HAKAMALE: 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.
HAKAMALE
Largest movements
- Cash +€32,536
up €32,536 (+192.4%), from €16,914 to €49,450
mainly Net result for the year (+€52,972) and Other debts (+€28,819)
- Tangible fixed assets -€4,504
down €4,504 (-20.0%), from €22,531 to €18,027
of which Furniture and vehicles: -€2,850
- Receivables within one year -€1,935
down €1,935 (-13.6%), from €14,278 to €12,343
of which Trade receivables: -€1,935
- Deferred charges and accrued income -€1,437
down €1,437 (-50.4%), from €2,849 to €1,412
- Other debts +€28,819
up €28,819 (+5322.5%), from €541 to €29,361
- Profit (loss) carried forward -€11,028
down €11,028 (-23.4%), from €47,100 to €36,072
- Tax, wage and social debts +€5,921
up €5,921 (+91.7%), from €6,459 to €12,380
- Trade debts +€948
up €948 (+201.1%), from €472 to €1,420
- Gross operating margin +€33,093
up €33,093 (+73.1%), from €45,272 to €78,365
- Taxes +€7,216
up €7,216 (+88.7%), from €8,137 to €15,353
- Depreciation +€4,060
up €4,060 (+231.6%), from €1,753 to €5,814
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 | €56,572 | €81,233 | +€24,660 | +43.6% |
| Fixed assets | 21/28 | €22,531 | €18,027 | -€4,504 | -20.0% |
| Tangible fixed assets | 22/27 | €22,531 | €18,027 | -€4,504 | -20.0% |
| Furniture and vehicles | 24 | €13,928 | €11,078 | -€2,850 | -20.5% |
| Other tangible fixed assets | 26 | €8,603 | €6,948 | -€1,655 | -19.2% |
| Current assets | 29/58 | €34,042 | €63,206 | +€29,165 | +85.7% |
| Amounts receivable within one year | 40/41 | €14,278 | €12,343 | -€1,935 | -13.6% |
| Trade receivables | 40 | €13,915 | €11,980 | -€1,935 | -13.9% |
| Other amounts receivable | 41 | €363 | €363 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,914 | €49,450 | +€32,536 | +192.4% |
| Deferred charges and accrued income | 490/1 | €2,849 | €1,412 | -€1,437 | -50.4% |
| Total equity and liabilities | 10/49 | €56,572 | €81,233 | +€24,660 | +43.6% |
| Equity | 10/15 | €49,100 | €38,072 | -€11,028 | -22.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,100 | €36,072 | -€11,028 | -23.4% |
| Amounts payable | 17/49 | €7,472 | €43,160 | +€35,688 | +477.6% |
| Amounts payable within one year | 42/48 | €7,472 | €43,160 | +€35,688 | +477.6% |
| Trade debts | 44 | €472 | €1,420 | +€948 | +201.1% |
| Suppliers | 440/4 | €472 | €1,420 | +€948 | +201.1% |
| Taxes, remuneration and social security | 45 | €6,459 | €12,380 | +€5,921 | +91.7% |
| Taxes | 450/3 | €6,459 | €12,380 | +€5,921 | +91.7% |
| Other amounts payable | 47/48 | €541 | €29,361 | +€28,819 | +5322.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,753 | €5,814 | +€4,060 | +231.6% |
| Other operating charges | 640/8 | €380 | €531 | +€151 | +39.8% |
| Gross operating margin | 9900 | €45,272 | €78,365 | +€33,093 | +73.1% |
| Operating profit (loss) | 9901 | €43,139 | €72,020 | +€28,881 | +66.9% |
| Financial charges | 65/66B | €4,473 | €3,696 | -€778 | -17.4% |
| Recurring financial charges | 65 | €4,473 | €3,696 | -€778 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €38,665 | €68,324 | +€29,659 | +76.7% |
| Income taxes | 67/77 | €8,137 | €15,353 | +€7,216 | +88.7% |
| Profit (loss) for the period | 9904 | €30,528 | €52,972 | +€22,443 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,528 | €52,972 | +€22,443 | +73.5% |
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 12 October 2026 via checked.be.