HAJ AMAR: 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.
HAJ AMAR
Largest movements
- Stocks and contracts -€73,490
down €73,490 (-91.3%), from €80,500 to €7,010
- Cash -€7,257
down €7,257 (-43.1%), from €16,823 to €9,566
mainly Trade debts (-€56,802) and Net result for the year (-€31,567)
- Trade debts -€56,802
down €56,802 (-94.2%), from €60,307 to €3,505
- Profit (loss) carried forward -€31,567
down €31,567, from €377 to -€31,190
- Tax, wage and social debts +€4,187
up €4,187 (+42.4%), from €9,885 to €14,072
of which Taxes: +€3,204
- Accrued charges and deferred income +€1,600
new in 2025: €1,600
- Advances received +€1,020
new in 2025: €1,020
- Gross operating margin -€25,484
down €25,484, from €3,215 to -€22,269
- Staff costs -€17,225
down €17,225 (-77.4%), from €22,252 to €5,027
- Depreciation -€4,676
no longer reported in 2025 (was €4,676)
- Financial charges +€754
up €754 (+43.0%), from €1,755 to €2,509
- Financial income -€363
down €363 (-97.8%), from €371 to €8
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 | €98,591 | €17,278 | -€81,313 | -82.5% |
| Fixed assets | 21/28 | €1,108 | €209 | -€899 | -81.1% |
| Tangible fixed assets | 22/27 | €899 | - | -€899 | |
| Furniture and vehicles | 24 | €899 | - | -€899 | |
| Financial fixed assets | 28 | €209 | €209 | = | 0.0% |
| Current assets | 29/58 | €97,483 | €17,069 | -€80,414 | -82.5% |
| Stocks and contracts in progress | 3 | €80,500 | €7,010 | -€73,490 | -91.3% |
| Stocks | 30/36 | €80,500 | €7,010 | -€73,490 | -91.3% |
| Amounts receivable within one year | 40/41 | €160 | €493 | +€333 | +208% |
| Trade receivables | 40 | €160 | €487 | +€327 | +204% |
| Other amounts receivable | 41 | - | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €16,823 | €9,566 | -€7,257 | -43.1% |
| Total equity and liabilities | 10/49 | €98,591 | €17,278 | -€81,313 | -82.5% |
| Equity | 10/15 | €20,837 | -€10,730 | -€31,567 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377 | -€31,190 | -€31,567 | |
| Amounts payable | 17/49 | €77,754 | €28,008 | -€49,746 | -64.0% |
| Amounts payable within one year | 42/48 | €77,754 | €26,408 | -€51,346 | -66.0% |
| Trade debts | 44 | €60,307 | €3,505 | -€56,802 | -94.2% |
| Suppliers | 440/4 | €60,307 | €3,505 | -€56,802 | -94.2% |
| Advances received on contracts in progress | 46 | - | €1,020 | +€1,020 | |
| Taxes, remuneration and social security | 45 | €9,885 | €14,072 | +€4,187 | +42.4% |
| Taxes | 450/3 | €5,251 | €8,455 | +€3,204 | +61.0% |
| Remuneration and social security | 454/9 | €4,634 | €5,617 | +€983 | +21.2% |
| Other amounts payable | 47/48 | €7,562 | €7,811 | +€249 | +3.3% |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Remuneration, social security and pensions | 62 | €22,252 | €5,027 | -€17,225 | -77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,676 | - | -€4,676 | |
| Other operating charges | 640/8 | €1,538 | €1,359 | -€179 | -11.6% |
| Gross operating margin | 9900 | €3,215 | -€22,269 | -€25,484 | |
| Operating profit (loss) | 9901 | -€25,251 | -€28,655 | -€3,404 | -13.5% |
| Financial income | 75/76B | €371 | €8 | -€363 | -97.8% |
| Recurring financial income | 75 | €371 | €8 | -€363 | -97.8% |
| Financial charges | 65/66B | €1,755 | €2,509 | +€754 | +43.0% |
| Recurring financial charges | 65 | €1,755 | €2,509 | +€754 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,635 | -€31,156 | -€4,521 | -17.0% |
| Income taxes | 67/77 | €386 | €411 | +€25 | +6.5% |
| Profit (loss) for the period | 9904 | -€27,021 | -€31,567 | -€4,546 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,021 | -€31,567 | -€4,546 | -16.8% |
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 15 October 2026 via checked.be.