HAMERS: 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.
HAMERS
Largest movements
- Receivables within one year -€650,685
down €650,685 (-78.9%), from €824,405 to €173,720
of which Other amounts receivable: -€337,535
- Current investments +€600,000
new in 2025: €600,000
- Tangible fixed assets +€265,307
up €265,307 (+4.2%), from €6.4m to €6.6m
of which Land and buildings: +€292,285
- Cash -€198,460
down €198,460 (-58.5%), from €339,437 to €140,977
mainly Current investments (-€600,000) and Investment in fixed assets (net) (-€562,421)
- Reserves +€551,889
up €551,889 (+25.5%), from €2.2m to €2.7m
of which Distributable reserves: +€551,889
- Debts after one year -€416,628
down €416,628 (-8.3%), from €5.0m to €4.6m
of which Financial debts: -€369,960
- Trade debts -€124,723
down €124,723 (-95.6%), from €130,444 to €5,720
- Taxes +€72,365
up €72,365 (+20,295%), from €357 to €72,721
- Depreciation +€68,839
up €68,839 (+30.2%), from €228,275 to €297,114
- Gross operating margin +€34,247
up €34,247 (+3.4%), from €1.0m to €1.0m
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 | €7,738,161 | €7,750,102 | +€11,942 | +0.2% |
| Fixed assets | 21/28 | €6,565,599 | €6,830,906 | +€265,307 | +4.0% |
| Tangible fixed assets | 22/27 | €6,378,912 | €6,644,219 | +€265,307 | +4.2% |
| Land and buildings | 22 | €6,150,813 | €6,443,098 | +€292,285 | +4.8% |
| Plant, machinery and equipment | 23 | €2,456 | €2,300 | -€156 | -6.3% |
| Furniture and vehicles | 24 | €225,643 | €198,820 | -€26,823 | -11.9% |
| Financial fixed assets | 28 | €186,687 | €186,687 | = | 0.0% |
| Current assets | 29/58 | €1,172,562 | €919,197 | -€253,365 | -21.6% |
| Amounts receivable within one year | 40/41 | €824,405 | €173,720 | -€650,685 | -78.9% |
| Trade receivables | 40 | €313,150 | €0 | -€313,150 | -100% |
| Other amounts receivable | 41 | €511,255 | €173,720 | -€337,535 | -66.0% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €339,437 | €140,977 | -€198,460 | -58.5% |
| Deferred charges and accrued income | 490/1 | €8,720 | €4,500 | -€4,220 | -48.4% |
| Total equity and liabilities | 10/49 | €7,738,161 | €7,750,102 | +€11,942 | +0.2% |
| Equity | 10/15 | €2,181,189 | €2,733,077 | +€551,889 | +25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,162,589 | €2,714,477 | +€551,889 | +25.5% |
| Tax-exempt reserves | 132 | €147,350 | €147,350 | = | 0.0% |
| Distributable reserves | 133 | €2,015,239 | €2,567,127 | +€551,889 | +27.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,556,972 | €5,017,025 | -€539,947 | -9.7% |
| Amounts payable after more than one year | 17 | €4,991,385 | €4,574,757 | -€416,628 | -8.3% |
| Financial debts | 170/4 | €4,897,268 | €4,527,308 | -€369,960 | -7.6% |
| Other amounts payable | 178/9 | €94,116 | €47,449 | -€46,667 | -49.6% |
| Amounts payable within one year | 42/48 | €565,549 | €442,268 | -€123,281 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €360,816 | €369,960 | +€9,144 | +2.5% |
| Trade debts | 44 | €130,444 | €5,720 | -€124,723 | -95.6% |
| Suppliers | 440/4 | €130,444 | €5,720 | -€124,723 | -95.6% |
| Advances received on contracts in progress | 46 | €70,000 | €0 | -€70,000 | -100% |
| Taxes, remuneration and social security | 45 | €4,289 | €66,587 | +€62,298 | +1,453% |
| Taxes | 450/3 | €1,789 | €64,087 | +€62,298 | +3,482% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €38 | €0 | -€38 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,275 | €297,114 | +€68,839 | +30.2% |
| Other operating charges | 640/8 | €5,899 | €4,898 | -€1,001 | -17.0% |
| Gross operating margin | 9900 | €1,003,082 | €1,037,328 | +€34,247 | +3.4% |
| Operating profit (loss) | 9901 | €768,907 | €735,316 | -€33,591 | -4.4% |
| Financial income | 75/76B | €18,430 | €24,406 | +€5,976 | +32.4% |
| Recurring financial income | 75 | €18,430 | €24,406 | +€5,976 | +32.4% |
| Financial charges | 65/66B | €113,729 | €115,492 | +€1,763 | +1.6% |
| Recurring financial charges | 65 | €113,729 | €115,492 | +€1,763 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €673,608 | €644,231 | -€29,377 | -4.4% |
| Income taxes | 67/77 | €357 | €72,721 | +€72,365 | +20,295% |
| Profit (loss) for the period | 9904 | €673,251 | €571,509 | -€101,742 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €673,251 | €571,509 | -€101,742 | -15.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.