HAMADALY: 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.
HAMADALY
Largest movements
- Receivables within one year -€37,158
down €37,158 (-12.7%), from €291,905 to €254,748
of which Trade receivables: -€44,600
- Cash +€32,716
up €32,716 (+109%), from €30,002 to €62,718
mainly Depreciation (+€37,347) and Receivables within one year (+€37,158)
- Tangible fixed assets +€29,203
up €29,203 (+9.6%), from €305,056 to €334,260
- Reserves +€76,717
up €76,717 (+26.8%), from €286,000 to €362,717
- Profit (loss) carried forward -€45,560
no longer reported in 2025 (was €45,560)
- Tax, wage and social debts -€11,845
down €11,845 (-94.6%), from €12,524 to €680
- Debts after one year +€7,500
up €7,500 (+19.0%), from €39,400 to €46,900
- Depreciation +€7,806
up €7,806 (+26.4%), from €29,541 to €37,347
- Other operating charges -€5,103
down €5,103 (-58.9%), from €8,670 to €3,567
- Taxes -€1,800
down €1,800 (-14.4%), from €12,524 to €10,724
- Gross operating margin -€1,303
down €1,303 (-1.5%), from €84,343 to €83,040
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 | €629,464 | €651,725 | +€22,262 | +3.5% |
| Fixed assets | 21/28 | €305,056 | €334,260 | +€29,203 | +9.6% |
| Tangible fixed assets | 22/27 | €305,056 | €334,260 | +€29,203 | +9.6% |
| Land and buildings | 22 | €305,056 | €334,260 | +€29,203 | +9.6% |
| Current assets | 29/58 | €324,407 | €317,466 | -€6,942 | -2.1% |
| Amounts receivable within one year | 40/41 | €291,905 | €254,748 | -€37,158 | -12.7% |
| Trade receivables | 40 | €63,600 | €19,000 | -€44,600 | -70.1% |
| Other amounts receivable | 41 | €228,305 | €235,748 | +€7,442 | +3.3% |
| Cash at bank and in hand | 54/58 | €30,002 | €62,718 | +€32,716 | +109% |
| Deferred charges and accrued income | 490/1 | €2,500 | - | -€2,500 | |
| Total equity and liabilities | 10/49 | €629,464 | €651,725 | +€22,262 | +3.5% |
| Equity | 10/15 | €352,020 | €383,177 | +€31,157 | +8.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €286,000 | €362,717 | +€76,717 | +26.8% |
| Distributable reserves | 133 | €286,000 | €362,717 | +€76,717 | +26.8% |
| Profit (loss) carried forward | 14 | €45,560 | - | -€45,560 | |
| Amounts payable | 17/49 | €277,444 | €268,549 | -€8,895 | -3.2% |
| Amounts payable after more than one year | 17 | €39,400 | €46,900 | +€7,500 | +19.0% |
| Other amounts payable | 178/9 | €39,400 | €46,900 | +€7,500 | +19.0% |
| Amounts payable within one year | 42/48 | €238,044 | €221,649 | -€16,395 | -6.9% |
| Trade debts | 44 | €24,607 | €23,106 | -€1,501 | -6.1% |
| Suppliers | 440/4 | €24,607 | €23,106 | -€1,501 | -6.1% |
| Taxes, remuneration and social security | 45 | €12,524 | €680 | -€11,845 | -94.6% |
| Taxes | 450/3 | €12,524 | €680 | -€11,845 | -94.6% |
| Other amounts payable | 47/48 | €200,912 | €197,863 | -€3,049 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,541 | €37,347 | +€7,806 | +26.4% |
| Other operating charges | 640/8 | €8,670 | €3,567 | -€5,103 | -58.9% |
| Gross operating margin | 9900 | €84,343 | €83,040 | -€1,303 | -1.5% |
| Operating profit (loss) | 9901 | €46,132 | €42,127 | -€4,006 | -8.7% |
| Financial income | 75/76B | - | €125 | +€125 | |
| Recurring financial income | 75 | - | €125 | +€125 | |
| Financial charges | 65/66B | €171 | €370 | +€199 | +117% |
| Recurring financial charges | 65 | €171 | €370 | +€199 | +117% |
| Profit (loss) for the period before taxes | 9903 | €45,961 | €41,881 | -€4,080 | -8.9% |
| Income taxes | 67/77 | €12,524 | €10,724 | -€1,800 | -14.4% |
| Profit (loss) for the period | 9904 | €33,437 | €31,157 | -€2,280 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,437 | €31,157 | -€2,280 | -6.8% |
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.