HEMEN: 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.
HEMEN
Largest movements
- Receivables within one year +€135,478
up €135,478 (+94.6%), from €143,199 to €278,677
of which Trade receivables: +€125,188
- Cash -€89,705
down €89,705 (-90.8%), from €98,775 to €9,070
mainly Receivables within one year (-€135,478) and Trade debts (-€8,434)
- Tangible fixed assets -€17,342
down €17,342 (-35.2%), from €49,203 to €31,861
of which Furniture and vehicles: -€16,828
- Profit (loss) carried forward +€28,110
up €28,110 (+10.9%), from €258,070 to €286,181
- Trade debts -€8,434
down €8,434 (-59.8%), from €14,094 to €5,659
- Tax, wage and social debts +€6,562
up €6,562 (+20.6%), from €31,800 to €38,362
of which Taxes: +€9,412
- Gross operating margin -€22,838
down €22,838 (-18.1%), from €125,905 to €103,067
- Staff costs +€12,956
up €12,956 (+44.8%), from €28,921 to €41,877
- Taxes -€11,658
down €11,658 (-46.9%), from €24,869 to €13,212
- Depreciation +€5,138
up €5,138 (+31.3%), from €16,407 to €21,545
- Financial income -€2,632
down €2,632 (-31.0%), from €8,498 to €5,867
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 | €327,424 | €353,662 | +€26,238 | +8.0% |
| Fixed assets | 21/28 | €50,228 | €32,886 | -€17,342 | -34.5% |
| Tangible fixed assets | 22/27 | €49,203 | €31,861 | -€17,342 | -35.2% |
| Plant, machinery and equipment | 23 | €4,322 | €3,198 | -€1,124 | -26.0% |
| Furniture and vehicles | 24 | €43,244 | €26,416 | -€16,828 | -38.9% |
| Other tangible fixed assets | 26 | €1,638 | €2,248 | +€610 | +37.2% |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €277,195 | €320,776 | +€43,580 | +15.7% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €143,199 | €278,677 | +€135,478 | +94.6% |
| Trade receivables | 40 | €1,259 | €126,447 | +€125,188 | +9,940% |
| Other amounts receivable | 41 | €141,940 | €152,230 | +€10,291 | +7.3% |
| Cash at bank and in hand | 54/58 | €98,775 | €9,070 | -€89,705 | -90.8% |
| Deferred charges and accrued income | 490/1 | €10,221 | €8,028 | -€2,194 | -21.5% |
| Total equity and liabilities | 10/49 | €327,424 | €353,662 | +€26,238 | +8.0% |
| Equity | 10/15 | €278,530 | €306,641 | +€28,110 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,070 | €286,181 | +€28,110 | +10.9% |
| Amounts payable | 17/49 | €48,893 | €47,021 | -€1,873 | -3.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €45,893 | €44,021 | -€1,873 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,094 | €5,659 | -€8,434 | -59.8% |
| Suppliers | 440/4 | €14,094 | €5,659 | -€8,434 | -59.8% |
| Taxes, remuneration and social security | 45 | €31,800 | €38,362 | +€6,562 | +20.6% |
| Taxes | 450/3 | €25,354 | €34,767 | +€9,412 | +37.1% |
| Remuneration and social security | 454/9 | €6,446 | €3,595 | -€2,851 | -44.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €28,921 | €41,877 | +€12,956 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,407 | €21,545 | +€5,138 | +31.3% |
| Other operating charges | 640/8 | €2,249 | €2,448 | +€199 | +8.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €125,905 | €103,067 | -€22,838 | -18.1% |
| Operating profit (loss) | 9901 | €78,328 | €37,197 | -€41,131 | -52.5% |
| Financial income | 75/76B | €8,498 | €5,867 | -€2,632 | -31.0% |
| Recurring financial income | 75 | €8,498 | €5,867 | -€2,632 | -31.0% |
| Financial charges | 65/66B | €1,647 | €1,741 | +€94 | +5.7% |
| Recurring financial charges | 65 | €1,647 | €1,741 | +€94 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €85,180 | €41,322 | -€43,857 | -51.5% |
| Income taxes | 67/77 | €24,869 | €13,212 | -€11,658 | -46.9% |
| Profit (loss) for the period | 9904 | €60,310 | €28,110 | -€32,200 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,310 | €28,110 | -€32,200 | -53.4% |
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.