Hemel: 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.
Hemel
Largest movements
- Cash +€51,826
up €51,826 (+63.9%), from €81,065 to €132,891
mainly Net result for the year (+€67,110) and Depreciation (+€49,296)
- Tangible fixed assets +€35,695
up €35,695 (+58.3%), from €61,246 to €96,941
of which Leasing and similar rights: +€31,253
- Receivables within one year -€3,927
down €3,927 (-7.9%), from €49,910 to €45,983
of which Trade receivables: -€4,059
- Reserves +€52,110
up €52,110 (+39.5%), from €132,001 to €184,111
- Debts after one year +€24,849
up €24,849 (+452.2%), from €5,495 to €30,343
- Tax, wage and social debts +€6,724
up €6,724 (+49.4%), from €13,615 to €20,338
of which Taxes: +€6,724
- Current portion of long-term debt +€3,750
up €3,750 (+28.4%), from €13,206 to €16,957
- Gross operating margin +€37,334
up €37,334 (+34.3%), from €108,985 to €146,319
- Taxes +€10,092
up €10,092 (+62.6%), from €16,123 to €26,215
- Staff costs -€9,094
down €9,094 (-100.0%), from €9,094 to €0
- Depreciation +€9,035
up €9,035 (+22.4%), from €40,261 to €49,296
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 | €203,984 | €290,501 | +€86,517 | +42.4% |
| Fixed assets | 21/28 | €72,116 | €108,861 | +€36,745 | +51.0% |
| Tangible fixed assets | 22/27 | €61,246 | €96,941 | +€35,695 | +58.3% |
| Plant, machinery and equipment | 23 | €60,720 | €65,688 | +€4,968 | +8.2% |
| Furniture and vehicles | 24 | €526 | €0 | -€526 | -100.0% |
| Leasing and similar rights | 25 | - | €31,253 | +€31,253 | |
| Financial fixed assets | 28 | €10,870 | €11,920 | +€1,050 | +9.7% |
| Current assets | 29/58 | €131,867 | €181,640 | +€49,773 | +37.7% |
| Amounts receivable within one year | 40/41 | €49,910 | €45,983 | -€3,927 | -7.9% |
| Trade receivables | 40 | €45,218 | €41,159 | -€4,059 | -9.0% |
| Other amounts receivable | 41 | €4,692 | €4,825 | +€132 | +2.8% |
| Cash at bank and in hand | 54/58 | €81,065 | €132,891 | +€51,826 | +63.9% |
| Deferred charges and accrued income | 490/1 | €893 | €2,765 | +€1,873 | +209.8% |
| Total equity and liabilities | 10/49 | €203,984 | €290,501 | +€86,517 | +42.4% |
| Equity | 10/15 | €151,833 | €203,943 | +€52,110 | +34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,001 | €184,111 | +€52,110 | +39.5% |
| Distributable reserves | 133 | €132,001 | €184,111 | +€52,110 | +39.5% |
| Profit (loss) carried forward | 14 | €1,232 | €1,232 | = | 0.0% |
| Amounts payable | 17/49 | €52,151 | €86,558 | +€34,408 | +66.0% |
| Amounts payable after more than one year | 17 | €5,495 | €30,343 | +€24,849 | +452.2% |
| Financial debts | 170/4 | €5,495 | €30,343 | +€24,849 | +452.2% |
| Amounts payable within one year | 42/48 | €46,656 | €56,215 | +€9,559 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €13,206 | €16,957 | +€3,750 | +28.4% |
| Trade debts | 44 | €19,786 | €18,896 | -€890 | -4.5% |
| Suppliers | 440/4 | €19,786 | €18,896 | -€890 | -4.5% |
| Taxes, remuneration and social security | 45 | €13,615 | €20,338 | +€6,724 | +49.4% |
| Taxes | 450/3 | €13,615 | €20,338 | +€6,724 | +49.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €49 | €24 | -€25 | -50.4% |
| Non-recurring operating income | 76A | €57 | €331 | +€274 | +480.7% |
| Remuneration, social security and pensions | 62 | €9,094 | €0 | -€9,094 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,261 | €49,296 | +€9,035 | +22.4% |
| Other operating charges | 640/8 | €2,373 | €1,356 | -€1,017 | -42.9% |
| Non-recurring operating charges | 66A | €479 | €194 | -€285 | -59.6% |
| Gross operating margin | 9900 | €108,985 | €146,319 | +€37,334 | +34.3% |
| Operating profit (loss) | 9901 | €56,779 | €95,474 | +€38,695 | +68.2% |
| Financial income | 75/76B | €42 | €77 | +€35 | +82.9% |
| Recurring financial income | 75 | €42 | €77 | +€35 | +82.9% |
| Financial charges | 65/66B | €1,457 | €2,226 | +€769 | +52.8% |
| Recurring financial charges | 65 | €1,457 | €2,226 | +€769 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €55,364 | €93,325 | +€37,961 | +68.6% |
| Income taxes | 67/77 | €16,123 | €26,215 | +€10,092 | +62.6% |
| Profit (loss) for the period | 9904 | €39,241 | €67,110 | +€27,869 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,241 | €67,110 | +€27,869 | +71.0% |
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 6 October 2026 via checked.be.