Hemsrode MS: 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.
Hemsrode MS
Largest movements
- Receivables within one year +€164,875
new in 2025: €164,875
- Cash -€61,532
down €61,532 (-86.8%), from €70,926 to €9,395
mainly Debts after one year (-€294,055) and Receivables within one year (-€164,875)
- Profit (loss) carried forward +€359,625
up €359,625 (+70.0%), from €513,409 to €873,034
- Debts after one year -€294,055
down €294,055 (-50.2%), from €585,847 to €291,792
- Other debts +€90,000
new in 2025: €90,000
- Tax, wage and social debts -€53,452
down €53,452 (-64.2%), from €83,193 to €29,742
- Gross operating margin +€137,962
up €137,962 (+39.8%), from €346,968 to €484,930
- Taxes +€37,218
up €37,218 (+46.8%), from €79,462 to €116,680
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 | €1,771,504 | €1,874,873 | +€103,370 | +5.8% |
| Fixed assets | 21/28 | €1,700,000 | €1,700,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,700,000 | €1,700,000 | = | 0.0% |
| Current assets | 29/58 | €71,504 | €174,873 | +€103,370 | +144.6% |
| Amounts receivable within one year | 40/41 | - | €164,875 | +€164,875 | |
| Trade receivables | 40 | - | €164,875 | +€164,875 | |
| Cash at bank and in hand | 54/58 | €70,926 | €9,395 | -€61,532 | -86.8% |
| Deferred charges and accrued income | 490/1 | €577 | €604 | +€26 | +4.6% |
| Total equity and liabilities | 10/49 | €1,771,504 | €1,874,873 | +€103,370 | +5.8% |
| Equity | 10/15 | €959,409 | €1,319,034 | +€359,625 | +37.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €296,000 | €296,000 | = | 0.0% |
| Distributable reserves | 133 | €296,000 | €296,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €513,409 | €873,034 | +€359,625 | +70.0% |
| Amounts payable | 17/49 | €812,095 | €555,839 | -€256,256 | -31.6% |
| Amounts payable after more than one year | 17 | €585,847 | €291,792 | -€294,055 | -50.2% |
| Financial debts | 170/4 | €585,847 | €291,792 | -€294,055 | -50.2% |
| Amounts payable within one year | 42/48 | €226,248 | €264,047 | +€37,799 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €142,839 | €144,055 | +€1,215 | +0.9% |
| Trade debts | 44 | €216 | €251 | +€35 | +16.3% |
| Suppliers | 440/4 | €216 | €251 | +€35 | +16.3% |
| Taxes, remuneration and social security | 45 | €83,193 | €29,742 | -€53,452 | -64.2% |
| Taxes | 450/3 | €83,193 | €29,742 | -€53,452 | -64.2% |
| Other amounts payable | 47/48 | - | €90,000 | +€90,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,505 | - | -€3,505 | |
| Other operating charges | 640/8 | €753 | €2,241 | +€1,488 | +197.6% |
| Gross operating margin | 9900 | €346,968 | €484,930 | +€137,962 | +39.8% |
| Operating profit (loss) | 9901 | €342,709 | €482,689 | +€139,980 | +40.8% |
| Financial charges | 65/66B | €7,603 | €6,384 | -€1,219 | -16.0% |
| Recurring financial charges | 65 | €7,603 | €6,384 | -€1,219 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €335,107 | €476,305 | +€141,198 | +42.1% |
| Income taxes | 67/77 | €79,462 | €116,680 | +€37,218 | +46.8% |
| Profit (loss) for the period | 9904 | €255,645 | €359,625 | +€103,980 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €255,645 | €359,625 | +€103,980 | +40.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.