HAMDAN: 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.
HAMDAN
Largest movements
- Receivables within one year +€85,992
up €85,992 (+58.8%), from €146,225 to €232,217
of which Other amounts receivable: +€85,973
- Cash -€20,825
down €20,825 (-16.2%), from €128,542 to €107,717
mainly Receivables within one year (-€85,992) and Contributions, distributions and other (-€55,000)
- Tangible fixed assets -€10,161
down €10,161 (-17.4%), from €58,346 to €48,185
of which Furniture and vehicles: -€10,771
- Reserves +€48,765
up €48,765 (+12.4%), from €393,259 to €442,024
- Other debts +€35,425
up €35,425 (+221.4%), from €16,000 to €51,425
- Debts after one year -€14,370
no longer reported in 2025 (was €14,370)
- Current portion of long-term debt -€8,982
down €8,982 (-28.3%), from €31,685 to €22,703
- Gross operating margin -€108,069
down €108,069 (-41.3%), from €261,848 to €153,780
- Taxes -€32,360
down €32,360 (-42.2%), from €76,714 to €44,354
- Financial income +€7,321
up €7,321 (+98.2%), from €7,454 to €14,775
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 | €497,073 | €553,788 | +€56,714 | +11.4% |
| Fixed assets | 21/28 | €59,376 | €49,215 | -€10,161 | -17.1% |
| Tangible fixed assets | 22/27 | €58,346 | €48,185 | -€10,161 | -17.4% |
| Plant, machinery and equipment | 23 | €2,210 | €1,598 | -€612 | -27.7% |
| Furniture and vehicles | 24 | €49,799 | €39,028 | -€10,771 | -21.6% |
| Other tangible fixed assets | 26 | €6,337 | €7,558 | +€1,221 | +19.3% |
| Financial fixed assets | 28 | €1,030 | €1,030 | = | 0.0% |
| Current assets | 29/58 | €437,697 | €504,573 | +€66,875 | +15.3% |
| Amounts receivable after more than one year | 29 | €157,656 | €160,981 | +€3,325 | +2.1% |
| Other amounts receivable | 291 | €157,656 | €160,981 | +€3,325 | +2.1% |
| Amounts receivable within one year | 40/41 | €146,225 | €232,217 | +€85,992 | +58.8% |
| Trade receivables | 40 | €410 | €429 | +€19 | +4.6% |
| Other amounts receivable | 41 | €145,815 | €231,788 | +€85,973 | +59.0% |
| Cash at bank and in hand | 54/58 | €128,542 | €107,717 | -€20,825 | -16.2% |
| Deferred charges and accrued income | 490/1 | €5,274 | €3,657 | -€1,617 | -30.7% |
| Total equity and liabilities | 10/49 | €497,073 | €553,788 | +€56,714 | +11.4% |
| Equity | 10/15 | €405,659 | €454,424 | +€48,765 | +12.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €393,259 | €442,024 | +€48,765 | +12.4% |
| Distributable reserves | 133 | €393,259 | €442,024 | +€48,765 | +12.4% |
| Amounts payable | 17/49 | €91,414 | €99,364 | +€7,950 | +8.7% |
| Amounts payable after more than one year | 17 | €14,370 | - | -€14,370 | |
| Financial debts | 170/4 | €14,370 | - | -€14,370 | |
| Amounts payable within one year | 42/48 | €77,045 | €99,364 | +€22,320 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €31,685 | €22,703 | -€8,982 | -28.3% |
| Trade debts | 44 | €2,645 | €2,110 | -€535 | -20.2% |
| Suppliers | 440/4 | €2,645 | €2,110 | -€535 | -20.2% |
| Taxes, remuneration and social security | 45 | €26,714 | €23,126 | -€3,589 | -13.4% |
| Taxes | 450/3 | €26,714 | €23,126 | -€3,589 | -13.4% |
| Other amounts payable | 47/48 | €16,000 | €51,425 | +€35,425 | +221.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,186 | €18,690 | -€495 | -2.6% |
| Other operating charges | 640/8 | €127 | €31 | -€96 | -75.8% |
| Gross operating margin | 9900 | €261,848 | €153,780 | -€108,069 | -41.3% |
| Operating profit (loss) | 9901 | €242,536 | €135,059 | -€107,477 | -44.3% |
| Financial income | 75/76B | €7,454 | €14,775 | +€7,321 | +98.2% |
| Recurring financial income | 75 | €7,454 | €14,775 | +€7,321 | +98.2% |
| Financial charges | 65/66B | €1,312 | €1,715 | +€403 | +30.7% |
| Recurring financial charges | 65 | €1,312 | €1,715 | +€403 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €248,677 | €148,119 | -€100,558 | -40.4% |
| Income taxes | 67/77 | €76,714 | €44,354 | -€32,360 | -42.2% |
| Profit (loss) for the period | 9904 | €171,963 | €103,765 | -€68,198 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €171,963 | €103,765 | -€68,198 | -39.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.