HAMEX: 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.
HAMEX
Largest movements
- Receivables within one year +€32,750
up €32,750 (+4.3%), from €769,611 to €802,361
of which Other amounts receivable: +€45,769
- Tangible fixed assets -€21,532
down €21,532 (-4.4%), from €484,798 to €463,266
of which Land and buildings: -€28,223
- Stocks and contracts -€16,454
down €16,454 (-75.6%), from €21,775 to €5,321
- Reserves -€138,128
down €138,128 (-83.4%), from €165,606 to €27,478
of which Distributable reserves: -€138,128
- Trade debts +€77,610
up €77,610 (+21.2%), from €365,605 to €443,215
- Other debts +€51,670
up €51,670 (+8.2%), from €628,930 to €680,600
- Gross operating margin +€122,373
up €122,373, from -€109,877 to €12,495
- Staff costs -€58,397
down €58,397 (-80.4%), from €72,646 to €14,249
- Other operating charges -€7,601
down €7,601 (-7.4%), from €102,718 to €95,117
- Taxes -€6,325
down €6,325 (-97.7%), from €6,474 to €149
- Financial charges +€2,411
up €2,411 (+55.5%), from €4,341 to €6,752
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,299,170 | €1,285,825 | -€13,345 | -1.0% |
| Fixed assets | 21/28 | €490,922 | €468,380 | -€22,542 | -4.6% |
| Tangible fixed assets | 22/27 | €484,798 | €463,266 | -€21,532 | -4.4% |
| Land and buildings | 22 | €474,564 | €446,341 | -€28,223 | -5.9% |
| Plant, machinery and equipment | 23 | €5,323 | €2,862 | -€2,461 | -46.2% |
| Furniture and vehicles | 24 | €4,912 | €14,064 | +€9,153 | +186% |
| Financial fixed assets | 28 | €6,124 | €5,114 | -€1,010 | -16.5% |
| Current assets | 29/58 | €808,249 | €817,445 | +€9,197 | +1.1% |
| Stocks and contracts in progress | 3 | €21,775 | €5,321 | -€16,454 | -75.6% |
| Stocks | 30/36 | €21,775 | €5,321 | -€16,454 | -75.6% |
| Amounts receivable within one year | 40/41 | €769,611 | €802,361 | +€32,750 | +4.3% |
| Trade receivables | 40 | €17,019 | €4,000 | -€13,019 | -76.5% |
| Other amounts receivable | 41 | €752,592 | €798,361 | +€45,769 | +6.1% |
| Cash at bank and in hand | 54/58 | €14,888 | €8,383 | -€6,505 | -43.7% |
| Deferred charges and accrued income | 490/1 | €1,976 | €1,381 | -€595 | -30.1% |
| Total equity and liabilities | 10/49 | €1,299,170 | €1,285,825 | -€13,345 | -1.0% |
| Equity | 10/15 | €239,974 | €101,846 | -€138,128 | -57.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €165,606 | €27,478 | -€138,128 | -83.4% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €158,169 | €20,041 | -€138,128 | -87.3% |
| Amounts payable | 17/49 | €1,059,197 | €1,183,980 | +€124,783 | +11.8% |
| Amounts payable after more than one year | 17 | €57,512 | €57,512 | = | 0.0% |
| Financial debts | 170/4 | €57,512 | €57,512 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,001,685 | €1,126,468 | +€124,783 | +12.5% |
| Financial debts | 43 | €939 | - | -€939 | |
| Credit institutions | 430/8 | €939 | - | -€939 | |
| Trade debts | 44 | €365,605 | €443,215 | +€77,610 | +21.2% |
| Suppliers | 440/4 | €365,605 | €443,215 | +€77,610 | +21.2% |
| Taxes, remuneration and social security | 45 | €6,211 | €2,652 | -€3,558 | -57.3% |
| Taxes | 450/3 | €5,809 | €2,652 | -€3,156 | -54.3% |
| Remuneration and social security | 454/9 | €402 | - | -€402 | |
| Other amounts payable | 47/48 | €628,930 | €680,600 | +€51,670 | +8.2% |
| Non-recurring operating income | 76A | - | €2,786 | +€2,786 | |
| Remuneration, social security and pensions | 62 | €72,646 | €14,249 | -€58,397 | -80.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,593 | €34,257 | +€664 | +2.0% |
| Other operating charges | 640/8 | €102,718 | €95,117 | -€7,601 | -7.4% |
| Non-recurring operating charges | 66A | €300 | €100 | -€200 | -66.7% |
| Gross operating margin | 9900 | -€109,877 | €12,495 | +€122,373 | |
| Operating profit (loss) | 9901 | -€319,134 | -€131,227 | +€187,907 | +58.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +9,700% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +9,700% |
| Financial charges | 65/66B | €4,341 | €6,752 | +€2,411 | +55.5% |
| Recurring financial charges | 65 | €4,341 | €6,752 | +€2,411 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | -€323,475 | -€137,979 | +€185,497 | +57.3% |
| Income taxes | 67/77 | €6,474 | €149 | -€6,325 | -97.7% |
| Profit (loss) for the period | 9904 | -€329,950 | -€138,128 | +€191,822 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€329,950 | -€138,128 | +€191,822 | +58.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.