Hemingway Industries: 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.
Hemingway Industries
Largest movements
- Receivables within one year +€16,850
up €16,850 (+147%), from €11,495 to €28,345
of which Trade receivables: +€19,555
- Tangible fixed assets +€6,509
up €6,509 (+403%), from €1,616 to €8,125
- Cash -€2,893
down €2,893 (-99.7%), from €2,901 to €8
mainly Receivables within one year (-€16,850) and Investment in fixed assets (net) (-€7,573)
- Other debts +€15,475
new in 2023: €15,475
- Trade debts +€10,092
up €10,092 (+2,189%), from €461 to €10,553
- Accrued charges and deferred income -€7,500
no longer reported in 2023 (was €7,500)
- Profit (loss) carried forward +€2,380
up €2,380 (+888%), from €268 to €2,648
- Gross operating margin +€2,287
up €2,287 (+131%), from €1,743 to €4,030
- Depreciation +€781
up €781 (+276%), from €283 to €1,064
- Financial charges -€386
down €386 (-77.7%), from €497 to €111
- Other operating charges -€220
down €220 (-31.7%), from €695 to €475
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,159 | €36,478 | +€20,319 | +126% |
| Fixed assets | 21/28 | €1,616 | €8,125 | +€6,509 | +403% |
| Tangible fixed assets | 22/27 | €1,616 | €8,125 | +€6,509 | +403% |
| Furniture and vehicles | 24 | €1,616 | €8,125 | +€6,509 | +403% |
| Current assets | 29/58 | €14,543 | €28,353 | +€13,810 | +95.0% |
| Amounts receivable within one year | 40/41 | €11,495 | €28,345 | +€16,850 | +147% |
| Trade receivables | 40 | €7,745 | €27,300 | +€19,555 | +252% |
| Other amounts receivable | 41 | €3,750 | €1,045 | -€2,705 | -72.1% |
| Cash at bank and in hand | 54/58 | €2,901 | €8 | -€2,893 | -99.7% |
| Deferred charges and accrued income | 490/1 | €147 | - | -€147 | |
| Total equity and liabilities | 10/49 | €16,159 | €36,478 | +€20,319 | +126% |
| Equity | 10/15 | €1,268 | €3,648 | +€2,380 | +188% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268 | €2,648 | +€2,380 | +888% |
| Amounts payable | 17/49 | €14,891 | €32,830 | +€17,939 | +120% |
| Amounts payable within one year | 42/48 | €7,391 | €32,830 | +€25,439 | +344% |
| Trade debts | 44 | €461 | €10,553 | +€10,092 | +2,189% |
| Suppliers | 440/4 | €461 | €10,553 | +€10,092 | +2,189% |
| Taxes, remuneration and social security | 45 | €6,930 | €6,802 | -€128 | -1.8% |
| Taxes | 450/3 | €6,930 | €6,802 | -€128 | -1.8% |
| Other amounts payable | 47/48 | - | €15,475 | +€15,475 | |
| Accrued charges and deferred income | 492/3 | €7,500 | - | -€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €1,064 | +€781 | +276% |
| Other operating charges | 640/8 | €695 | €475 | -€220 | -31.7% |
| Gross operating margin | 9900 | €1,743 | €4,030 | +€2,287 | +131% |
| Operating profit (loss) | 9901 | €765 | €2,491 | +€1,726 | +226% |
| Financial charges | 65/66B | €497 | €111 | -€386 | -77.7% |
| Recurring financial charges | 65 | €497 | €111 | -€386 | -77.7% |
| Profit (loss) for the period before taxes | 9903 | €268 | €2,380 | +€2,112 | +788% |
| Profit (loss) for the period | 9904 | €268 | €2,380 | +€2,112 | +788% |
| Profit (loss) for the period to be appropriated | 9905 | €268 | €2,380 | +€2,112 | +788% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.