HEMARIK: 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.
HEMARIK
Largest movements
- Receivables within one year +€192,204
up €192,204 (+18,753%), from €1,025 to €193,229
of which Trade receivables: +€188,241
- Stocks and contracts -€6,356
no longer reported in 2025 (was €6,356)
- Profit (loss) carried forward +€95,652
no longer reported in 2025 (was -€95,652)
- Reserves +€81,136
up €81,136 (+718%), from €11,306 to €92,442
of which Distributable reserves: +€81,136
- Tax, wage and social debts +€7,562
up €7,562 (+1,372%), from €551 to €8,114
- Debts after one year -€7,506
no longer reported in 2025 (was €7,506)
- Trade debts +€4,973
up €4,973 (+48.9%), from €10,172 to €15,145
- Gross operating margin +€166,510
up €166,510 (+847%), from €19,667 to €186,177
- Taxes +€8,114
new in 2025: €8,114
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
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 | €8,506 | €193,289 | +€184,783 | +2,172% |
| Current assets | 29/58 | €8,506 | €193,289 | +€184,783 | +2,172% |
| Stocks and contracts in progress | 3 | €6,356 | - | -€6,356 | |
| Stocks | 30/36 | €6,356 | - | -€6,356 | |
| Amounts receivable within one year | 40/41 | €1,025 | €193,229 | +€192,204 | +18,753% |
| Trade receivables | 40 | €988 | €189,229 | +€188,241 | +19,052% |
| Other amounts receivable | 41 | €37 | €4,000 | +€3,963 | +10,747% |
| Cash at bank and in hand | 54/58 | €168 | €59 | -€109 | -64.6% |
| Deferred charges and accrued income | 490/1 | €957 | - | -€957 | |
| Total equity and liabilities | 10/49 | €8,506 | €193,289 | +€184,783 | +2,172% |
| Equity | 10/15 | -€9,977 | €166,811 | +€176,788 | |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €11,306 | €92,442 | +€81,136 | +718% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €3,869 | €85,006 | +€81,136 | +2,097% |
| Profit (loss) carried forward | 14 | -€95,652 | - | +€95,652 | |
| Amounts payable | 17/49 | €18,483 | €26,478 | +€7,995 | +43.3% |
| Amounts payable after more than one year | 17 | €7,506 | - | -€7,506 | |
| Other amounts payable | 178/9 | €7,506 | - | -€7,506 | |
| Amounts payable within one year | 42/48 | €10,977 | €26,467 | +€15,490 | +141% |
| Financial debts | 43 | €254 | €1,208 | +€954 | +375% |
| Credit institutions | 430/8 | €254 | €1,208 | +€954 | +375% |
| Trade debts | 44 | €10,172 | €15,145 | +€4,973 | +48.9% |
| Suppliers | 440/4 | €10,172 | €15,145 | +€4,973 | +48.9% |
| Taxes, remuneration and social security | 45 | €551 | €8,114 | +€7,562 | +1,372% |
| Taxes | 450/3 | €551 | €8,114 | +€7,562 | +1,372% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Other operating charges | 640/8 | €607 | €843 | +€237 | +39.0% |
| Gross operating margin | 9900 | €19,667 | €186,177 | +€166,510 | +847% |
| Operating profit (loss) | 9901 | €19,060 | €185,334 | +€166,273 | +872% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €287 | €433 | +€146 | +50.7% |
| Recurring financial charges | 65 | €287 | €433 | +€146 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €18,773 | €184,901 | +€166,128 | +885% |
| Income taxes | 67/77 | - | €8,114 | +€8,114 | |
| Profit (loss) for the period | 9904 | €18,773 | €176,788 | +€158,015 | +842% |
| Profit (loss) for the period to be appropriated | 9905 | €18,773 | €176,788 | +€158,015 | +842% |
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 18 October 2026 via checked.be.