Hamalin: 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.
Hamalin
Largest movements
- Tangible fixed assets -€6,633
down €6,633 (-6.3%), from €104,632 to €97,998
of which Land and buildings: -€9,995
- Receivables within one year -€5,604
down €5,604 (-3.6%), from €154,196 to €148,592
of which Trade receivables: -€5,604
- Cash +€5,296
up €5,296 (+46.3%), from €11,448 to €16,744
mainly Depreciation (+€10,233) and Other debts (+€7,328)
- Trade debts -€7,867
down €7,867 (-44.8%), from €17,556 to €9,689
- Other debts +€7,328
up €7,328 (+719.6%), from €1,018 to €8,346
- Advances received -€3,275
down €3,275 (-45.3%), from €7,235 to €3,960
- Profit (loss) carried forward -€3,259
down €3,259 (-7.7%), from €42,232 to €38,973
- Depreciation -€9,680
down €9,680 (-48.6%), from €19,913 to €10,233
- Gross operating margin +€4,596
up €4,596 (+49.8%), from €9,228 to €13,825
- Staff costs -€1,219
down €1,219 (-56.9%), from €2,143 to €925
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 | €278,612 | €271,838 | -€6,773 | -2.4% |
| Fixed assets | 21/28 | €104,632 | €97,998 | -€6,633 | -6.3% |
| Tangible fixed assets | 22/27 | €104,632 | €97,998 | -€6,633 | -6.3% |
| Land and buildings | 22 | €104,632 | €94,637 | -€9,995 | -9.6% |
| Plant, machinery and equipment | 23 | - | €3,361 | +€3,361 | |
| Current assets | 29/58 | €173,980 | €173,840 | -€140 | -0.1% |
| Amounts receivable within one year | 40/41 | €154,196 | €148,592 | -€5,604 | -3.6% |
| Trade receivables | 40 | €50,249 | €44,645 | -€5,604 | -11.2% |
| Other amounts receivable | 41 | €103,947 | €103,947 | = | 0.0% |
| Current investments | 50/53 | €6,764 | €6,764 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,448 | €16,744 | +€5,296 | +46.3% |
| Deferred charges and accrued income | 490/1 | €1,572 | €1,741 | +€169 | +10.7% |
| Total equity and liabilities | 10/49 | €278,612 | €271,838 | -€6,773 | -2.4% |
| Equity | 10/15 | €251,822 | €248,563 | -€3,259 | -1.3% |
| Contributions | 10/11 | €26,250 | €26,250 | = | 0.0% |
| Reserves | 13 | €183,340 | €183,340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,860 | €3,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,860 | €3,860 | = | 0.0% |
| Distributable reserves | 133 | €179,480 | €179,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,232 | €38,973 | -€3,259 | -7.7% |
| Amounts payable | 17/49 | €26,789 | €23,275 | -€3,514 | -13.1% |
| Amounts payable within one year | 42/48 | €26,789 | €23,275 | -€3,514 | -13.1% |
| Trade debts | 44 | €17,556 | €9,689 | -€7,867 | -44.8% |
| Suppliers | 440/4 | €17,556 | €9,689 | -€7,867 | -44.8% |
| Advances received on contracts in progress | 46 | €7,235 | €3,960 | -€3,275 | -45.3% |
| Taxes, remuneration and social security | 45 | €980 | €1,280 | +€299 | +30.5% |
| Taxes | 450/3 | €980 | €1,280 | +€299 | +30.5% |
| Other amounts payable | 47/48 | €1,018 | €8,346 | +€7,328 | +719.6% |
| Remuneration, social security and pensions | 62 | €2,143 | €925 | -€1,219 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,913 | €10,233 | -€9,680 | -48.6% |
| Other operating charges | 640/8 | €5,451 | €5,391 | -€60 | -1.1% |
| Gross operating margin | 9900 | €9,228 | €13,825 | +€4,596 | +49.8% |
| Operating profit (loss) | 9901 | -€18,279 | -€2,724 | +€15,555 | +85.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €584 | €535 | -€50 | -8.5% |
| Recurring financial charges | 65 | €584 | €535 | -€50 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,863 | -€3,259 | +€15,604 | +82.7% |
| Profit (loss) for the period | 9904 | -€18,863 | -€3,259 | +€15,604 | +82.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,863 | -€3,259 | +€15,604 | +82.7% |
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.