Hémo Cardio: 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.
Hémo Cardio
Largest movements
- Receivables within one year +€69,656
up €69,656 (+265%), from €26,320 to €95,976
of which Trade receivables: +€88,167
- Deferred charges and accrued income -€55,167
down €55,167 (-93.3%), from €59,113 to €3,946
- Tangible fixed assets +€21,507
up €21,507 (+8.2%), from €262,677 to €284,184
of which Assets under construction and advance payments: +€38,451
- Cash -€5,091
down €5,091 (-4.9%), from €104,021 to €98,930
mainly Contributions, distributions and other (-€165,000) and Receivables within one year (-€69,656)
- Other debts +€65,489
up €65,489 (+7,624%), from €859 to €66,348
- Profit (loss) carried forward -€33,358
down €33,358 (-17.5%), from €190,662 to €157,304
- Debts after one year -€13,871
down €13,871 (-5.9%), from €233,504 to €219,633
- Tax, wage and social debts +€12,128
up €12,128 (+197%), from €6,169 to €18,296
- Gross operating margin +€47,085
up €47,085 (+31.3%), from €150,335 to €197,420
- Other operating charges -€37,202
down €37,202 (-94.1%), from €39,540 to €2,337
- Taxes +€18,451
up €18,451 (+81.7%), from €22,591 to €41,043
- Financial charges +€5,939
up €5,939 (+697%), from €852 to €6,791
- Depreciation +€5,274
up €5,274 (+48.6%), from €10,848 to €16,123
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 | €452,131 | €483,036 | +€30,905 | +6.8% |
| Fixed assets | 21/28 | €262,677 | €284,184 | +€21,507 | +8.2% |
| Tangible fixed assets | 22/27 | €262,677 | €284,184 | +€21,507 | +8.2% |
| Land and buildings | 22 | €246,798 | €240,623 | -€6,175 | -2.5% |
| Furniture and vehicles | 24 | €15,880 | €5,110 | -€10,769 | -67.8% |
| Assets under construction and advance payments | 27 | - | €38,451 | +€38,451 | |
| Current assets | 29/58 | €189,454 | €198,852 | +€9,398 | +5.0% |
| Amounts receivable within one year | 40/41 | €26,320 | €95,976 | +€69,656 | +265% |
| Trade receivables | 40 | - | €88,167 | +€88,167 | |
| Other amounts receivable | 41 | €26,320 | €7,809 | -€18,512 | -70.3% |
| Cash at bank and in hand | 54/58 | €104,021 | €98,930 | -€5,091 | -4.9% |
| Deferred charges and accrued income | 490/1 | €59,113 | €3,946 | -€55,167 | -93.3% |
| Total equity and liabilities | 10/49 | €452,131 | €483,036 | +€30,905 | +6.8% |
| Equity | 10/15 | €194,662 | €161,304 | -€33,358 | -17.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,662 | €157,304 | -€33,358 | -17.5% |
| Amounts payable | 17/49 | €257,469 | €321,732 | +€64,263 | +25.0% |
| Amounts payable after more than one year | 17 | €233,504 | €219,633 | -€13,871 | -5.9% |
| Financial debts | 170/4 | €233,504 | €219,633 | -€13,871 | -5.9% |
| Amounts payable within one year | 42/48 | €22,800 | €100,838 | +€78,038 | +342% |
| Current portion of amounts payable after more than one year | 42 | €13,496 | €13,871 | +€376 | +2.8% |
| Trade debts | 44 | €2,276 | €2,322 | +€46 | +2.0% |
| Suppliers | 440/4 | €2,276 | €2,322 | +€46 | +2.0% |
| Taxes, remuneration and social security | 45 | €6,169 | €18,296 | +€12,128 | +197% |
| Taxes | 450/3 | €6,169 | €18,296 | +€12,128 | +197% |
| Other amounts payable | 47/48 | €859 | €66,348 | +€65,489 | +7,624% |
| Accrued charges and deferred income | 492/3 | €1,165 | €1,261 | +€96 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,848 | €16,123 | +€5,274 | +48.6% |
| Other operating charges | 640/8 | €39,540 | €2,337 | -€37,202 | -94.1% |
| Gross operating margin | 9900 | €150,335 | €197,420 | +€47,085 | +31.3% |
| Operating profit (loss) | 9901 | €99,947 | €178,960 | +€79,013 | +79.1% |
| Financial income | 75/76B | €807 | €516 | -€292 | -36.1% |
| Recurring financial income | 75 | €807 | €516 | -€292 | -36.1% |
| Financial charges | 65/66B | €852 | €6,791 | +€5,939 | +697% |
| Recurring financial charges | 65 | €852 | €6,791 | +€5,939 | +697% |
| Profit (loss) for the period before taxes | 9903 | €99,902 | €172,685 | +€72,783 | +72.9% |
| Income taxes | 67/77 | €22,591 | €41,043 | +€18,451 | +81.7% |
| Profit (loss) for the period | 9904 | €77,311 | €131,642 | +€54,331 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,311 | €131,642 | +€54,331 | +70.3% |
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 22 October 2026 via checked.be.