HEMSEE: 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.
HEMSEE
Largest movements
- Cash +€16,646
up €16,646 (+80.9%), from €20,569 to €37,215
mainly Net result for the year (+€15,518) and Receivables within one year (+€11,608)
- Receivables within one year -€11,608
down €11,608 (-40.9%), from €28,401 to €16,793
of which Trade receivables: -€13,068
- Tangible fixed assets -€1,458
down €1,458 (-26.7%), from €5,453 to €3,995
- Reserves +€14,685
up €14,685 (+52.8%), from €27,803 to €42,488
- Tax, wage and social debts -€5,015
down €5,015 (-40.3%), from €12,443 to €7,429
of which Taxes: -€5,104
- Other debts -€4,864
down €4,864 (-58.8%), from €8,265 to €3,401
- Trade debts -€862
down €862 (-28.1%), from €3,070 to €2,208
- Gross operating margin -€5,620
down €5,620 (-16.9%), from €33,206 to €27,586
- Taxes -€1,400
down €1,400 (-16.9%), from €8,263 to €6,863
- Financial charges -€658
down €658 (-18.7%), from €3,514 to €2,856
- Depreciation +€342
up €342 (+20.2%), from €1,693 to €2,036
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 | €55,124 | €58,808 | +€3,684 | +6.7% |
| Fixed assets | 21/28 | €5,453 | €3,995 | -€1,458 | -26.7% |
| Tangible fixed assets | 22/27 | €5,453 | €3,995 | -€1,458 | -26.7% |
| Furniture and vehicles | 24 | €5,453 | €3,995 | -€1,458 | -26.7% |
| Current assets | 29/58 | €49,671 | €54,813 | +€5,142 | +10.4% |
| Amounts receivable within one year | 40/41 | €28,401 | €16,793 | -€11,608 | -40.9% |
| Trade receivables | 40 | €27,661 | €14,593 | -€13,068 | -47.2% |
| Other amounts receivable | 41 | €740 | €2,200 | +€1,460 | +197.3% |
| Cash at bank and in hand | 54/58 | €20,569 | €37,215 | +€16,646 | +80.9% |
| Deferred charges and accrued income | 490/1 | €701 | €805 | +€103 | +14.7% |
| Total equity and liabilities | 10/49 | €55,124 | €58,808 | +€3,684 | +6.7% |
| Equity | 10/15 | €30,803 | €45,488 | +€14,685 | +47.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,803 | €42,488 | +€14,685 | +52.8% |
| Distributable reserves | 133 | €27,803 | €42,488 | +€14,685 | +52.8% |
| Amounts payable | 17/49 | €24,322 | €13,321 | -€11,001 | -45.2% |
| Amounts payable within one year | 42/48 | €23,778 | €13,038 | -€10,740 | -45.2% |
| Trade debts | 44 | €3,070 | €2,208 | -€862 | -28.1% |
| Suppliers | 440/4 | €3,070 | €2,208 | -€862 | -28.1% |
| Taxes, remuneration and social security | 45 | €12,443 | €7,429 | -€5,015 | -40.3% |
| Taxes | 450/3 | €9,343 | €4,239 | -€5,104 | -54.6% |
| Remuneration and social security | 454/9 | €3,100 | €3,190 | +€89 | +2.9% |
| Other amounts payable | 47/48 | €8,265 | €3,401 | -€4,864 | -58.8% |
| Accrued charges and deferred income | 492/3 | €543 | €283 | -€261 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,693 | €2,036 | +€342 | +20.2% |
| Other operating charges | 640/8 | €506 | €524 | +€18 | +3.6% |
| Gross operating margin | 9900 | €33,206 | €27,586 | -€5,620 | -16.9% |
| Operating profit (loss) | 9901 | €31,007 | €25,026 | -€5,981 | -19.3% |
| Financial income | 75/76B | €61 | €210 | +€149 | +244.2% |
| Recurring financial income | 75 | €61 | €210 | +€149 | +244.2% |
| Financial charges | 65/66B | €3,514 | €2,856 | -€658 | -18.7% |
| Recurring financial charges | 65 | €3,514 | €2,856 | -€658 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €27,554 | €22,380 | -€5,173 | -18.8% |
| Income taxes | 67/77 | €8,263 | €6,863 | -€1,400 | -16.9% |
| Profit (loss) for the period | 9904 | €19,291 | €15,518 | -€3,773 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,291 | €15,518 | -€3,773 | -19.6% |
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 5 October 2026 via checked.be.