HEMISFEER: 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.
HEMISFEER
Largest movements
- Receivables within one year -€104,691
down €104,691 (-10.4%), from €1.0m to €905,661
of which Trade receivables: -€79,083
- Receivables after one year -€50,000
down €50,000 (-11.1%), from €450,000 to €400,000
- Cash +€16,242
up €16,242 (+550%), from €2,954 to €19,197
mainly Net result for the year (+€109,687) and Receivables within one year (+€104,691)
- Reserves -€124,882
down €124,882 (-20.8%), from €601,237 to €476,356
of which Distributable reserves: -€124,882
- Trade debts -€76,698
down €76,698 (-10.0%), from €768,601 to €691,903
- Tax, wage and social debts +€70,426
up €70,426 (+70.5%), from €99,895 to €170,320
- Gross operating margin +€22,371
up €22,371 (+13.8%), from €162,485 to €184,856
- Taxes +€5,100
up €5,100 (+10.5%), from €48,516 to €53,616
- Other operating charges +€4,958
up €4,958 (+131%), from €3,775 to €8,734
- Financial charges +€2,150
up €2,150 (+16.1%), from €13,390 to €15,540
of which Non-recurring financial charges: +€4,303
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 | €1,477,126 | €1,346,321 | -€130,804 | -8.9% |
| Fixed assets | 21/28 | €9,248 | €19,130 | +€9,882 | +107% |
| Tangible fixed assets | 22/27 | €9,248 | €19,130 | +€9,882 | +107% |
| Plant, machinery and equipment | 23 | €4,820 | €3,777 | -€1,042 | -21.6% |
| Furniture and vehicles | 24 | €239 | €0 | -€239 | -100% |
| Other tangible fixed assets | 26 | €4,190 | €15,353 | +€11,163 | +266% |
| Current assets | 29/58 | €1,467,878 | €1,327,192 | -€140,686 | -9.6% |
| Amounts receivable after more than one year | 29 | €450,000 | €400,000 | -€50,000 | -11.1% |
| Other amounts receivable | 291 | €450,000 | €400,000 | -€50,000 | -11.1% |
| Amounts receivable within one year | 40/41 | €1,010,351 | €905,661 | -€104,691 | -10.4% |
| Trade receivables | 40 | €710,209 | €631,126 | -€79,083 | -11.1% |
| Other amounts receivable | 41 | €300,142 | €274,534 | -€25,608 | -8.5% |
| Cash at bank and in hand | 54/58 | €2,954 | €19,197 | +€16,242 | +550% |
| Deferred charges and accrued income | 490/1 | €4,572 | €2,334 | -€2,238 | -48.9% |
| Total equity and liabilities | 10/49 | €1,477,126 | €1,346,321 | -€130,804 | -8.9% |
| Equity | 10/15 | €607,437 | €482,556 | -€124,882 | -20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €601,237 | €476,356 | -€124,882 | -20.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €599,377 | €474,496 | -€124,882 | -20.8% |
| Amounts payable | 17/49 | €869,688 | €863,766 | -€5,922 | -0.7% |
| Amounts payable within one year | 42/48 | €868,496 | €862,223 | -€6,273 | -0.7% |
| Trade debts | 44 | €768,601 | €691,903 | -€76,698 | -10.0% |
| Suppliers | 440/4 | €768,601 | €691,903 | -€76,698 | -10.0% |
| Taxes, remuneration and social security | 45 | €99,895 | €170,320 | +€70,426 | +70.5% |
| Taxes | 450/3 | €99,895 | €170,320 | +€70,426 | +70.5% |
| Accrued charges and deferred income | 492/3 | €1,193 | €1,543 | +€350 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,158 | €3,741 | +€583 | +18.5% |
| Other operating charges | 640/8 | €3,775 | €8,734 | +€4,958 | +131% |
| Gross operating margin | 9900 | €162,485 | €184,856 | +€22,371 | +13.8% |
| Operating profit (loss) | 9901 | €155,552 | €172,381 | +€16,830 | +10.8% |
| Financial income | 75/76B | €6,941 | €6,461 | -€480 | -6.9% |
| Recurring financial income | 75 | €6,941 | €6,461 | -€480 | -6.9% |
| Financial charges | 65/66B | €13,390 | €15,540 | +€2,150 | +16.1% |
| Recurring financial charges | 65 | €13,390 | €11,237 | -€2,153 | -16.1% |
| Non-recurring financial charges | 66B | - | €4,303 | +€4,303 | |
| Profit (loss) for the period before taxes | 9903 | €149,103 | €163,302 | +€14,200 | +9.5% |
| Income taxes | 67/77 | €48,516 | €53,616 | +€5,100 | +10.5% |
| Profit (loss) for the period | 9904 | €100,587 | €109,687 | +€9,100 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,587 | €109,687 | +€9,100 | +9.0% |
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 14 October 2026 via checked.be.