Hemicon: 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.
Hemicon
Largest movements
- Receivables within one year +€12,100
up €12,100 (+125%), from €9,680 to €21,780
- Cash +€11,422
up €11,422 (+113%), from €10,091 to €21,513
mainly Net result for the year (+€23,544) and Tax, wage and social debts (+€6,921)
- Tangible fixed assets +€3,107
new in 2025: €3,107
- Reserves +€21,750
up €21,750 (+669%), from €3,250 to €25,000
- Tax, wage and social debts +€6,921
up €6,921 (+114%), from €6,088 to €13,009
of which Taxes: +€6,521
- Trade debts -€3,759
down €3,759 (-69.9%), from €5,378 to €1,620
- Profit (loss) carried forward +€1,794
up €1,794 (+3,866%), from €46 to €1,840
- Gross operating margin +€27,896
up €27,896 (+468%), from €5,963 to €33,859
- Taxes +€6,470
up €6,470 (+539%), from €1,200 to €7,670
- Financial charges +€1,395
up €1,395 (+224%), from €624 to €2,018
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.
Derived cash bridge
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 | €20,686 | €47,315 | +€26,629 | +129% |
| Fixed assets | 21/28 | - | €3,107 | +€3,107 | |
| Tangible fixed assets | 22/27 | - | €3,107 | +€3,107 | |
| Furniture and vehicles | 24 | - | €3,107 | +€3,107 | |
| Current assets | 29/58 | €20,686 | €44,208 | +€23,522 | +114% |
| Amounts receivable within one year | 40/41 | €9,680 | €21,780 | +€12,100 | +125% |
| Trade receivables | 40 | €9,680 | €21,780 | +€12,100 | +125% |
| Cash at bank and in hand | 54/58 | €10,091 | €21,513 | +€11,422 | +113% |
| Deferred charges and accrued income | 490/1 | €915 | €915 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €20,686 | €47,315 | +€26,629 | +129% |
| Equity | 10/15 | €8,296 | €31,840 | +€23,544 | +284% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,250 | €25,000 | +€21,750 | +669% |
| Distributable reserves | 133 | €3,250 | €25,000 | +€21,750 | +669% |
| Profit (loss) carried forward | 14 | €46 | €1,840 | +€1,794 | +3,866% |
| Amounts payable | 17/49 | €12,390 | €15,475 | +€3,085 | +24.9% |
| Amounts payable within one year | 42/48 | €12,040 | €15,125 | +€3,085 | +25.6% |
| Trade debts | 44 | €5,378 | €1,620 | -€3,759 | -69.9% |
| Suppliers | 440/4 | €5,378 | €1,620 | -€3,759 | -69.9% |
| Taxes, remuneration and social security | 45 | €6,088 | €13,009 | +€6,921 | +114% |
| Taxes | 450/3 | €4,688 | €11,209 | +€6,521 | +139% |
| Remuneration and social security | 454/9 | €1,400 | €1,800 | +€400 | +28.6% |
| Other amounts payable | 47/48 | €573 | €496 | -€77 | -13.4% |
| Accrued charges and deferred income | 492/3 | €350 | €350 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2 | +€2 | |
| Other operating charges | 640/8 | €843 | €625 | -€218 | -25.9% |
| Gross operating margin | 9900 | €5,963 | €33,859 | +€27,896 | +468% |
| Operating profit (loss) | 9901 | €5,120 | €33,233 | +€28,113 | +549% |
| Financial charges | 65/66B | €624 | €2,018 | +€1,395 | +224% |
| Recurring financial charges | 65 | €624 | €2,018 | +€1,395 | +224% |
| Profit (loss) for the period before taxes | 9903 | €4,496 | €31,214 | +€26,718 | +594% |
| Income taxes | 67/77 | €1,200 | €7,670 | +€6,470 | +539% |
| Profit (loss) for the period | 9904 | €3,296 | €23,544 | +€20,248 | +614% |
| Profit (loss) for the period to be appropriated | 9905 | €3,296 | €23,544 | +€20,248 | +614% |
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 15 October 2026 via checked.be.