HAM Holding: what changed
Two fiscal 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 Holding
Largest movements
- Receivables within one year -€6,624
down €6,624 (-71.0%), from €9,333 to €2,710
of which Trade receivables: -€9,304
- Trade debts -€7,689
no longer reported in 2025 (was €7,689)
- Other debts +€6,190
up €6,190 (+5.6%), from €110,360 to €116,550
- Profit (loss) carried forward -€3,218
down €3,218 (-222.5%), from -€1,446 to -€4,664
- Gross operating margin -€3,763
down €3,763, from €3,360 to -€403
- Financial charges -€3,101
down €3,101 (-92.7%), from €3,346 to €245
- Depreciation +€1,109
up €1,109 (+76.0%), from €1,460 to €2,570
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 | €316,603 | €311,886 | -€4,717 | -1.5% |
| Formation expenses | 20 | €6,229 | €8,818 | +€2,590 | +41.6% |
| Fixed assets | 21/28 | €300,000 | €300,000 | = | 0.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €10,374 | €3,067 | -€7,307 | -70.4% |
| Amounts receivable within one year | 40/41 | €9,333 | €2,710 | -€6,624 | -71.0% |
| Trade receivables | 40 | €9,304 | - | -€9,304 | |
| Other amounts receivable | 41 | €29 | €2,710 | +€2,680 | +9116.9% |
| Cash at bank and in hand | 54/58 | €1,041 | €358 | -€683 | -65.6% |
| Total equity and liabilities | 10/49 | €316,603 | €311,886 | -€4,717 | -1.5% |
| Equity | 10/15 | €198,554 | €195,336 | -€3,218 | -1.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,446 | -€4,664 | -€3,218 | -222.5% |
| Amounts payable | 17/49 | €118,049 | €116,550 | -€1,499 | -1.3% |
| Amounts payable within one year | 42/48 | €118,049 | €116,550 | -€1,499 | -1.3% |
| Trade debts | 44 | €7,689 | - | -€7,689 | |
| Suppliers | 440/4 | €7,689 | - | -€7,689 | |
| Other amounts payable | 47/48 | €110,360 | €116,550 | +€6,190 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,460 | €2,570 | +€1,109 | +76.0% |
| Gross operating margin | 9900 | €3,360 | -€403 | -€3,763 | |
| Operating profit (loss) | 9901 | €1,900 | -€2,973 | -€4,872 | |
| Financial charges | 65/66B | €3,346 | €245 | -€3,101 | -92.7% |
| Recurring financial charges | 65 | €3,346 | €245 | -€3,101 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,446 | -€3,218 | -€1,772 | -122.5% |
| Profit (loss) for the period | 9904 | -€1,446 | -€3,218 | -€1,772 | -122.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,446 | -€3,218 | -€1,772 | -122.5% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.