HEMELINCKX MAZOUT: 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.
HEMELINCKX MAZOUT
Largest movements
- Receivables within one year -€171,172
down €171,172 (-4.6%), from €3.7m to €3.6m
of which Trade receivables: -€154,683
- Stocks and contracts +€58,345
up €58,345 (+27.2%), from €214,425 to €272,770
- Trade debts -€306,270
down €306,270 (-10.3%), from €3.0m to €2.7m
- Reserves +€182,509
up €182,509 (+40.1%), from €455,391 to €637,899
- Tax, wage and social debts +€53,829
up €53,829 (+435%), from €12,366 to €66,195
of which Taxes: +€53,811
- Other debts -€48,863
down €48,863 (-9.5%), from €511,951 to €463,089
- Gross operating margin +€161,921
up €161,921 (+97.1%), from €166,788 to €328,709
- Other operating charges -€160,909
down €160,909 (-94.6%), from €170,115 to €9,206
- Write-downs +€159,193
up €159,193, from -€114,958 to €44,235
- Taxes +€55,695
up €55,695 (+729%), from €7,638 to €63,333
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 | €4,018,940 | €3,885,897 | -€133,043 | -3.3% |
| Fixed assets | 21/28 | €43,938 | €28,600 | -€15,338 | -34.9% |
| Tangible fixed assets | 22/27 | €43,869 | €28,530 | -€15,338 | -35.0% |
| Plant, machinery and equipment | 23 | €2,588 | €3,657 | +€1,069 | +41.3% |
| Furniture and vehicles | 24 | €40,581 | €24,874 | -€15,707 | -38.7% |
| Other tangible fixed assets | 26 | €700 | €0 | -€700 | -100% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €3,975,002 | €3,857,297 | -€117,705 | -3.0% |
| Stocks and contracts in progress | 3 | €214,425 | €272,770 | +€58,345 | +27.2% |
| Stocks | 30/36 | €214,425 | €272,770 | +€58,345 | +27.2% |
| Amounts receivable within one year | 40/41 | €3,739,119 | €3,567,947 | -€171,172 | -4.6% |
| Trade receivables | 40 | €3,708,393 | €3,553,710 | -€154,683 | -4.2% |
| Other amounts receivable | 41 | €30,726 | €14,237 | -€16,488 | -53.7% |
| Cash at bank and in hand | 54/58 | €20,763 | €15,852 | -€4,911 | -23.7% |
| Deferred charges and accrued income | 490/1 | €695 | €728 | +€33 | +4.8% |
| Total equity and liabilities | 10/49 | €4,018,940 | €3,885,897 | -€133,043 | -3.3% |
| Equity | 10/15 | €473,991 | €656,499 | +€182,509 | +38.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €455,391 | €637,899 | +€182,509 | +40.1% |
| Distributable reserves | 133 | €455,391 | €637,899 | +€182,509 | +40.1% |
| Amounts payable | 17/49 | €3,544,949 | €3,229,398 | -€315,552 | -8.9% |
| Amounts payable after more than one year | 17 | €23,975 | €9,625 | -€14,351 | -59.9% |
| Financial debts | 170/4 | €23,975 | €9,625 | -€14,351 | -59.9% |
| Amounts payable within one year | 42/48 | €3,520,974 | €3,219,773 | -€301,201 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €14,248 | €14,351 | +€103 | +0.7% |
| Trade debts | 44 | €2,982,409 | €2,676,138 | -€306,270 | -10.3% |
| Suppliers | 440/4 | €2,982,409 | €2,676,138 | -€306,270 | -10.3% |
| Taxes, remuneration and social security | 45 | €12,366 | €66,195 | +€53,829 | +435% |
| Taxes | 450/3 | €9,077 | €62,888 | +€53,811 | +593% |
| Remuneration and social security | 454/9 | €3,289 | €3,307 | +€18 | +0.5% |
| Other amounts payable | 47/48 | €511,951 | €463,089 | -€48,863 | -9.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,827 | €16,934 | +€108 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€114,958 | €44,235 | +€159,193 | |
| Other operating charges | 640/8 | €170,115 | €9,206 | -€160,909 | -94.6% |
| Gross operating margin | 9900 | €166,788 | €328,709 | +€161,921 | +97.1% |
| Operating profit (loss) | 9901 | €94,804 | €258,333 | +€163,529 | +172% |
| Financial income | 75/76B | €257 | €148 | -€109 | -42.5% |
| Recurring financial income | 75 | €257 | €148 | -€109 | -42.5% |
| Financial charges | 65/66B | €13,704 | €12,638 | -€1,066 | -7.8% |
| Recurring financial charges | 65 | €13,704 | €12,638 | -€1,066 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €81,356 | €245,842 | +€164,486 | +202% |
| Income taxes | 67/77 | €7,638 | €63,333 | +€55,695 | +729% |
| Profit (loss) for the period | 9904 | €73,718 | €182,509 | +€108,791 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €73,718 | €182,509 | +€108,791 | +148% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.