HET HEMELS BROOD: 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.
HET HEMELS BROOD
Largest movements
- Cash +€52,928
up €52,928 (+52.4%), from €101,026 to €153,954
mainly Net result for the year (+€103,605) and Depreciation (+€60,391)
- Tangible fixed assets -€30,402
down €30,402 (-3.5%), from €864,096 to €833,694
of which Plant, machinery and equipment: -€24,227
- Receivables within one year +€28,278
up €28,278 (+50.9%), from €55,521 to €83,800
of which Trade receivables: +€25,654
- Profit (loss) carried forward +€103,605
up €103,605 (+44.2%), from €234,529 to €338,134
- Debts after one year -€60,972
down €60,972 (-14.2%), from €429,103 to €368,132
- Trade debts +€38,031
up €38,031 (+52.0%), from €73,194 to €111,226
- Advances received +€26,724
new in 2025: €26,724
- Tax, wage and social debts -€25,874
down €25,874 (-28.3%), from €91,344 to €65,470
of which Remuneration and social security: -€17,875
- Staff costs +€36,875
up €36,875 (+12.9%), from €285,680 to €322,556
- Gross operating margin +€30,900
up €30,900 (+6.0%), from €517,573 to €548,473
- Financial charges -€6,139
down €6,139 (-20.0%), from €30,728 to €24,589
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 | €1,038,024 | €1,097,256 | +€59,233 | +5.7% |
| Fixed assets | 21/28 | €864,096 | €833,694 | -€30,402 | -3.5% |
| Tangible fixed assets | 22/27 | €864,096 | €833,694 | -€30,402 | -3.5% |
| Land and buildings | 22 | €689,151 | €683,185 | -€5,967 | -0.9% |
| Plant, machinery and equipment | 23 | €174,528 | €150,301 | -€24,227 | -13.9% |
| Other tangible fixed assets | 26 | €417 | €208 | -€208 | -50.0% |
| Current assets | 29/58 | €173,928 | €263,562 | +€89,634 | +51.5% |
| Stocks and contracts in progress | 3 | €11,523 | €20,481 | +€8,959 | +77.7% |
| Stocks | 30/36 | €11,523 | €20,481 | +€8,959 | +77.7% |
| Amounts receivable within one year | 40/41 | €55,521 | €83,800 | +€28,278 | +50.9% |
| Trade receivables | 40 | €15,112 | €40,766 | +€25,654 | +170% |
| Other amounts receivable | 41 | €40,409 | €43,034 | +€2,625 | +6.5% |
| Current investments | 50/53 | €2,859 | €2,859 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €101,026 | €153,954 | +€52,928 | +52.4% |
| Deferred charges and accrued income | 490/1 | €2,999 | €2,468 | -€531 | -17.7% |
| Total equity and liabilities | 10/49 | €1,038,024 | €1,097,256 | +€59,233 | +5.7% |
| Equity | 10/15 | €262,831 | €366,436 | +€103,605 | +39.4% |
| Contributions | 10/11 | €25,729 | €25,729 | = | 0.0% |
| Reserves | 13 | €2,573 | €2,573 | = | 0.0% |
| Distributable reserves | 133 | €2,573 | €2,573 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,529 | €338,134 | +€103,605 | +44.2% |
| Amounts payable | 17/49 | €775,193 | €730,820 | -€44,373 | -5.7% |
| Amounts payable after more than one year | 17 | €429,103 | €368,132 | -€60,972 | -14.2% |
| Financial debts | 170/4 | €429,103 | €368,132 | -€60,972 | -14.2% |
| Amounts payable within one year | 42/48 | €319,915 | €359,121 | +€39,206 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €65,794 | €60,980 | -€4,815 | -7.3% |
| Trade debts | 44 | €73,194 | €111,226 | +€38,031 | +52.0% |
| Suppliers | 440/4 | €73,194 | €111,226 | +€38,031 | +52.0% |
| Advances received on contracts in progress | 46 | - | €26,724 | +€26,724 | |
| Taxes, remuneration and social security | 45 | €91,344 | €65,470 | -€25,874 | -28.3% |
| Taxes | 450/3 | €20,746 | €12,747 | -€7,999 | -38.6% |
| Remuneration and social security | 454/9 | €70,598 | €52,723 | -€17,875 | -25.3% |
| Other amounts payable | 47/48 | €89,583 | €94,723 | +€5,140 | +5.7% |
| Accrued charges and deferred income | 492/3 | €26,174 | €3,567 | -€22,607 | -86.4% |
| Remuneration, social security and pensions | 62 | €285,680 | €322,556 | +€36,875 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,367 | €60,391 | +€1,025 | +1.7% |
| Other operating charges | 640/8 | €5,916 | €8,082 | +€2,166 | +36.6% |
| Gross operating margin | 9900 | €517,573 | €548,473 | +€30,900 | +6.0% |
| Operating profit (loss) | 9901 | €166,610 | €157,444 | -€9,166 | -5.5% |
| Financial income | 75/76B | €7 | €17 | +€10 | +128% |
| Recurring financial income | 75 | €7 | €17 | +€10 | +128% |
| Financial charges | 65/66B | €30,728 | €24,589 | -€6,139 | -20.0% |
| Recurring financial charges | 65 | €30,728 | €24,589 | -€6,139 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €135,890 | €132,873 | -€3,017 | -2.2% |
| Income taxes | 67/77 | €26,040 | €29,267 | +€3,227 | +12.4% |
| Profit (loss) for the period | 9904 | €109,850 | €103,605 | -€6,245 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €109,850 | €103,605 | -€6,245 | -5.7% |
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 1 November 2026 via checked.be.