HAMELS: 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.
HAMELS
Largest movements
- Cash +€18,810
up €18,810 (+68.5%), from €27,442 to €46,253
mainly Depreciation (+€16,621) and Net result for the year (+€14,131)
- Tangible fixed assets +€16,053
up €16,053 (+30.1%), from €53,346 to €69,399
of which Land and buildings: +€11,609
- Receivables within one year -€11,236
down €11,236 (-66.8%), from €16,813 to €5,577
of which Trade receivables: -€16,456
- Trade debts +€11,910
up €11,910 (+1,582%), from €753 to €12,662
- Reserves +€10,000
up €10,000 (+40.8%), from €24,500 to €34,500
of which Distributable reserves: +€12,000
- Profit (loss) carried forward +€4,131
up €4,131 (+12.8%), from €32,179 to €36,310
- Debts after one year -€3,500
down €3,500 (-43.8%), from €8,000 to €4,500
- Gross operating margin -€19,134
down €19,134 (-34.2%), from €55,983 to €36,849
- Taxes -€7,010
down €7,010 (-60.8%), from €11,535 to €4,525
- Depreciation +€2,744
up €2,744 (+19.8%), from €13,877 to €16,621
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 | €101,876 | €125,574 | +€23,698 | +23.3% |
| Fixed assets | 21/28 | €53,346 | €69,399 | +€16,053 | +30.1% |
| Tangible fixed assets | 22/27 | €53,346 | €69,399 | +€16,053 | +30.1% |
| Land and buildings | 22 | - | €11,609 | +€11,609 | |
| Plant, machinery and equipment | 23 | €32,548 | €39,918 | +€7,371 | +22.6% |
| Furniture and vehicles | 24 | €20,798 | €15,727 | -€5,071 | -24.4% |
| Assets under construction and advance payments | 27 | - | €2,145 | +€2,145 | |
| Current assets | 29/58 | €48,530 | €56,175 | +€7,645 | +15.8% |
| Amounts receivable within one year | 40/41 | €16,813 | €5,577 | -€11,236 | -66.8% |
| Trade receivables | 40 | €16,456 | - | -€16,456 | |
| Other amounts receivable | 41 | €357 | €5,577 | +€5,220 | +1,461% |
| Cash at bank and in hand | 54/58 | €27,442 | €46,253 | +€18,810 | +68.5% |
| Deferred charges and accrued income | 490/1 | €4,275 | €4,345 | +€70 | +1.6% |
| Total equity and liabilities | 10/49 | €101,876 | €125,574 | +€23,698 | +23.3% |
| Equity | 10/15 | €64,679 | €78,810 | +€14,131 | +21.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €24,500 | €34,500 | +€10,000 | +40.8% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €22,500 | €34,500 | +€12,000 | +53.3% |
| Profit (loss) carried forward | 14 | €32,179 | €36,310 | +€4,131 | +12.8% |
| Amounts payable | 17/49 | €37,197 | €46,764 | +€9,567 | +25.7% |
| Amounts payable after more than one year | 17 | €8,000 | €4,500 | -€3,500 | -43.8% |
| Financial debts | 170/4 | €8,000 | €4,500 | -€3,500 | -43.8% |
| Amounts payable within one year | 42/48 | €29,197 | €42,264 | +€13,067 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | €3,500 | €3,500 | = | 0.0% |
| Trade debts | 44 | €753 | €12,662 | +€11,910 | +1,582% |
| Suppliers | 440/4 | €753 | €12,662 | +€11,910 | +1,582% |
| Taxes, remuneration and social security | 45 | €9,350 | €9,252 | -€98 | -1.0% |
| Taxes | 450/3 | €8,750 | €9,252 | +€502 | +5.7% |
| Remuneration and social security | 454/9 | €600 | - | -€600 | |
| Other amounts payable | 47/48 | €15,595 | €16,849 | +€1,255 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,877 | €16,621 | +€2,744 | +19.8% |
| Other operating charges | 640/8 | €143 | €430 | +€286 | +200% |
| Gross operating margin | 9900 | €55,983 | €36,849 | -€19,134 | -34.2% |
| Operating profit (loss) | 9901 | €41,963 | €19,799 | -€22,165 | -52.8% |
| Financial income | 75/76B | €1 | €187 | +€185 | +12,955% |
| Recurring financial income | 75 | €1 | €187 | +€185 | +12,955% |
| Financial charges | 65/66B | €1,410 | €1,329 | -€81 | -5.8% |
| Recurring financial charges | 65 | €1,410 | €1,329 | -€81 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €40,555 | €18,656 | -€21,898 | -54.0% |
| Income taxes | 67/77 | €11,535 | €4,525 | -€7,010 | -60.8% |
| Profit (loss) for the period | 9904 | €29,019 | €14,131 | -€14,888 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,019 | €14,131 | -€14,888 | -51.3% |
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 16 October 2026 via checked.be.