HemSat Tech: 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.
HemSat Tech
Largest movements
- Receivables within one year +€13,982
up €13,982 (+172.5%), from €8,107 to €22,088
of which Trade receivables: +€13,986
- Cash -€11,057
down €11,057 (-21.0%), from €52,554 to €41,498
mainly Receivables within one year (-€13,982) and Debts after one year (-€10,194)
- Tangible fixed assets -€10,785
down €10,785 (-29.8%), from €36,145 to €25,360
of which Furniture and vehicles: -€10,332
- Reserves +€11,827
up €11,827 (+26.4%), from €44,798 to €56,625
- Debts after one year -€10,194
no longer reported in 2025 (was €10,194)
- Tax, wage and social debts -€6,785
down €6,785 (-33.7%), from €20,115 to €13,330
of which Taxes: -€7,288
- Current portion of long-term debt -€1,595
down €1,595 (-14.8%), from €10,786 to €9,191
- Trade debts -€995
down €995 (-7.9%), from €12,572 to €11,577
- Taxes -€7,947
down €7,947 (-54.4%), from €14,615 to €6,669
- Gross operating margin -€6,792
down €6,792 (-9.5%), from €71,576 to €64,784
- Staff costs +€1,594
up €1,594 (+4.8%), from €32,998 to €34,591
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 | €98,466 | €90,725 | -€7,742 | -7.9% |
| Fixed assets | 21/28 | €36,145 | €25,360 | -€10,785 | -29.8% |
| Tangible fixed assets | 22/27 | €36,145 | €25,360 | -€10,785 | -29.8% |
| Furniture and vehicles | 24 | €35,692 | €25,360 | -€10,332 | -28.9% |
| Leasing and similar rights | 25 | €453 | - | -€453 | |
| Current assets | 29/58 | €62,321 | €65,364 | +€3,043 | +4.9% |
| Amounts receivable within one year | 40/41 | €8,107 | €22,088 | +€13,982 | +172.5% |
| Trade receivables | 40 | €5,445 | €19,431 | +€13,986 | +256.9% |
| Other amounts receivable | 41 | €2,662 | €2,657 | -€4 | -0.2% |
| Cash at bank and in hand | 54/58 | €52,554 | €41,498 | -€11,057 | -21.0% |
| Deferred charges and accrued income | 490/1 | €1,660 | €1,778 | +€118 | +7.1% |
| Total equity and liabilities | 10/49 | €98,466 | €90,725 | -€7,742 | -7.9% |
| Equity | 10/15 | €44,799 | €56,626 | +€11,827 | +26.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €44,798 | €56,625 | +€11,827 | +26.4% |
| Distributable reserves | 133 | €44,798 | €56,625 | +€11,827 | +26.4% |
| Amounts payable | 17/49 | €53,667 | €34,098 | -€19,569 | -36.5% |
| Amounts payable after more than one year | 17 | €10,194 | - | -€10,194 | |
| Financial debts | 170/4 | €10,194 | - | -€10,194 | |
| Amounts payable within one year | 42/48 | €43,474 | €34,098 | -€9,375 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €10,786 | €9,191 | -€1,595 | -14.8% |
| Trade debts | 44 | €12,572 | €11,577 | -€995 | -7.9% |
| Suppliers | 440/4 | €12,572 | €11,577 | -€995 | -7.9% |
| Taxes, remuneration and social security | 45 | €20,115 | €13,330 | -€6,785 | -33.7% |
| Taxes | 450/3 | €15,635 | €8,347 | -€7,288 | -46.6% |
| Remuneration and social security | 454/9 | €4,481 | €4,983 | +€503 | +11.2% |
| Remuneration, social security and pensions | 62 | €32,998 | €34,591 | +€1,594 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,426 | €10,785 | +€359 | +3.4% |
| Other operating charges | 640/8 | €587 | €222 | -€365 | -62.1% |
| Gross operating margin | 9900 | €71,576 | €64,784 | -€6,792 | -9.5% |
| Operating profit (loss) | 9901 | €27,566 | €19,185 | -€8,380 | -30.4% |
| Financial income | 75/76B | €139 | €144 | +€5 | +3.6% |
| Recurring financial income | 75 | €139 | €144 | +€5 | +3.6% |
| Financial charges | 65/66B | €1,349 | €834 | -€515 | -38.2% |
| Recurring financial charges | 65 | €1,349 | €834 | -€515 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €26,356 | €18,496 | -€7,860 | -29.8% |
| Income taxes | 67/77 | €14,615 | €6,669 | -€7,947 | -54.4% |
| Profit (loss) for the period | 9904 | €11,741 | €11,827 | +€86 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,741 | €11,827 | +€86 | +0.7% |
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.