HEMERAS: 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.
HEMERAS
Largest movements
- Tangible fixed assets +€63,551
up €63,551 (+900%), from €7,057 to €70,608
of which Land and buildings: +€64,301
- Cash -€12,743
down €12,743 (-11.6%), from €109,586 to €96,843
mainly Investment in fixed assets (net) (-€66,727) and Tax, wage and social debts (-€1,982)
- Reserves +€26,885
up €26,885 (+27.0%), from €99,714 to €126,598
- Other debts +€19,290
up €19,290 (+127%), from €15,219 to €34,509
- Trade debts +€6,285
new in 2025: €6,285
- Tax, wage and social debts -€1,982
down €1,982 (-15.5%), from €12,796 to €10,814
- Depreciation +€2,734
up €2,734 (+618%), from €443 to €3,177
- Gross operating margin -€1,242
down €1,242 (-2.8%), from €44,575 to €43,333
- Financial income -€538
no longer reported in 2025 (was €538)
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 | €132,729 | €183,206 | +€50,477 | +38.0% |
| Fixed assets | 21/28 | €7,057 | €70,608 | +€63,551 | +900% |
| Tangible fixed assets | 22/27 | €7,057 | €70,608 | +€63,551 | +900% |
| Land and buildings | 22 | - | €64,301 | +€64,301 | |
| Furniture and vehicles | 24 | €7,057 | €6,307 | -€750 | -10.6% |
| Current assets | 29/58 | €125,672 | €112,598 | -€13,074 | -10.4% |
| Amounts receivable within one year | 40/41 | €16,086 | €15,755 | -€330 | -2.1% |
| Trade receivables | 40 | €14,511 | €15,755 | +€1,245 | +8.6% |
| Other amounts receivable | 41 | €1,575 | - | -€1,575 | |
| Cash at bank and in hand | 54/58 | €109,586 | €96,843 | -€12,743 | -11.6% |
| Total equity and liabilities | 10/49 | €132,729 | €183,206 | +€50,477 | +38.0% |
| Equity | 10/15 | €104,714 | €131,598 | +€26,885 | +25.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,714 | €126,598 | +€26,885 | +27.0% |
| Distributable reserves | 133 | €99,714 | €126,598 | +€26,885 | +27.0% |
| Amounts payable | 17/49 | €28,015 | €51,608 | +€23,592 | +84.2% |
| Amounts payable within one year | 42/48 | €28,015 | €51,608 | +€23,592 | +84.2% |
| Trade debts | 44 | - | €6,285 | +€6,285 | |
| Suppliers | 440/4 | - | €6,285 | +€6,285 | |
| Taxes, remuneration and social security | 45 | €12,796 | €10,814 | -€1,982 | -15.5% |
| Taxes | 450/3 | €12,796 | €10,814 | -€1,982 | -15.5% |
| Other amounts payable | 47/48 | €15,219 | €34,509 | +€19,290 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €443 | €3,177 | +€2,734 | +618% |
| Other operating charges | 640/8 | - | €121 | +€121 | |
| Gross operating margin | 9900 | €44,575 | €43,333 | -€1,242 | -2.8% |
| Operating profit (loss) | 9901 | €44,132 | €40,035 | -€4,097 | -9.3% |
| Financial income | 75/76B | €538 | - | -€538 | |
| Recurring financial income | 75 | €538 | - | -€538 | |
| Financial charges | 65/66B | €134 | €125 | -€9 | -6.8% |
| Recurring financial charges | 65 | €134 | €125 | -€9 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €44,536 | €39,910 | -€4,626 | -10.4% |
| Income taxes | 67/77 | €12,682 | €13,026 | +€344 | +2.7% |
| Profit (loss) for the period | 9904 | €31,855 | €26,885 | -€4,970 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,855 | €26,885 | -€4,970 | -15.6% |
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 15 October 2026 via checked.be.