HAMAAN: 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.
HAMAAN
Largest movements
- Cash -€15,109
down €15,109 (-70.2%), from €21,537 to €6,428
mainly Other debts (-€371,809) and Investment in fixed assets (net) (-€39,832)
- Financial fixed assets +€14,883
up €14,883 (+2.6%), from €572,637 to €587,520
- Tangible fixed assets +€14,000
new in 2025: €14,000
- Debts after one year +€410,895
up €410,895, from €0 to €410,895
- Other debts -€371,809
down €371,809 (-99.7%), from €372,809 to €1,000
- Profit (loss) carried forward -€26,277
down €26,277 (-19.8%), from €132,424 to €106,147
- Financial charges +€11,184
up €11,184 (+75.2%), from €14,863 to €26,047
of which Financial charges: +€11,184
- Depreciation +€10,949
new in 2025: €10,949
- Other operating charges +€7,452
up €7,452 (+1,924%), from €387 to €7,840
- Financial income +€1,287
up €1,287 (+5.9%), from €21,930 to €23,217
of which Non-recurring financial income: +€7,440
- Taxes -€545
down €545 (-100%), from €545 to €0
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 | €595,140 | €607,948 | +€12,808 | +2.2% |
| Fixed assets | 21/28 | €572,637 | €601,520 | +€28,883 | +5.0% |
| Tangible fixed assets | 22/27 | - | €14,000 | +€14,000 | |
| Land and buildings | 22 | - | €14,000 | +€14,000 | |
| Financial fixed assets | 28 | €572,637 | €587,520 | +€14,883 | +2.6% |
| Current assets | 29/58 | €22,503 | €6,428 | -€16,075 | -71.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €966 | €0 | -€966 | -100% |
| Other amounts receivable | 41 | €966 | €0 | -€966 | -100% |
| Cash at bank and in hand | 54/58 | €21,537 | €6,428 | -€15,109 | -70.2% |
| Total equity and liabilities | 10/49 | €595,140 | €607,948 | +€12,808 | +2.2% |
| Equity | 10/15 | €222,331 | €196,054 | -€26,277 | -11.8% |
| Contributions | 10/11 | €81,734 | €81,734 | = | 0.0% |
| Capital | 10 | €81,734 | €81,734 | = | 0.0% |
| Issued capital | 100 | €81,734 | €81,734 | = | 0.0% |
| Reserves | 13 | €8,173 | €8,173 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,173 | €8,173 | = | 0.0% |
| Legal reserve | 130 | €8,173 | €8,173 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,424 | €106,147 | -€26,277 | -19.8% |
| Amounts payable | 17/49 | €372,809 | €411,895 | +€39,085 | +10.5% |
| Amounts payable after more than one year | 17 | €0 | €410,895 | +€410,895 | |
| Other amounts payable | 178/9 | €0 | €410,895 | +€410,895 | |
| Amounts payable within one year | 42/48 | €372,809 | €1,000 | -€371,809 | -99.7% |
| Other amounts payable | 47/48 | €372,809 | €1,000 | -€371,809 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,949 | +€10,949 | |
| Other operating charges | 640/8 | €387 | €7,840 | +€7,452 | +1,924% |
| Gross operating margin | 9900 | -€4,502 | -€4,659 | -€157 | -3.5% |
| Operating profit (loss) | 9901 | -€4,889 | -€23,447 | -€18,558 | -380% |
| Financial income | 75/76B | €21,930 | €23,217 | +€1,287 | +5.9% |
| Recurring financial income | 75 | €21,930 | €15,777 | -€6,153 | -28.1% |
| Non-recurring financial income | 76B | - | €7,440 | +€7,440 | |
| Financial charges | 65/66B | €14,863 | €26,047 | +€11,184 | +75.2% |
| Recurring financial charges | 65 | €14,863 | €26,047 | +€11,184 | +75.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €2,178 | -€26,277 | -€28,455 | |
| Income taxes | 67/77 | €545 | €0 | -€545 | -100% |
| Profit (loss) for the period | 9904 | €1,634 | -€26,277 | -€27,911 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,634 | -€26,277 | -€27,911 |
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 14 October 2026 via checked.be.