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
- Tangible fixed assets -€58,567
down €58,567 (-65.3%), from €89,723 to €31,156
- Cash +€10,661
up €10,661 (+30295.8%), from €35 to €10,696
mainly Investment in fixed assets (net) (+€57,026) and Net result for the year (+€42,529)
- Other debts -€96,697
down €96,697 (-93.9%), from €102,974 to €6,277
- Profit (loss) carried forward +€42,529
up €42,529, from -€38,644 to €3,885
- Tax, wage and social debts +€7,009
up €7,009 (+1636.5%), from €428 to €7,437
- Gross operating margin +€51,520
up €51,520 (+4559.0%), from €1,130 to €52,650
- Financial charges -€18,150
down €18,150 (-99.7%), from €18,208 to €58
of which Non-recurring financial charges: -€18,163
- Taxes +€7,437
new in 2025: €7,437
- Depreciation -€3,513
down €3,513 (-69.5%), from €5,054 to €1,540
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 | €89,758 | €42,599 | -€47,160 | -52.5% |
| Fixed assets | 21/28 | €89,723 | €31,156 | -€58,567 | -65.3% |
| Tangible fixed assets | 22/27 | €89,723 | €31,156 | -€58,567 | -65.3% |
| Land and buildings | 22 | €89,723 | €31,156 | -€58,567 | -65.3% |
| Current assets | 29/58 | €35 | €11,442 | +€11,407 | +32415.6% |
| Amounts receivable within one year | 40/41 | - | €550 | +€550 | |
| Other amounts receivable | 41 | - | €550 | +€550 | |
| Cash at bank and in hand | 54/58 | €35 | €10,696 | +€10,661 | +30295.8% |
| Deferred charges and accrued income | 490/1 | - | €196 | +€196 | |
| Total equity and liabilities | 10/49 | €89,758 | €42,599 | -€47,160 | -52.5% |
| Equity | 10/15 | -€13,644 | €28,885 | +€42,529 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,644 | €3,885 | +€42,529 | |
| Amounts payable | 17/49 | €103,402 | €13,714 | -€89,689 | -86.7% |
| Amounts payable within one year | 42/48 | €103,402 | €13,714 | -€89,689 | -86.7% |
| Taxes, remuneration and social security | 45 | €428 | €7,437 | +€7,009 | +1636.5% |
| Taxes | 450/3 | €428 | €7,437 | +€7,009 | +1636.5% |
| Other amounts payable | 47/48 | €102,974 | €6,277 | -€96,697 | -93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,054 | €1,540 | -€3,513 | -69.5% |
| Other operating charges | 640/8 | €1,581 | €1,086 | -€496 | -31.3% |
| Gross operating margin | 9900 | €1,130 | €52,650 | +€51,520 | +4559.0% |
| Operating profit (loss) | 9901 | -€5,505 | €50,024 | +€55,529 | |
| Financial charges | 65/66B | €18,208 | €58 | -€18,150 | -99.7% |
| Recurring financial charges | 65 | €46 | €58 | +€13 | +27.8% |
| Non-recurring financial charges | 66B | €18,163 | - | -€18,163 | |
| Profit (loss) for the period before taxes | 9903 | -€23,713 | €49,966 | +€73,679 | |
| Income taxes | 67/77 | - | €7,437 | +€7,437 | |
| Profit (loss) for the period | 9904 | -€23,713 | €42,529 | +€66,242 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,713 | €42,529 | +€66,242 |
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 28 September 2026 via checked.be.