Hemi: 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.
Hemi
Largest movements
- Tangible fixed assets -€17,860
down €17,860 (-4.5%), from €400,479 to €382,618
of which Land and buildings: -€16,970
- Cash +€6,248
up €6,248 (+24.5%), from €25,484 to €31,733
mainly Depreciation (+€17,860) and Net result for the year (+€11,186)
- Debts after one year -€20,977
down €20,977 (-76.3%), from €27,479 to €6,502
of which Financial debts: -€20,977
- Reserves +€11,186
up €11,186 (+6.2%), from €179,568 to €190,755
of which Distributable reserves: +€16,365
- Gross operating margin -€4,296
down €4,296 (-9.6%), from €44,872 to €40,576
- Financial charges -€975
down €975 (-32.7%), from €2,984 to €2,009
- Depreciation -€817
down €817 (-4.4%), from €18,678 to €17,860
- Taxes -€733
down €733 (-8.7%), from €8,402 to €7,669
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 | €426,008 | €414,392 | -€11,616 | -2.7% |
| Fixed assets | 21/28 | €400,479 | €382,618 | -€17,860 | -4.5% |
| Tangible fixed assets | 22/27 | €400,479 | €382,618 | -€17,860 | -4.5% |
| Land and buildings | 22 | €392,478 | €375,508 | -€16,970 | -4.3% |
| Plant, machinery and equipment | 23 | €8,001 | €7,110 | -€891 | -11.1% |
| Current assets | 29/58 | €25,529 | €31,773 | +€6,244 | +24.5% |
| Cash at bank and in hand | 54/58 | €25,484 | €31,733 | +€6,248 | +24.5% |
| Deferred charges and accrued income | 490/1 | €44 | €41 | -€4 | -8.9% |
| Total equity and liabilities | 10/49 | €426,008 | €414,392 | -€11,616 | -2.7% |
| Equity | 10/15 | €286,683 | €297,870 | +€11,186 | +3.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €179,568 | €190,755 | +€11,186 | +6.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €103,562 | €98,384 | -€5,178 | -5.0% |
| Distributable reserves | 133 | €69,806 | €86,171 | +€16,365 | +23.4% |
| Profit (loss) carried forward | 14 | €45,115 | €45,115 | = | 0.0% |
| Provisions and deferred taxes | 16 | €53,326 | €50,660 | -€2,666 | -5.0% |
| Deferred taxes | 168 | €53,326 | €50,660 | -€2,666 | -5.0% |
| Amounts payable | 17/49 | €85,998 | €65,862 | -€20,136 | -23.4% |
| Amounts payable after more than one year | 17 | €27,479 | €6,502 | -€20,977 | -76.3% |
| Financial debts | 170/4 | €26,388 | €5,410 | -€20,977 | -79.5% |
| Other amounts payable | 178/9 | €1,092 | €1,092 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,919 | €58,760 | +€841 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €19,953 | €20,977 | +€1,025 | +5.1% |
| Trade debts | 44 | €689 | €1,322 | +€633 | +92.0% |
| Suppliers | 440/4 | €689 | €1,322 | +€633 | +92.0% |
| Taxes, remuneration and social security | 45 | €3,402 | €2,669 | -€733 | -21.5% |
| Taxes | 450/3 | €3,402 | €2,669 | -€733 | -21.5% |
| Other amounts payable | 47/48 | €33,876 | €33,792 | -€84 | -0.2% |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,678 | €17,860 | -€817 | -4.4% |
| Other operating charges | 640/8 | €4,675 | €4,518 | -€157 | -3.4% |
| Gross operating margin | 9900 | €44,872 | €40,576 | -€4,296 | -9.6% |
| Operating profit (loss) | 9901 | €21,519 | €18,197 | -€3,322 | -15.4% |
| Financial charges | 65/66B | €2,984 | €2,009 | -€975 | -32.7% |
| Recurring financial charges | 65 | €2,984 | €2,009 | -€975 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €18,536 | €16,189 | -€2,347 | -12.7% |
| Transfer from deferred taxes | 780 | €2,666 | €2,666 | = | 0.0% |
| Income taxes | 67/77 | €8,402 | €7,669 | -€733 | -8.7% |
| Profit (loss) for the period | 9904 | €12,800 | €11,186 | -€1,614 | -12.6% |
| Transfer from tax-exempt reserves | 789 | €5,178 | €5,178 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,978 | €16,365 | -€1,614 | -9.0% |
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 3 October 2026 via checked.be.