HEMIGU: 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.
HEMIGU
Largest movements
- Current investments +€49,268
up €49,268 (+9.7%), from €508,903 to €558,171
- Receivables within one year -€40,292
down €40,292 (-68.0%), from €59,277 to €18,985
of which Trade receivables: -€43,207
- Cash +€18,710
up €18,710 (+37.5%), from €49,834 to €68,545
mainly Receivables within one year (+€40,292) and Other debts (+€12,362)
- Other debts +€12,362
up €12,362 (+4.0%), from €312,561 to €324,923
- Reserves +€8,998
up €8,998 (+3.2%), from €278,978 to €287,976
- Gross operating margin -€36,735
down €36,735 (-53.9%), from €68,098 to €31,364
- Taxes -€14,491
down €14,491 (-76.4%), from €18,976 to €4,485
- Financial income -€5,735
down €5,735 (-34.3%), from €16,725 to €10,989
- Financial charges +€1,777
up €1,777 (+8.5%), from €20,834 to €22,611
- Depreciation -€981
down €981 (-15.6%), from €6,278 to €5,297
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 | €627,020 | €650,284 | +€23,264 | +3.7% |
| Fixed assets | 21/28 | €7,925 | €2,628 | -€5,297 | -66.8% |
| Tangible fixed assets | 22/27 | €7,925 | €2,628 | -€5,297 | -66.8% |
| Furniture and vehicles | 24 | €1,221 | €673 | -€548 | -44.9% |
| Other tangible fixed assets | 26 | €6,703 | €1,955 | -€4,749 | -70.8% |
| Current assets | 29/58 | €619,096 | €647,656 | +€28,561 | +4.6% |
| Amounts receivable within one year | 40/41 | €59,277 | €18,985 | -€40,292 | -68.0% |
| Trade receivables | 40 | €54,097 | €10,890 | -€43,207 | -79.9% |
| Other amounts receivable | 41 | €5,181 | €8,095 | +€2,915 | +56.3% |
| Current investments | 50/53 | €508,903 | €558,171 | +€49,268 | +9.7% |
| Cash at bank and in hand | 54/58 | €49,834 | €68,545 | +€18,710 | +37.5% |
| Deferred charges and accrued income | 490/1 | €1,081 | €1,956 | +€874 | +80.9% |
| Total equity and liabilities | 10/49 | €627,020 | €650,284 | +€23,264 | +3.7% |
| Equity | 10/15 | €297,578 | €306,576 | +€8,998 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €278,978 | €287,976 | +€8,998 | +3.2% |
| Distributable reserves | 133 | €278,978 | €287,976 | +€8,998 | +3.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €329,442 | €343,707 | +€14,265 | +4.3% |
| Amounts payable within one year | 42/48 | €329,442 | €343,152 | +€13,710 | +4.2% |
| Trade debts | 44 | €553 | €326 | -€227 | -41.0% |
| Suppliers | 440/4 | €553 | €326 | -€227 | -41.0% |
| Taxes, remuneration and social security | 45 | €16,328 | €17,904 | +€1,575 | +9.6% |
| Taxes | 450/3 | €16,328 | €17,904 | +€1,575 | +9.6% |
| Other amounts payable | 47/48 | €312,561 | €324,923 | +€12,362 | +4.0% |
| Accrued charges and deferred income | 492/3 | - | €555 | +€555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,278 | €5,297 | -€981 | -15.6% |
| Other operating charges | 640/8 | €1,040 | €962 | -€78 | -7.5% |
| Gross operating margin | 9900 | €68,098 | €31,364 | -€36,735 | -53.9% |
| Operating profit (loss) | 9901 | €60,780 | €25,105 | -€35,675 | -58.7% |
| Financial income | 75/76B | €16,725 | €10,989 | -€5,735 | -34.3% |
| Recurring financial income | 75 | €16,725 | €10,989 | -€5,735 | -34.3% |
| Financial charges | 65/66B | €20,834 | €22,611 | +€1,777 | +8.5% |
| Recurring financial charges | 65 | €20,834 | €22,611 | +€1,777 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €56,671 | €13,483 | -€43,188 | -76.2% |
| Income taxes | 67/77 | €18,976 | €4,485 | -€14,491 | -76.4% |
| Profit (loss) for the period | 9904 | €37,694 | €8,998 | -€28,696 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,694 | €8,998 | -€28,696 | -76.1% |
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.