HEMICO DV: 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.
HEMICO DV
Largest movements
- Current investments +€1.1m
up €1.1m (+1883.4%), from €59,652 to €1.2m
- Tangible fixed assets +€117,305
up €117,305 (+22.7%), from €516,543 to €633,848
of which Land and buildings: +€118,552
- Cash +€59,486
up €59,486 (+508.8%), from €11,692 to €71,179
mainly Contributions, distributions and other (+€1.2m) and Provisions (+€82,472)
- Reserves +€1.2m
up €1.2m (+511.2%), from €234,873 to €1.4m
of which Distributable reserves: +€933,710
- Provisions +€82,472
new in 2025: €82,472
- Other debts +€24,734
up €24,734 (+673.1%), from €3,675 to €28,409
- Accrued charges and deferred income -€22,775
down €22,775 (-78.5%), from €28,996 to €6,220
- Gross operating margin -€56,577
down €56,577 (-42.3%), from €133,675 to €77,098
- Financial income +€21,414
up €21,414 (+279.1%), from €7,674 to €29,088
- Taxes -€7,985
down €7,985 (-36.2%), from €22,080 to €14,094
- Other operating charges +€7,642
up €7,642 (+50.1%), from €15,238 to €22,880
- Financial charges -€5,068
down €5,068 (-35.8%), from €14,170 to €9,102
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 | €620,724 | €1,924,586 | +€1.3m | +210.1% |
| Fixed assets | 21/28 | €516,543 | €634,098 | +€117,555 | +22.8% |
| Tangible fixed assets | 22/27 | €516,543 | €633,848 | +€117,305 | +22.7% |
| Land and buildings | 22 | €508,025 | €626,577 | +€118,552 | +23.3% |
| Plant, machinery and equipment | 23 | €713 | €1,223 | +€510 | +71.5% |
| Furniture and vehicles | 24 | €7,806 | €6,049 | -€1,757 | -22.5% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €104,181 | €1,290,487 | +€1.2m | +1138.7% |
| Amounts receivable within one year | 40/41 | €31,455 | €31,760 | +€305 | +1.0% |
| Trade receivables | 40 | €0 | €5,158 | +€5,158 | |
| Other amounts receivable | 41 | €31,455 | €26,602 | -€4,853 | -15.4% |
| Current investments | 50/53 | €59,652 | €1,183,170 | +€1.1m | +1883.4% |
| Cash at bank and in hand | 54/58 | €11,692 | €71,179 | +€59,486 | +508.8% |
| Deferred charges and accrued income | 490/1 | €1,381 | €4,379 | +€2,998 | +217.0% |
| Total equity and liabilities | 10/49 | €620,724 | €1,924,586 | +€1.3m | +210.1% |
| Equity | 10/15 | €554,873 | €1,774,089 | +€1.2m | +219.7% |
| Contributions | 10/11 | €320,000 | €338,600 | +€18,600 | +5.8% |
| Contributions outside capital | 11 | €320,000 | - | -€320,000 | |
| Other | 1109/19 | €320,000 | - | -€320,000 | |
| Reserves | 13 | €234,873 | €1,435,489 | +€1.2m | +511.2% |
| Non-distributable reserves | 130/1 | €32,000 | €0 | -€32,000 | -100.0% |
| Reserves not available under the articles | 1311 | €32,000 | €0 | -€32,000 | -100.0% |
| Tax-exempt reserves | 132 | - | €298,906 | +€298,906 | |
| Distributable reserves | 133 | €202,873 | €1,136,583 | +€933,710 | +460.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €82,472 | +€82,472 | |
| Deferred taxes | 168 | - | €82,472 | +€82,472 | |
| Amounts payable | 17/49 | €65,852 | €68,025 | +€2,173 | +3.3% |
| Amounts payable after more than one year | 17 | €13,250 | €0 | -€13,250 | -100.0% |
| Financial debts | 170/4 | €13,250 | €0 | -€13,250 | -100.0% |
| Amounts payable within one year | 42/48 | €23,605 | €61,804 | +€38,199 | +161.8% |
| Current portion of amounts payable after more than one year | 42 | €17,667 | €13,250 | -€4,416 | -25.0% |
| Trade debts | 44 | €1,499 | €14,768 | +€13,270 | +885.5% |
| Suppliers | 440/4 | €1,499 | €14,768 | +€13,270 | +885.5% |
| Taxes, remuneration and social security | 45 | €765 | €5,377 | +€4,611 | +602.4% |
| Taxes | 450/3 | €765 | €5,377 | +€4,611 | +602.4% |
| Other amounts payable | 47/48 | €3,675 | €28,409 | +€24,734 | +673.1% |
| Accrued charges and deferred income | 492/3 | €28,996 | €6,220 | -€22,775 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,611 | €33,317 | -€1,294 | -3.7% |
| Other operating charges | 640/8 | €15,238 | €22,880 | +€7,642 | +50.1% |
| Gross operating margin | 9900 | €133,675 | €77,098 | -€56,577 | -42.3% |
| Operating profit (loss) | 9901 | €83,826 | €20,902 | -€62,924 | -75.1% |
| Financial income | 75/76B | €7,674 | €29,088 | +€21,414 | +279.1% |
| Recurring financial income | 75 | €7,674 | €29,088 | +€21,414 | +279.1% |
| Financial charges | 65/66B | €14,170 | €9,102 | -€5,068 | -35.8% |
| Recurring financial charges | 65 | €14,170 | €9,102 | -€5,068 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €77,329 | €40,887 | -€36,442 | -47.1% |
| Income taxes | 67/77 | €22,080 | €14,094 | -€7,985 | -36.2% |
| Profit (loss) for the period | 9904 | €55,249 | €26,793 | -€28,456 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,249 | €26,793 | -€28,456 | -51.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.