Big Hammer: what changed
Two fiscal 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.
Big Hammer
Largest movements
- Cash -€42,648
down €42,648 (-85.3%), from €50,018 to €7,370
mainly Debts after one year (-€50,746) and Receivables within one year (-€22,577)
- Tangible fixed assets -€35,777
down €35,777 (-20.1%), from €178,005 to €142,228
- Receivables within one year +€22,577
up €22,577 (+1663.5%), from €1,357 to €23,934
of which Trade receivables: +€15,309
- Deferred charges and accrued income +€2,328
new in 2025: €2,328
- Debts after one year -€50,746
down €50,746 (-23.7%), from €213,744 to €162,997
of which Other amounts payable: -€35,000
- Profit (loss) carried forward -€11,557
down €11,557 (-172.1%), from -€6,714 to -€18,271
- Other debts +€3,002
new in 2025: €3,002
- Trade debts +€2,785
up €2,785 (+298.9%), from €932 to €3,717
- Tax, wage and social debts +€2,390
new in 2025: €2,390
- Gross operating margin +€59,042
up €59,042, from -€5,425 to €53,618
- Depreciation +€34,897
up €34,897 (+3966.7%), from €880 to €35,777
- Staff costs +€15,482
new in 2025: €15,482
- Other operating charges +€10,859
up €10,859 (+2803.4%), from €387 to €11,246
- Financial charges +€2,138
up €2,138 (+8815.5%), from €24 to €2,162
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.
Cash bridge derived
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 | €229,380 | €175,860 | -€53,521 | -23.3% |
| Fixed assets | 21/28 | €178,005 | €142,228 | -€35,777 | -20.1% |
| Tangible fixed assets | 22/27 | €178,005 | €142,228 | -€35,777 | -20.1% |
| Furniture and vehicles | 24 | €178,005 | €142,228 | -€35,777 | -20.1% |
| Current assets | 29/58 | €51,375 | €33,631 | -€17,744 | -34.5% |
| Amounts receivable within one year | 40/41 | €1,357 | €23,934 | +€22,577 | +1663.5% |
| Trade receivables | 40 | €1,357 | €16,667 | +€15,309 | +1128.0% |
| Other amounts receivable | 41 | - | €7,267 | +€7,267 | |
| Cash at bank and in hand | 54/58 | €50,018 | €7,370 | -€42,648 | -85.3% |
| Deferred charges and accrued income | 490/1 | - | €2,328 | +€2,328 | |
| Total equity and liabilities | 10/49 | €229,380 | €175,860 | -€53,521 | -23.3% |
| Equity | 10/15 | -€436 | -€11,993 | -€11,557 | -2650.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78 | €78 | = | 0.0% |
| Non-distributable reserves | 130/1 | €78 | €0 | -€78 | -100.0% |
| Reserves not available under the articles | 1311 | €78 | €0 | -€78 | -100.0% |
| Distributable reserves | 133 | - | €78 | +€78 | |
| Profit (loss) carried forward | 14 | -€6,714 | -€18,271 | -€11,557 | -172.1% |
| Amounts payable | 17/49 | €229,816 | €187,853 | -€41,964 | -18.3% |
| Amounts payable after more than one year | 17 | €213,744 | €162,997 | -€50,746 | -23.7% |
| Financial debts | 170/4 | €43,403 | €27,656 | -€15,746 | -36.3% |
| Other amounts payable | 178/9 | €170,341 | €135,341 | -€35,000 | -20.5% |
| Amounts payable within one year | 42/48 | €16,073 | €24,855 | +€8,783 | +54.6% |
| Current portion of amounts payable after more than one year | 42 | €15,141 | €15,746 | +€606 | +4.0% |
| Trade debts | 44 | €932 | €3,717 | +€2,785 | +298.9% |
| Suppliers | 440/4 | €932 | €3,717 | +€2,785 | +298.9% |
| Taxes, remuneration and social security | 45 | - | €2,390 | +€2,390 | |
| Taxes | 450/3 | - | €2,390 | +€2,390 | |
| Other amounts payable | 47/48 | - | €3,002 | +€3,002 | |
| Remuneration, social security and pensions | 62 | - | €15,482 | +€15,482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €880 | €35,777 | +€34,897 | +3966.7% |
| Other operating charges | 640/8 | €387 | €11,246 | +€10,859 | +2803.4% |
| Gross operating margin | 9900 | -€5,425 | €53,618 | +€59,042 | |
| Operating profit (loss) | 9901 | -€6,692 | -€8,888 | -€2,196 | -32.8% |
| Financial income | 75/76B | €2 | €32 | +€30 | +1213.1% |
| Recurring financial income | 75 | €2 | €32 | +€30 | +1213.1% |
| Financial charges | 65/66B | €24 | €2,162 | +€2,138 | +8815.5% |
| Recurring financial charges | 65 | €24 | €2,162 | +€2,138 | +8815.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,714 | -€11,018 | -€4,304 | -64.1% |
| Income taxes | 67/77 | - | €539 | +€539 | |
| Profit (loss) for the period | 9904 | -€6,714 | -€11,557 | -€4,843 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,714 | -€11,557 | -€4,843 | -72.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.