HEMAR: 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.
HEMAR
Largest movements
- Current investments +€248,000
new in 2025: €248,000
- Cash -€207,433
down €207,433 (-77.9%), from €266,313 to €58,880
mainly Current investments (-€248,000) and Contributions, distributions and other (-€50,000)
- Receivables after one year -€42,000
no longer reported in 2025 (was €42,000)
- Tangible fixed assets -€6,674
down €6,674 (-16.6%), from €40,130 to €33,456
of which Land and buildings: -€4,527
- Receivables within one year +€3,854
up €3,854 (+131.2%), from €2,937 to €6,790
- Other debts +€50,000
new in 2025: €50,000
- Reserves -€49,013
down €49,013 (-20.5%), from €239,567 to €190,554
- Tax, wage and social debts -€4,864
down €4,864 (-91.8%), from €5,300 to €435
- Gross operating margin -€15,650
down €15,650 (-80.9%), from €19,335 to €3,685
- Taxes -€7,683
down €7,683 (-88.9%), from €8,641 to €959
- Financial income -€6,735
down €6,735 (-49.3%), from €13,672 to €6,937
- Financial charges -€1,350
down €1,350 (-92.5%), from €1,460 to €110
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 | €362,744 | €357,824 | -€4,921 | -1.4% |
| Fixed assets | 21/28 | €40,412 | €33,456 | -€6,956 | -17.2% |
| Tangible fixed assets | 22/27 | €40,130 | €33,456 | -€6,674 | -16.6% |
| Land and buildings | 22 | €37,983 | €33,456 | -€4,527 | -11.9% |
| Plant, machinery and equipment | 23 | €2,147 | - | -€2,147 | |
| Financial fixed assets | 28 | €283 | - | -€283 | |
| Current assets | 29/58 | €322,332 | €324,368 | +€2,036 | +0.6% |
| Amounts receivable after more than one year | 29 | €42,000 | - | -€42,000 | |
| Other amounts receivable | 291 | €42,000 | - | -€42,000 | |
| Amounts receivable within one year | 40/41 | €2,937 | €6,790 | +€3,854 | +131.2% |
| Other amounts receivable | 41 | €2,937 | €6,790 | +€3,854 | +131.2% |
| Current investments | 50/53 | - | €248,000 | +€248,000 | |
| Cash at bank and in hand | 54/58 | €266,313 | €58,880 | -€207,433 | -77.9% |
| Deferred charges and accrued income | 490/1 | €11,082 | €10,697 | -€386 | -3.5% |
| Total equity and liabilities | 10/49 | €362,744 | €357,824 | -€4,921 | -1.4% |
| Equity | 10/15 | €355,793 | €306,779 | -€49,013 | -13.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €239,567 | €190,554 | -€49,013 | -20.5% |
| Distributable reserves | 133 | €239,567 | €190,554 | -€49,013 | -20.5% |
| Profit (loss) carried forward | 14 | €110,028 | €110,028 | = | 0.0% |
| Amounts payable | 17/49 | €6,952 | €51,044 | +€44,092 | +634.3% |
| Amounts payable within one year | 42/48 | €6,952 | €51,044 | +€44,092 | +634.3% |
| Trade debts | 44 | €1,652 | €609 | -€1,043 | -63.1% |
| Suppliers | 440/4 | €1,652 | €609 | -€1,043 | -63.1% |
| Taxes, remuneration and social security | 45 | €5,300 | €435 | -€4,864 | -91.8% |
| Taxes | 450/3 | €5,300 | €435 | -€4,864 | -91.8% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,674 | €6,674 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,813 | €1,893 | +€80 | +4.4% |
| Gross operating margin | 9900 | €19,335 | €3,685 | -€15,650 | -80.9% |
| Operating profit (loss) | 9901 | €10,848 | -€4,882 | -€15,730 | |
| Financial income | 75/76B | €13,672 | €6,937 | -€6,735 | -49.3% |
| Recurring financial income | 75 | €13,672 | €6,937 | -€6,735 | -49.3% |
| Financial charges | 65/66B | €1,460 | €110 | -€1,350 | -92.5% |
| Recurring financial charges | 65 | €1,460 | €110 | -€1,350 | -92.5% |
| Profit (loss) for the period before taxes | 9903 | €23,061 | €1,946 | -€21,115 | -91.6% |
| Income taxes | 67/77 | €8,641 | €959 | -€7,683 | -88.9% |
| Profit (loss) for the period | 9904 | €14,419 | €987 | -€13,432 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,419 | €987 | -€13,432 | -93.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.