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
- Tangible fixed assets +€25,294
up €25,294 (+41.2%), from €61,344 to €86,637
of which Furniture and vehicles: +€26,041
- Receivables within one year +€19,538
up €19,538 (+397%), from €4,926 to €24,464
of which Other amounts receivable: +€11,005
- Stocks and contracts +€6,017
up €6,017 (+858%), from €702 to €6,719
- Cash -€3,240
down €3,240 (-75.8%), from €4,272 to €1,032
mainly Investment in fixed assets (net) (-€40,443) and Receivables within one year (-€19,538)
- Debts after one year +€24,288
up €24,288 (+72.0%), from €33,720 to €58,008
- Trade debts +€11,605
up €11,605 (+129%), from €8,966 to €20,571
- Current portion of long-term debt +€8,258
up €8,258 (+87.3%), from €9,454 to €17,712
- Other debts +€2,352
up €2,352 (+16.9%), from €13,941 to €16,292
- Profit (loss) carried forward +€2,231
up €2,231, from -€921 to €1,309
- Gross operating margin +€7,269
up €7,269 (+55.1%), from €13,197 to €20,467
- Depreciation +€4,087
up €4,087 (+36.9%), from €11,063 to €15,150
- Taxes -€236
no longer reported in 2025 (was €236)
- Financial charges +€225
up €225 (+13.2%), from €1,705 to €1,930
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 | €71,675 | €119,332 | +€47,657 | +66.5% |
| Fixed assets | 21/28 | €61,344 | €86,637 | +€25,294 | +41.2% |
| Tangible fixed assets | 22/27 | €61,344 | €86,637 | +€25,294 | +41.2% |
| Plant, machinery and equipment | 23 | €2,634 | €1,887 | -€747 | -28.4% |
| Furniture and vehicles | 24 | €58,710 | €84,751 | +€26,041 | +44.4% |
| Current assets | 29/58 | €10,332 | €32,695 | +€22,363 | +216% |
| Stocks and contracts in progress | 3 | €702 | €6,719 | +€6,017 | +858% |
| Stocks | 30/36 | €702 | €6,719 | +€6,017 | +858% |
| Amounts receivable within one year | 40/41 | €4,926 | €24,464 | +€19,538 | +397% |
| Trade receivables | 40 | €3,194 | €11,727 | +€8,533 | +267% |
| Other amounts receivable | 41 | €1,732 | €12,737 | +€11,005 | +636% |
| Cash at bank and in hand | 54/58 | €4,272 | €1,032 | -€3,240 | -75.8% |
| Deferred charges and accrued income | 490/1 | €432 | €480 | +€48 | +11.1% |
| Total equity and liabilities | 10/49 | €71,675 | €119,332 | +€47,657 | +66.5% |
| Equity | 10/15 | €4,079 | €6,309 | +€2,231 | +54.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€921 | €1,309 | +€2,231 | |
| Amounts payable | 17/49 | €67,597 | €113,023 | +€45,426 | +67.2% |
| Amounts payable after more than one year | 17 | €33,720 | €58,008 | +€24,288 | +72.0% |
| Financial debts | 170/4 | €33,720 | €58,008 | +€24,288 | +72.0% |
| Amounts payable within one year | 42/48 | €33,876 | €55,015 | +€21,138 | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €9,454 | €17,712 | +€8,258 | +87.3% |
| Trade debts | 44 | €8,966 | €20,571 | +€11,605 | +129% |
| Suppliers | 440/4 | €8,966 | €20,571 | +€11,605 | +129% |
| Taxes, remuneration and social security | 45 | €1,516 | €439 | -€1,077 | -71.0% |
| Taxes | 450/3 | €236 | €439 | +€203 | +86.1% |
| Remuneration and social security | 454/9 | €1,280 | €0 | -€1,280 | -100% |
| Other amounts payable | 47/48 | €13,941 | €16,292 | +€2,352 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,063 | €15,150 | +€4,087 | +36.9% |
| Other operating charges | 640/8 | €1,125 | €1,184 | +€58 | +5.2% |
| Gross operating margin | 9900 | €13,197 | €20,467 | +€7,269 | +55.1% |
| Operating profit (loss) | 9901 | €1,009 | €4,134 | +€3,124 | +310% |
| Financial income | 75/76B | €11 | €27 | +€16 | +144% |
| Recurring financial income | 75 | €11 | €27 | +€16 | +144% |
| Financial charges | 65/66B | €1,705 | €1,930 | +€225 | +13.2% |
| Recurring financial charges | 65 | €1,705 | €1,930 | +€225 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€685 | €2,231 | +€2,915 | |
| Income taxes | 67/77 | €236 | - | -€236 | |
| Profit (loss) for the period | 9904 | -€921 | €2,231 | +€3,152 | |
| Profit (loss) for the period to be appropriated | 9905 | -€921 | €2,231 | +€3,152 |
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 25 October 2026 via checked.be.