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.
HAMLET
Largest movements
- Cash -€391,758
down €391,758 (-75.3%), from €520,256 to €128,499
mainly Trade debts (-€838,048) and Contributions, distributions and other (-€251,417)
- Receivables within one year -€221,809
down €221,809 (-10.7%), from €2.1m to €1.8m
of which Trade receivables: -€193,932
- Deferred charges and accrued income -€64,225
down €64,225 (-67.1%), from €95,761 to €31,536
- Trade debts -€838,048
down €838,048 (-57.2%), from €1.5m to €626,359
- Short-term financial debts +€552,364
new in 2025: €552,364
- Profit (loss) carried forward -€173,497
down €173,497 (-32.3%), from €536,341 to €362,844
- Debts after one year -€125,055
down €125,055 (-19.6%), from €638,702 to €513,647
- Other debts -€115,500
down €115,500 (-17.4%), from €665,500 to €550,000
- Gross operating margin -€698,216
down €698,216 (-73.4%), from €951,453 to €253,237
- Taxes -€124,211
down €124,211 (-92.9%), from €133,767 to €9,556
- Financial income +€119,878
up €119,878 (+135.9%), from €88,185 to €208,062
- Financial charges +€61,707
up €61,707 (+108.3%), from €57,003 to €118,710
of which Financial charges: +€62,444
- Other operating charges -€52,461
down €52,461 (-84.9%), from €61,811 to €9,350
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 | €3,594,739 | €2,890,582 | -€704,157 | -19.6% |
| Fixed assets | 21/28 | €320,276 | €301,202 | -€19,074 | -6.0% |
| Intangible fixed assets | 21 | €34 | €0 | -€34 | -100.0% |
| Tangible fixed assets | 22/27 | €60,942 | €41,902 | -€19,040 | -31.2% |
| Furniture and vehicles | 24 | €11,719 | €9,531 | -€2,187 | -18.7% |
| Other tangible fixed assets | 26 | €49,223 | €32,370 | -€16,853 | -34.2% |
| Financial fixed assets | 28 | €259,300 | €259,300 | = | 0.0% |
| Current assets | 29/58 | €3,274,463 | €2,589,380 | -€685,083 | -20.9% |
| Amounts receivable after more than one year | 29 | €589,127 | €581,835 | -€7,292 | -1.2% |
| Other amounts receivable | 291 | €589,127 | €581,835 | -€7,292 | -1.2% |
| Amounts receivable within one year | 40/41 | €2,069,319 | €1,847,510 | -€221,809 | -10.7% |
| Trade receivables | 40 | €1,940,944 | €1,747,012 | -€193,932 | -10.0% |
| Other amounts receivable | 41 | €128,375 | €100,498 | -€27,877 | -21.7% |
| Cash at bank and in hand | 54/58 | €520,256 | €128,499 | -€391,758 | -75.3% |
| Deferred charges and accrued income | 490/1 | €95,761 | €31,536 | -€64,225 | -67.1% |
| Total equity and liabilities | 10/49 | €3,594,739 | €2,890,582 | -€704,157 | -19.6% |
| Equity | 10/15 | €647,052 | €472,138 | -€174,914 | -27.0% |
| Contributions | 10/11 | €96,000 | €96,000 | = | 0.0% |
| Capital | 10 | €96,000 | €96,000 | = | 0.0% |
| Issued capital | 100 | €96,000 | €96,000 | = | 0.0% |
| Reserves | 13 | €9,600 | €9,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,600 | €9,600 | = | 0.0% |
| Legal reserve | 130 | €9,600 | €9,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €536,341 | €362,844 | -€173,497 | -32.3% |
| Investment grants | 15 | €5,111 | €3,694 | -€1,417 | -27.7% |
| Amounts payable | 17/49 | €2,947,687 | €2,418,444 | -€529,243 | -18.0% |
| Amounts payable after more than one year | 17 | €638,702 | €513,647 | -€125,055 | -19.6% |
| Financial debts | 170/4 | €638,702 | €513,647 | -€125,055 | -19.6% |
| Amounts payable within one year | 42/48 | €2,305,355 | €1,903,690 | -€401,665 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €120,839 | €124,345 | +€3,506 | +2.9% |
| Financial debts | 43 | - | €552,364 | +€552,364 | |
| Credit institutions | 430/8 | - | €552,364 | +€552,364 | |
| Trade debts | 44 | €1,464,407 | €626,359 | -€838,048 | -57.2% |
| Suppliers | 440/4 | €1,464,407 | €626,359 | -€838,048 | -57.2% |
| Taxes, remuneration and social security | 45 | €54,610 | €50,623 | -€3,987 | -7.3% |
| Taxes | 450/3 | €34,082 | €25,804 | -€8,279 | -24.3% |
| Remuneration and social security | 454/9 | €20,528 | €24,819 | +€4,291 | +20.9% |
| Other amounts payable | 47/48 | €665,500 | €550,000 | -€115,500 | -17.4% |
| Accrued charges and deferred income | 492/3 | €3,630 | €1,106 | -€2,523 | -69.5% |
| Non-recurring operating income | 76A | €502 | €172 | -€329 | -65.6% |
| Remuneration, social security and pensions | 62 | €250,535 | €224,060 | -€26,475 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,008 | €21,402 | -€605 | -2.8% |
| Other operating charges | 640/8 | €61,811 | €9,350 | -€52,461 | -84.9% |
| Non-recurring operating charges | 66A | - | €1,718 | +€1,718 | |
| Gross operating margin | 9900 | €951,453 | €253,237 | -€698,216 | -73.4% |
| Operating profit (loss) | 9901 | €617,100 | -€3,293 | -€620,393 | |
| Financial income | 75/76B | €88,185 | €208,062 | +€119,878 | +135.9% |
| Recurring financial income | 75 | €88,185 | €208,062 | +€119,878 | +135.9% |
| Financial charges | 65/66B | €57,003 | €118,710 | +€61,707 | +108.3% |
| Recurring financial charges | 65 | €56,266 | €118,710 | +€62,444 | +111.0% |
| Non-recurring financial charges | 66B | €737 | - | -€737 | |
| Profit (loss) for the period before taxes | 9903 | €648,282 | €86,059 | -€562,222 | -86.7% |
| Income taxes | 67/77 | €133,767 | €9,556 | -€124,211 | -92.9% |
| Profit (loss) for the period | 9904 | €514,514 | €76,503 | -€438,012 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €514,514 | €76,503 | -€438,012 | -85.1% |
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 2 October 2026 via checked.be.