HEMU: 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.
HEMU
Largest movements
- Financial fixed assets +€95,166
new in 2024: €95,166
- Tangible fixed assets +€11,660
up €11,660 (+1.9%), from €602,662 to €614,322
of which Furniture and vehicles: +€35,418
- Other debts +€160,920
new in 2024: €160,920
- Accrued charges and deferred income -€104,357
down €104,357 (-97.7%), from €106,857 to €2,500
- Reserves +€92,486
up €92,486 (+24.6%), from €375,650 to €468,136
of which Distributable reserves: +€92,486
- Tax, wage and social debts -€39,294
down €39,294 (-41.8%), from €93,983 to €54,688
- Gross operating margin +€234,699
up €234,699, from -€9,434 to €225,265
- Taxes +€48,645
new in 2024: €48,645
- Financial charges +€5,897
up €5,897 (+887.3%), from €665 to €6,562
- Depreciation +€5,450
up €5,450 (+15.7%), from €34,604 to €40,054
- Other operating charges +€2,614
up €2,614 (+74.1%), from €3,527 to €6,140
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €603,748 | €711,224 | +€107,476 | +17.8% |
| Fixed assets | 21/28 | €602,662 | €709,489 | +€106,827 | +17.7% |
| Tangible fixed assets | 22/27 | €602,662 | €614,322 | +€11,660 | +1.9% |
| Land and buildings | 22 | €585,200 | €561,863 | -€23,337 | -4.0% |
| Plant, machinery and equipment | 23 | €1,033 | €613 | -€420 | -40.6% |
| Furniture and vehicles | 24 | €16,429 | €51,847 | +€35,418 | +215.6% |
| Financial fixed assets | 28 | - | €95,166 | +€95,166 | |
| Current assets | 29/58 | €1,086 | €1,735 | +€649 | +59.8% |
| Deferred charges and accrued income | 490/1 | €1,086 | €1,735 | +€649 | +59.8% |
| Total equity and liabilities | 10/49 | €603,748 | €711,224 | +€107,476 | +17.8% |
| Equity | 10/15 | €389,176 | €481,662 | +€92,486 | +23.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €375,650 | €468,136 | +€92,486 | +24.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €369,500 | €461,986 | +€92,486 | +25.0% |
| Profit (loss) carried forward | 14 | -€47,974 | -€47,974 | = | 0.0% |
| Amounts payable | 17/49 | €214,572 | €229,561 | +€14,989 | +7.0% |
| Amounts payable after more than one year | 17 | €2,230 | €2,230 | = | 0.0% |
| Other amounts payable | 178/9 | €2,230 | €2,230 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,485 | €224,831 | +€119,346 | +113.1% |
| Financial debts | 43 | €8,244 | €9,122 | +€878 | +10.7% |
| Credit institutions | 430/8 | €8,244 | €9,122 | +€878 | +10.7% |
| Trade debts | 44 | €3,259 | €101 | -€3,158 | -96.9% |
| Suppliers | 440/4 | €3,259 | €101 | -€3,158 | -96.9% |
| Taxes, remuneration and social security | 45 | €93,983 | €54,688 | -€39,294 | -41.8% |
| Taxes | 450/3 | €93,983 | €54,688 | -€39,294 | -41.8% |
| Other amounts payable | 47/48 | - | €160,920 | +€160,920 | |
| Accrued charges and deferred income | 492/3 | €106,857 | €2,500 | -€104,357 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,604 | €40,054 | +€5,450 | +15.7% |
| Other operating charges | 640/8 | €3,527 | €6,140 | +€2,614 | +74.1% |
| Gross operating margin | 9900 | -€9,434 | €225,265 | +€234,699 | |
| Operating profit (loss) | 9901 | -€47,565 | €179,071 | +€226,636 | |
| Financial income | 75/76B | €9 | €623 | +€614 | +6731.7% |
| Recurring financial income | 75 | €9 | €623 | +€614 | +6731.7% |
| Financial charges | 65/66B | €665 | €6,562 | +€5,897 | +887.3% |
| Recurring financial charges | 65 | €665 | €6,562 | +€5,897 | +887.3% |
| Profit (loss) for the period before taxes | 9903 | -€48,221 | €173,132 | +€221,352 | |
| Income taxes | 67/77 | - | €48,645 | +€48,645 | |
| Profit (loss) for the period | 9904 | -€48,221 | €124,486 | +€172,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,221 | €124,486 | +€172,707 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.