HAMBRE: 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.
HAMBRE
Largest movements
- Cash -€80,069
down €80,069 (-54.1%), from €147,932 to €67,863
mainly Trade debts (-€148,971) and Debts after one year (-€60,103)
- Tangible fixed assets -€68,756
down €68,756 (-15.2%), from €453,219 to €384,462
of which Plant, machinery and equipment: -€61,017
- Deferred charges and accrued income -€22,212
down €22,212 (-88.3%), from €25,144 to €2,932
- Stocks and contracts -€12,308
down €12,308 (-9.7%), from €126,620 to €114,312
- Receivables within one year +€11,557
up €11,557 (+35.9%), from €32,190 to €43,747
of which Trade receivables: +€21,887
- Trade debts -€148,971
down €148,971 (-35.1%), from €423,961 to €274,989
- Debts after one year -€60,103
down €60,103 (-18.0%), from €334,448 to €274,345
- Profit (loss) carried forward +€21,645
up €21,645 (+54.1%), from -€40,044 to -€18,399
- Tax, wage and social debts +€15,045
up €15,045 (+203.3%), from €7,402 to €22,447
of which Remuneration and social security: +€13,634
- Gross operating margin +€53,571
up €53,571 (+39.3%), from €136,288 to €189,859
- Staff costs +€21,091
up €21,091 (+40.4%), from €52,143 to €73,234
- Depreciation +€4,860
up €4,860 (+7.0%), from €69,260 to €74,120
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €785,105 | €613,317 | -€171,789 | -21.9% |
| Fixed assets | 21/28 | €453,219 | €384,462 | -€68,756 | -15.2% |
| Tangible fixed assets | 22/27 | €453,219 | €384,462 | -€68,756 | -15.2% |
| Plant, machinery and equipment | 23 | €430,082 | €369,065 | -€61,017 | -14.2% |
| Furniture and vehicles | 24 | €23,136 | €15,397 | -€7,740 | -33.5% |
| Current assets | 29/58 | €331,887 | €228,855 | -€103,032 | -31.0% |
| Stocks and contracts in progress | 3 | €126,620 | €114,312 | -€12,308 | -9.7% |
| Stocks | 30/36 | €126,620 | €114,312 | -€12,308 | -9.7% |
| Amounts receivable within one year | 40/41 | €32,190 | €43,747 | +€11,557 | +35.9% |
| Trade receivables | 40 | €10,272 | €32,159 | +€21,887 | +213.1% |
| Other amounts receivable | 41 | €21,918 | €11,588 | -€10,330 | -47.1% |
| Cash at bank and in hand | 54/58 | €147,932 | €67,863 | -€80,069 | -54.1% |
| Deferred charges and accrued income | 490/1 | €25,144 | €2,932 | -€22,212 | -88.3% |
| Total equity and liabilities | 10/49 | €785,105 | €613,317 | -€171,789 | -21.9% |
| Equity | 10/15 | -€37,544 | -€15,899 | +€21,645 | +57.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,044 | -€18,399 | +€21,645 | +54.1% |
| Amounts payable | 17/49 | €822,649 | €629,215 | -€193,434 | -23.5% |
| Amounts payable after more than one year | 17 | €334,448 | €274,345 | -€60,103 | -18.0% |
| Financial debts | 170/4 | €334,448 | €274,345 | -€60,103 | -18.0% |
| Amounts payable within one year | 42/48 | €488,201 | €354,870 | -€133,331 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €53,599 | €55,712 | +€2,114 | +3.9% |
| Trade debts | 44 | €423,961 | €274,989 | -€148,971 | -35.1% |
| Suppliers | 440/4 | €423,961 | €274,989 | -€148,971 | -35.1% |
| Taxes, remuneration and social security | 45 | €7,402 | €22,447 | +€15,045 | +203.3% |
| Taxes | 450/3 | €5,774 | €7,185 | +€1,411 | +24.4% |
| Remuneration and social security | 454/9 | €1,628 | €15,262 | +€13,634 | +837.6% |
| Other amounts payable | 47/48 | €3,240 | €1,722 | -€1,518 | -46.9% |
| Remuneration, social security and pensions | 62 | €52,143 | €73,234 | +€21,091 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,260 | €74,120 | +€4,860 | +7.0% |
| Other operating charges | 640/8 | €2,265 | €1,634 | -€630 | -27.8% |
| Gross operating margin | 9900 | €136,288 | €189,859 | +€53,571 | +39.3% |
| Operating profit (loss) | 9901 | €12,620 | €40,871 | +€28,250 | +223.8% |
| Financial income | 75/76B | €292 | €199 | -€93 | -31.9% |
| Recurring financial income | 75 | €292 | €199 | -€93 | -31.9% |
| Financial charges | 65/66B | €19,912 | €18,444 | -€1,468 | -7.4% |
| Recurring financial charges | 65 | €19,912 | €18,444 | -€1,468 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,999 | €22,626 | +€29,625 | |
| Income taxes | 67/77 | - | €981 | +€981 | |
| Profit (loss) for the period | 9904 | -€6,999 | €21,645 | +€28,644 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,999 | €21,645 | +€28,644 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.