HEMCOM: 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.
HEMCOM
Largest movements
- Receivables within one year +€89,104
up €89,104 (+27.9%), from €318,882 to €407,986
of which Other amounts receivable: +€138,628
- Cash -€39,246
down €39,246 (-37.9%), from €103,448 to €64,202
mainly Net result for the year (-€353,671) and Receivables within one year (-€89,104)
- Deferred charges and accrued income +€9,817
up €9,817 (+156.9%), from €6,257 to €16,074
- Tangible fixed assets -€8,706
down €8,706 (-57.7%), from €15,086 to €6,379
of which Furniture and vehicles: -€9,352
- Profit (loss) carried forward -€353,671
down €353,671, from €139,626 to -€214,045
- Other debts +€345,436
up €345,436 (+1109.2%), from €31,142 to €376,579
- Tax, wage and social debts +€69,671
up €69,671 (+43.8%), from €158,921 to €228,592
of which Remuneration and social security: +€72,072
- Trade debts -€10,468
down €10,468 (-5.5%), from €190,923 to €180,456
- Staff costs +€550,345
up €550,345 (+44.2%), from €1.2m to €1.8m
- Write-downs -€98,097
down €98,097, from €80,909 to -€17,188
- Gross operating margin +€59,250
up €59,250 (+4.3%), from €1.4m to €1.4m
- Taxes -€16,845
down €16,845, from €16,803 to -€42
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 | €528,673 | €579,642 | +€50,969 | +9.6% |
| Fixed assets | 21/28 | €100,086 | €91,379 | -€8,706 | -8.7% |
| Tangible fixed assets | 22/27 | €15,086 | €6,379 | -€8,706 | -57.7% |
| Plant, machinery and equipment | 23 | - | €646 | +€646 | |
| Furniture and vehicles | 24 | €15,086 | €5,734 | -€9,352 | -62.0% |
| Financial fixed assets | 28 | €85,000 | €85,000 | = | 0.0% |
| Current assets | 29/58 | €428,588 | €488,263 | +€59,675 | +13.9% |
| Amounts receivable within one year | 40/41 | €318,882 | €407,986 | +€89,104 | +27.9% |
| Trade receivables | 40 | €95,363 | €45,839 | -€49,524 | -51.9% |
| Other amounts receivable | 41 | €223,519 | €362,147 | +€138,628 | +62.0% |
| Cash at bank and in hand | 54/58 | €103,448 | €64,202 | -€39,246 | -37.9% |
| Deferred charges and accrued income | 490/1 | €6,257 | €16,074 | +€9,817 | +156.9% |
| Total equity and liabilities | 10/49 | €528,673 | €579,642 | +€50,969 | +9.6% |
| Equity | 10/15 | €147,686 | -€205,985 | -€353,671 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,626 | -€214,045 | -€353,671 | |
| Amounts payable | 17/49 | €380,987 | €785,627 | +€404,640 | +106.2% |
| Amounts payable within one year | 42/48 | €380,987 | €785,627 | +€404,640 | +106.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €190,923 | €180,456 | -€10,468 | -5.5% |
| Suppliers | 440/4 | €190,923 | €180,456 | -€10,468 | -5.5% |
| Taxes, remuneration and social security | 45 | €158,921 | €228,592 | +€69,671 | +43.8% |
| Taxes | 450/3 | €48,729 | €46,328 | -€2,401 | -4.9% |
| Remuneration and social security | 454/9 | €110,192 | €182,264 | +€72,072 | +65.4% |
| Other amounts payable | 47/48 | €31,142 | €376,579 | +€345,436 | +1109.2% |
| Remuneration, social security and pensions | 62 | €1,245,656 | €1,796,001 | +€550,345 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,131 | €9,585 | +€454 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €80,909 | -€17,188 | -€98,097 | |
| Other operating charges | 640/8 | €12,981 | €10,014 | -€2,967 | -22.9% |
| Gross operating margin | 9900 | €1,386,222 | €1,445,472 | +€59,250 | +4.3% |
| Operating profit (loss) | 9901 | €37,544 | -€352,940 | -€390,484 | |
| Financial income | 75/76B | €99 | €1 | -€98 | -99.2% |
| Recurring financial income | 75 | €99 | €1 | -€98 | -99.2% |
| Financial charges | 65/66B | €1,642 | €775 | -€868 | -52.8% |
| Recurring financial charges | 65 | €1,642 | €775 | -€868 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €36,001 | -€353,714 | -€389,715 | |
| Income taxes | 67/77 | €16,803 | -€42 | -€16,845 | |
| Profit (loss) for the period | 9904 | €19,198 | -€353,671 | -€372,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,198 | -€353,671 | -€372,869 |
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.