HEMICO: 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.
HEMICO
Largest movements
- Cash +€129,105
up €129,105 (+884.7%), from €14,594 to €143,698
mainly Net result for the year (+€171,821) and Other debts (+€85,000)
- Stocks and contracts -€25,867
down €25,867 (-41.0%), from €63,073 to €37,206
of which Contracts in progress: -€20,502
- Tangible fixed assets -€16,575
down €16,575 (-23.8%), from €69,650 to €53,075
of which Leasing and similar rights: -€12,210
- Receivables within one year -€8,831
down €8,831 (-4.7%), from €186,820 to €177,989
of which Trade receivables: -€39,013
- Intangible fixed assets +€6,806
up €6,806 (+290.1%), from €2,346 to €9,152
- Reserves +€86,821
up €86,821 (+127.7%), from €68,002 to €154,823
of which Distributable reserves: +€86,821
- Other debts +€85,000
new in 2025: €85,000
- Trade debts -€49,534
down €49,534 (-31.6%), from €156,842 to €107,308
- Current portion of long-term debt -€23,164
down €23,164 (-54.6%), from €42,435 to €19,271
- Debts after one year -€19,271
down €19,271 (-37.2%), from €51,734 to €32,463
- Gross operating margin +€181,583
up €181,583 (+401.6%), from €45,212 to €226,795
- Taxes +€24,870
up €24,870 (+445.0%), from €5,588 to €30,459
- Depreciation +€13,139
up €13,139 (+236.2%), from €5,562 to €18,700
- Financial charges +€2,962
up €2,962 (+62.1%), from €4,771 to €7,733
- Financial income +€2,586
up €2,586 (+71839.2%), from €4 to €2,590
of which Financial income: +€2,512
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 | €337,563 | €423,620 | +€86,057 | +25.5% |
| Fixed assets | 21/28 | €73,076 | €64,727 | -€8,349 | -11.4% |
| Intangible fixed assets | 21 | €2,346 | €9,152 | +€6,806 | +290.1% |
| Tangible fixed assets | 22/27 | €69,650 | €53,075 | -€16,575 | -23.8% |
| Plant, machinery and equipment | 23 | €2,720 | €2,447 | -€274 | -10.1% |
| Furniture and vehicles | 24 | €16,416 | €12,324 | -€4,092 | -24.9% |
| Leasing and similar rights | 25 | €50,514 | €38,304 | -€12,210 | -24.2% |
| Financial fixed assets | 28 | €1,080 | €2,500 | +€1,420 | +131.5% |
| Current assets | 29/58 | €264,487 | €358,893 | +€94,407 | +35.7% |
| Stocks and contracts in progress | 3 | €63,073 | €37,206 | -€25,867 | -41.0% |
| Stocks | 30/36 | €42,571 | €37,206 | -€5,365 | -12.6% |
| Contracts in progress | 37 | €20,502 | €0 | -€20,502 | -100.0% |
| Amounts receivable within one year | 40/41 | €186,820 | €177,989 | -€8,831 | -4.7% |
| Trade receivables | 40 | €154,091 | €115,078 | -€39,013 | -25.3% |
| Other amounts receivable | 41 | €32,729 | €62,910 | +€30,182 | +92.2% |
| Cash at bank and in hand | 54/58 | €14,594 | €143,698 | +€129,105 | +884.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €337,563 | €423,620 | +€86,057 | +25.5% |
| Equity | 10/15 | €86,552 | €173,373 | +€86,821 | +100.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €68,002 | €154,823 | +€86,821 | +127.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €68,002 | €154,823 | +€86,821 | +127.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €251,012 | €250,248 | -€764 | -0.3% |
| Amounts payable after more than one year | 17 | €51,734 | €32,463 | -€19,271 | -37.2% |
| Financial debts | 170/4 | €51,734 | €32,463 | -€19,271 | -37.2% |
| Amounts payable within one year | 42/48 | €199,277 | €217,784 | +€18,507 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €42,435 | €19,271 | -€23,164 | -54.6% |
| Financial debts | 43 | €0 | €5,746 | +€5,746 | |
| Credit institutions | 430/8 | €0 | €5,746 | +€5,746 | |
| Trade debts | 44 | €156,842 | €107,308 | -€49,534 | -31.6% |
| Suppliers | 440/4 | €156,842 | €107,308 | -€49,534 | -31.6% |
| Taxes, remuneration and social security | 45 | - | €459 | +€459 | |
| Taxes | 450/3 | - | €459 | +€459 | |
| Other amounts payable | 47/48 | - | €85,000 | +€85,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,562 | €18,700 | +€13,139 | +236.2% |
| Other operating charges | 640/8 | €2,264 | €671 | -€1,593 | -70.4% |
| Non-recurring operating charges | 66A | €391 | €0 | -€391 | -100.0% |
| Gross operating margin | 9900 | €45,212 | €226,795 | +€181,583 | +401.6% |
| Operating profit (loss) | 9901 | €36,995 | €207,423 | +€170,428 | +460.7% |
| Financial income | 75/76B | €4 | €2,590 | +€2,586 | +71839.2% |
| Recurring financial income | 75 | €4 | €2,516 | +€2,512 | +69788.9% |
| Non-recurring financial income | 76B | - | €74 | +€74 | |
| Financial charges | 65/66B | €4,771 | €7,733 | +€2,962 | +62.1% |
| Recurring financial charges | 65 | €4,771 | €7,733 | +€2,962 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €32,228 | €202,280 | +€170,052 | +527.7% |
| Income taxes | 67/77 | €5,588 | €30,459 | +€24,870 | +445.0% |
| Profit (loss) for the period | 9904 | €26,640 | €171,821 | +€145,182 | +545.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,640 | €171,821 | +€145,182 | +545.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.