HAMA: 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.
What changed
HAMA
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€250,841
2024 · €225,761+€25,081
Equity
€10.5m
2024 · €10.3m+€250,841
Cash
€2.1m
2024 · €3.2m-€1.1m
Balance sheet total
€12.0m
2024 · €22.0m-€10.0m
Largest movements
Assets
- Stocks and contracts -€5.7m
down €5.7m (-99.4%), from €5.7m to €34,013
- Receivables within one year -€2.8m
down €2.8m (-32.9%), from €8.4m to €5.6m
of which Trade receivables: -€5.1m
- Cash -€1.1m
down €1.1m (-34.9%), from €3.2m to €2.1m
mainly Trade debts (-€5.0m) and Other debts (-€3.5m)
- Tangible fixed assets -€472,754
down €472,754 (-10.2%), from €4.6m to €4.2m
of which Land and buildings: -€296,130
Equity and liabilities
- Trade debts -€5.0m
down €5.0m (-82.3%), from €6.1m to €1.1m
- Other debts -€3.5m
no longer reported in 2025 (was €3.5m)
- Tax, wage and social debts -€1.4m
down €1.4m (-80.0%), from €1.8m to €357,934
of which Remuneration and social security: -€1.5m
- Profit (loss) carried forward +€250,841
up €250,841 (+4.7%), from €5.3m to €5.6m
Income statement
- Turnover -€18.4m
down €18.4m (-50.2%), from €36.7m to €18.3m
- Goods and materials -€17.1m
down €17.1m (-53.9%), from €31.8m to €14.7m
of which Purchases: -€21.1m
- Staff costs -€1.2m
down €1.2m (-37.4%), from €3.3m to €2.1m
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.
Result 2024
€225,761
Turnover
-€18.4m
Other operating income
-€48,259
Goods and materials
+€17.1m
Services and other goods
+€169,503
Staff costs
+€1.2m
Depreciation
+€117,346
Write-downs
-€252,456
Provisions
+€30,787
Other operating charges
+€8,881
Other operating items
+€14,229
Financial income
-€970
Financial charges
+€71,886
Taxes
-€66,757
Result 2025
€250,841
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€863,390
Investment
-€47,364
Financing
-€200,251
Cash 2024
€3.2m
From operations (derived)
-€863,390
Net result for the year
+€250,841
Depreciation
+€480,897
Stocks and contracts
+€5.7m
Receivables within one year
+€2.8m
Deferred charges and accrued income
+€31,604
Provisions
-€70,215
Trade debts
-€5.0m
Tax, wage and social debts
-€1.4m
Other debts
-€3.5m
Investment (derived)
-€47,364
Investment in fixed assets (net)
-€47,364
Financing
-€200,251
Debts after one year
-€66,917
Current portion of long-term debt
-€133,333
Cash 2025
€2.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,018,695 | €12,021,661 | -€10.0m | -45.4% |
| Fixed assets | 21/28 | €4,708,020 | €4,274,487 | -€433,533 | -9.2% |
| Intangible fixed assets | 21 | €75,977 | €115,198 | +€39,221 | +51.6% |
| Tangible fixed assets | 22/27 | €4,632,043 | €4,159,289 | -€472,754 | -10.2% |
| Land and buildings | 22 | €4,295,507 | €3,999,377 | -€296,130 | -6.9% |
| Plant, machinery and equipment | 23 | €59,283 | €41,535 | -€17,747 | -29.9% |
| Furniture and vehicles | 24 | €277,254 | €118,377 | -€158,877 | -57.3% |
| Current assets | 29/58 | €17,310,675 | €7,747,175 | -€9.6m | -55.2% |
| Stocks and contracts in progress | 3 | €5,693,182 | €34,013 | -€5.7m | -99.4% |
| Stocks | 30/36 | €5,693,182 | €34,013 | -€5.7m | -99.4% |
| Raw materials and consumables | 30/31 | €50,956 | - | -€50,956 | |
| Goods purchased for resale | 34 | €5,642,226 | €34,013 | -€5.6m | -99.4% |
| Amounts receivable within one year | 40/41 | €8,399,456 | €5,637,733 | -€2.8m | -32.9% |
| Trade receivables | 40 | €8,399,456 | €3,312,733 | -€5.1m | -60.6% |
| Other amounts receivable | 41 | - | €2,325,000 | +€2.3m | |
| Cash at bank and in hand | 54/58 | €3,186,432 | €2,075,428 | -€1.1m | -34.9% |
| Deferred charges and accrued income | 490/1 | €31,604 | - | -€31,604 | |
| Total equity and liabilities | 10/49 | €22,018,695 | €12,021,661 | -€10.0m | -45.4% |
| Equity | 10/15 | €10,259,101 | €10,509,942 | +€250,841 | +2.4% |
| Contributions | 10/11 | €4,500,000 | €4,500,000 | = | 0.0% |
| Capital | 10 | €4,500,000 | €4,500,000 | = | 0.0% |
| Issued capital | 100 | €4,500,000 | €4,500,000 | = | 0.0% |
| Reserves | 13 | €450,000 | €450,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €450,000 | €450,000 | = | 0.0% |
| Legal reserve | 130 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,309,101 | €5,559,942 | +€250,841 | +4.7% |
| Provisions and deferred taxes | 16 | €137,559 | €67,344 | -€70,215 | -51.0% |
| Provisions for liabilities and charges | 160/5 | €137,559 | €67,344 | -€70,215 | -51.0% |
| Other liabilities and charges | 164/5 | €137,559 | €67,344 | -€70,215 | -51.0% |
| Amounts payable | 17/49 | €11,622,036 | €1,444,376 | -€10.2m | -87.6% |
| Amounts payable after more than one year | 17 | €66,917 | - | -€66,917 | |
| Financial debts | 170/4 | €66,917 | - | -€66,917 | |
| Credit institutions | 173 | €66,917 | - | -€66,917 | |
| Amounts payable within one year | 42/48 | €11,555,118 | €1,444,376 | -€10.1m | -87.5% |
| Current portion of amounts payable after more than one year | 42 | €133,333 | - | -€133,333 | |
| Trade debts | 44 | €6,132,344 | €1,086,441 | -€5.0m | -82.3% |
| Suppliers | 440/4 | €6,132,344 | €1,086,441 | -€5.0m | -82.3% |
| Taxes, remuneration and social security | 45 | €1,789,441 | €357,934 | -€1.4m | -80.0% |
| Taxes | 450/3 | €70,500 | €150,349 | +€79,848 | +113% |
| Remuneration and social security | 454/9 | €1,718,941 | €207,585 | -€1.5m | -87.9% |
| Other amounts payable | 47/48 | €3,500,000 | - | -€3.5m | |
| Operating income | 70/76A | €39,085,415 | €18,746,419 | -€20.3m | -52.0% |
| Turnover | 70 | €36,688,368 | €18,277,316 | -€18.4m | -50.2% |
| Other operating income | 74 | €54,585 | €6,326 | -€48,259 | -88.4% |
| Non-recurring operating income | 76A | €2,342,463 | €462,777 | -€1.9m | -80.2% |
| Operating charges | 60/66A | €38,665,187 | €18,305,268 | -€20.4m | -52.7% |
| Goods for resale, raw materials and consumables | 60 | €31,802,661 | €14,657,105 | -€17.1m | -53.9% |
| Purchases | 600/8 | €29,154,154 | €8,043,209 | -€21.1m | -72.4% |
| Change in stocks: decrease (increase) | 609 | €2,648,508 | €6,613,896 | +€4.0m | +150% |
| Services and other goods | 61 | €2,180,344 | €2,010,840 | -€169,503 | -7.8% |
| Remuneration, social security and pensions | 62 | €3,335,434 | €2,089,048 | -€1.2m | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €598,243 | €480,897 | -€117,346 | -19.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,207,183 | -€954,727 | +€252,456 | +20.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€39,428 | -€70,215 | -€30,787 | -78.1% |
| Other operating charges | 640/8 | €101,201 | €92,321 | -€8,881 | -8.8% |
| Non-recurring operating charges | 66A | €1,893,914 | - | -€1.9m | |
| Operating profit (loss) | 9901 | €420,228 | €441,150 | +€20,922 | +5.0% |
| Financial income | 75/76B | €970 | - | -€970 | |
| Recurring financial income | 75 | €970 | - | -€970 | |
| Income from financial fixed assets | 750 | €970 | - | -€970 | |
| Financial charges | 65/66B | €137,195 | €65,309 | -€71,886 | -52.4% |
| Recurring financial charges | 65 | €137,195 | €65,309 | -€71,886 | -52.4% |
| Debt charges | 650 | €34,199 | €21,011 | -€13,188 | -38.6% |
| Other financial charges | 652/9 | €102,996 | €44,298 | -€58,698 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €284,004 | €375,841 | +€91,838 | +32.3% |
| Income taxes | 67/77 | €58,243 | €125,000 | +€66,757 | +115% |
| Taxes | 670/3 | €58,243 | €125,000 | +€66,757 | +115% |
| Profit (loss) for the period | 9904 | €225,761 | €250,841 | +€25,081 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €225,761 | €250,841 | +€25,081 | +11.1% |
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 15 October 2026 via checked.be.