Hamardi: 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.
Hamardi
Largest movements
- Receivables within one year -€7,346
down €7,346 (-16.9%), from €43,420 to €36,074
of which Trade receivables: -€5,631
- Cash +€6,032
up €6,032 (+75.5%), from €7,988 to €14,020
mainly Receivables within one year (+€7,346) and Depreciation (+€4,423)
- Tangible fixed assets -€2,631
down €2,631 (-26.9%), from €9,766 to €7,135
- Deferred charges and accrued income +€1,516
up €1,516 (+285.0%), from €532 to €2,048
- Accrued charges and deferred income +€4,113
up €4,113 (+142.2%), from €2,892 to €7,006
- Current portion of long-term debt -€3,381
down €3,381 (-74.2%), from €4,555 to €1,175
- Trade debts -€1,990
down €1,990 (-56.3%), from €3,532 to €1,542
- Debts after one year -€1,175
down €1,175 (-100.0%), from €1,175 to €0
- Gross operating margin -€3,984
down €3,984 (-34.6%), from €11,508 to €7,524
- Depreciation -€2,787
down €2,787 (-38.7%), from €7,211 to €4,423
- Taxes -€536
down €536 (-51.4%), from €1,043 to €507
- Other operating charges -€205
down €205 (-14.0%), from €1,463 to €1,258
- Financial charges +€151
up €151 (+10.9%), from €1,388 to €1,540
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 | €63,206 | €60,777 | -€2,429 | -3.8% |
| Fixed assets | 21/28 | €9,766 | €7,135 | -€2,631 | -26.9% |
| Tangible fixed assets | 22/27 | €9,766 | €7,135 | -€2,631 | -26.9% |
| Furniture and vehicles | 24 | €9,766 | €7,135 | -€2,631 | -26.9% |
| Current assets | 29/58 | €53,440 | €53,642 | +€202 | +0.4% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,420 | €36,074 | -€7,346 | -16.9% |
| Trade receivables | 40 | €10,120 | €4,489 | -€5,631 | -55.6% |
| Other amounts receivable | 41 | €33,300 | €31,585 | -€1,715 | -5.1% |
| Cash at bank and in hand | 54/58 | €7,988 | €14,020 | +€6,032 | +75.5% |
| Deferred charges and accrued income | 490/1 | €532 | €2,048 | +€1,516 | +285.0% |
| Total equity and liabilities | 10/49 | €63,206 | €60,777 | -€2,429 | -3.8% |
| Equity | 10/15 | €2,943 | €3,392 | +€449 | +15.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €943 | €1,392 | +€449 | +47.7% |
| Amounts payable | 17/49 | €60,263 | €57,385 | -€2,878 | -4.8% |
| Amounts payable after more than one year | 17 | €1,175 | €0 | -€1,175 | -100.0% |
| Financial debts | 170/4 | €1,175 | €0 | -€1,175 | -100.0% |
| Amounts payable within one year | 42/48 | €56,196 | €50,379 | -€5,817 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €4,555 | €1,175 | -€3,381 | -74.2% |
| Trade debts | 44 | €3,532 | €1,542 | -€1,990 | -56.3% |
| Suppliers | 440/4 | €3,532 | €1,542 | -€1,990 | -56.3% |
| Taxes, remuneration and social security | 45 | €23,216 | €22,770 | -€446 | -1.9% |
| Taxes | 450/3 | €5,598 | €5,445 | -€153 | -2.7% |
| Remuneration and social security | 454/9 | €17,618 | €17,325 | -€293 | -1.7% |
| Other amounts payable | 47/48 | €24,893 | €24,893 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,892 | €7,006 | +€4,113 | +142.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,211 | €4,423 | -€2,787 | -38.7% |
| Other operating charges | 640/8 | €1,463 | €1,258 | -€205 | -14.0% |
| Gross operating margin | 9900 | €11,508 | €7,524 | -€3,984 | -34.6% |
| Operating profit (loss) | 9901 | €2,834 | €1,843 | -€992 | -35.0% |
| Financial income | 75/76B | €540 | €653 | +€113 | +20.9% |
| Recurring financial income | 75 | €540 | €653 | +€113 | +20.9% |
| Financial charges | 65/66B | €1,388 | €1,540 | +€151 | +10.9% |
| Recurring financial charges | 65 | €1,388 | €1,540 | +€151 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €1,986 | €956 | -€1,030 | -51.9% |
| Income taxes | 67/77 | €1,043 | €507 | -€536 | -51.4% |
| Profit (loss) for the period | 9904 | €943 | €449 | -€493 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €943 | €449 | -€493 | -52.3% |
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 10 October 2026 via checked.be.