HAMMER-TIME: 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.
HAMMER-TIME
Largest movements
- Receivables within one year -€13,530
no longer reported in 2025 (was €13,530)
of which Trade receivables: -€10,793
- Tangible fixed assets -€8,680
down €8,680 (-35.0%), from €24,786 to €16,106
of which Furniture and vehicles: -€7,564
- Cash -€611
down €611 (-5.8%), from €10,547 to €9,936
mainly Contributions, distributions and other (-€15,000) and Debts after one year (-€7,171)
- Reserves -€21,149
down €21,149 (-96.3%), from €21,951 to €803
- Debts after one year -€7,171
down €7,171 (-54.0%), from €13,278 to €6,107
- Other debts +€5,513
new in 2025: €5,513
- Tax, wage and social debts -€755
down €755 (-8.9%), from €8,528 to €7,773
of which Taxes: -€773
- Gross operating margin -€12,441
down €12,441 (-65.2%), from €19,084 to €6,643
- Taxes -€1,121
down €1,121 (-78.7%), from €1,423 to €303
- Financial charges -€488
down €488 (-14.7%), from €3,318 to €2,830
- Other operating charges -€401
down €401 (-27.3%), from €1,471 to €1,070
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.
Derived cash bridge
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 | €54,302 | €31,304 | -€22,997 | -42.4% |
| Fixed assets | 21/28 | €28,786 | €20,106 | -€8,680 | -30.2% |
| Tangible fixed assets | 22/27 | €24,786 | €16,106 | -€8,680 | -35.0% |
| Plant, machinery and equipment | 23 | €2,959 | €1,843 | -€1,117 | -37.7% |
| Furniture and vehicles | 24 | €21,827 | €14,263 | -€7,564 | -34.7% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €25,515 | €11,198 | -€14,317 | -56.1% |
| Amounts receivable within one year | 40/41 | €13,530 | - | -€13,530 | |
| Trade receivables | 40 | €10,793 | - | -€10,793 | |
| Other amounts receivable | 41 | €2,736 | - | -€2,736 | |
| Cash at bank and in hand | 54/58 | €10,547 | €9,936 | -€611 | -5.8% |
| Deferred charges and accrued income | 490/1 | €1,438 | €1,262 | -€176 | -12.2% |
| Total equity and liabilities | 10/49 | €54,302 | €31,304 | -€22,997 | -42.4% |
| Equity | 10/15 | €24,951 | €3,803 | -€21,149 | -84.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,951 | €803 | -€21,149 | -96.3% |
| Distributable reserves | 133 | €21,951 | €803 | -€21,149 | -96.3% |
| Amounts payable | 17/49 | €29,350 | €27,502 | -€1,849 | -6.3% |
| Amounts payable after more than one year | 17 | €13,278 | €6,107 | -€7,171 | -54.0% |
| Financial debts | 170/4 | €13,278 | €6,107 | -€7,171 | -54.0% |
| Amounts payable within one year | 42/48 | €16,072 | €21,394 | +€5,322 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €7,003 | €7,171 | +€168 | +2.4% |
| Trade debts | 44 | €541 | €937 | +€396 | +73.3% |
| Suppliers | 440/4 | €541 | €937 | +€396 | +73.3% |
| Taxes, remuneration and social security | 45 | €8,528 | €7,773 | -€755 | -8.9% |
| Taxes | 450/3 | €5,653 | €4,880 | -€773 | -13.7% |
| Remuneration and social security | 454/9 | €2,875 | €2,893 | +€18 | +0.6% |
| Other amounts payable | 47/48 | - | €5,513 | +€5,513 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,680 | €8,680 | = | 0.0% |
| Other operating charges | 640/8 | €1,471 | €1,070 | -€401 | -27.3% |
| Gross operating margin | 9900 | €19,084 | €6,643 | -€12,441 | -65.2% |
| Operating profit (loss) | 9901 | €8,933 | -€3,107 | -€12,040 | |
| Financial income | 75/76B | €10 | €91 | +€81 | +833% |
| Recurring financial income | 75 | €10 | €91 | +€81 | +833% |
| Financial charges | 65/66B | €3,318 | €2,830 | -€488 | -14.7% |
| Recurring financial charges | 65 | €3,318 | €2,830 | -€488 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €5,625 | -€5,846 | -€11,471 | |
| Income taxes | 67/77 | €1,423 | €303 | -€1,121 | -78.7% |
| Profit (loss) for the period | 9904 | €4,201 | -€6,149 | -€10,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,201 | -€6,149 | -€10,350 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.