HEMVEE: 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.
HEMVEE
Largest movements
- Receivables within one year +€14,276
up €14,276 (+2.4%), from €603,937 to €618,213
of which Other amounts receivable: +€14,276
- Cash -€8,603
down €8,603 (-15.5%), from €55,657 to €47,054
mainly Receivables within one year (-€14,276) and Trade debts (-€510)
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€13,193
up €13,193, from €0 to €13,193
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 | €767,733 | €771,378 | +€3,644 | +0.5% |
| Fixed assets | 21/28 | €8,140 | €6,111 | -€2,029 | -24.9% |
| Tangible fixed assets | 22/27 | €8,140 | €6,111 | -€2,029 | -24.9% |
| Plant, machinery and equipment | 23 | €8,140 | €6,111 | -€2,029 | -24.9% |
| Current assets | 29/58 | €759,593 | €765,266 | +€5,673 | +0.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €603,937 | €618,213 | +€14,276 | +2.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €603,937 | €618,213 | +€14,276 | +2.4% |
| Cash at bank and in hand | 54/58 | €55,657 | €47,054 | -€8,603 | -15.5% |
| Total equity and liabilities | 10/49 | €767,733 | €771,378 | +€3,644 | +0.5% |
| Equity | 10/15 | €767,068 | €770,215 | +€3,147 | +0.4% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €241,029 | €241,029 | = | 0.0% |
| Distributable reserves | 133 | €241,029 | €241,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,039 | €29,186 | +€3,147 | +12.1% |
| Amounts payable | 17/49 | €665 | €1,162 | +€497 | +74.8% |
| Amounts payable within one year | 42/48 | €665 | €1,162 | +€497 | +74.8% |
| Trade debts | 44 | €665 | €155 | -€510 | -76.7% |
| Suppliers | 440/4 | €665 | €155 | -€510 | -76.7% |
| Taxes, remuneration and social security | 45 | - | €1,007 | +€1,007 | |
| Taxes | 450/3 | - | €1,007 | +€1,007 | |
| Operating income | 70/76A | €35,000 | €0 | -€35,000 | -100.0% |
| Non-recurring operating income | 76A | €35,000 | €0 | -€35,000 | -100.0% |
| Operating charges | 60/66A | €8,930 | €8,974 | +€44 | +0.5% |
| Services and other goods | 61 | €6,374 | €6,052 | -€322 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,029 | €2,029 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €894 | +€366 | +69.3% |
| Operating profit (loss) | 9901 | €26,070 | -€8,974 | -€35,044 | |
| Financial income | 75/76B | €0 | €13,193 | +€13,193 | |
| Recurring financial income | 75 | €0 | €13,193 | +€13,193 | |
| Income from current assets | 751 | - | €13,193 | +€13,193 | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €31 | €64 | +€34 | +108.6% |
| Recurring financial charges | 65 | €31 | €64 | +€34 | +108.6% |
| Debt charges | 650 | €0 | €35 | +€35 | |
| Other financial charges | 652/9 | €31 | €29 | -€2 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €26,039 | €4,154 | -€21,885 | -84.0% |
| Income taxes | 67/77 | - | €1,007 | +€1,007 | |
| Taxes | 670/3 | - | €1,007 | +€1,007 | |
| Profit (loss) for the period | 9904 | €26,039 | €3,147 | -€22,892 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,039 | €3,147 | -€22,892 | -87.9% |
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.