HEMCOR: 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.
What changed
HEMCOR
NACE 46.231, Wholesale of live animals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€230,710
2024 · -€140,951-€89,758
Equity
€2.2m
2024 · €2.5m-€230,710
Cash
€73,940
2024 · €61,010+€12,930
Balance sheet total
€9.6m
2024 · €9.7m-€96,696
Largest movements
Assets
- Intangible fixed assets -€150,000
down €150,000 (-57.1%), from €262,500 to €112,500
Equity and liabilities
- Other debts +€859,755
up €859,755 (+43.2%), from €2.0m to €2.8m
- Debts after one year -€727,231
down €727,231 (-17.7%), from €4.1m to €3.4m
- Profit (loss) carried forward -€230,710
down €230,710 (-163.7%), from -€140,951 to -€371,661
Income statement
- Turnover -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Financial charges +€52,776
up €52,776 (+90.0%), from €58,658 to €111,434
- Other operating income +€35,000
new in 2025: €35,000
- Financial income +€4,580
new in 2025: €4,580
- Services and other goods +€1,528
up €1,528 (+28.0%), from €5,466 to €6,994
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.
Result 2024
-€140,951
Turnover
-€75,000
Other operating income
+€35,000
Services and other goods
-€1,528
Other operating charges
-€35
Financial income
+€4,580
Financial charges
-€52,776
Result 2025
-€230,710
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.
From operations
+€740,161
Investment
€0
Financing
-€727,231
Cash 2024
€61,010
From operations (derived)
+€740,161
Net result for the year
-€230,710
Depreciation
+€150,719
Receivables within one year
-€41,094
Trade debts
+€1,489
Other debts
+€859,755
Financing
-€727,231
Debts after one year
-€727,231
Cash 2025
€73,940
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,675,679 | €9,578,983 | -€96,696 | -1.0% |
| Formation expenses | 20 | €1,079 | €360 | -€719 | -66.7% |
| Fixed assets | 21/28 | €8,964,000 | €8,814,000 | -€150,000 | -1.7% |
| Intangible fixed assets | 21 | €262,500 | €112,500 | -€150,000 | -57.1% |
| Financial fixed assets | 28 | €8,701,500 | €8,701,500 | = | 0.0% |
| Affiliated companies | 280/1 | €8,700,000 | €8,700,000 | = | 0.0% |
| Participating interests | 280 | €8,700,000 | €8,700,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €1,500 | €1,500 | = | 0.0% |
| Participating interests | 282 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €710,600 | €764,624 | +€54,023 | +7.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €549,590 | €590,684 | +€41,094 | +7.5% |
| Trade receivables | 40 | €75,000 | €110,320 | +€35,320 | +47.1% |
| Other amounts receivable | 41 | €474,590 | €480,364 | +€5,773 | +1.2% |
| Cash at bank and in hand | 54/58 | €61,010 | €73,940 | +€12,930 | +21.2% |
| Total equity and liabilities | 10/49 | €9,675,679 | €9,578,983 | -€96,696 | -1.0% |
| Equity | 10/15 | €2,476,922 | €2,246,212 | -€230,710 | -9.3% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €117,873 | €117,873 | = | 0.0% |
| Distributable reserves | 133 | €117,873 | €117,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,951 | -€371,661 | -€230,710 | -163.7% |
| Amounts payable | 17/49 | €7,198,757 | €7,332,771 | +€134,014 | +1.9% |
| Amounts payable after more than one year | 17 | €4,116,591 | €3,389,361 | -€727,231 | -17.7% |
| Financial debts | 170/4 | €4,116,591 | €3,389,361 | -€727,231 | -17.7% |
| Subordinated loans | 170 | €1,565,625 | €1,584,375 | +€18,750 | +1.2% |
| Credit institutions | 173 | €2,250,000 | €1,500,000 | -€750,000 | -33.3% |
| Other loans | 174 | €300,966 | €304,986 | +€4,019 | +1.3% |
| Amounts payable within one year | 42/48 | €3,082,166 | €3,943,411 | +€861,245 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €750,000 | €750,000 | = | 0.0% |
| Trade debts | 44 | €341,954 | €343,443 | +€1,489 | +0.4% |
| Suppliers | 440/4 | €341,954 | €343,443 | +€1,489 | +0.4% |
| Other amounts payable | 47/48 | €1,990,212 | €2,849,967 | +€859,755 | +43.2% |
| Operating income | 70/76A | €75,000 | €35,000 | -€40,000 | -53.3% |
| Turnover | 70 | €75,000 | €0 | -€75,000 | -100.0% |
| Other operating income | 74 | - | €35,000 | +€35,000 | |
| Operating charges | 60/66A | €157,294 | €158,856 | +€1,563 | +1.0% |
| Services and other goods | 61 | €5,466 | €6,994 | +€1,528 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,719 | €150,719 | = | 0.0% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Operating profit (loss) | 9901 | -€82,294 | -€123,856 | -€41,563 | -50.5% |
| Financial income | 75/76B | - | €4,580 | +€4,580 | |
| Recurring financial income | 75 | - | €4,580 | +€4,580 | |
| Income from current assets | 751 | - | €4,580 | +€4,580 | |
| Financial charges | 65/66B | €58,658 | €111,434 | +€52,776 | +90.0% |
| Recurring financial charges | 65 | €58,658 | €111,434 | +€52,776 | +90.0% |
| Debt charges | 650 | €58,147 | €110,926 | +€52,779 | +90.8% |
| Other financial charges | 652/9 | €511 | €508 | -€3 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€140,951 | -€230,710 | -€89,758 | -63.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Taxes | 670/3 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€140,951 | -€230,710 | -€89,758 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€140,951 | -€230,710 | -€89,758 | -63.7% |
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.