HEMIKO: 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.
HEMIKO
Largest movements
- Tangible fixed assets -€10,630
down €10,630 (-9.2%), from €115,388 to €104,757
of which Land and buildings: -€8,687
- Receivables within one year +€5,194
up €5,194 (+311.6%), from €1,667 to €6,861
of which Other amounts receivable: +€5,418
- Cash -€2,099
down €2,099 (-4.5%), from €47,166 to €45,067
mainly Receivables within one year (-€5,194) and Net result for the year (-€3,131)
- Reserves -€3,131
down €3,131 (-3.1%), from €99,909 to €96,779
of which Distributable reserves: -€3,131
- Tax, wage and social debts -€1,728
down €1,728 (-100.0%), from €1,728 to €0
- Gross operating margin -€9,115
down €9,115 (-51.0%), from €17,856 to €8,741
- Write-downs +€3,640
up €3,640, from -€3,640 to €0
- Taxes -€1,727
down €1,727 (-100.0%), from €1,728 to €1
- Depreciation +€776
up €776 (+7.9%), from €9,855 to €10,630
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,069 | €159,138 | -€5,931 | -3.6% |
| Fixed assets | 21/28 | €115,388 | €104,757 | -€10,630 | -9.2% |
| Tangible fixed assets | 22/27 | €115,388 | €104,757 | -€10,630 | -9.2% |
| Land and buildings | 22 | €103,468 | €94,781 | -€8,687 | -8.4% |
| Plant, machinery and equipment | 23 | €11,920 | €9,976 | -€1,943 | -16.3% |
| Current assets | 29/58 | €49,682 | €54,381 | +€4,699 | +9.5% |
| Stocks and contracts in progress | 3 | €610 | €2,207 | +€1,596 | +261.6% |
| Stocks | 30/36 | €610 | €707 | +€96 | +15.8% |
| Contracts in progress | 37 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €1,667 | €6,861 | +€5,194 | +311.6% |
| Trade receivables | 40 | €390 | €165 | -€225 | -57.6% |
| Other amounts receivable | 41 | €1,277 | €6,695 | +€5,418 | +424.3% |
| Cash at bank and in hand | 54/58 | €47,166 | €45,067 | -€2,099 | -4.5% |
| Deferred charges and accrued income | 490/1 | €238 | €247 | +€8 | +3.4% |
| Total equity and liabilities | 10/49 | €165,069 | €159,138 | -€5,931 | -3.6% |
| Equity | 10/15 | €161,909 | €158,779 | -€3,131 | -1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €99,909 | €96,779 | -€3,131 | -3.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €93,709 | €90,579 | -€3,131 | -3.3% |
| Amounts payable | 17/49 | €3,160 | €359 | -€2,801 | -88.6% |
| Amounts payable within one year | 42/48 | €3,160 | €359 | -€2,801 | -88.6% |
| Trade debts | 44 | €1,037 | €173 | -€864 | -83.3% |
| Suppliers | 440/4 | €1,037 | €173 | -€864 | -83.3% |
| Taxes, remuneration and social security | 45 | €1,728 | €0 | -€1,728 | -100.0% |
| Taxes | 450/3 | €1,728 | €0 | -€1,728 | -100.0% |
| Other amounts payable | 47/48 | €395 | €186 | -€209 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,855 | €10,630 | +€776 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,640 | €0 | +€3,640 | |
| Other operating charges | 640/8 | €1,368 | €1,333 | -€35 | -2.6% |
| Non-recurring operating charges | 66A | €4,903 | €0 | -€4,903 | -100.0% |
| Gross operating margin | 9900 | €17,856 | €8,741 | -€9,115 | -51.0% |
| Operating profit (loss) | 9901 | €5,370 | -€3,222 | -€8,593 | |
| Financial income | 75/76B | €2 | €178 | +€177 | +11617.1% |
| Recurring financial income | 75 | €2 | €178 | +€177 | +11617.1% |
| Financial charges | 65/66B | €54 | €86 | +€31 | +58.0% |
| Recurring financial charges | 65 | €54 | €86 | +€31 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €5,318 | -€3,130 | -€8,448 | |
| Income taxes | 67/77 | €1,728 | €1 | -€1,727 | -100.0% |
| Profit (loss) for the period | 9904 | €3,590 | -€3,131 | -€6,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,590 | -€3,131 | -€6,720 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.