Ha-mana: 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.
Ha-mana
Largest movements
- Cash -€2,166
down €2,166 (-18.1%), from €11,947 to €9,781
mainly Investment in fixed assets (net) (-€1,936) and Contributions, distributions and other (-€1,600)
- Tangible fixed assets +€1,702
new in 2025: €1,702
- Receivables within one year +€692
new in 2025: €692
- Deferred charges and accrued income +€145
new in 2025: €145
- Tax, wage and social debts -€1,271
down €1,271 (-42.7%), from €2,974 to €1,703
- Profit (loss) carried forward +€1,019
up €1,019 (+28.2%), from €3,615 to €4,634
- Other debts +€601
up €601 (+47.2%), from €1,273 to €1,874
- Gross operating margin -€1,049
down €1,049 (-19.9%), from €5,268 to €4,219
- Taxes -€415
down €415 (-33.9%), from €1,223 to €808
- Depreciation +€234
new in 2025: €234
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 | €11,947 | €12,318 | +€371 | +3.1% |
| Fixed assets | 21/28 | - | €1,702 | +€1,702 | |
| Tangible fixed assets | 22/27 | - | €1,702 | +€1,702 | |
| Other tangible fixed assets | 26 | - | €1,702 | +€1,702 | |
| Current assets | 29/58 | €11,947 | €10,617 | -€1,330 | -11.1% |
| Amounts receivable within one year | 40/41 | - | €692 | +€692 | |
| Other amounts receivable | 41 | - | €692 | +€692 | |
| Cash at bank and in hand | 54/58 | €11,947 | €9,781 | -€2,166 | -18.1% |
| Deferred charges and accrued income | 490/1 | - | €145 | +€145 | |
| Total equity and liabilities | 10/49 | €11,947 | €12,318 | +€371 | +3.1% |
| Equity | 10/15 | €7,615 | €8,634 | +€1,019 | +13.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,615 | €4,634 | +€1,019 | +28.2% |
| Amounts payable | 17/49 | €4,332 | €3,685 | -€647 | -14.9% |
| Amounts payable within one year | 42/48 | €4,332 | €3,685 | -€647 | -14.9% |
| Trade debts | 44 | €85 | €108 | +€23 | +26.7% |
| Suppliers | 440/4 | €85 | €108 | +€23 | +26.7% |
| Taxes, remuneration and social security | 45 | €2,974 | €1,703 | -€1,271 | -42.7% |
| Taxes | 450/3 | €2,974 | €1,703 | -€1,271 | -42.7% |
| Other amounts payable | 47/48 | €1,273 | €1,874 | +€601 | +47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €234 | +€234 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €5,268 | €4,219 | -€1,049 | -19.9% |
| Operating profit (loss) | 9901 | €4,880 | €3,585 | -€1,296 | -26.6% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €162 | €163 | +€1 | +0.6% |
| Recurring financial charges | 65 | €162 | €163 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €4,719 | €3,427 | -€1,291 | -27.4% |
| Income taxes | 67/77 | €1,223 | €808 | -€415 | -33.9% |
| Profit (loss) for the period | 9904 | €3,495 | €2,619 | -€877 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,495 | €2,619 | -€877 | -25.1% |
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 11 October 2026 via checked.be.