HAMESU: 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.
HAMESU
Largest movements
- Tangible fixed assets -€174,822
down €174,822 (-23.5%), from €743,393 to €568,571
of which Land and buildings: -€155,089
- Current investments +€115,539
up €115,539 (+241%), from €48,001 to €163,540
- Cash +€102,440
up €102,440 (+86.9%), from €117,840 to €220,280
mainly Net result for the year (+€177,963) and Investment in fixed assets (net) (+€132,012)
- Receivables within one year +€30,479
up €30,479 (+19.8%), from €153,841 to €184,320
of which Other amounts receivable: +€15,475
- Reserves +€177,963
up €177,963 (+21.4%), from €830,519 to €1.0m
of which Distributable reserves: +€177,963
- Current portion of long-term debt -€56,336
down €56,336 (-48.7%), from €115,701 to €59,366
- Debts after one year -€54,764
down €54,764 (-61.1%), from €89,574 to €34,810
- Trade debts +€12,174
up €12,174 (+61.6%), from €19,777 to €31,951
- Gross operating margin -€46,550
down €46,550 (-10.9%), from €427,343 to €380,794
- Staff costs -€33,583
down €33,583 (-33.9%), from €99,130 to €65,546
- Other operating charges -€4,386
down €4,386 (-27.8%), from €15,769 to €11,383
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 | €1,117,710 | €1,191,346 | +€73,635 | +6.6% |
| Fixed assets | 21/28 | €798,029 | €623,206 | -€174,822 | -21.9% |
| Tangible fixed assets | 22/27 | €743,393 | €568,571 | -€174,822 | -23.5% |
| Land and buildings | 22 | €616,912 | €461,823 | -€155,089 | -25.1% |
| Furniture and vehicles | 24 | €45,001 | €38,047 | -€6,954 | -15.5% |
| Other tangible fixed assets | 26 | €81,480 | €68,701 | -€12,780 | -15.7% |
| Financial fixed assets | 28 | €54,636 | €54,636 | = | 0.0% |
| Current assets | 29/58 | €319,682 | €568,139 | +€248,458 | +77.7% |
| Amounts receivable within one year | 40/41 | €153,841 | €184,320 | +€30,479 | +19.8% |
| Trade receivables | 40 | €63,710 | €78,714 | +€15,004 | +23.6% |
| Other amounts receivable | 41 | €90,131 | €105,606 | +€15,475 | +17.2% |
| Current investments | 50/53 | €48,001 | €163,540 | +€115,539 | +241% |
| Cash at bank and in hand | 54/58 | €117,840 | €220,280 | +€102,440 | +86.9% |
| Total equity and liabilities | 10/49 | €1,117,710 | €1,191,346 | +€73,635 | +6.6% |
| Equity | 10/15 | €842,919 | €1,020,882 | +€177,963 | +21.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €830,519 | €1,008,482 | +€177,963 | +21.4% |
| Non-distributable reserves | 130/1 | €11,760 | €11,760 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,760 | €11,760 | = | 0.0% |
| Distributable reserves | 133 | €818,759 | €996,722 | +€177,963 | +21.7% |
| Amounts payable | 17/49 | €274,791 | €170,464 | -€104,327 | -38.0% |
| Amounts payable after more than one year | 17 | €89,574 | €34,810 | -€54,764 | -61.1% |
| Financial debts | 170/4 | €89,574 | €34,810 | -€54,764 | -61.1% |
| Amounts payable within one year | 42/48 | €179,126 | €129,563 | -€49,563 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €115,701 | €59,366 | -€56,336 | -48.7% |
| Trade debts | 44 | €19,777 | €31,951 | +€12,174 | +61.6% |
| Suppliers | 440/4 | €19,777 | €31,951 | +€12,174 | +61.6% |
| Taxes, remuneration and social security | 45 | €43,648 | €38,247 | -€5,401 | -12.4% |
| Taxes | 450/3 | €35,623 | €26,659 | -€8,964 | -25.2% |
| Remuneration and social security | 454/9 | €8,025 | €11,587 | +€3,563 | +44.4% |
| Accrued charges and deferred income | 492/3 | €6,091 | €6,091 | = | 0.0% |
| Non-recurring operating income | 76A | €96,728 | €117,504 | +€20,777 | +21.5% |
| Remuneration, social security and pensions | 62 | €99,130 | €65,546 | -€33,583 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,315 | €42,810 | +€2,495 | +6.2% |
| Other operating charges | 640/8 | €15,769 | €11,383 | -€4,386 | -27.8% |
| Gross operating margin | 9900 | €427,343 | €380,794 | -€46,550 | -10.9% |
| Operating profit (loss) | 9901 | €272,130 | €261,054 | -€11,076 | -4.1% |
| Financial income | 75/76B | €2,084 | €2,379 | +€295 | +14.1% |
| Recurring financial income | 75 | €2,084 | €2,379 | +€295 | +14.1% |
| Financial charges | 65/66B | €9,224 | €6,787 | -€2,437 | -26.4% |
| Recurring financial charges | 65 | €9,224 | €6,787 | -€2,437 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €264,990 | €256,646 | -€8,345 | -3.1% |
| Income taxes | 67/77 | €80,888 | €78,683 | -€2,205 | -2.7% |
| Profit (loss) for the period | 9904 | €184,102 | €177,963 | -€6,139 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €184,102 | €177,963 | -€6,139 | -3.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.