HEMATHEM: 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.
HEMATHEM
Largest movements
- Cash +€78,270
up €78,270 (+73.2%), from €106,971 to €185,241
mainly Net result for the year (+€90,011) and Other debts (+€1,238)
- Receivables within one year +€5,081
up €5,081 (+24.7%), from €20,570 to €25,651
of which Trade receivables: +€2,624
- Deferred charges and accrued income +€3,095
new in 2025: €3,095
- Tangible fixed assets +€2,411
new in 2025: €2,411
- Profit (loss) carried forward +€90,011
up €90,011 (+93.1%), from €96,638 to €186,649
- Trade debts -€2,360
down €2,360 (-60.9%), from €3,876 to €1,516
- Gross operating margin -€9,727
down €9,727 (-7.8%), from €124,481 to €114,754
- Taxes -€2,040
down €2,040 (-7.3%), from €27,840 to €25,799
- Financial income +€1,738
up €1,738 (+2619.6%), from €66 to €1,804
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 | €127,541 | €216,398 | +€88,857 | +69.7% |
| Fixed assets | 21/28 | - | €2,411 | +€2,411 | |
| Tangible fixed assets | 22/27 | - | €2,411 | +€2,411 | |
| Furniture and vehicles | 24 | - | €2,411 | +€2,411 | |
| Current assets | 29/58 | €127,541 | €213,987 | +€86,446 | +67.8% |
| Amounts receivable within one year | 40/41 | €20,570 | €25,651 | +€5,081 | +24.7% |
| Trade receivables | 40 | €18,390 | €21,014 | +€2,624 | +14.3% |
| Other amounts receivable | 41 | €2,180 | €4,637 | +€2,457 | +112.7% |
| Cash at bank and in hand | 54/58 | €106,971 | €185,241 | +€78,270 | +73.2% |
| Deferred charges and accrued income | 490/1 | - | €3,095 | +€3,095 | |
| Total equity and liabilities | 10/49 | €127,541 | €216,398 | +€88,857 | +69.7% |
| Equity | 10/15 | €120,548 | €210,559 | +€90,011 | +74.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €17,910 | €17,910 | = | 0.0% |
| Distributable reserves | 133 | €17,910 | €17,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,638 | €186,649 | +€90,011 | +93.1% |
| Amounts payable | 17/49 | €6,993 | €5,839 | -€1,154 | -16.5% |
| Amounts payable within one year | 42/48 | €6,743 | €5,589 | -€1,154 | -17.1% |
| Trade debts | 44 | €3,876 | €1,516 | -€2,360 | -60.9% |
| Suppliers | 440/4 | €3,876 | €1,516 | -€2,360 | -60.9% |
| Taxes, remuneration and social security | 45 | €1,122 | €1,089 | -€32 | -2.9% |
| Taxes | 450/3 | €1,122 | €1,089 | -€32 | -2.9% |
| Other amounts payable | 47/48 | €1,745 | €2,984 | +€1,238 | +71.0% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €589 | +€589 | |
| Other operating charges | 640/8 | €64 | €64 | = | 0.0% |
| Gross operating margin | 9900 | €124,481 | €114,754 | -€9,727 | -7.8% |
| Operating profit (loss) | 9901 | €124,417 | €114,101 | -€10,316 | -8.3% |
| Financial income | 75/76B | €66 | €1,804 | +€1,738 | +2619.6% |
| Recurring financial income | 75 | €66 | €1,804 | +€1,738 | +2619.6% |
| Financial charges | 65/66B | €8 | €96 | +€88 | +1100.0% |
| Recurring financial charges | 65 | €8 | €96 | +€88 | +1100.0% |
| Profit (loss) for the period before taxes | 9903 | €124,476 | €115,810 | -€8,666 | -7.0% |
| Income taxes | 67/77 | €27,840 | €25,799 | -€2,040 | -7.3% |
| Profit (loss) for the period | 9904 | €96,636 | €90,011 | -€6,626 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,636 | €90,011 | -€6,626 | -6.9% |
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 29 September 2026 via checked.be.