HEMY: 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.
HEMY
Largest movements
- Stocks and contracts +€2.1m
up €2.1m (+39.4%), from €5.2m to €7.3m
- Cash +€683,879
up €683,879 (+115%), from €596,423 to €1.3m
mainly Short-term financial debts (+€2.2m) and Other debts (+€361,934)
- Short-term financial debts +€2.2m
up €2.2m (+148%), from €1.5m to €3.7m
- Other debts +€361,934
up €361,934 (+23.3%), from €1.6m to €1.9m
- Reserves +€147,000
up €147,000 (+4.3%), from €3.4m to €3.6m
- Gross operating margin -€727,985
down €727,985 (-63.5%), from €1.1m to €418,210
- Taxes -€253,982
down €253,982 (-79.9%), from €317,934 to €63,952
- Financial charges -€82,117
down €82,117 (-34.9%), from €235,481 to €153,364
- Depreciation +€16,608
up €16,608 (+219%), from €7,592 to €24,200
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.
Derived cash bridge
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 | €7,159,755 | €9,934,056 | +€2.8m | +38.7% |
| Fixed assets | 21/28 | €103,279 | €101,931 | -€1,349 | -1.3% |
| Tangible fixed assets | 22/27 | €103,089 | €101,741 | -€1,349 | -1.3% |
| Plant, machinery and equipment | 23 | €1,323 | €874 | -€449 | -34.0% |
| Furniture and vehicles | 24 | €101,766 | €100,867 | -€899 | -0.9% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €7,056,476 | €9,832,125 | +€2.8m | +39.3% |
| Stocks and contracts in progress | 3 | €5,212,689 | €7,268,401 | +€2.1m | +39.4% |
| Stocks | 30/36 | €5,212,689 | €7,268,401 | +€2.1m | +39.4% |
| Amounts receivable within one year | 40/41 | €1,247,365 | €1,283,422 | +€36,057 | +2.9% |
| Other amounts receivable | 41 | €1,247,365 | €1,283,422 | +€36,057 | +2.9% |
| Cash at bank and in hand | 54/58 | €596,423 | €1,280,302 | +€683,879 | +115% |
| Total equity and liabilities | 10/49 | €7,159,755 | €9,934,056 | +€2.8m | +38.7% |
| Equity | 10/15 | €3,984,199 | €4,131,633 | +€147,434 | +3.7% |
| Contributions | 10/11 | €75,460 | €75,460 | = | 0.0% |
| Reserves | 13 | €3,445,000 | €3,592,000 | +€147,000 | +4.3% |
| Distributable reserves | 133 | €3,445,000 | €3,592,000 | +€147,000 | +4.3% |
| Profit (loss) carried forward | 14 | €463,739 | €464,173 | +€434 | +0.1% |
| Amounts payable | 17/49 | €3,175,556 | €5,802,422 | +€2.6m | +82.7% |
| Amounts payable after more than one year | 17 | €31,953 | €18,418 | -€13,535 | -42.4% |
| Financial debts | 170/4 | €31,953 | €18,418 | -€13,535 | -42.4% |
| Amounts payable within one year | 42/48 | €3,119,137 | €5,759,538 | +€2.6m | +84.7% |
| Current portion of amounts payable after more than one year | 42 | €13,535 | €13,535 | = | 0.0% |
| Financial debts | 43 | €1,494,863 | €3,708,358 | +€2.2m | +148% |
| Credit institutions | 430/8 | €1,494,863 | €3,708,358 | +€2.2m | +148% |
| Trade debts | 44 | €17,481 | €88,604 | +€71,123 | +407% |
| Suppliers | 440/4 | €17,481 | €88,604 | +€71,123 | +407% |
| Taxes, remuneration and social security | 45 | €36,728 | €30,577 | -€6,152 | -16.7% |
| Taxes | 450/3 | €31,474 | €25,296 | -€6,178 | -19.6% |
| Remuneration and social security | 454/9 | €5,254 | €5,280 | +€26 | +0.5% |
| Other amounts payable | 47/48 | €1,556,530 | €1,918,464 | +€361,934 | +23.3% |
| Accrued charges and deferred income | 492/3 | €24,466 | €24,466 | = | 0.0% |
| Non-recurring operating income | 76A | - | €401 | +€401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,592 | €24,200 | +€16,608 | +219% |
| Other operating charges | 640/8 | €30,379 | €29,860 | -€519 | -1.7% |
| Gross operating margin | 9900 | €1,146,196 | €418,210 | -€727,985 | -63.5% |
| Operating profit (loss) | 9901 | €1,108,224 | €364,150 | -€744,074 | -67.1% |
| Financial income | 75/76B | €79 | €601 | +€522 | +663% |
| Recurring financial income | 75 | €79 | €601 | +€522 | +663% |
| Financial charges | 65/66B | €235,481 | €153,364 | -€82,117 | -34.9% |
| Recurring financial charges | 65 | €235,481 | €153,364 | -€82,117 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €872,822 | €211,387 | -€661,435 | -75.8% |
| Income taxes | 67/77 | €317,934 | €63,952 | -€253,982 | -79.9% |
| Profit (loss) for the period | 9904 | €554,888 | €147,434 | -€407,454 | -73.4% |
| Transfer from tax-exempt reserves | 789 | €210,500 | - | -€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €765,388 | €147,434 | -€617,954 | -80.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.