HEMANI: what changed
Two fiscal 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.
HEMANI
Largest movements
- Tangible fixed assets +€608,404
up €608,404 (+264.0%), from €230,458 to €838,862
of which Plant, machinery and equipment: +€462,302
- Current investments -€161,000
down €161,000 (-12.8%), from €1.3m to €1.1m
- Deferred charges and accrued income -€45,664
down €45,664 (-62.5%), from €73,044 to €27,380
- Debts after one year +€344,383
up €344,383 (+713.7%), from €48,252 to €392,635
- Reserves -€195,717
down €195,717 (-11.8%), from €1.7m to €1.5m
of which Distributable reserves: -€195,717
- Trade debts +€108,521
up €108,521 (+12.3%), from €881,651 to €990,172
- Current portion of long-term debt +€97,466
up €97,466 (+228.5%), from €42,655 to €140,121
- Other debts +€48,920
new in 2025: €48,920
- Financial income +€63,825
up €63,825 (+561.6%), from €11,365 to €75,189
- Gross operating margin +€50,010
up €50,010 (+7.3%), from €683,023 to €733,032
- Staff costs +€49,788
up €49,788 (+6.9%), from €723,824 to €773,612
- Depreciation +€26,714
up €26,714 (+30.1%), from €88,683 to €115,397
- Financial charges +€8,503
up €8,503 (+35.0%), from €24,308 to €32,811
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 | €2,802,280 | €3,222,688 | +€420,408 | +15.0% |
| Fixed assets | 21/28 | €230,458 | €838,862 | +€608,404 | +264.0% |
| Tangible fixed assets | 22/27 | €230,458 | €838,862 | +€608,404 | +264.0% |
| Plant, machinery and equipment | 23 | €157,299 | €619,601 | +€462,302 | +293.9% |
| Furniture and vehicles | 24 | €52,543 | €39,091 | -€13,453 | -25.6% |
| Other tangible fixed assets | 26 | €20,615 | €180,170 | +€159,555 | +774.0% |
| Current assets | 29/58 | €2,571,823 | €2,383,826 | -€187,996 | -7.3% |
| Stocks and contracts in progress | 3 | €541,478 | €535,001 | -€6,476 | -1.2% |
| Stocks | 30/36 | €541,478 | €535,001 | -€6,476 | -1.2% |
| Amounts receivable within one year | 40/41 | €214,261 | €227,660 | +€13,399 | +6.3% |
| Trade receivables | 40 | €177,062 | €188,182 | +€11,120 | +6.3% |
| Other amounts receivable | 41 | €37,199 | €39,478 | +€2,279 | +6.1% |
| Current investments | 50/53 | €1,260,386 | €1,099,386 | -€161,000 | -12.8% |
| Cash at bank and in hand | 54/58 | €482,654 | €494,399 | +€11,745 | +2.4% |
| Deferred charges and accrued income | 490/1 | €73,044 | €27,380 | -€45,664 | -62.5% |
| Total equity and liabilities | 10/49 | €2,802,280 | €3,222,688 | +€420,408 | +15.0% |
| Equity | 10/15 | €1,722,937 | €1,527,220 | -€195,717 | -11.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,660,937 | €1,465,220 | -€195,717 | -11.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,654,737 | €1,459,020 | -€195,717 | -11.8% |
| Amounts payable | 17/49 | €1,079,343 | €1,695,468 | +€616,125 | +57.1% |
| Amounts payable after more than one year | 17 | €48,252 | €392,635 | +€344,383 | +713.7% |
| Financial debts | 170/4 | €48,252 | €392,635 | +€344,383 | +713.7% |
| Amounts payable within one year | 42/48 | €1,030,676 | €1,302,405 | +€271,729 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €42,655 | €140,121 | +€97,466 | +228.5% |
| Trade debts | 44 | €881,651 | €990,172 | +€108,521 | +12.3% |
| Suppliers | 440/4 | €881,651 | €990,172 | +€108,521 | +12.3% |
| Taxes, remuneration and social security | 45 | €106,371 | €123,191 | +€16,820 | +15.8% |
| Taxes | 450/3 | €14,597 | €15,629 | +€1,032 | +7.1% |
| Remuneration and social security | 454/9 | €91,774 | €107,562 | +€15,788 | +17.2% |
| Other amounts payable | 47/48 | - | €48,920 | +€48,920 | |
| Accrued charges and deferred income | 492/3 | €415 | €428 | +€14 | +3.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €723,824 | €773,612 | +€49,788 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,683 | €115,397 | +€26,714 | +30.1% |
| Other operating charges | 640/8 | €8,630 | €9,995 | +€1,365 | +15.8% |
| Non-recurring operating charges | 66A | - | €72,042 | +€72,042 | |
| Gross operating margin | 9900 | €683,023 | €733,032 | +€50,010 | +7.3% |
| Operating profit (loss) | 9901 | -€138,114 | -€238,013 | -€99,899 | -72.3% |
| Financial income | 75/76B | €11,365 | €75,189 | +€63,825 | +561.6% |
| Recurring financial income | 75 | €11,365 | €75,189 | +€63,825 | +561.6% |
| Financial charges | 65/66B | €24,308 | €32,811 | +€8,503 | +35.0% |
| Recurring financial charges | 65 | €24,308 | €32,811 | +€8,503 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | -€151,057 | -€195,635 | -€44,577 | -29.5% |
| Income taxes | 67/77 | €88 | €83 | -€5 | -6.1% |
| Profit (loss) for the period | 9904 | -€151,145 | -€195,717 | -€44,572 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€151,145 | -€195,717 | -€44,572 | -29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.