Hamdard: 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.
Hamdard
Largest movements
- Tangible fixed assets +€58,577
up €58,577 (+561%), from €10,438 to €69,015
of which Furniture and vehicles: +€63,332
- Cash -€51,666
down €51,666 (-84.2%), from €61,352 to €9,686
mainly Investment in fixed assets (net) (-€66,300) and Net result for the year (-€43,206)
- Receivables within one year +€6,304
up €6,304 (+39.1%), from €16,112 to €22,416
of which Trade receivables: +€19,436
- Profit (loss) carried forward -€43,206
down €43,206 (-75.9%), from €56,895 to €13,689
- Debts after one year +€36,118
new in 2025: €36,118
- Accrued charges and deferred income +€18,207
new in 2025: €18,207
- Trade debts -€15,649
down €15,649 (-24.1%), from €65,034 to €49,385
- Current portion of long-term debt +€13,711
new in 2025: €13,711
- Purchases and services +€140,335
up €140,335 (+24.2%), from €580,419 to €720,754
- Turnover +€111,683
up €111,683 (+19.4%), from €576,642 to €688,325
- Gross operating margin -€28,652
down €28,652 (-759%), from -€3,777 to -€32,429
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.
Derived cash bridge
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 | €142,389 | €155,604 | +€13,215 | +9.3% |
| Fixed assets | 21/28 | €34,225 | €92,802 | +€58,577 | +171% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €10,438 | €69,015 | +€58,577 | +561% |
| Plant, machinery and equipment | 23 | €10,438 | €5,683 | -€4,755 | -45.6% |
| Furniture and vehicles | 24 | - | €63,332 | +€63,332 | |
| Financial fixed assets | 28 | €23,787 | €23,787 | = | 0.0% |
| Current assets | 29/58 | €108,164 | €62,802 | -€45,362 | -41.9% |
| Stocks and contracts in progress | 3 | €30,700 | €30,700 | = | 0.0% |
| Stocks | 30/36 | €30,700 | €30,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,112 | €22,416 | +€6,304 | +39.1% |
| Trade receivables | 40 | - | €19,436 | +€19,436 | |
| Other amounts receivable | 41 | €16,112 | €2,980 | -€13,132 | -81.5% |
| Cash at bank and in hand | 54/58 | €61,352 | €9,686 | -€51,666 | -84.2% |
| Total equity and liabilities | 10/49 | €142,389 | €155,604 | +€13,215 | +9.3% |
| Equity | 10/15 | €77,355 | €34,149 | -€43,206 | -55.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,895 | €13,689 | -€43,206 | -75.9% |
| Amounts payable | 17/49 | €65,034 | €121,455 | +€56,421 | +86.8% |
| Amounts payable after more than one year | 17 | - | €36,118 | +€36,118 | |
| Financial debts | 170/4 | - | €36,118 | +€36,118 | |
| Amounts payable within one year | 42/48 | €65,034 | €67,130 | +€2,096 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | - | €13,711 | +€13,711 | |
| Trade debts | 44 | €65,034 | €49,385 | -€15,649 | -24.1% |
| Suppliers | 440/4 | €65,034 | €49,385 | -€15,649 | -24.1% |
| Taxes, remuneration and social security | 45 | - | €4,034 | +€4,034 | |
| Taxes | 450/3 | - | €4,034 | +€4,034 | |
| Accrued charges and deferred income | 492/3 | - | €18,207 | +€18,207 | |
| Turnover | 70 | €576,642 | €688,325 | +€111,683 | +19.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €580,419 | €720,754 | +€140,335 | +24.2% |
| Remuneration, social security and pensions | 62 | €1,000 | €2,845 | +€1,845 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,660 | €7,723 | +€2,063 | +36.4% |
| Other operating charges | 640/8 | €506 | €1,767 | +€1,261 | +249% |
| Gross operating margin | 9900 | -€3,777 | -€32,429 | -€28,652 | -759% |
| Operating profit (loss) | 9901 | -€10,943 | -€44,764 | -€33,821 | -309% |
| Financial income | 75/76B | - | €2,423 | +€2,423 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Non-recurring financial income | 76B | - | €2,413 | +€2,413 | |
| Financial charges | 65/66B | €406 | - | -€406 | |
| Recurring financial charges | 65 | €406 | - | -€406 | |
| Profit (loss) for the period before taxes | 9903 | -€11,349 | -€42,341 | -€30,992 | -273% |
| Income taxes | 67/77 | €5,097 | €865 | -€4,232 | -83.0% |
| Profit (loss) for the period | 9904 | -€16,446 | -€43,206 | -€26,760 | -163% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,446 | -€43,206 | -€26,760 | -163% |
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 18 October 2026 via checked.be.