HemFre: 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.
HemFre
Largest movements
- Cash -€9,924
down €9,924 (-79.7%), from €12,452 to €2,528
mainly Debts after one year (-€26,737) and Short-term financial debts (-€23,194)
- Tangible fixed assets -€8,000
down €8,000 (-3.6%), from €221,000 to €213,000
- Debts after one year -€26,737
down €26,737 (-13.9%), from €192,296 to €165,559
- Short-term financial debts -€23,194
down €23,194 (-46.5%), from €49,930 to €26,736
- Profit (loss) carried forward +€21,216
up €21,216 (+22.6%), from €94,029 to €115,245
- Trade debts +€18,633
up €18,633 (+52.7%), from €35,357 to €53,990
- Other debts -€11,382
no longer reported in 2025 (was €11,382)
- Gross operating margin +€19,969
up €19,969 (+20.8%), from €95,965 to €115,934
- Taxes +€7,201
up €7,201 (+193.1%), from €3,729 to €10,930
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 | €419,690 | €397,929 | -€21,761 | -5.2% |
| Fixed assets | 21/28 | €221,050 | €213,050 | -€8,000 | -3.6% |
| Tangible fixed assets | 22/27 | €221,000 | €213,000 | -€8,000 | -3.6% |
| Land and buildings | 22 | €221,000 | €213,000 | -€8,000 | -3.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €198,640 | €184,879 | -€13,761 | -6.9% |
| Amounts receivable within one year | 40/41 | €186,188 | €182,351 | -€3,837 | -2.1% |
| Trade receivables | 40 | €182,188 | €174,736 | -€7,452 | -4.1% |
| Other amounts receivable | 41 | €4,000 | €7,615 | +€3,615 | +90.4% |
| Cash at bank and in hand | 54/58 | €12,452 | €2,528 | -€9,924 | -79.7% |
| Total equity and liabilities | 10/49 | €419,690 | €397,929 | -€21,761 | -5.2% |
| Equity | 10/15 | €99,029 | €120,245 | +€21,216 | +21.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,029 | €115,245 | +€21,216 | +22.6% |
| Amounts payable | 17/49 | €320,661 | €277,684 | -€42,977 | -13.4% |
| Amounts payable after more than one year | 17 | €192,296 | €165,559 | -€26,737 | -13.9% |
| Financial debts | 170/4 | €192,296 | €165,559 | -€26,737 | -13.9% |
| Amounts payable within one year | 42/48 | €128,365 | €112,125 | -€16,240 | -12.7% |
| Financial debts | 43 | €49,930 | €26,736 | -€23,194 | -46.5% |
| Credit institutions | 430/8 | €49,930 | €26,736 | -€23,194 | -46.5% |
| Trade debts | 44 | €35,357 | €53,990 | +€18,633 | +52.7% |
| Suppliers | 440/4 | €35,357 | €53,990 | +€18,633 | +52.7% |
| Advances received on contracts in progress | 46 | €4,840 | €4,840 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €26,856 | €26,559 | -€297 | -1.1% |
| Taxes | 450/3 | €18,390 | €17,537 | -€853 | -4.6% |
| Remuneration and social security | 454/9 | €8,466 | €9,022 | +€556 | +6.6% |
| Other amounts payable | 47/48 | €11,382 | - | -€11,382 | |
| Remuneration, social security and pensions | 62 | €68,050 | €69,121 | +€1,071 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,000 | €8,000 | = | 0.0% |
| Other operating charges | 640/8 | €3,539 | €3,072 | -€467 | -13.2% |
| Non-recurring operating charges | 66A | €3,107 | - | -€3,107 | |
| Gross operating margin | 9900 | €95,965 | €115,934 | +€19,969 | +20.8% |
| Operating profit (loss) | 9901 | €13,269 | €35,741 | +€22,472 | +169.4% |
| Financial charges | 65/66B | €3,492 | €3,595 | +€103 | +2.9% |
| Recurring financial charges | 65 | €3,492 | €3,595 | +€103 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €9,777 | €32,146 | +€22,369 | +228.8% |
| Income taxes | 67/77 | €3,729 | €10,930 | +€7,201 | +193.1% |
| Profit (loss) for the period | 9904 | €6,048 | €21,216 | +€15,168 | +250.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,048 | €21,216 | +€15,168 | +250.8% |
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 7 October 2026 via checked.be.