HEMERYCK WOUTER: 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.
HEMERYCK WOUTER
Largest movements
- Current investments -€70,000
down €70,000 (-63.6%), from €110,000 to €40,000
- Cash -€5,274
down €5,274 (-9.3%), from €56,765 to €51,491
mainly Contributions, distributions and other (-€233,383) and Receivables after one year (-€1,777)
- Reserves -€181,615
down €181,615 (-100%), from €181,615 to €0
- Other debts +€87,856
new in 2025: €87,856
- Tax, wage and social debts +€15,404
up €15,404 (+221%), from €6,979 to €22,383
- Trade debts +€3,873
up €3,873 (+156%), from €2,479 to €6,352
No income-statement line moved by more than 1% of the activity.
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 | €203,317 | €128,768 | -€74,549 | -36.7% |
| Fixed assets | 21/28 | €4,223 | €2,812 | -€1,412 | -33.4% |
| Tangible fixed assets | 22/27 | €4,223 | €2,812 | -€1,412 | -33.4% |
| Plant, machinery and equipment | 23 | €4,223 | €2,812 | -€1,412 | -33.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €199,094 | €125,957 | -€73,137 | -36.7% |
| Amounts receivable after more than one year | 29 | €31,706 | €33,483 | +€1,777 | +5.6% |
| Other amounts receivable | 291 | €31,706 | €33,483 | +€1,777 | +5.6% |
| Amounts receivable within one year | 40/41 | €23 | €546 | +€523 | +2,273% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €23 | €546 | +€523 | +2,273% |
| Current investments | 50/53 | €110,000 | €40,000 | -€70,000 | -63.6% |
| Cash at bank and in hand | 54/58 | €56,765 | €51,491 | -€5,274 | -9.3% |
| Deferred charges and accrued income | 490/1 | €600 | €437 | -€163 | -27.1% |
| Total equity and liabilities | 10/49 | €203,317 | €128,768 | -€74,549 | -36.7% |
| Equity | 10/15 | €193,615 | €12,000 | -€181,615 | -93.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €181,615 | €0 | -€181,615 | -100% |
| Distributable reserves | 133 | €181,615 | €0 | -€181,615 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,702 | €116,768 | +€107,067 | +1,104% |
| Amounts payable within one year | 42/48 | €9,702 | €116,768 | +€107,067 | +1,104% |
| Financial debts | 43 | €244 | €177 | -€67 | -27.3% |
| Credit institutions | 430/8 | €244 | €177 | -€67 | -27.3% |
| Trade debts | 44 | €2,479 | €6,352 | +€3,873 | +156% |
| Suppliers | 440/4 | €2,479 | €6,352 | +€3,873 | +156% |
| Taxes, remuneration and social security | 45 | €6,979 | €22,383 | +€15,404 | +221% |
| Taxes | 450/3 | €6,979 | €22,383 | +€15,404 | +221% |
| Other amounts payable | 47/48 | - | €87,856 | +€87,856 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,412 | €1,412 | = | 0.0% |
| Other operating charges | 640/8 | €512 | €525 | +€13 | +2.5% |
| Gross operating margin | 9900 | €67,273 | €67,491 | +€218 | +0.3% |
| Operating profit (loss) | 9901 | €65,349 | €65,554 | +€205 | +0.3% |
| Financial income | 75/76B | €3,631 | €3,195 | -€437 | -12.0% |
| Recurring financial income | 75 | €3,631 | €3,195 | -€437 | -12.0% |
| Financial charges | 65/66B | €3,417 | €3,204 | -€213 | -6.2% |
| Recurring financial charges | 65 | €3,417 | €3,204 | -€213 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €65,564 | €65,546 | -€18 | 0.0% |
| Income taxes | 67/77 | €13,617 | €13,778 | +€161 | +1.2% |
| Profit (loss) for the period | 9904 | €51,947 | €51,768 | -€180 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,947 | €51,768 | -€180 | -0.3% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.