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
- Receivables within one year -€73,875
down €73,875 (-67.7%), from €109,043 to €35,168
of which Trade receivables: -€88,875
- Cash -€22,157
down €22,157 (-31.4%), from €70,676 to €48,519
mainly Trade debts (-€106,459) and Debts after one year (-€79,013)
- Tangible fixed assets -€22,104
down €22,104 (-3.2%), from €698,264 to €676,160
of which Land and buildings: -€30,918
- Trade debts -€106,459
down €106,459 (-83.5%), from €127,542 to €21,083
- Reserves +€82,285
up €82,285 (+19.7%), from €418,218 to €500,503
of which Distributable reserves: +€82,285
- Debts after one year -€79,013
down €79,013 (-46.9%), from €168,519 to €89,506
- Tax, wage and social debts -€19,568
down €19,568 (-53.3%), from €36,707 to €17,138
of which Taxes: -€19,568
- Gross operating margin -€75,445
down €75,445 (-29.7%), from €254,447 to €179,002
- Staff costs -€22,761
down €22,761 (-61.0%), from €37,319 to €14,558
- Taxes -€15,408
down €15,408 (-27.8%), from €55,468 to €40,059
- Depreciation -€3,242
down €3,242 (-8.8%), from €36,889 to €33,647
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 | €881,632 | €763,865 | -€117,767 | -13.4% |
| Fixed assets | 21/28 | €698,499 | €676,395 | -€22,104 | -3.2% |
| Tangible fixed assets | 22/27 | €698,264 | €676,160 | -€22,104 | -3.2% |
| Land and buildings | 22 | €694,214 | €663,296 | -€30,918 | -4.5% |
| Plant, machinery and equipment | 23 | €1,446 | €1,156 | -€289 | -20.0% |
| Furniture and vehicles | 24 | €2,604 | €11,708 | +€9,103 | +349.5% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €183,133 | €87,470 | -€95,663 | -52.2% |
| Amounts receivable within one year | 40/41 | €109,043 | €35,168 | -€73,875 | -67.7% |
| Trade receivables | 40 | €109,043 | €20,168 | -€88,875 | -81.5% |
| Other amounts receivable | 41 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €70,676 | €48,519 | -€22,157 | -31.4% |
| Deferred charges and accrued income | 490/1 | €3,414 | €3,782 | +€369 | +10.8% |
| Total equity and liabilities | 10/49 | €881,632 | €763,865 | -€117,767 | -13.4% |
| Equity | 10/15 | €496,818 | €579,103 | +€82,285 | +16.6% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Reserves | 13 | €418,218 | €500,503 | +€82,285 | +19.7% |
| Non-distributable reserves | 130/1 | €7,860 | €7,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,860 | €7,860 | = | 0.0% |
| Distributable reserves | 133 | €410,358 | €492,643 | +€82,285 | +20.1% |
| Amounts payable | 17/49 | €384,814 | €184,762 | -€200,052 | -52.0% |
| Amounts payable after more than one year | 17 | €168,519 | €89,506 | -€79,013 | -46.9% |
| Financial debts | 170/4 | €168,519 | €89,506 | -€79,013 | -46.9% |
| Amounts payable within one year | 42/48 | €216,294 | €95,255 | -€121,039 | -56.0% |
| Current portion of amounts payable after more than one year | 42 | €16,267 | €16,513 | +€246 | +1.5% |
| Trade debts | 44 | €127,542 | €21,083 | -€106,459 | -83.5% |
| Suppliers | 440/4 | €127,542 | €21,083 | -€106,459 | -83.5% |
| Taxes, remuneration and social security | 45 | €36,707 | €17,138 | -€19,568 | -53.3% |
| Taxes | 450/3 | €35,326 | €15,758 | -€19,568 | -55.4% |
| Remuneration and social security | 454/9 | €1,380 | €1,380 | = | 0.0% |
| Other amounts payable | 47/48 | €35,779 | €40,521 | +€4,742 | +13.3% |
| Remuneration, social security and pensions | 62 | €37,319 | €14,558 | -€22,761 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,889 | €33,647 | -€3,242 | -8.8% |
| Other operating charges | 640/8 | €758 | €794 | +€36 | +4.7% |
| Gross operating margin | 9900 | €254,447 | €179,002 | -€75,445 | -29.7% |
| Operating profit (loss) | 9901 | €179,481 | €130,003 | -€49,478 | -27.6% |
| Financial income | 75/76B | €223 | €212 | -€10 | -4.7% |
| Recurring financial income | 75 | €223 | €212 | -€10 | -4.7% |
| Financial charges | 65/66B | €8,719 | €7,871 | -€848 | -9.7% |
| Recurring financial charges | 65 | €8,719 | €7,871 | -€848 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €170,985 | €122,344 | -€48,641 | -28.4% |
| Income taxes | 67/77 | €55,468 | €40,059 | -€15,408 | -27.8% |
| Profit (loss) for the period | 9904 | €115,517 | €82,285 | -€33,232 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,517 | €82,285 | -€33,232 | -28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.