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
- Tangible fixed assets -€36,310
down €36,310 (-5.1%), from €707,642 to €671,332
of which Other tangible fixed assets: -€19,523
- Cash +€9,481
up €9,481, from €0 to €9,481
mainly Other debts (+€135,200) and Depreciation (+€36,310)
- Other debts +€135,200
new in 2025: €135,200
- Short-term financial debts -€125,063
down €125,063 (-100.0%), from €125,063 to €0
of which Other loans: -€125,000
- Reserves -€26,693
down €26,693 (-10.0%), from €265,644 to €238,951
- Debts after one year -€15,070
down €15,070 (-7.3%), from €207,371 to €192,300
of which Financial debts: -€15,270
- Gross operating margin +€8,749
up €8,749 (+27.6%), from €31,733 to €40,482
- Other operating charges +€7,871
up €7,871 (+64.6%), from €12,182 to €20,054
- Staff costs -€1,950
down €1,950 (-100.0%), from €1,950 to €0
- Financial charges -€1,375
down €1,375 (-11.3%), from €12,185 to €10,811
- Depreciation +€1,047
up €1,047 (+3.0%), from €35,263 to €36,310
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 | €711,188 | €684,821 | -€26,367 | -3.7% |
| Fixed assets | 21/28 | €707,642 | €671,332 | -€36,310 | -5.1% |
| Tangible fixed assets | 22/27 | €707,642 | €671,332 | -€36,310 | -5.1% |
| Land and buildings | 22 | €352,257 | €337,165 | -€15,093 | -4.3% |
| Furniture and vehicles | 24 | €5,941 | €4,246 | -€1,695 | -28.5% |
| Other tangible fixed assets | 26 | €349,444 | €329,921 | -€19,523 | -5.6% |
| Current assets | 29/58 | €3,545 | €13,489 | +€9,943 | +280.5% |
| Amounts receivable within one year | 40/41 | €3,545 | €3,621 | +€75 | +2.1% |
| Trade receivables | 40 | €953 | €953 | = | 0.0% |
| Other amounts receivable | 41 | €2,592 | €2,668 | +€75 | +2.9% |
| Cash at bank and in hand | 54/58 | €0 | €9,481 | +€9,481 | |
| Deferred charges and accrued income | 490/1 | - | €387 | +€387 | |
| Total equity and liabilities | 10/49 | €711,188 | €684,821 | -€26,367 | -3.7% |
| Equity | 10/15 | €347,132 | €320,440 | -€26,693 | -7.7% |
| Contributions | 10/11 | €81,488 | €81,488 | = | 0.0% |
| Reserves | 13 | €265,644 | €238,951 | -€26,693 | -10.0% |
| Distributable reserves | 133 | €265,644 | €238,951 | -€26,693 | -10.0% |
| Amounts payable | 17/49 | €364,055 | €364,381 | +€326 | +0.1% |
| Amounts payable after more than one year | 17 | €207,371 | €192,300 | -€15,070 | -7.3% |
| Financial debts | 170/4 | €203,771 | €188,500 | -€15,270 | -7.5% |
| Other amounts payable | 178/9 | €3,600 | €3,800 | +€200 | +5.6% |
| Amounts payable within one year | 42/48 | €156,287 | €170,177 | +€13,890 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €16,174 | €16,528 | +€354 | +2.2% |
| Financial debts | 43 | €125,063 | €0 | -€125,063 | -100.0% |
| Credit institutions | 430/8 | €63 | €0 | -€63 | -100.0% |
| Other loans | 439 | €125,000 | €0 | -€125,000 | -100.0% |
| Trade debts | 44 | €15,050 | €18,288 | +€3,237 | +21.5% |
| Suppliers | 440/4 | €15,050 | €18,288 | +€3,237 | +21.5% |
| Taxes, remuneration and social security | 45 | €0 | €161 | +€161 | |
| Taxes | 450/3 | €0 | €161 | +€161 | |
| Other amounts payable | 47/48 | - | €135,200 | +€135,200 | |
| Accrued charges and deferred income | 492/3 | €398 | €1,904 | +€1,506 | +378.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,950 | €0 | -€1,950 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,263 | €36,310 | +€1,047 | +3.0% |
| Other operating charges | 640/8 | €12,182 | €20,054 | +€7,871 | +64.6% |
| Gross operating margin | 9900 | €31,733 | €40,482 | +€8,749 | +27.6% |
| Operating profit (loss) | 9901 | -€17,663 | -€15,882 | +€1,781 | +10.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,185 | €10,811 | -€1,375 | -11.3% |
| Recurring financial charges | 65 | €12,185 | €10,811 | -€1,375 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,848 | -€26,693 | +€3,155 | +10.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€29,848 | -€26,693 | +€3,155 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,848 | -€26,693 | +€3,155 | +10.6% |
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 7 October 2026 via checked.be.