HEMCE CONSULT: 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.
HEMCE CONSULT
Largest movements
- Cash -€142,719
down €142,719 (-41.3%), from €345,871 to €203,153
mainly Contributions, distributions and other (-€2.5m) and Receivables within one year (-€18,990)
- Profit (loss) carried forward -€152,447
down €152,447 (-3.8%), from €4.1m to €3.9m
- Financial income +€1.0m
up €1.0m (+78.7%), from €1.3m to €2.3m
- Gross operating margin -€239,353
down €239,353 (-63.4%), from €377,306 to €137,953
- Financial charges -€22,376
down €22,376 (-93.7%), from €23,879 to €1,503
- Taxes +€9,213
up €9,213 (+9.5%), from €96,760 to €105,973
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 | €5,525,632 | €5,396,723 | -€128,908 | -2.3% |
| Fixed assets | 21/28 | €3,088,124 | €3,082,944 | -€5,180 | -0.2% |
| Tangible fixed assets | 22/27 | €162,961 | €157,782 | -€5,180 | -3.2% |
| Land and buildings | 22 | €162,081 | €157,341 | -€4,740 | -2.9% |
| Plant, machinery and equipment | 23 | €880 | €440 | -€440 | -50.0% |
| Financial fixed assets | 28 | €2,925,163 | €2,925,163 | = | 0.0% |
| Current assets | 29/58 | €2,437,508 | €2,313,779 | -€123,729 | -5.1% |
| Amounts receivable within one year | 40/41 | €41 | €19,031 | +€18,990 | +46635.6% |
| Trade receivables | 40 | - | €18,990 | +€18,990 | |
| Other amounts receivable | 41 | €41 | €41 | = | 0.0% |
| Current investments | 50/53 | €2,091,596 | €2,091,596 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €345,871 | €203,153 | -€142,719 | -41.3% |
| Total equity and liabilities | 10/49 | €5,525,632 | €5,396,723 | -€128,908 | -2.3% |
| Equity | 10/15 | €5,257,456 | €5,105,009 | -€152,447 | -2.9% |
| Contributions | 10/11 | €1,067,000 | €1,067,000 | = | 0.0% |
| Outside capital | 11 | €1,067,000 | €1,067,000 | = | 0.0% |
| Share premium | 1100/10 | €1,067,000 | €1,067,000 | = | 0.0% |
| Reserves | 13 | €128,480 | €128,480 | = | 0.0% |
| Non-distributable reserves | 130/1 | €106,700 | €106,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €106,700 | €106,700 | = | 0.0% |
| Distributable reserves | 133 | €21,780 | €21,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,061,976 | €3,909,529 | -€152,447 | -3.8% |
| Amounts payable | 17/49 | €268,176 | €291,715 | +€23,538 | +8.8% |
| Amounts payable within one year | 42/48 | €268,176 | €291,715 | +€23,538 | +8.8% |
| Trade debts | 44 | €2,233 | €749 | -€1,485 | -66.5% |
| Suppliers | 440/4 | €2,233 | €749 | -€1,485 | -66.5% |
| Taxes, remuneration and social security | 45 | €8,265 | €7,676 | -€589 | -7.1% |
| Taxes | 450/3 | €8,265 | €7,676 | -€589 | -7.1% |
| Other amounts payable | 47/48 | €257,678 | €283,290 | +€25,612 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,180 | €5,180 | = | 0.0% |
| Other operating charges | 640/8 | €4,250 | €4,516 | +€266 | +6.3% |
| Gross operating margin | 9900 | €377,306 | €137,953 | -€239,353 | -63.4% |
| Operating profit (loss) | 9901 | €367,875 | €128,257 | -€239,619 | -65.1% |
| Financial income | 75/76B | €1,302,343 | €2,326,772 | +€1.0m | +78.7% |
| Recurring financial income | 75 | €1,302,343 | €2,326,772 | +€1.0m | +78.7% |
| Financial charges | 65/66B | €23,879 | €1,503 | -€22,376 | -93.7% |
| Recurring financial charges | 65 | €23,879 | €1,503 | -€22,376 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €1,646,339 | €2,453,526 | +€807,187 | +49.0% |
| Income taxes | 67/77 | €96,760 | €105,973 | +€9,213 | +9.5% |
| Profit (loss) for the period | 9904 | €1,549,579 | €2,347,553 | +€797,974 | +51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,549,579 | €2,347,553 | +€797,974 | +51.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.