Hemlock AT: 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.
Hemlock AT
Largest movements
- Current investments +€11,706
up €11,706 (+272.7%), from €4,292 to €15,998
- Cash +€10,691
up €10,691 (+45.8%), from €23,318 to €34,009
mainly Net result for the year (+€29,974) and Tax, wage and social debts (+€2,754)
- Receivables within one year +€7,871
up €7,871 (+53.9%), from €14,598 to €22,469
of which Other amounts receivable: +€5,451
- Tangible fixed assets +€3,310
new in 2025: €3,310
- Reserves +€29,974
up €29,974 (+146.0%), from €20,531 to €50,505
- Tax, wage and social debts +€2,754
up €2,754 (+17.2%), from €16,039 to €18,793
of which Taxes: +€2,754
- Trade debts +€849
up €849 (+133.0%), from €638 to €1,488
- Gross operating margin +€15,196
up €15,196 (+53.1%), from €28,627 to €43,823
- Taxes +€3,750
up €3,750 (+46.3%), from €8,101 to €11,851
- Other operating charges +€1,059
new in 2025: €1,059
- Depreciation +€809
new in 2025: €809
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 | €42,208 | €75,786 | +€33,577 | +79.6% |
| Fixed assets | 21/28 | - | €3,310 | +€3,310 | |
| Tangible fixed assets | 22/27 | - | €3,310 | +€3,310 | |
| Furniture and vehicles | 24 | - | €3,310 | +€3,310 | |
| Current assets | 29/58 | €42,208 | €72,476 | +€30,268 | +71.7% |
| Amounts receivable within one year | 40/41 | €14,598 | €22,469 | +€7,871 | +53.9% |
| Trade receivables | 40 | €10,890 | €13,310 | +€2,420 | +22.2% |
| Other amounts receivable | 41 | €3,708 | €9,159 | +€5,451 | +147.0% |
| Current investments | 50/53 | €4,292 | €15,998 | +€11,706 | +272.7% |
| Cash at bank and in hand | 54/58 | €23,318 | €34,009 | +€10,691 | +45.8% |
| Total equity and liabilities | 10/49 | €42,208 | €75,786 | +€33,577 | +79.6% |
| Equity | 10/15 | €25,531 | €55,505 | +€29,974 | +117.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,531 | €50,505 | +€29,974 | +146.0% |
| Distributable reserves | 133 | €20,531 | €50,505 | +€29,974 | +146.0% |
| Amounts payable | 17/49 | €16,677 | €20,281 | +€3,603 | +21.6% |
| Amounts payable within one year | 42/48 | €16,677 | €20,281 | +€3,603 | +21.6% |
| Trade debts | 44 | €638 | €1,488 | +€849 | +133.0% |
| Suppliers | 440/4 | €638 | €1,488 | +€849 | +133.0% |
| Taxes, remuneration and social security | 45 | €16,039 | €18,793 | +€2,754 | +17.2% |
| Taxes | 450/3 | €13,611 | €16,365 | +€2,754 | +20.2% |
| Remuneration and social security | 454/9 | €2,428 | €2,428 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €809 | +€809 | |
| Other operating charges | 640/8 | - | €1,059 | +€1,059 | |
| Gross operating margin | 9900 | €28,627 | €43,823 | +€15,196 | +53.1% |
| Operating profit (loss) | 9901 | €28,627 | €41,955 | +€13,329 | +46.6% |
| Financial income | 75/76B | €112 | €280 | +€168 | +149.1% |
| Recurring financial income | 75 | €112 | €280 | +€168 | +149.1% |
| Financial charges | 65/66B | €107 | €410 | +€303 | +282.2% |
| Recurring financial charges | 65 | €107 | €410 | +€303 | +282.2% |
| Profit (loss) for the period before taxes | 9903 | €28,632 | €41,825 | +€13,193 | +46.1% |
| Income taxes | 67/77 | €8,101 | €11,851 | +€3,750 | +46.3% |
| Profit (loss) for the period | 9904 | €20,531 | €29,974 | +€9,443 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,531 | €29,974 | +€9,443 | +46.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.