HEMMAX: 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.
HEMMAX
Largest movements
- Cash +€158,956
up €158,956 (+166%), from €95,491 to €254,447
mainly Net result for the year (+€205,606) and Debts after one year (+€93,956)
- Intangible fixed assets +€84,060
new in 2024: €84,060
- Tangible fixed assets +€58,691
up €58,691 (+7.5%), from €778,656 to €837,347
of which Furniture and vehicles: +€113,503
- Profit (loss) carried forward +€111,640
up €111,640 (+119%), from €93,966 to €205,606
- Reserves +€93,966
up €93,966 (+50.6%), from €185,792 to €279,758
- Debts after one year +€93,956
up €93,956 (+20.2%), from €465,625 to €559,581
- Other debts -€57,622
down €57,622 (-78.0%), from €73,877 to €16,255
- Tax, wage and social debts +€31,735
up €31,735 (+482%), from €6,585 to €38,320
of which Taxes: +€25,191
- Gross operating margin +€283,695
up €283,695 (+87.9%), from €322,751 to €606,446
- Staff costs +€105,224
up €105,224 (+92.9%), from €113,276 to €218,500
- Taxes +€25,215
up €25,215 (+84.1%), from €29,976 to €55,191
- Depreciation -€24,364
down €24,364 (-30.9%), from €78,918 to €54,554
- Financial charges +€11,177
up €11,177 (+169%), from €6,616 to €17,793
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €904,144 | €1,209,128 | +€304,984 | +33.7% |
| Fixed assets | 21/28 | €778,656 | €921,407 | +€142,751 | +18.3% |
| Intangible fixed assets | 21 | - | €84,060 | +€84,060 | |
| Tangible fixed assets | 22/27 | €778,656 | €837,347 | +€58,691 | +7.5% |
| Land and buildings | 22 | €602,320 | €602,300 | -€20 | 0.0% |
| Plant, machinery and equipment | 23 | €2,597 | €2,328 | -€269 | -10.4% |
| Furniture and vehicles | 24 | €82,120 | €195,623 | +€113,503 | +138% |
| Other tangible fixed assets | 26 | €91,619 | €37,096 | -€54,523 | -59.5% |
| Current assets | 29/58 | €125,488 | €287,721 | +€162,233 | +129% |
| Amounts receivable within one year | 40/41 | €27,964 | €31,735 | +€3,771 | +13.5% |
| Trade receivables | 40 | €2,940 | €16,735 | +€13,795 | +469% |
| Other amounts receivable | 41 | €25,024 | €15,000 | -€10,024 | -40.1% |
| Cash at bank and in hand | 54/58 | €95,491 | €254,447 | +€158,956 | +166% |
| Deferred charges and accrued income | 490/1 | €2,033 | €1,539 | -€494 | -24.3% |
| Total equity and liabilities | 10/49 | €904,144 | €1,209,128 | +€304,984 | +33.7% |
| Equity | 10/15 | €298,358 | €503,964 | +€205,606 | +68.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,792 | €279,758 | +€93,966 | +50.6% |
| Distributable reserves | 133 | €185,792 | €279,758 | +€93,966 | +50.6% |
| Profit (loss) carried forward | 14 | €93,966 | €205,606 | +€111,640 | +119% |
| Amounts payable | 17/49 | €605,786 | €705,164 | +€99,378 | +16.4% |
| Amounts payable after more than one year | 17 | €465,625 | €559,581 | +€93,956 | +20.2% |
| Financial debts | 170/4 | €465,625 | €559,581 | +€93,956 | +20.2% |
| Amounts payable within one year | 42/48 | €127,599 | €136,906 | +€9,307 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €27,620 | €57,942 | +€30,322 | +110% |
| Trade debts | 44 | €19,517 | €24,389 | +€4,872 | +25.0% |
| Suppliers | 440/4 | €19,517 | €24,389 | +€4,872 | +25.0% |
| Taxes, remuneration and social security | 45 | €6,585 | €38,320 | +€31,735 | +482% |
| Taxes | 450/3 | - | €25,191 | +€25,191 | |
| Remuneration and social security | 454/9 | €6,585 | €13,129 | +€6,544 | +99.4% |
| Other amounts payable | 47/48 | €73,877 | €16,255 | -€57,622 | -78.0% |
| Accrued charges and deferred income | 492/3 | €12,562 | €8,677 | -€3,885 | -30.9% |
| Non-recurring operating income | 76A | - | €65,916 | +€65,916 | |
| Remuneration, social security and pensions | 62 | €113,276 | €218,500 | +€105,224 | +92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,918 | €54,554 | -€24,364 | -30.9% |
| Non-recurring operating charges | 66A | - | €54,802 | +€54,802 | |
| Gross operating margin | 9900 | €322,751 | €606,446 | +€283,695 | +87.9% |
| Operating profit (loss) | 9901 | €130,557 | €278,590 | +€148,033 | +113% |
| Financial charges | 65/66B | €6,616 | €17,793 | +€11,177 | +169% |
| Recurring financial charges | 65 | €6,616 | €17,793 | +€11,177 | +169% |
| Profit (loss) for the period before taxes | 9903 | €123,941 | €260,797 | +€136,856 | +110% |
| Income taxes | 67/77 | €29,976 | €55,191 | +€25,215 | +84.1% |
| Profit (loss) for the period | 9904 | €93,965 | €205,606 | +€111,641 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €93,965 | €205,606 | +€111,641 | +119% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.