38,176 | +178% |
| Remuneration and social security | 454/9 | €54,526 | €87,455 | +€32,929 | +60.4% |
| Other amounts payable | 47/48 | €66,497 | €66,497 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €4,259 | +€4,259 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €544,623 | €864,964 | +€320,341 | +58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,321 | €48,187 | +€8,866 | +22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,246 | €0 | -€7,246 | -100% |
| Other operating charges | 640/8 | €3,450 | €3,546 | +€96 | +2.8% |
| Gross operating margin | 9900 | €773,694 | €1,063,110 | +€289,416 | +37.4% |
| Operating profit (loss) | 9901 | €179,055 | €146,413 | -€32,642 | -18.2% |
| Financial income | 75/76B | €34,034 | €33,109 | -€925 | -2.7% |
| Recurring financial income | 75 | €34,034 | €33,109 | -€925 | -2.7% |
| Financial charges | 65/66B | €46,300 | €33,472 | -€12,828 | -27.7% |
| Recurring financial charges | 65 | €46,300 | €33,472 | -€12,828 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €166,789 | €146,050 | -€20,739 | -12.4% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €26,202 | €33,609 | +€7,406 | +28.3% |
| Profit (loss) for the period | 9904 | €140,587 | €112,441 | -€28,146 | -20.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €140,587 | €112,441 | -€28,146 | -20.0% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.