Hamacc: 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.
Hamacc
Largest movements
- Cash +€7,317
up €7,317 (+28.2%), from €25,910 to €33,228
mainly Other debts (+€23,398) and Net result for the year (+€6,337)
- Tangible fixed assets -€3,816
down €3,816 (-45.0%), from €8,471 to €4,655
of which Leasing and similar rights: -€2,431
- Other debts +€23,398
up €23,398 (+203.1%), from €11,520 to €34,919
- Reserves -€18,663
down €18,663 (-75.9%), from €24,576 to €5,913
- Current portion of long-term debt -€1,816
no longer reported in 2025 (was €1,816)
- Tax, wage and social debts +€833
up €833 (+39.0%), from €2,132 to €2,965
- Depreciation -€5,825
down €5,825 (-57.5%), from €10,129 to €4,304
- Gross operating margin +€4,252
up €4,252 (+35.4%), from €12,018 to €16,269
- Taxes +€2,509
up €2,509 (+333.0%), from €754 to €3,263
- Financial charges +€1,200
up €1,200 (+457.8%), from €262 to €1,462
- Other operating charges -€702
down €702 (-39.7%), from €1,767 to €1,065
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 | €42,927 | €46,457 | +€3,530 | +8.2% |
| Fixed assets | 21/28 | €8,471 | €4,655 | -€3,816 | -45.0% |
| Tangible fixed assets | 22/27 | €8,471 | €4,655 | -€3,816 | -45.0% |
| Plant, machinery and equipment | 23 | €3,022 | €2,713 | -€309 | -10.2% |
| Furniture and vehicles | 24 | €3,017 | €1,942 | -€1,075 | -35.6% |
| Leasing and similar rights | 25 | €2,431 | - | -€2,431 | |
| Current assets | 29/58 | €34,456 | €41,802 | +€7,346 | +21.3% |
| Amounts receivable within one year | 40/41 | €7,465 | €7,144 | -€320 | -4.3% |
| Trade receivables | 40 | €7,383 | €7,144 | -€239 | -3.2% |
| Other amounts receivable | 41 | €81 | - | -€81 | |
| Cash at bank and in hand | 54/58 | €25,910 | €33,228 | +€7,317 | +28.2% |
| Deferred charges and accrued income | 490/1 | €1,082 | €1,430 | +€349 | +32.2% |
| Total equity and liabilities | 10/49 | €42,927 | €46,457 | +€3,530 | +8.2% |
| Equity | 10/15 | €27,076 | €8,413 | -€18,663 | -68.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €24,576 | €5,913 | -€18,663 | -75.9% |
| Distributable reserves | 133 | €24,576 | €5,913 | -€18,663 | -75.9% |
| Amounts payable | 17/49 | €15,851 | €38,045 | +€22,193 | +140.0% |
| Amounts payable within one year | 42/48 | €15,851 | €38,045 | +€22,193 | +140.0% |
| Current portion of amounts payable after more than one year | 42 | €1,816 | - | -€1,816 | |
| Trade debts | 44 | €383 | €161 | -€222 | -58.0% |
| Suppliers | 440/4 | €383 | €161 | -€222 | -58.0% |
| Taxes, remuneration and social security | 45 | €2,132 | €2,965 | +€833 | +39.0% |
| Taxes | 450/3 | €2,132 | €2,965 | +€833 | +39.0% |
| Other amounts payable | 47/48 | €11,520 | €34,919 | +€23,398 | +203.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,129 | €4,304 | -€5,825 | -57.5% |
| Other operating charges | 640/8 | €1,767 | €1,065 | -€702 | -39.7% |
| Gross operating margin | 9900 | €12,018 | €16,269 | +€4,252 | +35.4% |
| Operating profit (loss) | 9901 | €122 | €10,900 | +€10,778 | +8844.2% |
| Financial income | 75/76B | €150 | €161 | +€12 | +7.9% |
| Recurring financial income | 75 | €150 | €161 | +€12 | +7.9% |
| Financial charges | 65/66B | €262 | €1,462 | +€1,200 | +457.8% |
| Recurring financial charges | 65 | €262 | €1,462 | +€1,200 | +457.8% |
| Profit (loss) for the period before taxes | 9903 | €9 | €9,599 | +€9,590 | +103677.9% |
| Income taxes | 67/77 | €754 | €3,263 | +€2,509 | +333.0% |
| Profit (loss) for the period | 9904 | -€744 | €6,337 | +€7,081 | |
| Profit (loss) for the period to be appropriated | 9905 | -€744 | €6,337 | +€7,081 |
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 6 October 2026 via checked.be.