HAMLET: 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.
What changed
HAMLET
NACE 46.360, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8.9m
2024 · €7.5m+€1.4m
Equity
€34.1m
2024 · €34.1m-€2,883
Cash
€3.1m
2024 · €3.6m-€439,237
Balance sheet total
€51.8m
2024 · €49.2m+€2.7m
Largest movements
Assets
- Stocks and contracts +€2.0m
up €2.0m (+14.6%), from €13.7m to €15.7m
- Receivables within one year +€1.1m
up €1.1m (+12.4%), from €9.2m to €10.4m
of which Trade receivables: +€1.3m
Equity and liabilities
- Other debts +€1.4m
up €1.4m (+18.3%), from €7.5m to €8.9m
- Trade debts +€1.1m
up €1.1m (+16.3%), from €6.8m to €8.0m
Income statement
- Turnover +€13.3m
up €13.3m (+10.8%), from €123.4m to €136.7m
- Goods and materials +€10.3m
up €10.3m (+10.4%), from €99.6m to €109.9m
of which Purchases: +€9.9m
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.
Result 2024
€7.5m
Turnover
+€13.3m
Other operating income
+€194,353
Goods and materials
-€10.3m
Services and other goods
-€975,098
Staff costs
-€119,973
Depreciation
-€25,918
Write-downs
-€160,221
Provisions
+€814
Other operating charges
-€57,329
Other operating items
-€231,023
Financial income
+€391,817
Financial charges
-€341,178
Taxes
-€290,933
Deferred taxes and other
+€5,118
Result 2025
€8.9m
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.
From operations
+€8.8m
Investment
-€349,141
Financing
-€8.9m
Cash 2024
€3.6m
From operations (derived)
+€8.8m
Net result for the year
+€8.9m
Depreciation
+€522,736
Stocks and contracts
-€2.0m
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€136,384
Smaller working-capital items
+€9,533
Trade debts
+€1.1m
Other debts
+€1.4m
Accrued charges and deferred income
+€168,367
Investment (derived)
-€349,141
Investment in fixed assets (net)
-€637,982
Current investments
+€288,842
Financing
-€8.9m
Contributions, distributions and other
-€8.9m
Cash 2025
€3.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,168,532 | €51,830,872 | +€2.7m | +5.4% |
| Fixed assets | 21/28 | €1,556,696 | €1,671,942 | +€115,246 | +7.4% |
| Intangible fixed assets | 21 | €165,902 | €181,582 | +€15,680 | +9.5% |
| Tangible fixed assets | 22/27 | €1,376,176 | €1,475,743 | +€99,566 | +7.2% |
| Land and buildings | 22 | €452,636 | €589,766 | +€137,129 | +30.3% |
| Plant, machinery and equipment | 23 | €420,290 | €355,185 | -€65,106 | -15.5% |
| Furniture and vehicles | 24 | €503,250 | €530,792 | +€27,543 | +5.5% |
| Financial fixed assets | 28 | €14,617 | €14,617 | = | 0.0% |
| Affiliated companies | 280/1 | €10,000 | €10,000 | = | 0.0% |
| Participating interests | 280 | €10,000 | €10,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,617 | €4,617 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,617 | €4,617 | = | 0.0% |
| Current assets | 29/58 | €47,611,837 | €50,158,930 | +€2.5m | +5.3% |
| Stocks and contracts in progress | 3 | €13,684,131 | €15,675,809 | +€2.0m | +14.6% |
| Stocks | 30/36 | €13,684,131 | €15,675,809 | +€2.0m | +14.6% |
| Raw materials and consumables | 30/31 | €528,715 | €511,727 | -€16,988 | -3.2% |
| Goods purchased for resale | 34 | €13,155,416 | €15,164,082 | +€2.0m | +15.3% |
| Amounts receivable within one year | 40/41 | €9,222,295 | €10,369,405 | +€1.1m | +12.4% |
| Trade receivables | 40 | €7,927,771 | €9,210,394 | +€1.3m | +16.2% |
| Other amounts receivable | 41 | €1,294,524 | €1,159,011 | -€135,513 | -10.5% |
| Current investments | 50/53 | €20,820,092 | €20,531,251 | -€288,842 | -1.4% |
| Other investments | 51/53 | €20,820,092 | €20,531,251 | -€288,842 | -1.4% |
| Cash at bank and in hand | 54/58 | €3,578,127 | €3,138,890 | -€439,237 | -12.3% |
| Deferred charges and accrued income | 490/1 | €307,191 | €443,575 | +€136,384 | +44.4% |
| Total equity and liabilities | 10/49 | €49,168,532 | €51,830,872 | +€2.7m | +5.4% |
| Equity | 10/15 | €34,145,237 | €34,142,354 | -€2,883 | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €34,082,083 | €34,077,870 | -€4,213 | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,933 | €71,720 | -€4,213 | -5.5% |
| Distributable reserves | 133 | €34,000,000 | €34,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,654 | €2,984 | +€1,330 | +80.5% |
| Provisions and deferred taxes | 16 | €13,847 | €10,954 | -€2,893 | -20.9% |
| Provisions for liabilities and charges | 160/5 | €8,778 | €7,826 | -€951 | -10.8% |
| Pensions and similar obligations | 160 | €8,778 | €7,826 | -€951 | -10.8% |
| Deferred taxes | 168 | €5,069 | €3,127 | -€1,941 | -38.3% |
| Amounts payable | 17/49 | €15,009,449 | €17,677,564 | +€2.7m | +17.8% |
| Amounts payable within one year | 42/48 | €14,886,132 | €17,385,880 | +€2.5m | +16.8% |
| Trade debts | 44 | €6,838,107 | €7,950,672 | +€1.1m | +16.3% |
| Suppliers | 440/4 | €6,838,107 | €7,950,672 | +€1.1m | +16.3% |
| Taxes, remuneration and social security | 45 | €544,256 | €556,681 | +€12,426 | +2.3% |
| Taxes | 450/3 | €48,193 | €31,054 | -€17,139 | -35.6% |
| Remuneration and social security | 454/9 | €496,062 | €525,627 | +€29,565 | +6.0% |
| Other amounts payable | 47/48 | €7,503,769 | €8,878,526 | +€1.4m | +18.3% |
| Accrued charges and deferred income | 492/3 | €123,317 | €291,684 | +€168,367 | +136.5% |
| Operating income | 70/76A | €124,675,124 | €137,868,495 | +€13.2m | +10.6% |
| Turnover | 70 | €123,378,176 | €136,669,698 | +€13.3m | +10.8% |
| Other operating income | 74 | €1,004,196 | €1,198,549 | +€194,353 | +19.4% |
| Non-recurring operating income | 76A | €292,753 | €248 | -€292,505 | -99.9% |
| Operating charges | 60/66A | €117,253,378 | €128,847,999 | +€11.6m | +9.9% |
| Goods for resale, raw materials and consumables | 60 | €99,607,381 | €109,925,757 | +€10.3m | +10.4% |
| Purchases | 600/8 | €102,199,968 | €112,103,101 | +€9.9m | +9.7% |
| Change in stocks: decrease (increase) | 609 | -€2,592,588 | -€2,177,344 | +€415,244 | +16.0% |
| Services and other goods | 61 | €14,531,475 | €15,506,572 | +€975,098 | +6.7% |
| Remuneration, social security and pensions | 62 | €2,286,939 | €2,406,912 | +€119,973 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496,818 | €522,736 | +€25,918 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,941 | €187,162 | +€160,221 | +594.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€138 | -€951 | -€814 | -591.5% |
| Other operating charges | 640/8 | €230,666 | €287,995 | +€57,329 | +24.9% |
| Non-recurring operating charges | 66A | €73,298 | €11,816 | -€61,482 | -83.9% |
| Operating profit (loss) | 9901 | €7,421,746 | €9,020,497 | +€1.6m | +21.5% |
| Financial income | 75/76B | €2,049,923 | €2,441,740 | +€391,817 | +19.1% |
| Recurring financial income | 75 | €2,049,923 | €2,441,740 | +€391,817 | +19.1% |
| Income from current assets | 751 | €454,629 | €497,676 | +€43,046 | +9.5% |
| Other financial income | 752/9 | €1,595,294 | €1,944,064 | +€348,771 | +21.9% |
| Financial charges | 65/66B | €368,590 | €709,768 | +€341,178 | +92.6% |
| Recurring financial charges | 65 | €368,590 | €709,768 | +€341,178 | +92.6% |
| Debt charges | 650 | €137 | €0 | -€137 | -100.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€91,837 | €65,166 | +€157,003 | |
| Other financial charges | 652/9 | €460,289 | €644,602 | +€184,313 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €9,103,080 | €10,752,468 | +€1.6m | +18.1% |
| Transfer from deferred taxes | 780 | €1,704 | €1,539 | -€166 | -9.7% |
| Transfer to deferred taxes | 680 | €5,284 | €0 | -€5,284 | -100.0% |
| Income taxes | 67/77 | €1,587,833 | €1,878,767 | +€290,933 | +18.3% |
| Taxes | 670/3 | €1,600,737 | €1,883,151 | +€282,414 | +17.6% |
| Tax adjustments and reversals of tax provisions | 77 | €12,904 | €4,384 | -€8,520 | -66.0% |
| Profit (loss) for the period | 9904 | €7,511,667 | €8,875,241 | +€1.4m | +18.2% |
| Transfer from tax-exempt reserves | 789 | €4,904 | €4,616 | -€288 | -5.9% |
| Transfer to tax-exempt reserves | 689 | €14,030 | €0 | -€14,030 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,502,541 | €8,879,857 | +€1.4m | +18.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.