HAMACO: what changed
What changed
HAMACO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€22,459
2024 · -€20,031+€42,490
Equity
€319,994
2024 · €297,535+€22,459
Cash
-
2024 · €2,789-€2,789
Balance sheet total
€948,951
2024 · €960,249-€11,298
Largest movements
Assets
- Tangible fixed assets -€24,386
down €24,386 (-3.3%), from €730,282 to €705,897
of which Land and buildings: -€24,226
Equity and liabilities
- Debts after one year -€48,000
down €48,000 (-24.5%), from €196,000 to €148,000
- Reserves +€22,459
up €22,459 (+47.2%), from €47,535 to €69,994
- Other debts +€16,121
up €16,121 (+4.0%), from €406,494 to €422,615
Income statement
- Other operating charges -€31,704
down €31,704 (-41.1%), from €77,208 to €45,504
- Depreciation -€8,716
down €8,716 (-26.3%), from €33,101 to €24,386
- Financial income -€3,848
down €3,848 (-23.8%), from €16,137 to €12,290
- Financial charges -€3,770
down €3,770 (-8.2%), from €46,014 to €42,244
- Gross operating margin +€3,147
up €3,147 (+2.6%), from €120,155 to €123,303
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€20,031
Gross operating margin
+€3,147
Depreciation
+€8,716
Other operating charges
+€31,704
Financial income
-€3,848
Financial charges
+€3,770
Taxes
-€1,000
Result 2025
€22,459
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,215
Investment
€0
Financing
-€48,003
Cash 2024
€2,789
From operations (derived)
+€45,215
Net result for the year
+€22,459
Depreciation
+€24,386
Receivables within one year
-€7,205
Deferred charges and accrued income
-€8,672
Trade debts
-€1,591
Tax, wage and social debts
+€6,543
Advances received
-€6,827
Other debts
+€16,121
Financing
-€48,003
Debts after one year
-€48,000
Current portion of long-term debt
-€3
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €960,249 | €948,951 | -€11,298 | -1.2% |
| Fixed assets | 21/28 | €730,282 | €705,897 | -€24,386 | -3.3% |
| Tangible fixed assets | 22/27 | €730,282 | €705,897 | -€24,386 | -3.3% |
| Land and buildings | 22 | €730,065 | €705,839 | -€24,226 | -3.3% |
| Furniture and vehicles | 24 | €218 | €58 | -€160 | -73.5% |
| Current assets | 29/58 | €229,966 | €243,054 | +€13,088 | +5.7% |
| Amounts receivable within one year | 40/41 | €227,178 | €234,382 | +€7,205 | +3.2% |
| Trade receivables | 40 | €11,035 | €11,406 | +€371 | +3.4% |
| Other amounts receivable | 41 | €216,142 | €222,976 | +€6,834 | +3.2% |
| Cash at bank and in hand | 54/58 | €2,789 | - | -€2,789 | |
| Deferred charges and accrued income | 490/1 | - | €8,672 | +€8,672 | |
| Total equity and liabilities | 10/49 | €960,249 | €948,951 | -€11,298 | -1.2% |
| Equity | 10/15 | €297,535 | €319,994 | +€22,459 | +7.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €47,535 | €69,994 | +€22,459 | +47.2% |
| Distributable reserves | 133 | €47,535 | €69,994 | +€22,459 | +47.2% |
| Amounts payable | 17/49 | €662,714 | €628,957 | -€33,757 | -5.1% |
| Amounts payable after more than one year | 17 | €196,000 | €148,000 | -€48,000 | -24.5% |
| Financial debts | 170/4 | €196,000 | €148,000 | -€48,000 | -24.5% |
| Amounts payable within one year | 42/48 | €466,714 | €480,957 | +€14,243 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €51,803 | €51,799 | -€3 | 0.0% |
| Trade debts | 44 | €1,591 | - | -€1,591 | |
| Suppliers | 440/4 | €1,591 | - | -€1,591 | |
| Advances received on contracts in progress | 46 | €6,827 | - | -€6,827 | |
| Taxes, remuneration and social security | 45 | - | €6,543 | +€6,543 | |
| Taxes | 450/3 | - | €6,543 | +€6,543 | |
| Other amounts payable | 47/48 | €406,494 | €422,615 | +€16,121 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,101 | €24,386 | -€8,716 | -26.3% |
| Other operating charges | 640/8 | €77,208 | €45,504 | -€31,704 | -41.1% |
| Gross operating margin | 9900 | €120,155 | €123,303 | +€3,147 | +2.6% |
| Operating profit (loss) | 9901 | €9,846 | €53,413 | +€43,568 | +443% |
| Financial income | 75/76B | €16,137 | €12,290 | -€3,848 | -23.8% |
| Recurring financial income | 75 | €16,137 | €12,290 | -€3,848 | -23.8% |
| Financial charges | 65/66B | €46,014 | €42,244 | -€3,770 | -8.2% |
| Recurring financial charges | 65 | €46,014 | €42,244 | -€3,770 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,031 | €23,459 | +€43,490 | |
| Income taxes | 67/77 | - | €1,000 | +€1,000 | |
| Profit (loss) for the period | 9904 | -€20,031 | €22,459 | +€42,490 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,031 | €22,459 | +€42,490 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.