Hamilton: what changed
Two fiscal 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.
Hamilton
Largest movements
- Cash +€41,287
up €41,287 (+42.9%), from €96,249 to €137,536
mainly Net result for the year (+€130,146) and Tax, wage and social debts (+€39,662)
- Receivables within one year +€15,565
up €15,565 (+78.4%), from €19,845 to €35,410
of which Trade receivables: +€10,306
- Deferred charges and accrued income +€3,849
up €3,849 (+559.3%), from €688 to €4,537
- Reserves +€73,000
up €73,000 (+3650.0%), from €2,000 to €75,000
- Other debts -€56,245
down €56,245 (-64.2%), from €87,645 to €31,400
- Tax, wage and social debts +€39,662
up €39,662 (+364.3%), from €10,886 to €50,548
- Trade debts +€3,530
up €3,530 (+289.5%), from €1,219 to €4,749
- Gross operating margin +€41,195
up €41,195 (+31.4%), from €131,004 to €172,199
- Taxes +€35,131
up €35,131 (+769.9%), from €4,563 to €39,694
- Financial income -€24,016
down €24,016 (-99.7%), from €24,076 to €61
of which Non-recurring financial income: -€23,767
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.
Cash bridge derived
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 | €120,953 | €182,013 | +€61,060 | +50.5% |
| Fixed assets | 21/28 | €4,171 | €4,530 | +€359 | +8.6% |
| Tangible fixed assets | 22/27 | €4,171 | €4,530 | +€359 | +8.6% |
| Plant, machinery and equipment | 23 | €1,961 | €996 | -€965 | -49.2% |
| Furniture and vehicles | 24 | €2,210 | €3,534 | +€1,324 | +59.9% |
| Current assets | 29/58 | €116,782 | €177,483 | +€60,701 | +52.0% |
| Amounts receivable within one year | 40/41 | €19,845 | €35,410 | +€15,565 | +78.4% |
| Trade receivables | 40 | €19,663 | €29,968 | +€10,306 | +52.4% |
| Other amounts receivable | 41 | €182 | €5,442 | +€5,260 | +2888.0% |
| Cash at bank and in hand | 54/58 | €96,249 | €137,536 | +€41,287 | +42.9% |
| Deferred charges and accrued income | 490/1 | €688 | €4,537 | +€3,849 | +559.3% |
| Total equity and liabilities | 10/49 | €120,953 | €182,013 | +€61,060 | +50.5% |
| Equity | 10/15 | €21,159 | €95,305 | +€74,146 | +350.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,000 | €75,000 | +€73,000 | +3650.0% |
| Distributable reserves | 133 | €2,000 | €75,000 | +€73,000 | +3650.0% |
| Profit (loss) carried forward | 14 | €559 | €1,705 | +€1,146 | +204.9% |
| Amounts payable | 17/49 | €99,794 | €86,708 | -€13,086 | -13.1% |
| Amounts payable within one year | 42/48 | €99,794 | €86,708 | -€13,086 | -13.1% |
| Financial debts | 43 | €42 | €10 | -€32 | -76.4% |
| Credit institutions | 430/8 | €42 | €10 | -€32 | -76.4% |
| Trade debts | 44 | €1,219 | €4,749 | +€3,530 | +289.5% |
| Suppliers | 440/4 | €1,219 | €4,749 | +€3,530 | +289.5% |
| Taxes, remuneration and social security | 45 | €10,886 | €50,548 | +€39,662 | +364.3% |
| Taxes | 450/3 | €10,886 | €50,548 | +€39,662 | +364.3% |
| Other amounts payable | 47/48 | €87,645 | €31,400 | -€56,245 | -64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,480 | €2,079 | -€1,401 | -40.3% |
| Other operating charges | 640/8 | €127 | - | -€127 | |
| Gross operating margin | 9900 | €131,004 | €172,199 | +€41,195 | +31.4% |
| Operating profit (loss) | 9901 | €127,398 | €170,120 | +€42,722 | +33.5% |
| Financial income | 75/76B | €24,076 | €61 | -€24,016 | -99.7% |
| Recurring financial income | 75 | €309 | €61 | -€249 | -80.4% |
| Non-recurring financial income | 76B | €23,767 | - | -€23,767 | |
| Financial charges | 65/66B | €229 | €341 | +€111 | +48.6% |
| Recurring financial charges | 65 | €229 | €341 | +€111 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €151,245 | €169,840 | +€18,595 | +12.3% |
| Income taxes | 67/77 | €4,563 | €39,694 | +€35,131 | +769.9% |
| Profit (loss) for the period | 9904 | €146,681 | €130,146 | -€16,536 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €146,681 | €130,146 | -€16,536 | -11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.