HEMEN: what changed
HEMEN
Largest movements
- Receivables within one year +€135,478
up €135,478 (+94.6%), from €143,199 to €278,677
of which Trade receivables: +€125,188
- Cash -€89,705
down €89,705 (-90.8%), from €98,775 to €9,070
mainly Receivables within one year (-€135,478) and Trade debts (-€8,434)
- Tangible fixed assets -€17,342
down €17,342 (-35.2%), from €49,203 to €31,861
of which Furniture and vehicles: -€16,828
- Profit (loss) carried forward +€28,110
up €28,110 (+10.9%), from €258,070 to €286,181
- Trade debts -€8,434
down €8,434 (-59.8%), from €14,094 to €5,659
- Tax, wage and social debts +€6,562
up €6,562 (+20.6%), from €31,800 to €38,362
of which Taxes: +€9,412
- Gross operating margin -€22,838
down €22,838 (-18.1%), from €125,905 to €103,067
- Staff costs +€12,956
up €12,956 (+44.8%), from €28,921 to €41,877
- Taxes -€11,658
down €11,658 (-46.9%), from €24,869 to €13,212
- Depreciation +€5,138
up €5,138 (+31.3%), from €16,407 to €21,545
- Financial income -€2,632
down €2,632 (-31.0%), from €8,498 to €5,867
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,424 | €353,662 | +€26,238 | +8.0% |
| Fixed assets | 21/28 | €50,228 | €32,886 | -€17,342 | -34.5% |
| Tangible fixed assets | 22/27 | €49,203 | €31,861 | -€17,342 | -35.2% |
| Plant, machinery and equipment | 23 | €4,322 | €3,198 | -€1,124 | -26.0% |
| Furniture and vehicles | 24 | €43,244 | €26,416 | -€16,828 | -38.9% |
| Other tangible fixed assets | 26 | €1,638 | €2,248 | +€610 | +37.2% |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €277,195 | €320,776 | +€43,580 | +15.7% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €143,199 | €278,677 | +€135,478 | +94.6% |
| Trade receivables | 40 | €1,259 | €126,447 | +€125,188 | +9,940% |
| Other amounts receivable | 41 | €141,940 | €152,230 | +€10,291 | +7.3% |
| Cash at bank and in hand | 54/58 | €98,775 | €9,070 | -€89,705 | -90.8% |
| Deferred charges and accrued income | 490/1 | €10,221 | €8,028 | -€2,194 | -21.5% |
| Total equity and liabilities | 10/49 | €327,424 | €353,662 | +€26,238 | +8.0% |
| Equity | 10/15 | €278,530 | €306,641 | +€28,110 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,070 | €286,181 | +€28,110 | +10.9% |
| Amounts payable | 17/49 | €48,893 | €47,021 | -€1,873 | -3.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €45,893 | €44,021 | -€1,873 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,094 | €5,659 | -€8,434 | -59.8% |
| Suppliers | 440/4 | €14,094 | €5,659 | -€8,434 | -59.8% |
| Taxes, remuneration and social security | 45 | €31,800 | €38,362 | +€6,562 | +20.6% |
| Taxes | 450/3 | €25,354 | €34,767 | +€9,412 | +37.1% |
| Remuneration and social security | 454/9 | €6,446 | €3,595 | -€2,851 | -44.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €28,921 | €41,877 | +€12,956 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,407 | €21,545 | +€5,138 | +31.3% |
| Other operating charges | 640/8 | €2,249 | €2,448 | +€199 | +8.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €125,905 | €103,067 | -€22,838 | -18.1% |
| Operating profit (loss) | 9901 | €78,328 | €37,197 | -€41,131 | -52.5% |
| Financial income | 75/76B | €8,498 | €5,867 | -€2,632 | -31.0% |
| Recurring financial income | 75 | €8,498 | €5,867 | -€2,632 | -31.0% |
| Financial charges | 65/66B | €1,647 | €1,741 | +€94 | +5.7% |
| Recurring financial charges | 65 | €1,647 | €1,741 | +€94 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €85,180 | €41,322 | -€43,857 | -51.5% |
| Income taxes | 67/77 | €24,869 | €13,212 | -€11,658 | -46.9% |
| Profit (loss) for the period | 9904 | €60,310 | €28,110 | -€32,200 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,310 | €28,110 | -€32,200 | -53.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.