HAMIRO: 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.
HAMIRO
Largest movements
- Cash +€243,708
up €243,708 (+76.5%), from €318,413 to €562,121
mainly Receivables after one year (+€175,000) and Depreciation (+€49,900)
- Receivables after one year -€175,000
no longer reported in 2025 (was €175,000)
- Tangible fixed assets -€49,900
down €49,900 (-4.3%), from €1.2m to €1.1m
- Profit (loss) carried forward +€24,057
up €24,057 (+135.5%), from €17,748 to €41,806
- Gross operating margin -€14,532
down €14,532 (-13.1%), from €110,565 to €96,034
- Financial charges +€8,553
up €8,553 (+37.9%), from €22,581 to €31,134
- Financial income +€1,255
up €1,255 (+52.6%), from €2,387 to €3,642
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 | €1,666,525 | €1,672,198 | +€5,673 | +0.3% |
| Fixed assets | 21/28 | €1,153,181 | €1,103,281 | -€49,900 | -4.3% |
| Tangible fixed assets | 22/27 | €1,153,107 | €1,103,207 | -€49,900 | -4.3% |
| Land and buildings | 22 | €1,153,107 | €1,103,207 | -€49,900 | -4.3% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €513,344 | €568,917 | +€55,573 | +10.8% |
| Amounts receivable after more than one year | 29 | €175,000 | - | -€175,000 | |
| Other amounts receivable | 291 | €175,000 | - | -€175,000 | |
| Amounts receivable within one year | 40/41 | €4,433 | €5,850 | +€1,417 | +32.0% |
| Trade receivables | 40 | €4,433 | €5,850 | +€1,417 | +32.0% |
| Cash at bank and in hand | 54/58 | €318,413 | €562,121 | +€243,708 | +76.5% |
| Deferred charges and accrued income | 490/1 | €15,499 | €946 | -€14,553 | -93.9% |
| Total equity and liabilities | 10/49 | €1,666,525 | €1,672,198 | +€5,673 | +0.3% |
| Equity | 10/15 | €1,142,349 | €1,153,351 | +€11,002 | +1.0% |
| Contributions | 10/11 | €805,654 | €805,654 | = | 0.0% |
| Capital | 10 | €805,654 | €805,654 | = | 0.0% |
| Issued capital | 100 | €805,654 | €805,654 | = | 0.0% |
| Reserves | 13 | €318,947 | €305,891 | -€13,056 | -4.1% |
| Non-distributable reserves | 130/1 | €10,000 | €11,266 | +€1,266 | +12.7% |
| Legal reserve | 130 | €10,000 | €11,266 | +€1,266 | +12.7% |
| Tax-exempt reserves | 132 | €308,947 | €294,625 | -€14,322 | -4.6% |
| Profit (loss) carried forward | 14 | €17,748 | €41,806 | +€24,057 | +135.5% |
| Provisions and deferred taxes | 16 | €102,982 | €98,208 | -€4,774 | -4.6% |
| Deferred taxes | 168 | €102,982 | €98,208 | -€4,774 | -4.6% |
| Amounts payable | 17/49 | €421,193 | €420,638 | -€555 | -0.1% |
| Amounts payable within one year | 42/48 | €392,207 | €386,129 | -€6,078 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €15,289 | - | -€15,289 | |
| Other amounts payable | 47/48 | €376,919 | €386,129 | +€9,210 | +2.4% |
| Accrued charges and deferred income | 492/3 | €28,986 | €34,509 | +€5,523 | +19.1% |
| Non-recurring operating income | 76A | €6,842 | - | -€6,842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,900 | €49,900 | = | 0.0% |
| Other operating charges | 640/8 | €11,382 | €11,476 | +€94 | +0.8% |
| Gross operating margin | 9900 | €110,565 | €96,034 | -€14,532 | -13.1% |
| Operating profit (loss) | 9901 | €49,284 | €34,658 | -€14,626 | -29.7% |
| Financial income | 75/76B | €2,387 | €3,642 | +€1,255 | +52.6% |
| Recurring financial income | 75 | €2,387 | €3,642 | +€1,255 | +52.6% |
| Financial charges | 65/66B | €22,581 | €31,134 | +€8,553 | +37.9% |
| Recurring financial charges | 65 | €22,581 | €31,134 | +€8,553 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €29,090 | €7,165 | -€21,924 | -75.4% |
| Transfer from deferred taxes | 780 | €4,774 | €4,774 | = | 0.0% |
| Income taxes | 67/77 | - | €938 | +€938 | |
| Profit (loss) for the period | 9904 | €33,864 | €11,002 | -€22,862 | -67.5% |
| Transfer from tax-exempt reserves | 789 | €14,322 | €14,322 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,186 | €25,324 | -€22,862 | -47.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.