Hemelhoeve: 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.
Hemelhoeve
Largest movements
- Tangible fixed assets +€107,878
up €107,878 (+12.9%), from €834,128 to €942,006
of which Plant, machinery and equipment: +€107,445
- Cash +€57,040
up €57,040 (+86.3%), from €66,126 to €123,166
mainly Depreciation (+€140,297) and Trade debts (+€135,893)
- Intangible fixed assets -€36,000
down €36,000 (-4.1%), from €869,508 to €833,508
- Trade debts +€135,893
up €135,893 (+52.8%), from €257,193 to €393,085
- Profit (loss) carried forward -€114,019
down €114,019 (-114.9%), from -€99,258 to -€213,277
- Debts after one year +€75,961
up €75,961 (+7.7%), from €986,138 to €1.1m
- Other debts +€40,046
up €40,046, from €0 to €40,046
- Tax, wage and social debts -€27,232
down €27,232 (-28.5%), from €95,515 to €68,284
of which Taxes: -€39,196
- Gross operating margin -€144,355
down €144,355 (-15.2%), from €952,701 to €808,346
- Staff costs +€123,107
up €123,107 (+20.0%), from €614,769 to €737,877
- Depreciation -€15,434
down €15,434 (-9.9%), from €155,731 to €140,297
- Financial charges -€9,732
down €9,732 (-19.7%), from €49,371 to €39,638
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 | €1,900,110 | €2,006,729 | +€106,619 | +5.6% |
| Fixed assets | 21/28 | €1,706,380 | €1,778,372 | +€71,992 | +4.2% |
| Intangible fixed assets | 21 | €869,508 | €833,508 | -€36,000 | -4.1% |
| Tangible fixed assets | 22/27 | €834,128 | €942,006 | +€107,878 | +12.9% |
| Land and buildings | 22 | €716,968 | €680,094 | -€36,874 | -5.1% |
| Plant, machinery and equipment | 23 | €18,660 | €126,105 | +€107,445 | +575.8% |
| Furniture and vehicles | 24 | €98,500 | €135,807 | +€37,307 | +37.9% |
| Financial fixed assets | 28 | €2,744 | €2,858 | +€114 | +4.2% |
| Current assets | 29/58 | €193,730 | €228,357 | +€34,627 | +17.9% |
| Stocks and contracts in progress | 3 | €90,117 | €81,401 | -€8,716 | -9.7% |
| Stocks | 30/36 | €90,117 | €81,401 | -€8,716 | -9.7% |
| Amounts receivable within one year | 40/41 | €35,075 | €17,936 | -€17,140 | -48.9% |
| Trade receivables | 40 | €6,554 | €0 | -€6,554 | -100.0% |
| Other amounts receivable | 41 | €28,521 | €17,936 | -€10,586 | -37.1% |
| Cash at bank and in hand | 54/58 | €66,126 | €123,166 | +€57,040 | +86.3% |
| Deferred charges and accrued income | 490/1 | €2,411 | €5,854 | +€3,443 | +142.8% |
| Total equity and liabilities | 10/49 | €1,900,110 | €2,006,729 | +€106,619 | +5.6% |
| Equity | 10/15 | €742 | -€113,277 | -€114,019 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,258 | -€213,277 | -€114,019 | -114.9% |
| Amounts payable | 17/49 | €1,899,368 | €2,120,006 | +€220,638 | +11.6% |
| Amounts payable after more than one year | 17 | €986,138 | €1,062,099 | +€75,961 | +7.7% |
| Financial debts | 170/4 | €986,138 | €1,062,099 | +€75,961 | +7.7% |
| Amounts payable within one year | 42/48 | €576,056 | €732,733 | +€156,677 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €140,803 | €156,567 | +€15,764 | +11.2% |
| Financial debts | 43 | €82,545 | €74,751 | -€7,794 | -9.4% |
| Credit institutions | 430/8 | €82,545 | €74,751 | -€7,794 | -9.4% |
| Trade debts | 44 | €257,193 | €393,085 | +€135,893 | +52.8% |
| Suppliers | 440/4 | €257,193 | €393,085 | +€135,893 | +52.8% |
| Taxes, remuneration and social security | 45 | €95,515 | €68,284 | -€27,232 | -28.5% |
| Taxes | 450/3 | €55,279 | €16,083 | -€39,196 | -70.9% |
| Remuneration and social security | 454/9 | €40,236 | €52,200 | +€11,964 | +29.7% |
| Other amounts payable | 47/48 | €0 | €40,046 | +€40,046 | |
| Accrued charges and deferred income | 492/3 | €337,175 | €325,175 | -€12,000 | -3.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €614,769 | €737,877 | +€123,107 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,731 | €140,297 | -€15,434 | -9.9% |
| Other operating charges | 640/8 | €3,425 | €4,280 | +€855 | +25.0% |
| Gross operating margin | 9900 | €952,701 | €808,346 | -€144,355 | -15.2% |
| Operating profit (loss) | 9901 | €178,776 | -€74,108 | -€252,883 | |
| Financial income | 75/76B | €5,982 | €166 | -€5,817 | -97.2% |
| Recurring financial income | 75 | €5,982 | €166 | -€5,817 | -97.2% |
| Financial charges | 65/66B | €49,371 | €39,638 | -€9,732 | -19.7% |
| Recurring financial charges | 65 | €49,371 | €39,638 | -€9,732 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €135,388 | -€113,580 | -€248,968 | |
| Income taxes | 67/77 | €546 | €439 | -€108 | -19.7% |
| Profit (loss) for the period | 9904 | €134,841 | -€114,019 | -€248,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €134,841 | -€114,019 | -€248,860 |
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 9 October 2026 via checked.be.