HeMoDe: 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.
HeMoDe
Largest movements
- Tangible fixed assets -€15,685
down €15,685 (-34.1%), from €46,011 to €30,326
of which Furniture and vehicles: -€11,559
- Current investments +€10,000
up €10,000 (+20.0%), from €49,998 to €59,998
- Receivables within one year +€8,682
up €8,682 (+59.4%), from €14,620 to €23,302
- Cash +€3,100
up €3,100 (+100.9%), from €3,071 to €6,170
mainly Depreciation (+€15,685) and Net result for the year (+€11,460)
- Reserves +€11,460
up €11,460 (+14.2%), from €80,806 to €92,267
- Debts after one year -€7,661
down €7,661 (-48.9%), from €15,675 to €8,014
- Trade debts +€1,631
up €1,631 (+43.5%), from €3,750 to €5,382
- Current portion of long-term debt +€1,390
up €1,390 (+19.0%), from €7,324 to €8,713
- Tax, wage and social debts -€1,303
down €1,303 (-28.4%), from €4,592 to €3,289
- Gross operating margin -€18,907
down €18,907 (-34.9%), from €54,150 to €35,243
- Taxes -€6,477
down €6,477 (-52.5%), from €12,336 to €5,859
- Financial charges +€791
up €791 (+45.3%), from €1,745 to €2,536
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 | €115,668 | €121,880 | +€6,212 | +5.4% |
| Fixed assets | 21/28 | €46,011 | €30,326 | -€15,685 | -34.1% |
| Tangible fixed assets | 22/27 | €46,011 | €30,326 | -€15,685 | -34.1% |
| Plant, machinery and equipment | 23 | €4,126 | €0 | -€4,126 | -100.0% |
| Furniture and vehicles | 24 | €41,885 | €30,326 | -€11,559 | -27.6% |
| Current assets | 29/58 | €69,657 | €91,554 | +€21,897 | +31.4% |
| Amounts receivable within one year | 40/41 | €14,620 | €23,302 | +€8,682 | +59.4% |
| Other amounts receivable | 41 | €14,620 | €23,302 | +€8,682 | +59.4% |
| Current investments | 50/53 | €49,998 | €59,998 | +€10,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €3,071 | €6,170 | +€3,100 | +100.9% |
| Deferred charges and accrued income | 490/1 | €1,968 | €2,084 | +€116 | +5.9% |
| Total equity and liabilities | 10/49 | €115,668 | €121,880 | +€6,212 | +5.4% |
| Equity | 10/15 | €83,806 | €95,267 | +€11,460 | +13.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €80,806 | €92,267 | +€11,460 | +14.2% |
| Distributable reserves | 133 | €80,806 | €92,267 | +€11,460 | +14.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €31,861 | €26,613 | -€5,248 | -16.5% |
| Amounts payable after more than one year | 17 | €15,675 | €8,014 | -€7,661 | -48.9% |
| Financial debts | 170/4 | €15,675 | €8,014 | -€7,661 | -48.9% |
| Amounts payable within one year | 42/48 | €16,186 | €17,384 | +€1,198 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €7,324 | €8,713 | +€1,390 | +19.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,750 | €5,382 | +€1,631 | +43.5% |
| Suppliers | 440/4 | €3,750 | €5,382 | +€1,631 | +43.5% |
| Taxes, remuneration and social security | 45 | €4,592 | €3,289 | -€1,303 | -28.4% |
| Taxes | 450/3 | €4,592 | €3,289 | -€1,303 | -28.4% |
| Other amounts payable | 47/48 | €520 | €0 | -€520 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,215 | +€1,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,756 | €15,685 | -€71 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €273 | €237 | -€36 | -13.3% |
| Gross operating margin | 9900 | €54,150 | €35,243 | -€18,907 | -34.9% |
| Operating profit (loss) | 9901 | €38,120 | €19,321 | -€18,799 | -49.3% |
| Financial income | 75/76B | €3 | €534 | +€531 | +17710.3% |
| Recurring financial income | 75 | €3 | €534 | +€531 | +17710.3% |
| Financial charges | 65/66B | €1,745 | €2,536 | +€791 | +45.3% |
| Recurring financial charges | 65 | €1,745 | €2,536 | +€791 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €36,378 | €17,319 | -€19,059 | -52.4% |
| Income taxes | 67/77 | €12,336 | €5,859 | -€6,477 | -52.5% |
| Profit (loss) for the period | 9904 | €24,042 | €11,460 | -€12,582 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,042 | €11,460 | -€12,582 | -52.3% |
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 10 October 2026 via checked.be.