HAM & FRIT: 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.
HAM & FRIT
Largest movements
- Receivables within one year -€21,493
down €21,493 (-20.6%), from €104,520 to €83,027
of which Other amounts receivable: -€13,585
- Cash -€17,217
down €17,217 (-66.2%), from €26,001 to €8,784
mainly Trade debts (-€51,711) and Investment in fixed assets (net) (-€37,166)
- Tangible fixed assets +€8,774
up €8,774 (+4.9%), from €180,429 to €189,203
of which Plant, machinery and equipment: +€16,774
- Trade debts -€51,711
down €51,711 (-61.7%), from €83,838 to €32,127
- Profit (loss) carried forward +€21,758
up €21,758 (+43.1%), from €50,534 to €72,292
- Current portion of long-term debt +€7,868
up €7,868 (+24.0%), from €32,720 to €40,588
- Debts after one year -€7,465
down €7,465 (-10.1%), from €73,885 to €66,420
- Gross operating margin +€15,981
up €15,981 (+11.9%), from €134,422 to €150,403
- Staff costs +€14,970
up €14,970 (+68.9%), from €21,716 to €36,686
- Taxes +€9,353
up €9,353 (+190%), from €4,935 to €14,288
- Depreciation +€2,280
up €2,280 (+8.4%), from €27,112 to €29,392
- Other operating charges -€1,663
down €1,663 (-9.5%), from €17,521 to €15,858
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 | €327,199 | €296,105 | -€31,094 | -9.5% |
| Fixed assets | 21/28 | €185,429 | €193,203 | +€7,774 | +4.2% |
| Intangible fixed assets | 21 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Tangible fixed assets | 22/27 | €180,429 | €189,203 | +€8,774 | +4.9% |
| Land and buildings | 22 | €156,149 | €149,138 | -€7,011 | -4.5% |
| Plant, machinery and equipment | 23 | €22,243 | €39,017 | +€16,774 | +75.4% |
| Furniture and vehicles | 24 | €2,037 | €1,048 | -€989 | -48.6% |
| Current assets | 29/58 | €141,770 | €102,902 | -€38,868 | -27.4% |
| Stocks and contracts in progress | 3 | €6,851 | €5,554 | -€1,297 | -18.9% |
| Stocks | 30/36 | €6,851 | €5,554 | -€1,297 | -18.9% |
| Amounts receivable within one year | 40/41 | €104,520 | €83,027 | -€21,493 | -20.6% |
| Trade receivables | 40 | €16,100 | €8,192 | -€7,908 | -49.1% |
| Other amounts receivable | 41 | €88,420 | €74,835 | -€13,585 | -15.4% |
| Cash at bank and in hand | 54/58 | €26,001 | €8,784 | -€17,217 | -66.2% |
| Deferred charges and accrued income | 490/1 | €4,398 | €5,537 | +€1,139 | +25.9% |
| Total equity and liabilities | 10/49 | €327,199 | €296,105 | -€31,094 | -9.5% |
| Equity | 10/15 | €101,091 | €122,849 | +€21,758 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,957 | €31,957 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,097 | €30,097 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,534 | €72,292 | +€21,758 | +43.1% |
| Amounts payable | 17/49 | €226,108 | €173,256 | -€52,852 | -23.4% |
| Amounts payable after more than one year | 17 | €73,885 | €66,420 | -€7,465 | -10.1% |
| Financial debts | 170/4 | €73,885 | €66,420 | -€7,465 | -10.1% |
| Amounts payable within one year | 42/48 | €152,223 | €106,836 | -€45,387 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €32,720 | €40,588 | +€7,868 | +24.0% |
| Trade debts | 44 | €83,838 | €32,127 | -€51,711 | -61.7% |
| Suppliers | 440/4 | €83,838 | €32,127 | -€51,711 | -61.7% |
| Taxes, remuneration and social security | 45 | €5,666 | €7,186 | +€1,521 | +26.8% |
| Taxes | 450/3 | €512 | €476 | -€36 | -7.0% |
| Remuneration and social security | 454/9 | €5,154 | €6,710 | +€1,556 | +30.2% |
| Other amounts payable | 47/48 | €30,000 | €26,935 | -€3,065 | -10.2% |
| Non-recurring operating income | 76A | €1,248 | - | -€1,248 | |
| Remuneration, social security and pensions | 62 | €21,716 | €36,686 | +€14,970 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,112 | €29,392 | +€2,280 | +8.4% |
| Other operating charges | 640/8 | €17,521 | €15,858 | -€1,663 | -9.5% |
| Non-recurring operating charges | 66A | - | €4,275 | +€4,275 | |
| Gross operating margin | 9900 | €134,422 | €150,403 | +€15,981 | +11.9% |
| Operating profit (loss) | 9901 | €68,072 | €64,192 | -€3,880 | -5.7% |
| Financial income | 75/76B | €2,716 | €1,188 | -€1,528 | -56.3% |
| Recurring financial income | 75 | €2,716 | €1,188 | -€1,528 | -56.3% |
| Financial charges | 65/66B | €4,021 | €4,335 | +€314 | +7.8% |
| Recurring financial charges | 65 | €4,021 | €4,335 | +€314 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €66,768 | €61,045 | -€5,722 | -8.6% |
| Income taxes | 67/77 | €4,935 | €14,288 | +€9,353 | +190% |
| Profit (loss) for the period | 9904 | €61,833 | €46,758 | -€15,075 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,833 | €46,758 | -€15,075 | -24.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.