GDS Hamoir: 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.
GDS Hamoir
Largest movements
- Receivables within one year +€30,844
up €30,844 (+20,582%), from €150 to €30,994
of which Trade receivables: +€30,842
- Cash +€14,786
up €14,786 (+56.4%), from €26,209 to €40,995
mainly Trade debts (+€16,310) and Other debts (+€14,642)
- Tangible fixed assets -€6,334
down €6,334 (-20.8%), from €30,415 to €24,081
of which Plant, machinery and equipment: -€3,333
- Deferred charges and accrued income +€3,704
up €3,704 (+173%), from €2,137 to €5,841
- Trade debts +€16,310
up €16,310 (+67.8%), from €24,073 to €40,383
- Other debts +€14,642
up €14,642 (+6,366%), from €230 to €14,872
- Current portion of long-term debt +€8,372
up €8,372 (+171%), from €4,882 to €13,254
- Profit (loss) carried forward +€1,997
up €1,997 (+66.2%), from €3,015 to €5,012
- Debts after one year +€1,582
up €1,582 (+5.4%), from €29,345 to €30,927
of which Financial debts: +€19,535
- Gross operating margin +€13,868
up €13,868 (+261%), from €5,313 to €19,181
- Depreciation -€2,857
down €2,857 (-25.0%), from €11,441 to €8,584
- Other operating charges +€2,167
up €2,167 (+367%), from €590 to €2,757
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 | €67,582 | €109,601 | +€42,019 | +62.2% |
| Fixed assets | 21/28 | €38,909 | €31,575 | -€7,334 | -18.8% |
| Intangible fixed assets | 21 | €8,494 | €7,494 | -€1,000 | -11.8% |
| Tangible fixed assets | 22/27 | €30,415 | €24,081 | -€6,334 | -20.8% |
| Plant, machinery and equipment | 23 | €4,980 | €1,646 | -€3,333 | -66.9% |
| Furniture and vehicles | 24 | €25,435 | €22,435 | -€3,000 | -11.8% |
| Current assets | 29/58 | €28,673 | €78,026 | +€49,353 | +172% |
| Stocks and contracts in progress | 3 | €178 | €196 | +€18 | +10.2% |
| Stocks | 30/36 | €178 | €196 | +€18 | +10.2% |
| Amounts receivable within one year | 40/41 | €150 | €30,994 | +€30,844 | +20,582% |
| Trade receivables | 40 | €147 | €30,989 | +€30,842 | +20,952% |
| Other amounts receivable | 41 | €3 | €5 | +€2 | +82.0% |
| Cash at bank and in hand | 54/58 | €26,209 | €40,995 | +€14,786 | +56.4% |
| Deferred charges and accrued income | 490/1 | €2,137 | €5,841 | +€3,704 | +173% |
| Total equity and liabilities | 10/49 | €67,582 | €109,601 | +€42,019 | +62.2% |
| Equity | 10/15 | €8,015 | €10,012 | +€1,997 | +24.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,015 | €5,012 | +€1,997 | +66.2% |
| Amounts payable | 17/49 | €59,567 | €99,589 | +€40,022 | +67.2% |
| Amounts payable after more than one year | 17 | €29,345 | €30,927 | +€1,582 | +5.4% |
| Financial debts | 170/4 | €11,392 | €30,927 | +€19,535 | +171% |
| Other amounts payable | 178/9 | €17,953 | - | -€17,953 | |
| Amounts payable within one year | 42/48 | €30,222 | €68,662 | +€38,440 | +127% |
| Current portion of amounts payable after more than one year | 42 | €4,882 | €13,254 | +€8,372 | +171% |
| Trade debts | 44 | €24,073 | €40,383 | +€16,310 | +67.8% |
| Suppliers | 440/4 | €24,073 | €40,383 | +€16,310 | +67.8% |
| Taxes, remuneration and social security | 45 | €1,037 | €153 | -€884 | -85.2% |
| Taxes | 450/3 | €1,037 | €153 | -€884 | -85.2% |
| Other amounts payable | 47/48 | €230 | €14,872 | +€14,642 | +6,366% |
| Non-recurring operating income | 76A | - | €432 | +€432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,441 | €8,584 | -€2,857 | -25.0% |
| Other operating charges | 640/8 | €590 | €2,757 | +€2,167 | +367% |
| Gross operating margin | 9900 | €5,313 | €19,181 | +€13,868 | +261% |
| Operating profit (loss) | 9901 | -€6,718 | €7,840 | +€14,558 | |
| Financial income | 75/76B | €22 | €7 | -€15 | -69.0% |
| Recurring financial income | 75 | €22 | €7 | -€15 | -69.0% |
| Financial charges | 65/66B | €1,567 | €1,582 | +€15 | +1.0% |
| Recurring financial charges | 65 | €1,567 | €1,582 | +€15 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,262 | €6,265 | +€14,527 | |
| Profit (loss) for the period | 9904 | -€8,262 | €6,265 | +€14,527 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,262 | €6,265 | +€14,527 |
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 28 October 2026 via checked.be.