HEMP: 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.
HEMP
Largest movements
- Financial fixed assets +€661,250
up €661,250 (+44.1%), from €1.5m to €2.2m
- Cash +€471,379
up €471,379 (+137%), from €344,251 to €815,630
mainly Net result for the year (+€1.4m) and Other debts (+€997,000)
- Tangible fixed assets +€127,628
up €127,628 (+220%), from €58,118 to €185,746
- Other debts +€997,000
up €997,000 (+845%), from €118,000 to €1.1m
- Profit (loss) carried forward +€298,813
up €298,813 (+20.3%), from €1.5m to €1.8m
- Financial income +€1.5m
up €1.5m, from €0 to €1.5m
- Other operating charges +€7,827
up €7,827 (+645%), from €1,214 to €9,041
- Gross operating margin -€3,998
down €3,998 (-90.7%), from €4,408 to €410
- Financial charges -€1,253
down €1,253 (-26.4%), from €4,744 to €3,491
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 | €1,954,865 | €3,249,676 | +€1.3m | +66.2% |
| Fixed assets | 21/28 | €1,558,118 | €2,346,996 | +€788,878 | +50.6% |
| Tangible fixed assets | 22/27 | €58,118 | €185,746 | +€127,628 | +220% |
| Furniture and vehicles | 24 | €58,118 | €185,746 | +€127,628 | +220% |
| Financial fixed assets | 28 | €1,500,000 | €2,161,250 | +€661,250 | +44.1% |
| Current assets | 29/58 | €396,747 | €902,680 | +€505,933 | +128% |
| Amounts receivable within one year | 40/41 | €48,941 | €79,933 | +€30,993 | +63.3% |
| Trade receivables | 40 | €37,510 | €37,510 | = | 0.0% |
| Other amounts receivable | 41 | €11,431 | €42,423 | +€30,993 | +271% |
| Cash at bank and in hand | 54/58 | €344,251 | €815,630 | +€471,379 | +137% |
| Deferred charges and accrued income | 490/1 | €3,556 | €7,117 | +€3,561 | +100% |
| Total equity and liabilities | 10/49 | €1,954,865 | €3,249,676 | +€1.3m | +66.2% |
| Equity | 10/15 | €1,474,035 | €1,772,848 | +€298,813 | +20.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,471,035 | €1,769,848 | +€298,813 | +20.3% |
| Amounts payable | 17/49 | €480,830 | €1,476,828 | +€995,998 | +207% |
| Amounts payable after more than one year | 17 | €162,180 | €135,475 | -€26,705 | -16.5% |
| Financial debts | 170/4 | €162,180 | €135,475 | -€26,705 | -16.5% |
| Amounts payable within one year | 42/48 | €315,544 | €1,339,011 | +€1.0m | +324% |
| Current portion of amounts payable after more than one year | 42 | €168,018 | €192,747 | +€24,729 | +14.7% |
| Trade debts | 44 | €214 | €190 | -€24 | -11.3% |
| Suppliers | 440/4 | €214 | €190 | -€24 | -11.3% |
| Taxes, remuneration and social security | 45 | €29,312 | €31,075 | +€1,763 | +6.0% |
| Taxes | 450/3 | €19,312 | €21,075 | +€1,763 | +9.1% |
| Remuneration and social security | 454/9 | €10,000 | €10,000 | = | 0.0% |
| Other amounts payable | 47/48 | €118,000 | €1,115,000 | +€997,000 | +845% |
| Accrued charges and deferred income | 492/3 | €3,106 | €2,342 | -€764 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,283 | €22,283 | = | 0.0% |
| Other operating charges | 640/8 | €1,214 | €9,041 | +€7,827 | +645% |
| Gross operating margin | 9900 | €4,408 | €410 | -€3,998 | -90.7% |
| Operating profit (loss) | 9901 | -€19,088 | -€30,914 | -€11,825 | -62.0% |
| Financial income | 75/76B | €0 | €1,450,000 | +€1.5m | |
| Recurring financial income | 75 | €0 | €1,450,000 | +€1.5m | |
| Financial charges | 65/66B | €4,744 | €3,491 | -€1,253 | -26.4% |
| Recurring financial charges | 65 | €4,744 | €3,491 | -€1,253 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,832 | €1,415,595 | +€1.4m | |
| Income taxes | 67/77 | €1,769 | €1,783 | +€14 | +0.8% |
| Profit (loss) for the period | 9904 | -€25,601 | €1,413,813 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,601 | €1,413,813 | +€1.4m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.