HAMACO: 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.
HAMACO
Largest movements
- Cash -€159,000
down €159,000 (-54.8%), from €290,087 to €131,086
mainly Tax, wage and social debts (-€132,854) and Net result for the year (-€24,998)
- Tangible fixed assets -€11,763
down €11,763 (-5.7%), from €207,497 to €195,734
of which Land and buildings: -€8,420
- Tax, wage and social debts -€132,854
down €132,854 (-99.6%), from €133,421 to €566
- Profit (loss) carried forward -€24,998
down €24,998 (-22.2%), from -€112,680 to -€137,678
- Other debts -€13,118
down €13,118 (-2.8%), from €465,671 to €452,554
- Gross operating margin +€103,611
up €103,611 (+89.6%), from -€115,628 to -€12,017
- Other operating charges -€7,241
down €7,241 (-86.2%), from €8,396 to €1,155
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 | €501,299 | €331,891 | -€169,408 | -33.8% |
| Fixed assets | 21/28 | €207,497 | €195,734 | -€11,763 | -5.7% |
| Tangible fixed assets | 22/27 | €207,497 | €195,734 | -€11,763 | -5.7% |
| Land and buildings | 22 | €193,639 | €185,219 | -€8,420 | -4.3% |
| Plant, machinery and equipment | 23 | €13,857 | €10,515 | -€3,343 | -24.1% |
| Current assets | 29/58 | €293,803 | €136,157 | -€157,645 | -53.7% |
| Amounts receivable within one year | 40/41 | €3,716 | €5,071 | +€1,355 | +36.5% |
| Trade receivables | 40 | €3,716 | €5,058 | +€1,341 | +36.1% |
| Other amounts receivable | 41 | - | €13 | +€13 | |
| Cash at bank and in hand | 54/58 | €290,087 | €131,086 | -€159,000 | -54.8% |
| Total equity and liabilities | 10/49 | €501,299 | €331,891 | -€169,408 | -33.8% |
| Equity | 10/15 | -€107,680 | -€132,678 | -€24,998 | -23.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,680 | -€137,678 | -€24,998 | -22.2% |
| Amounts payable | 17/49 | €608,979 | €464,569 | -€144,410 | -23.7% |
| Amounts payable within one year | 42/48 | €608,979 | €464,569 | -€144,410 | -23.7% |
| Trade debts | 44 | €9,887 | €11,449 | +€1,562 | +15.8% |
| Suppliers | 440/4 | €9,887 | €11,449 | +€1,562 | +15.8% |
| Taxes, remuneration and social security | 45 | €133,421 | €566 | -€132,854 | -99.6% |
| Taxes | 450/3 | €133,421 | €566 | -€132,854 | -99.6% |
| Other amounts payable | 47/48 | €465,671 | €452,554 | -€13,118 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,931 | €11,763 | +€832 | +7.6% |
| Other operating charges | 640/8 | €8,396 | €1,155 | -€7,241 | -86.2% |
| Gross operating margin | 9900 | -€115,628 | -€12,017 | +€103,611 | +89.6% |
| Operating profit (loss) | 9901 | -€134,956 | -€24,935 | +€110,020 | +81.5% |
| Financial charges | 65/66B | €348 | €62 | -€286 | -82.2% |
| Recurring financial charges | 65 | €348 | €62 | -€286 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | -€135,304 | -€24,998 | +€110,306 | +81.5% |
| Profit (loss) for the period | 9904 | -€135,304 | -€24,998 | +€110,306 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€135,304 | -€24,998 | +€110,306 | +81.5% |
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 17 October 2026 via checked.be.