HEMAR CONSULTING: 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.
HEMAR CONSULTING
Largest movements
- Tangible fixed assets -€238,039
down €238,039 (-99.4%), from €239,500 to €1,461
of which Other tangible fixed assets: -€238,089
- Receivables within one year +€128,092
up €128,092 (+93.7%), from €136,693 to €264,785
of which Trade receivables: +€263,999
- Stocks and contracts -€17,383
no longer reported in 2025 (was €17,383)
- Debts after one year -€124,456
no longer reported in 2025 (was €124,456)
- Profit (loss) carried forward +€52,184
up €52,184 (+58.4%), from €89,380 to €141,564
- Current portion of long-term debt -€41,710
down €41,710 (-66.9%), from €62,322 to €20,612
- Other debts +€25,783
new in 2025: €25,783
- Trade debts -€21,460
down €21,460 (-61.5%), from €34,919 to €13,459
- Gross operating margin +€30,278
up €30,278 (+43.1%), from €70,312 to €100,590
- Taxes +€10,527
up €10,527 (+101%), from €10,471 to €20,998
- Depreciation -€6,806
down €6,806 (-26.9%), from €25,320 to €18,514
- Financial charges -€2,312
down €2,312 (-23.8%), from €9,715 to €7,403
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,225 | €266,921 | -€130,304 | -32.8% |
| Fixed assets | 21/28 | €240,175 | €2,136 | -€238,039 | -99.1% |
| Tangible fixed assets | 22/27 | €239,500 | €1,461 | -€238,039 | -99.4% |
| Plant, machinery and equipment | 23 | €1,169 | €234 | -€935 | -80.0% |
| Furniture and vehicles | 24 | €242 | €1,227 | +€985 | +407% |
| Other tangible fixed assets | 26 | €238,089 | - | -€238,089 | |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €157,050 | €264,785 | +€107,735 | +68.6% |
| Stocks and contracts in progress | 3 | €17,383 | - | -€17,383 | |
| Stocks | 30/36 | €17,383 | - | -€17,383 | |
| Amounts receivable within one year | 40/41 | €136,693 | €264,785 | +€128,092 | +93.7% |
| Trade receivables | 40 | €786 | €264,785 | +€263,999 | +33,588% |
| Other amounts receivable | 41 | €135,907 | - | -€135,907 | |
| Deferred charges and accrued income | 490/1 | €2,974 | - | -€2,974 | |
| Total equity and liabilities | 10/49 | €397,225 | €266,921 | -€130,304 | -32.8% |
| Equity | 10/15 | €116,880 | €169,064 | +€52,184 | +44.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,380 | €141,564 | +€52,184 | +58.4% |
| Amounts payable | 17/49 | €280,345 | €97,857 | -€182,488 | -65.1% |
| Amounts payable after more than one year | 17 | €124,456 | - | -€124,456 | |
| Financial debts | 170/4 | €124,456 | - | -€124,456 | |
| Amounts payable within one year | 42/48 | €155,889 | €97,857 | -€58,032 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €62,322 | €20,612 | -€41,710 | -66.9% |
| Financial debts | 43 | €23,271 | €5,587 | -€17,684 | -76.0% |
| Credit institutions | 430/8 | €23,271 | €5,587 | -€17,684 | -76.0% |
| Trade debts | 44 | €34,919 | €13,459 | -€21,460 | -61.5% |
| Suppliers | 440/4 | €34,919 | €13,459 | -€21,460 | -61.5% |
| Taxes, remuneration and social security | 45 | €35,377 | €32,416 | -€2,961 | -8.4% |
| Taxes | 450/3 | €35,377 | €32,416 | -€2,961 | -8.4% |
| Other amounts payable | 47/48 | - | €25,783 | +€25,783 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,320 | €18,514 | -€6,806 | -26.9% |
| Other operating charges | 640/8 | €2,119 | €1,492 | -€627 | -29.6% |
| Gross operating margin | 9900 | €70,312 | €100,590 | +€30,278 | +43.1% |
| Operating profit (loss) | 9901 | €42,873 | €80,584 | +€37,711 | +88.0% |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €9,715 | €7,403 | -€2,312 | -23.8% |
| Recurring financial charges | 65 | €9,715 | €7,403 | -€2,312 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €33,159 | €73,182 | +€40,023 | +121% |
| Income taxes | 67/77 | €10,471 | €20,998 | +€10,527 | +101% |
| Profit (loss) for the period | 9904 | €22,688 | €52,184 | +€29,496 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €22,688 | €52,184 | +€29,496 | +130% |
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 26 October 2026 via checked.be.