HEMINGWAYS: 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.
HEMINGWAYS
Largest movements
- Cash -€23,714
down €23,714 (-64.3%), from €36,880 to €13,166
mainly Net result for the year (-€25,027) and Investment in fixed assets (net) (-€11,039)
- Receivables within one year +€5,729
up €5,729 (+7.1%), from €80,899 to €86,628
of which Other amounts receivable: +€18,145
- Intangible fixed assets +€4,948
new in 2025: €4,948
- Profit (loss) carried forward -€25,027
down €25,027 (-85.3%), from -€29,353 to -€54,380
- Trade debts +€21,792
up €21,792 (+31.6%), from €68,972 to €90,764
- Tax, wage and social debts -€10,602
down €10,602 (-25.2%), from €42,004 to €31,403
of which Remuneration and social security: -€22,862
- Other debts -€2,882
no longer reported in 2025 (was €2,882)
- Accrued charges and deferred income +€1,698
up €1,698 (+79.7%), from €2,130 to €3,828
- Gross operating margin -€30,044
down €30,044 (-11.7%), from €256,505 to €226,461
- Depreciation -€5,382
down €5,382 (-45.3%), from €11,880 to €6,498
- Staff costs +€2,954
up €2,954 (+1.3%), from €233,247 to €236,201
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 | €151,647 | €138,136 | -€13,511 | -8.9% |
| Fixed assets | 21/28 | €25,287 | €29,829 | +€4,542 | +18.0% |
| Intangible fixed assets | 21 | - | €4,948 | +€4,948 | |
| Tangible fixed assets | 22/27 | €25,287 | €24,880 | -€407 | -1.6% |
| Land and buildings | 22 | €12,050 | €12,358 | +€308 | +2.6% |
| Plant, machinery and equipment | 23 | €9,484 | €4,947 | -€4,537 | -47.8% |
| Furniture and vehicles | 24 | €3,753 | €2,499 | -€1,253 | -33.4% |
| Leasing and similar rights | 25 | - | €5,075 | +€5,075 | |
| Current assets | 29/58 | €126,360 | €108,308 | -€18,052 | -14.3% |
| Stocks and contracts in progress | 3 | €4,426 | €5,048 | +€622 | +14.0% |
| Stocks | 30/36 | €4,426 | €5,048 | +€622 | +14.0% |
| Amounts receivable within one year | 40/41 | €80,899 | €86,628 | +€5,729 | +7.1% |
| Trade receivables | 40 | €25,511 | €13,095 | -€12,416 | -48.7% |
| Other amounts receivable | 41 | €55,388 | €73,533 | +€18,145 | +32.8% |
| Cash at bank and in hand | 54/58 | €36,880 | €13,166 | -€23,714 | -64.3% |
| Deferred charges and accrued income | 490/1 | €4,155 | €3,466 | -€689 | -16.6% |
| Total equity and liabilities | 10/49 | €151,647 | €138,136 | -€13,511 | -8.9% |
| Equity | 10/15 | -€6,192 | -€31,220 | -€25,027 | -404.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,960 | €16,960 | = | 0.0% |
| Distributable reserves | 133 | €16,960 | €16,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,353 | -€54,380 | -€25,027 | -85.3% |
| Amounts payable | 17/49 | €157,839 | €169,356 | +€11,517 | +7.3% |
| Amounts payable after more than one year | 17 | €13,169 | €13,352 | +€183 | +1.4% |
| Financial debts | 170/4 | €13,169 | €13,352 | +€183 | +1.4% |
| Amounts payable within one year | 42/48 | €142,540 | €152,176 | +€9,636 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €3,681 | €5,009 | +€1,328 | +36.1% |
| Trade debts | 44 | €68,972 | €90,764 | +€21,792 | +31.6% |
| Suppliers | 440/4 | €68,972 | €90,764 | +€21,792 | +31.6% |
| Advances received on contracts in progress | 46 | €25,000 | €25,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €42,004 | €31,403 | -€10,602 | -25.2% |
| Taxes | 450/3 | €19,136 | €31,397 | +€12,260 | +64.1% |
| Remuneration and social security | 454/9 | €22,868 | €6 | -€22,862 | -100.0% |
| Other amounts payable | 47/48 | €2,882 | - | -€2,882 | |
| Accrued charges and deferred income | 492/3 | €2,130 | €3,828 | +€1,698 | +79.7% |
| Remuneration, social security and pensions | 62 | €233,247 | €236,201 | +€2,954 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,880 | €6,498 | -€5,382 | -45.3% |
| Other operating charges | 640/8 | €4,595 | €4,721 | +€127 | +2.8% |
| Gross operating margin | 9900 | €256,505 | €226,461 | -€30,044 | -11.7% |
| Operating profit (loss) | 9901 | €6,784 | -€20,959 | -€27,743 | |
| Financial income | 75/76B | - | €275 | +€275 | |
| Recurring financial income | 75 | - | €275 | +€275 | |
| Non-recurring financial income | 76B | - | €275 | +€275 | |
| Financial charges | 65/66B | €4,159 | €4,344 | +€185 | +4.4% |
| Recurring financial charges | 65 | €4,159 | €4,344 | +€185 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €2,625 | -€25,027 | -€27,653 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €2,625 | -€25,027 | -€27,653 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,625 | -€25,027 | -€27,653 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.