HEMELGROEN: what changed
Two financial 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.
HEMELGROEN
Largest movements
- Receivables within one year +€16,550
up €16,550 (+806%), from €2,054 to €18,604
- Cash +€5,624
up €5,624 (+1,379%), from €408 to €6,032
mainly Other debts (+€23,462) and Net result for the year (+€16,537)
- Tangible fixed assets -€3,636
down €3,636 (-4.6%), from €79,354 to €75,717
of which Land and buildings: -€3,613
- Other debts +€23,462
up €23,462 (+46.2%), from €50,819 to €74,281
- Profit (loss) carried forward +€16,537
up €16,537 (+33.6%), from -€49,260 to -€32,724
- Debts after one year -€16,398
down €16,398 (-27.3%), from €59,957 to €43,559
- Current portion of long-term debt -€12,290
down €12,290 (-55.6%), from €22,096 to €9,806
- Tax, wage and social debts +€3,433
up €3,433 (+270%), from €1,270 to €4,703
- Gross operating margin +€6,547
up €6,547 (+26.2%), from €24,962 to €31,509
- Financial charges -€1,626
down €1,626 (-39.1%), from €4,154 to €2,528
- Other operating charges +€577
up €577 (+35.1%), from €1,644 to €2,221
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.
Derived cash bridge
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 | €95,332 | €113,472 | +€18,140 | +19.0% |
| Fixed assets | 21/28 | €82,170 | €78,533 | -€3,636 | -4.4% |
| Tangible fixed assets | 22/27 | €79,354 | €75,717 | -€3,636 | -4.6% |
| Land and buildings | 22 | €75,382 | €71,768 | -€3,613 | -4.8% |
| Plant, machinery and equipment | 23 | €2,159 | €1,580 | -€578 | -26.8% |
| Furniture and vehicles | 24 | €1,813 | €2,368 | +€555 | +30.6% |
| Financial fixed assets | 28 | €2,816 | €2,816 | = | 0.0% |
| Current assets | 29/58 | €13,163 | €34,939 | +€21,776 | +165% |
| Stocks and contracts in progress | 3 | €9,856 | €9,856 | = | 0.0% |
| Stocks | 30/36 | €9,856 | €9,856 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,054 | €18,604 | +€16,550 | +806% |
| Trade receivables | 40 | €2,054 | €18,604 | +€16,550 | +806% |
| Cash at bank and in hand | 54/58 | €408 | €6,032 | +€5,624 | +1,379% |
| Deferred charges and accrued income | 490/1 | €845 | €446 | -€399 | -47.2% |
| Total equity and liabilities | 10/49 | €95,332 | €113,472 | +€18,140 | +19.0% |
| Equity | 10/15 | -€41,200 | -€24,664 | +€16,537 | +40.1% |
| 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 | -€49,260 | -€32,724 | +€16,537 | +33.6% |
| Amounts payable | 17/49 | €136,532 | €138,136 | +€1,603 | +1.2% |
| Amounts payable after more than one year | 17 | €59,957 | €43,559 | -€16,398 | -27.3% |
| Financial debts | 170/4 | €59,957 | €43,559 | -€16,398 | -27.3% |
| Amounts payable within one year | 42/48 | €76,575 | €94,576 | +€18,001 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €22,096 | €9,806 | -€12,290 | -55.6% |
| Trade debts | 44 | €2,390 | €5,786 | +€3,396 | +142% |
| Suppliers | 440/4 | €2,390 | €5,786 | +€3,396 | +142% |
| Taxes, remuneration and social security | 45 | €1,270 | €4,703 | +€3,433 | +270% |
| Taxes | 450/3 | €1,270 | €4,703 | +€3,433 | +270% |
| Other amounts payable | 47/48 | €50,819 | €74,281 | +€23,462 | +46.2% |
| Remuneration, social security and pensions | 62 | €169 | - | -€169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,611 | €9,407 | -€204 | -2.1% |
| Other operating charges | 640/8 | €1,644 | €2,221 | +€577 | +35.1% |
| Non-recurring operating charges | 66A | - | €853 | +€853 | |
| Gross operating margin | 9900 | €24,962 | €31,509 | +€6,547 | +26.2% |
| Operating profit (loss) | 9901 | €13,539 | €19,029 | +€5,490 | +40.5% |
| Financial income | 75/76B | €3 | €250 | +€247 | +8,260% |
| Recurring financial income | 75 | €3 | €250 | +€247 | +8,260% |
| Financial charges | 65/66B | €4,154 | €2,528 | -€1,626 | -39.1% |
| Recurring financial charges | 65 | €4,154 | €2,528 | -€1,626 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €9,388 | €16,751 | +€7,363 | +78.4% |
| Income taxes | 67/77 | €215 | €214 | -€1 | -0.6% |
| Profit (loss) for the period | 9904 | €9,172 | €16,537 | +€7,364 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,172 | €16,537 | +€7,364 | +80.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.