HESMO: 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.
HESMO
Largest movements
- Receivables within one year +€22,286
up €22,286 (+51.0%), from €43,725 to €66,011
of which Other amounts receivable: +€22,086
- Cash +€9,528
up €9,528 (+218.5%), from €4,360 to €13,887
mainly Net result for the year (+€26,943) and Tax, wage and social debts (+€14,173)
- Tangible fixed assets +€9,427
up €9,427 (+3.7%), from €255,305 to €264,732
- Reserves +€26,943
up €26,943 (+23.5%), from €114,690 to €141,633
- Tax, wage and social debts +€14,173
up €14,173 (+236.0%), from €6,006 to €20,179
- Debts after one year -€8,693
down €8,693 (-7.2%), from €120,760 to €112,067
- Current portion of long-term debt +€6,040
up €6,040 (+32.9%), from €18,334 to €24,373
- Gross operating margin +€30,328
up €30,328 (+95.8%), from €31,666 to €61,995
- Taxes +€10,472
up €10,472 (+315.7%), from €3,317 to €13,790
- Financial income +€1,492
up €1,492 (+785278.9%), from €0 to €1,492
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,828 | €345,334 | +€39,506 | +12.9% |
| Fixed assets | 21/28 | €255,395 | €264,822 | +€9,427 | +3.7% |
| Tangible fixed assets | 22/27 | €255,305 | €264,732 | +€9,427 | +3.7% |
| Land and buildings | 22 | €255,305 | €264,732 | +€9,427 | +3.7% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €50,433 | €80,512 | +€30,079 | +59.6% |
| Amounts receivable within one year | 40/41 | €43,725 | €66,011 | +€22,286 | +51.0% |
| Trade receivables | 40 | €960 | €1,160 | +€200 | +20.8% |
| Other amounts receivable | 41 | €42,765 | €64,851 | +€22,086 | +51.6% |
| Current investments | 50/53 | €1,912 | - | -€1,912 | |
| Cash at bank and in hand | 54/58 | €4,360 | €13,887 | +€9,528 | +218.5% |
| Deferred charges and accrued income | 490/1 | €438 | €614 | +€176 | +40.2% |
| Total equity and liabilities | 10/49 | €305,828 | €345,334 | +€39,506 | +12.9% |
| Equity | 10/15 | €154,040 | €180,982 | +€26,943 | +17.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €114,690 | €141,633 | +€26,943 | +23.5% |
| Distributable reserves | 133 | €114,690 | €141,633 | +€26,943 | +23.5% |
| Profit (loss) carried forward | 14 | €19,350 | €19,350 | = | 0.0% |
| Amounts payable | 17/49 | €151,789 | €164,352 | +€12,563 | +8.3% |
| Amounts payable after more than one year | 17 | €120,760 | €112,067 | -€8,693 | -7.2% |
| Financial debts | 170/4 | €120,760 | €112,067 | -€8,693 | -7.2% |
| Amounts payable within one year | 42/48 | €29,546 | €51,485 | +€21,939 | +74.3% |
| Current portion of amounts payable after more than one year | 42 | €18,334 | €24,373 | +€6,040 | +32.9% |
| Trade debts | 44 | €5,206 | €6,932 | +€1,726 | +33.2% |
| Suppliers | 440/4 | €5,206 | €6,932 | +€1,726 | +33.2% |
| Taxes, remuneration and social security | 45 | €6,006 | €20,179 | +€14,173 | +236.0% |
| Taxes | 450/3 | €6,006 | €20,179 | +€14,173 | +236.0% |
| Accrued charges and deferred income | 492/3 | €1,483 | €800 | -€683 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,013 | €13,055 | +€41 | +0.3% |
| Other operating charges | 640/8 | €6,081 | €6,314 | +€233 | +3.8% |
| Gross operating margin | 9900 | €31,666 | €61,995 | +€30,328 | +95.8% |
| Operating profit (loss) | 9901 | €12,572 | €42,626 | +€30,054 | +239.1% |
| Financial income | 75/76B | €0 | €1,492 | +€1,492 | +785278.9% |
| Recurring financial income | 75 | €0 | €1,492 | +€1,492 | +785278.9% |
| Financial charges | 65/66B | €3,750 | €3,386 | -€364 | -9.7% |
| Recurring financial charges | 65 | €3,750 | €3,386 | -€364 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €8,822 | €40,732 | +€31,910 | +361.7% |
| Income taxes | 67/77 | €3,317 | €13,790 | +€10,472 | +315.7% |
| Profit (loss) for the period | 9904 | €5,505 | €26,943 | +€21,438 | +389.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,505 | €26,943 | +€21,438 | +389.4% |
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 11 October 2026 via checked.be.