HEMAR: what changed
HEMAR
Largest movements
- Deferred charges and accrued income -€3,170
down €3,170 (-49.1%), from €6,451 to €3,280
- Cash -€3,144
down €3,144 (-5.1%), from €62,227 to €59,083
mainly Contributions, distributions and other (-€39,746) and Net result for the year (-€7,288)
- Receivables within one year +€3,010
up €3,010 (+36.4%), from €8,262 to €11,271
of which Other amounts receivable: +€2,423
- Tangible fixed assets -€2,720
down €2,720 (-58.1%), from €4,684 to €1,965
of which Furniture and vehicles: -€1,718
- Stocks and contracts -€2,236
down €2,236 (-17.9%), from €12,479 to €10,243
- Reserves -€47,034
down €47,034 (-65.0%), from €72,388 to €25,354
of which Distributable reserves: -€47,034
- Other debts +€39,746
new in 2025: €39,746
- Financial charges -€2,932
down €2,932 (-63.9%), from €4,589 to €1,657
- Gross operating margin -€2,577
down €2,577 (-4.0%), from €64,084 to €61,506
- Staff costs +€2,557
up €2,557 (+4.3%), from €59,471 to €62,028
- Depreciation -€2,315
down €2,315 (-46.0%), from €5,035 to €2,720
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,395 | €101,134 | -€8,261 | -7.6% |
| Fixed assets | 21/28 | €4,977 | €2,257 | -€2,720 | -54.6% |
| Tangible fixed assets | 22/27 | €4,684 | €1,965 | -€2,720 | -58.1% |
| Land and buildings | 22 | €1,283 | €802 | -€481 | -37.5% |
| Plant, machinery and equipment | 23 | €737 | €217 | -€520 | -70.6% |
| Furniture and vehicles | 24 | €2,664 | €946 | -€1,718 | -64.5% |
| Financial fixed assets | 28 | €293 | €293 | = | 0.0% |
| Current assets | 29/58 | €104,418 | €98,877 | -€5,541 | -5.3% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,479 | €10,243 | -€2,236 | -17.9% |
| Stocks | 30/36 | €12,479 | €10,243 | -€2,236 | -17.9% |
| Amounts receivable within one year | 40/41 | €8,262 | €11,271 | +€3,010 | +36.4% |
| Trade receivables | 40 | €390 | €977 | +€587 | +151% |
| Other amounts receivable | 41 | €7,872 | €10,294 | +€2,423 | +30.8% |
| Cash at bank and in hand | 54/58 | €62,227 | €59,083 | -€3,144 | -5.1% |
| Deferred charges and accrued income | 490/1 | €6,451 | €3,280 | -€3,170 | -49.1% |
| Total equity and liabilities | 10/49 | €109,395 | €101,134 | -€8,261 | -7.6% |
| Equity | 10/15 | €90,980 | €43,946 | -€47,034 | -51.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €72,388 | €25,354 | -€47,034 | -65.0% |
| Tax-exempt reserves | 132 | €201 | €201 | = | 0.0% |
| Distributable reserves | 133 | €72,187 | €25,153 | -€47,034 | -65.2% |
| Amounts payable | 17/49 | €18,415 | €57,188 | +€38,773 | +211% |
| Amounts payable within one year | 42/48 | €18,415 | €57,188 | +€38,773 | +211% |
| Trade debts | 44 | €7,078 | €7,169 | +€91 | +1.3% |
| Suppliers | 440/4 | €7,078 | €7,169 | +€91 | +1.3% |
| Taxes, remuneration and social security | 45 | €11,338 | €10,274 | -€1,064 | -9.4% |
| Taxes | 450/3 | €9,726 | €8,732 | -€994 | -10.2% |
| Remuneration and social security | 454/9 | €1,611 | €1,542 | -€69 | -4.3% |
| Other amounts payable | 47/48 | - | €39,746 | +€39,746 | |
| Remuneration, social security and pensions | 62 | €59,471 | €62,028 | +€2,557 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,035 | €2,720 | -€2,315 | -46.0% |
| Other operating charges | 640/8 | €2,220 | €2,423 | +€203 | +9.2% |
| Gross operating margin | 9900 | €64,084 | €61,506 | -€2,577 | -4.0% |
| Operating profit (loss) | 9901 | -€2,641 | -€5,664 | -€3,023 | -114% |
| Financial income | 75/76B | €725 | €262 | -€463 | -63.9% |
| Recurring financial income | 75 | €725 | €262 | -€463 | -63.9% |
| Financial charges | 65/66B | €4,589 | €1,657 | -€2,932 | -63.9% |
| Recurring financial charges | 65 | €4,589 | €1,657 | -€2,932 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,505 | -€7,059 | -€554 | -8.5% |
| Income taxes | 67/77 | €108 | €229 | +€121 | +112% |
| Profit (loss) for the period | 9904 | -€6,613 | -€7,288 | -€675 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,613 | -€7,288 | -€675 | -10.2% |
Next steps
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.