EL HAMROUNI: 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.
EL HAMROUNI
Largest movements
- Deferred charges and accrued income -€29,849
down €29,849 (-37.5%), from €79,689 to €49,840
- Receivables within one year +€21,334
up €21,334 (+107%), from €19,970 to €41,304
- Cash -€10,636
down €10,636 (-2.9%), from €372,565 to €361,929
mainly Contributions, distributions and other (-€54,723) and Receivables within one year (-€21,334)
- Tangible fixed assets +€8,150
up €8,150 (+1,022%), from €797 to €8,947
of which Furniture and vehicles: +€8,666
- Tax, wage and social debts -€6,419
no longer reported in 2025 (was €6,419)
- Gross operating margin -€102,778
down €102,778 (-57.8%), from €177,915 to €75,137
- Taxes -€20,814
down €20,814 (-52.7%), from €39,479 to €18,666
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 | €473,021 | €462,020 | -€11,001 | -2.3% |
| Fixed assets | 21/28 | €797 | €8,947 | +€8,150 | +1,022% |
| Tangible fixed assets | 22/27 | €797 | €8,947 | +€8,150 | +1,022% |
| Plant, machinery and equipment | 23 | €797 | €281 | -€516 | -64.7% |
| Furniture and vehicles | 24 | - | €8,666 | +€8,666 | |
| Current assets | 29/58 | €472,224 | €453,073 | -€19,151 | -4.1% |
| Amounts receivable within one year | 40/41 | €19,970 | €41,304 | +€21,334 | +107% |
| Other amounts receivable | 41 | €19,970 | €41,304 | +€21,334 | +107% |
| Cash at bank and in hand | 54/58 | €372,565 | €361,929 | -€10,636 | -2.9% |
| Deferred charges and accrued income | 490/1 | €79,689 | €49,840 | -€29,849 | -37.5% |
| Total equity and liabilities | 10/49 | €473,021 | €462,020 | -€11,001 | -2.3% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €470,521 | €459,520 | -€11,001 | -2.3% |
| Amounts payable within one year | 42/48 | €470,521 | €459,520 | -€11,001 | -2.3% |
| Taxes, remuneration and social security | 45 | €6,419 | - | -€6,419 | |
| Taxes | 450/3 | €6,419 | - | -€6,419 | |
| Other amounts payable | 47/48 | €464,102 | €459,520 | -€4,582 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €516 | €1,503 | +€987 | +191% |
| Other operating charges | 640/8 | €101 | €103 | +€2 | +2.0% |
| Gross operating margin | 9900 | €177,915 | €75,137 | -€102,778 | -57.8% |
| Operating profit (loss) | 9901 | €177,298 | €73,531 | -€103,767 | -58.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €139 | €142 | +€3 | +2.3% |
| Recurring financial charges | 65 | €139 | €142 | +€3 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €177,159 | €73,389 | -€103,770 | -58.6% |
| Income taxes | 67/77 | €39,479 | €18,666 | -€20,814 | -52.7% |
| Profit (loss) for the period | 9904 | €137,680 | €54,723 | -€82,957 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €137,680 | €54,723 | -€82,957 | -60.3% |
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 16 October 2026 via checked.be.