HEMERA: what changed
Two fiscal 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.
HEMERA
Largest movements
- Cash +€54,116
up €54,116 (+15.4%), from €351,241 to €405,358
mainly Trade debts (+€81,248) and Accrued charges and deferred income (+€79,977)
- Tangible fixed assets -€37,703
down €37,703 (-4.9%), from €763,670 to €725,967
of which Furniture and vehicles: -€22,837
- Receivables within one year +€32,627
up €32,627 (+27.4%), from €119,024 to €151,651
of which Other amounts receivable: +€30,208
- Other debts -€88,299
down €88,299 (-93.3%), from €94,617 to €6,318
- Trade debts +€81,248
up €81,248 (+153.1%), from €53,081 to €134,329
- Accrued charges and deferred income +€79,977
new in 2025: €79,977
- Reserves +€72,981
up €72,981 (+16.2%), from €451,422 to €524,402
- Debts after one year -€52,855
down €52,855 (-10.9%), from €484,603 to €431,748
- Gross operating margin -€161,264
down €161,264 (-30.6%), from €526,667 to €365,403
- Taxes -€67,222
down €67,222 (-68.4%), from €98,228 to €31,007
- Staff costs +€40,893
up €40,893 (+29.7%), from €137,779 to €178,672
- Depreciation +€6,873
up €6,873 (+13.3%), from €51,849 to €58,722
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 | €1,236,125 | €1,285,083 | +€48,958 | +4.0% |
| Fixed assets | 21/28 | €763,670 | €725,967 | -€37,703 | -4.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €763,670 | €725,967 | -€37,703 | -4.9% |
| Land and buildings | 22 | €576,362 | €566,130 | -€10,232 | -1.8% |
| Plant, machinery and equipment | 23 | €101,283 | €96,649 | -€4,635 | -4.6% |
| Furniture and vehicles | 24 | €86,025 | €63,188 | -€22,837 | -26.5% |
| Current assets | 29/58 | €472,454 | €559,116 | +€86,662 | +18.3% |
| Amounts receivable within one year | 40/41 | €119,024 | €151,651 | +€32,627 | +27.4% |
| Trade receivables | 40 | €115,118 | €117,537 | +€2,419 | +2.1% |
| Other amounts receivable | 41 | €3,907 | €34,114 | +€30,208 | +773.3% |
| Cash at bank and in hand | 54/58 | €351,241 | €405,358 | +€54,116 | +15.4% |
| Deferred charges and accrued income | 490/1 | €2,188 | €2,107 | -€82 | -3.7% |
| Total equity and liabilities | 10/49 | €1,236,125 | €1,285,083 | +€48,958 | +4.0% |
| Equity | 10/15 | €463,822 | €536,802 | +€72,981 | +15.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €451,422 | €524,402 | +€72,981 | +16.2% |
| Distributable reserves | 133 | €451,422 | €524,402 | +€72,981 | +16.2% |
| Amounts payable | 17/49 | €772,303 | €748,281 | -€24,023 | -3.1% |
| Amounts payable after more than one year | 17 | €484,603 | €431,748 | -€52,855 | -10.9% |
| Financial debts | 170/4 | €484,603 | €431,748 | -€52,855 | -10.9% |
| Amounts payable within one year | 42/48 | €287,700 | €236,556 | -€51,144 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €50,900 | €52,855 | +€1,956 | +3.8% |
| Trade debts | 44 | €53,081 | €134,329 | +€81,248 | +153.1% |
| Suppliers | 440/4 | €53,081 | €134,329 | +€81,248 | +153.1% |
| Taxes, remuneration and social security | 45 | €89,102 | €43,054 | -€46,049 | -51.7% |
| Taxes | 450/3 | €68,228 | €28,268 | -€39,960 | -58.6% |
| Remuneration and social security | 454/9 | €20,874 | €14,785 | -€6,088 | -29.2% |
| Other amounts payable | 47/48 | €94,617 | €6,318 | -€88,299 | -93.3% |
| Accrued charges and deferred income | 492/3 | - | €79,977 | +€79,977 | |
| Non-recurring operating income | 76A | €14,525 | - | -€14,525 | |
| Remuneration, social security and pensions | 62 | €137,779 | €178,672 | +€40,893 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,849 | €58,722 | +€6,873 | +13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €504 | €360 | -€144 | -28.6% |
| Other operating charges | 640/8 | €5,461 | €4,433 | -€1,028 | -18.8% |
| Non-recurring operating charges | 66A | €5,612 | - | -€5,612 | |
| Gross operating margin | 9900 | €526,667 | €365,403 | -€161,264 | -30.6% |
| Operating profit (loss) | 9901 | €325,461 | €123,216 | -€202,246 | -62.1% |
| Financial income | 75/76B | €293 | €897 | +€604 | +206.1% |
| Recurring financial income | 75 | €293 | €897 | +€604 | +206.1% |
| Financial charges | 65/66B | €19,841 | €20,125 | +€285 | +1.4% |
| Recurring financial charges | 65 | €19,841 | €20,125 | +€285 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €305,914 | €103,987 | -€201,926 | -66.0% |
| Income taxes | 67/77 | €98,228 | €31,007 | -€67,222 | -68.4% |
| Profit (loss) for the period | 9904 | €207,685 | €72,981 | -€134,705 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €207,685 | €72,981 | -€134,705 | -64.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.