HAMA: 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.
HAMA
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+1521.5%), from €98,545 to €1.6m
of which Other amounts receivable: +€866,028
- Tangible fixed assets +€1.1m
up €1.1m (+771.7%), from €148,514 to €1.3m
of which Leasing and similar rights: +€1.3m
- Financial fixed assets +€350,000
up €350,000 (+700.0%), from €50,000 to €400,000
- Current investments -€307,152
down €307,152 (-100.0%), from €307,152 to €0
- Cash -€40,195
down €40,195 (-68.2%), from €58,940 to €18,745
mainly Investment in fixed assets (net) (-€1.5m) and Receivables within one year (-€1.5m)
- Debts after one year +€1.2m
new in 2025: €1.2m
- Accrued charges and deferred income +€1.2m
up €1.2m, from €0 to €1.2m
- Trade debts +€540,020
up €540,020 (+4572.4%), from €11,811 to €551,831
- Reserves -€149,825
down €149,825 (-51.8%), from €289,211 to €139,386
of which Distributable reserves: -€149,825
- Other debts -€147,541
down €147,541 (-100.0%), from €147,541 to €0
- Financial income -€62,017
down €62,017 (-86.0%), from €72,107 to €10,090
- Gross operating margin -€52,696
down €52,696 (-26.6%), from €198,075 to €145,379
- Taxes -€46,375
down €46,375 (-95.8%), from €48,422 to €2,047
- Financial charges +€36,121
up €36,121, from -€17,589 to €18,531
of which Financial charges: +€28,947
- Depreciation -€16,843
down €16,843 (-48.6%), from €34,679 to €17,836
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 | €663,152 | €3,320,210 | +€2.7m | +400.7% |
| Fixed assets | 21/28 | €198,514 | €1,694,620 | +€1.5m | +753.7% |
| Tangible fixed assets | 22/27 | €148,514 | €1,294,620 | +€1.1m | +771.7% |
| Land and buildings | 22 | €118,095 | €0 | -€118,095 | -100.0% |
| Plant, machinery and equipment | 23 | €2,971 | €1,820 | -€1,151 | -38.8% |
| Furniture and vehicles | 24 | €27,448 | €0 | -€27,448 | -100.0% |
| Leasing and similar rights | 25 | - | €1,292,800 | +€1.3m | |
| Financial fixed assets | 28 | €50,000 | €400,000 | +€350,000 | +700.0% |
| Current assets | 29/58 | €464,637 | €1,625,590 | +€1.2m | +249.9% |
| Amounts receivable within one year | 40/41 | €98,545 | €1,597,864 | +€1.5m | +1521.5% |
| Trade receivables | 40 | €30,913 | €664,203 | +€633,290 | +2048.6% |
| Other amounts receivable | 41 | €67,632 | €933,661 | +€866,028 | +1280.5% |
| Current investments | 50/53 | €307,152 | €0 | -€307,152 | -100.0% |
| Cash at bank and in hand | 54/58 | €58,940 | €18,745 | -€40,195 | -68.2% |
| Deferred charges and accrued income | 490/1 | €0 | €8,981 | +€8,981 | |
| Total equity and liabilities | 10/49 | €663,152 | €3,320,210 | +€2.7m | +400.7% |
| Equity | 10/15 | €426,735 | €276,910 | -€149,825 | -35.1% |
| Contributions | 10/11 | €137,524 | €137,524 | = | 0.0% |
| Reserves | 13 | €289,211 | €139,386 | -€149,825 | -51.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €289,211 | €139,386 | -€149,825 | -51.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €236,416 | €3,043,299 | +€2.8m | +1187.3% |
| Amounts payable after more than one year | 17 | - | €1,228,789 | +€1.2m | |
| Financial debts | 170/4 | - | €1,228,789 | +€1.2m | |
| Amounts payable within one year | 42/48 | €236,416 | €623,121 | +€386,705 | +163.6% |
| Current portion of amounts payable after more than one year | 42 | - | €64,011 | +€64,011 | |
| Trade debts | 44 | €11,811 | €551,831 | +€540,020 | +4572.4% |
| Suppliers | 440/4 | €11,811 | €551,831 | +€540,020 | +4572.4% |
| Taxes, remuneration and social security | 45 | €77,065 | €7,280 | -€69,785 | -90.6% |
| Taxes | 450/3 | €73,387 | €7,280 | -€66,107 | -90.1% |
| Remuneration and social security | 454/9 | €3,678 | €0 | -€3,678 | -100.0% |
| Other amounts payable | 47/48 | €147,541 | €0 | -€147,541 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €1,191,389 | +€1.2m | |
| Non-recurring operating income | 76A | - | €22,552 | +€22,552 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,679 | €17,836 | -€16,843 | -48.6% |
| Other operating charges | 640/8 | €19,841 | €15,515 | -€4,325 | -21.8% |
| Non-recurring operating charges | 66A | - | €101,364 | +€101,364 | |
| Gross operating margin | 9900 | €198,075 | €145,379 | -€52,696 | -26.6% |
| Operating profit (loss) | 9901 | €143,556 | €10,663 | -€132,892 | -92.6% |
| Financial income | 75/76B | €72,107 | €10,090 | -€62,017 | -86.0% |
| Recurring financial income | 75 | €72,107 | €10,090 | -€62,017 | -86.0% |
| Financial charges | 65/66B | -€17,589 | €18,531 | +€36,121 | |
| Recurring financial charges | 65 | -€17,589 | €11,358 | +€28,947 | |
| Non-recurring financial charges | 66B | - | €7,174 | +€7,174 | |
| Profit (loss) for the period before taxes | 9903 | €233,252 | €2,222 | -€231,030 | -99.0% |
| Income taxes | 67/77 | €48,422 | €2,047 | -€46,375 | -95.8% |
| Profit (loss) for the period | 9904 | €184,830 | €175 | -€184,655 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €184,830 | €175 | -€184,655 | -99.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.