HAMADI: 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.
HAMADI
Largest movements
- Receivables within one year +€128,748
up €128,748 (+225.3%), from €57,153 to €185,901
of which Trade receivables: +€129,532
- Tangible fixed assets +€31,201
up €31,201 (+128.9%), from €24,212 to €55,413
of which Furniture and vehicles: +€34,757
- Trade debts +€126,240
up €126,240 (+195.8%), from €64,483 to €190,723
- Debts after one year +€19,100
up €19,100 (+387.0%), from €4,936 to €24,035
- Current portion of long-term debt +€5,631
up €5,631 (+186.0%), from €3,027 to €8,658
- Tax, wage and social debts +€5,531
up €5,531 (+31.5%), from €17,565 to €23,095
of which Remuneration and social security: +€4,161
- Profit (loss) carried forward +€3,434
up €3,434 (+8.8%), from €39,042 to €42,476
- Gross operating margin +€17,159
up €17,159 (+35.0%), from €48,958 to €66,117
- Staff costs +€11,502
up €11,502 (+34.9%), from €32,923 to €44,424
- Other operating charges +€8,006
up €8,006 (+2989.5%), from €268 to €8,274
- Taxes +€2,109
new in 2024: €2,109
- Depreciation +€1,494
up €1,494 (+34.4%), from €4,343 to €5,838
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,595 | €296,918 | +€159,323 | +115.8% |
| Fixed assets | 21/28 | €24,416 | €55,617 | +€31,201 | +127.8% |
| Tangible fixed assets | 22/27 | €24,212 | €55,413 | +€31,201 | +128.9% |
| Plant, machinery and equipment | 23 | €1,390 | €1,067 | -€323 | -23.2% |
| Furniture and vehicles | 24 | €1,976 | €36,733 | +€34,757 | +1758.9% |
| Other tangible fixed assets | 26 | €20,846 | €17,613 | -€3,233 | -15.5% |
| Financial fixed assets | 28 | €204 | €204 | = | 0.0% |
| Current assets | 29/58 | €113,179 | €241,301 | +€128,122 | +113.2% |
| Stocks and contracts in progress | 3 | €6,400 | €7,502 | +€1,102 | +17.2% |
| Stocks | 30/36 | €6,400 | €7,502 | +€1,102 | +17.2% |
| Amounts receivable within one year | 40/41 | €57,153 | €185,901 | +€128,748 | +225.3% |
| Trade receivables | 40 | €53,825 | €183,357 | +€129,532 | +240.7% |
| Other amounts receivable | 41 | €3,328 | €2,545 | -€784 | -23.5% |
| Cash at bank and in hand | 54/58 | €49,515 | €47,749 | -€1,766 | -3.6% |
| Deferred charges and accrued income | 490/1 | €111 | €149 | +€38 | +34.0% |
| Total equity and liabilities | 10/49 | €137,595 | €296,918 | +€159,323 | +115.8% |
| Equity | 10/15 | €44,968 | €48,402 | +€3,434 | +7.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €5,425 | €5,425 | = | 0.0% |
| Non-distributable reserves | 130/1 | €785 | €785 | = | 0.0% |
| Reserves not available under the articles | 1311 | €785 | €785 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,641 | €4,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,042 | €42,476 | +€3,434 | +8.8% |
| Amounts payable | 17/49 | €92,628 | €248,517 | +€155,889 | +168.3% |
| Amounts payable after more than one year | 17 | €4,936 | €24,035 | +€19,100 | +387.0% |
| Financial debts | 170/4 | €4,936 | €24,035 | +€19,100 | +387.0% |
| Amounts payable within one year | 42/48 | €87,508 | €224,481 | +€136,974 | +156.5% |
| Current portion of amounts payable after more than one year | 42 | €3,027 | €8,658 | +€5,631 | +186.0% |
| Trade debts | 44 | €64,483 | €190,723 | +€126,240 | +195.8% |
| Suppliers | 440/4 | €64,483 | €190,723 | +€126,240 | +195.8% |
| Taxes, remuneration and social security | 45 | €17,565 | €23,095 | +€5,531 | +31.5% |
| Taxes | 450/3 | €5,685 | €7,055 | +€1,370 | +24.1% |
| Remuneration and social security | 454/9 | €11,879 | €16,040 | +€4,161 | +35.0% |
| Other amounts payable | 47/48 | €2,433 | €2,005 | -€428 | -17.6% |
| Accrued charges and deferred income | 492/3 | €184 | - | -€184 | |
| Remuneration, social security and pensions | 62 | €32,923 | €44,424 | +€11,502 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,343 | €5,838 | +€1,494 | +34.4% |
| Other operating charges | 640/8 | €268 | €8,274 | +€8,006 | +2989.5% |
| Non-recurring operating charges | 66A | €693 | €126 | -€567 | -81.8% |
| Gross operating margin | 9900 | €48,958 | €66,117 | +€17,159 | +35.0% |
| Operating profit (loss) | 9901 | €10,731 | €7,455 | -€3,277 | -30.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,470 | €1,912 | -€558 | -22.6% |
| Recurring financial charges | 65 | €2,470 | €1,912 | -€558 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €8,262 | €5,543 | -€2,719 | -32.9% |
| Income taxes | 67/77 | - | €2,109 | +€2,109 | |
| Profit (loss) for the period | 9904 | €8,262 | €3,434 | -€4,828 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,262 | €3,434 | -€4,828 | -58.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.