HEMELRIJK: 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.
HEMELRIJK
Largest movements
- Receivables within one year +€25,965
up €25,965 (+1,077%), from €2,410 to €28,375
- Cash +€22,723
up €22,723 (+758%), from €2,996 to €25,720
mainly Short-term financial debts (+€45,360) and Tax, wage and social debts (+€12,958)
- Stocks and contracts +€20,735
up €20,735 (+6.8%), from €303,467 to €324,202
- Tangible fixed assets -€7,447
down €7,447 (-21.9%), from €33,998 to €26,551
of which Furniture and vehicles: -€4,629
- Short-term financial debts +€45,360
up €45,360 (+26.6%), from €170,292 to €215,652
of which Credit institutions: +€215,632
- Tax, wage and social debts +€12,958
up €12,958 (+125%), from €10,366 to €23,324
of which Remuneration and social security: +€9,023
- Gross operating margin +€51,906
up €51,906 (+31.3%), from €166,009 to €217,915
- Staff costs +€7,256
up €7,256 (+3.9%), from €184,533 to €191,789
- Financial charges +€3,762
up €3,762 (+31.9%), from €11,804 to €15,565
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 | €347,737 | €410,774 | +€63,037 | +18.1% |
| Fixed assets | 21/28 | €33,998 | €26,551 | -€7,447 | -21.9% |
| Tangible fixed assets | 22/27 | €33,998 | €26,551 | -€7,447 | -21.9% |
| Plant, machinery and equipment | 23 | €11,580 | €8,762 | -€2,818 | -24.3% |
| Furniture and vehicles | 24 | €22,418 | €17,789 | -€4,629 | -20.6% |
| Current assets | 29/58 | €313,739 | €384,223 | +€70,484 | +22.5% |
| Stocks and contracts in progress | 3 | €303,467 | €324,202 | +€20,735 | +6.8% |
| Stocks | 30/36 | €303,467 | €324,202 | +€20,735 | +6.8% |
| Amounts receivable within one year | 40/41 | €2,410 | €28,375 | +€25,965 | +1,077% |
| Trade receivables | 40 | €2,410 | €28,375 | +€25,965 | +1,077% |
| Cash at bank and in hand | 54/58 | €2,996 | €25,720 | +€22,723 | +758% |
| Deferred charges and accrued income | 490/1 | €4,866 | €5,927 | +€1,060 | +21.8% |
| Total equity and liabilities | 10/49 | €347,737 | €410,774 | +€63,037 | +18.1% |
| Equity | 10/15 | €139,285 | €141,203 | +€1,918 | +1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,834 | €120,752 | +€1,918 | +1.6% |
| Amounts payable | 17/49 | €208,452 | €269,571 | +€61,119 | +29.3% |
| Amounts payable within one year | 42/48 | €197,015 | €254,134 | +€57,119 | +29.0% |
| Financial debts | 43 | €170,292 | €215,652 | +€45,360 | +26.6% |
| Credit institutions | 430/8 | €20 | €215,652 | +€215,632 | +1,079,240% |
| Other loans | 439 | €170,272 | - | -€170,272 | |
| Trade debts | 44 | €15,725 | €14,525 | -€1,200 | -7.6% |
| Suppliers | 440/4 | €15,725 | €14,525 | -€1,200 | -7.6% |
| Taxes, remuneration and social security | 45 | €10,366 | €23,324 | +€12,958 | +125% |
| Taxes | 450/3 | €7,139 | €11,074 | +€3,936 | +55.1% |
| Remuneration and social security | 454/9 | €3,227 | €12,250 | +€9,023 | +280% |
| Other amounts payable | 47/48 | €633 | €633 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €11,437 | €15,437 | +€4,000 | +35.0% |
| Remuneration, social security and pensions | 62 | €184,533 | €191,789 | +€7,256 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,917 | €7,447 | -€470 | -5.9% |
| Other operating charges | 640/8 | €940 | €1,196 | +€256 | +27.2% |
| Gross operating margin | 9900 | €166,009 | €217,915 | +€51,906 | +31.3% |
| Operating profit (loss) | 9901 | -€27,381 | €17,483 | +€44,865 | |
| Financial charges | 65/66B | €11,804 | €15,565 | +€3,762 | +31.9% |
| Recurring financial charges | 65 | €11,804 | €15,565 | +€3,762 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | -€39,185 | €1,918 | +€41,103 | |
| Profit (loss) for the period | 9904 | -€39,185 | €1,918 | +€41,103 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,185 | €1,918 | +€41,103 |
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 26 October 2026 via checked.be.