HAMMES: 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.
HAMMES
Largest movements
- Tangible fixed assets -€72,661
down €72,661 (-12.5%), from €583,209 to €510,548
- Receivables within one year -€34,209
down €34,209 (-44.0%), from €77,744 to €43,535
of which Trade receivables: -€35,835
- Cash +€16,174
up €16,174 (+31242.2%), from €52 to €16,226
mainly Depreciation (+€110,044) and Short-term financial debts (+€44,127)
- Stocks and contracts +€14,377
up €14,377 (+12.7%), from €113,011 to €127,388
- Debts after one year -€81,259
down €81,259 (-42.8%), from €190,040 to €108,780
- Short-term financial debts +€44,127
up €44,127 (+751.3%), from €5,873 to €50,000
- Trade debts -€24,930
down €24,930 (-47.2%), from €52,762 to €27,833
- Reserves -€8,966
down €8,966 (-2.3%), from €392,602 to €383,636
of which Tax-exempt reserves: -€8,966
- Gross operating margin +€36,829
up €36,829 (+14.4%), from €255,696 to €292,525
- Staff costs +€21,971
up €21,971 (+17.7%), from €124,372 to €146,343
- Financial charges +€16,955
up €16,955 (+79.2%), from €21,403 to €38,358
of which Non-recurring financial charges: +€17,105
- Depreciation +€12,042
up €12,042 (+12.3%), from €98,002 to €110,044
- Financial income -€3,015
down €3,015 (-98.4%), from €3,065 to €50
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 | €781,569 | €704,987 | -€76,582 | -9.8% |
| Fixed assets | 21/28 | €583,479 | €510,953 | -€72,526 | -12.4% |
| Tangible fixed assets | 22/27 | €583,209 | €510,548 | -€72,661 | -12.5% |
| Land and buildings | 22 | €171,871 | €147,342 | -€24,528 | -14.3% |
| Plant, machinery and equipment | 23 | €157,602 | €137,058 | -€20,544 | -13.0% |
| Furniture and vehicles | 24 | €92,293 | €94,951 | +€2,658 | +2.9% |
| Leasing and similar rights | 25 | €161,443 | €131,197 | -€30,246 | -18.7% |
| Financial fixed assets | 28 | €270 | €405 | +€135 | +50.0% |
| Current assets | 29/58 | €198,090 | €194,034 | -€4,056 | -2.0% |
| Stocks and contracts in progress | 3 | €113,011 | €127,388 | +€14,377 | +12.7% |
| Stocks | 30/36 | €113,011 | €127,388 | +€14,377 | +12.7% |
| Amounts receivable within one year | 40/41 | €77,744 | €43,535 | -€34,209 | -44.0% |
| Trade receivables | 40 | €65,589 | €29,754 | -€35,835 | -54.6% |
| Other amounts receivable | 41 | €12,154 | €13,781 | +€1,626 | +13.4% |
| Cash at bank and in hand | 54/58 | €52 | €16,226 | +€16,174 | +31242.2% |
| Deferred charges and accrued income | 490/1 | €7,284 | €6,886 | -€397 | -5.5% |
| Total equity and liabilities | 10/49 | €781,569 | €704,987 | -€76,582 | -9.8% |
| Equity | 10/15 | €424,233 | €407,982 | -€16,251 | -3.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €392,602 | €383,636 | -€8,966 | -2.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €326,144 | €317,178 | -€8,966 | -2.7% |
| Distributable reserves | 133 | €64,599 | €64,599 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,434 | €18,149 | -€7,285 | -28.6% |
| Provisions and deferred taxes | 16 | €17,932 | €14,944 | -€2,989 | -16.7% |
| Deferred taxes | 168 | €17,932 | €14,944 | -€2,989 | -16.7% |
| Amounts payable | 17/49 | €339,404 | €282,062 | -€57,342 | -16.9% |
| Amounts payable after more than one year | 17 | €190,040 | €108,780 | -€81,259 | -42.8% |
| Financial debts | 170/4 | €190,040 | €108,780 | -€81,259 | -42.8% |
| Amounts payable within one year | 42/48 | €149,364 | €173,282 | +€23,917 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €79,548 | €81,259 | +€1,711 | +2.2% |
| Financial debts | 43 | €5,873 | €50,000 | +€44,127 | +751.3% |
| Credit institutions | 430/8 | €5,873 | €50,000 | +€44,127 | +751.3% |
| Trade debts | 44 | €52,762 | €27,833 | -€24,930 | -47.2% |
| Suppliers | 440/4 | €52,762 | €27,833 | -€24,930 | -47.2% |
| Taxes, remuneration and social security | 45 | €11,180 | €14,189 | +€3,009 | +26.9% |
| Taxes | 450/3 | €772 | €934 | +€162 | +21.0% |
| Remuneration and social security | 454/9 | €10,409 | €13,256 | +€2,847 | +27.4% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €124,372 | €146,343 | +€21,971 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,002 | €110,044 | +€12,042 | +12.3% |
| Other operating charges | 640/8 | €19,142 | €17,069 | -€2,073 | -10.8% |
| Gross operating margin | 9900 | €255,696 | €292,525 | +€36,829 | +14.4% |
| Operating profit (loss) | 9901 | €14,181 | €19,069 | +€4,888 | +34.5% |
| Financial income | 75/76B | €3,065 | €50 | -€3,015 | -98.4% |
| Recurring financial income | 75 | €3,065 | €50 | -€3,015 | -98.4% |
| Financial charges | 65/66B | €21,403 | €38,358 | +€16,955 | +79.2% |
| Recurring financial charges | 65 | €17,202 | €17,052 | -€150 | -0.9% |
| Non-recurring financial charges | 66B | €4,201 | €21,306 | +€17,105 | +407.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,157 | -€19,240 | -€15,083 | -362.8% |
| Transfer from deferred taxes | 780 | €11,955 | €11,955 | = | 0.0% |
| Income taxes | 67/77 | €709 | - | -€709 | |
| Profit (loss) for the period | 9904 | €7,089 | -€7,285 | -€14,374 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,089 | -€7,285 | -€14,374 |
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 29 September 2026 via checked.be.