Hemlin: 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.
Hemlin
Largest movements
- Receivables within one year -€28,517
down €28,517 (-59.4%), from €47,983 to €19,466
of which Trade receivables: -€25,188
- Cash -€8,557
down €8,557 (-55.5%), from €15,413 to €6,855
mainly Contributions, distributions and other (-€48,541) and Tax, wage and social debts (-€9,519)
- Tangible fixed assets -€3,987
down €3,987 (-45.1%), from €8,846 to €4,859
- Reserves -€22,590
down €22,590 (-100.0%), from €22,590 to €0
- Tax, wage and social debts -€9,519
down €9,519 (-100.0%), from €9,519 to €0
- Other debts -€4,512
down €4,512 (-12.3%), from €36,738 to €32,227
- Contributions -€4,000
down €4,000 (-100.0%), from €4,000 to €0
- Gross operating margin -€9,615
down €9,615 (-22.5%), from €42,728 to €33,112
- Taxes -€1,616
down €1,616 (-20.0%), from €8,072 to €6,456
- Depreciation +€1,601
up €1,601 (+67.1%), from €2,385 to €3,987
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 | €72,846 | €32,364 | -€40,482 | -55.6% |
| Fixed assets | 21/28 | €8,846 | €4,859 | -€3,987 | -45.1% |
| Tangible fixed assets | 22/27 | €8,846 | €4,859 | -€3,987 | -45.1% |
| Furniture and vehicles | 24 | €8,846 | €4,859 | -€3,987 | -45.1% |
| Current assets | 29/58 | €64,001 | €27,505 | -€36,496 | -57.0% |
| Amounts receivable within one year | 40/41 | €47,983 | €19,466 | -€28,517 | -59.4% |
| Trade receivables | 40 | €25,355 | €166 | -€25,188 | -99.3% |
| Other amounts receivable | 41 | €22,628 | €19,300 | -€3,329 | -14.7% |
| Cash at bank and in hand | 54/58 | €15,413 | €6,855 | -€8,557 | -55.5% |
| Deferred charges and accrued income | 490/1 | €605 | €1,184 | +€579 | +95.7% |
| Total equity and liabilities | 10/49 | €72,846 | €32,364 | -€40,482 | -55.6% |
| Equity | 10/15 | €26,590 | €0 | -€26,590 | -100.0% |
| Contributions | 10/11 | €4,000 | €0 | -€4,000 | -100.0% |
| Reserves | 13 | €22,590 | €0 | -€22,590 | -100.0% |
| Distributable reserves | 133 | €22,590 | €0 | -€22,590 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,257 | €32,364 | -€13,893 | -30.0% |
| Amounts payable within one year | 42/48 | €46,257 | €32,364 | -€13,893 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | €137 | +€137 | |
| Suppliers | 440/4 | €0 | €137 | +€137 | |
| Taxes, remuneration and social security | 45 | €9,519 | €0 | -€9,519 | -100.0% |
| Taxes | 450/3 | €9,519 | €0 | -€9,519 | -100.0% |
| Other amounts payable | 47/48 | €36,738 | €32,227 | -€4,512 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,385 | €3,987 | +€1,601 | +67.1% |
| Other operating charges | 640/8 | €578 | €594 | +€16 | +2.8% |
| Gross operating margin | 9900 | €42,728 | €33,112 | -€9,615 | -22.5% |
| Operating profit (loss) | 9901 | €39,764 | €28,532 | -€11,232 | -28.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €406 | €125 | -€282 | -69.3% |
| Recurring financial charges | 65 | €406 | €125 | -€282 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €39,358 | €28,407 | -€10,951 | -27.8% |
| Income taxes | 67/77 | €8,072 | €6,456 | -€1,616 | -20.0% |
| Profit (loss) for the period | 9904 | €31,287 | €21,951 | -€9,335 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,287 | €21,951 | -€9,335 | -29.8% |
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 11 October 2026 via checked.be.