HAMOCO: 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.
HAMOCO
Largest movements
- Cash +€441,322
up €441,322 (+133.2%), from €331,366 to €772,687
mainly Current investments (+€350,000) and Net result for the year (+€317,409)
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Receivables within one year +€94,043
up €94,043 (+359.4%), from €26,168 to €120,211
of which Trade receivables: +€80,771
- Other debts +€278,192
up €278,192 (+107.0%), from €260,000 to €538,192
- Tax, wage and social debts -€98,663
down €98,663 (-69.5%), from €142,047 to €43,384
- Gross operating margin +€55,595
up €55,595 (+16.0%), from €346,849 to €402,445
- Financial income +€11,506
up €11,506 (+115058300.0%), from €0 to €11,506
of which Financial income: +€11,501
- Taxes +€8,891
up €8,891 (+10.4%), from €85,700 to €94,591
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 | €717,423 | €901,260 | +€183,837 | +25.6% |
| Fixed assets | 21/28 | €9,555 | €7,757 | -€1,798 | -18.8% |
| Tangible fixed assets | 22/27 | €9,555 | €7,757 | -€1,798 | -18.8% |
| Plant, machinery and equipment | 23 | €2,708 | €2,383 | -€326 | -12.0% |
| Furniture and vehicles | 24 | €6,846 | €5,374 | -€1,472 | -21.5% |
| Current assets | 29/58 | €707,868 | €893,503 | +€185,635 | +26.2% |
| Amounts receivable within one year | 40/41 | €26,168 | €120,211 | +€94,043 | +359.4% |
| Trade receivables | 40 | €26,086 | €106,857 | +€80,771 | +309.6% |
| Other amounts receivable | 41 | €82 | €13,355 | +€13,272 | +16097.5% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €331,366 | €772,687 | +€441,322 | +133.2% |
| Deferred charges and accrued income | 490/1 | €334 | €605 | +€270 | +80.8% |
| Total equity and liabilities | 10/49 | €717,423 | €901,260 | +€183,837 | +25.6% |
| Equity | 10/15 | €315,139 | €317,548 | +€2,409 | +0.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €313,139 | €315,548 | +€2,409 | +0.8% |
| Distributable reserves | 133 | €313,139 | €315,548 | +€2,409 | +0.8% |
| Amounts payable | 17/49 | €402,285 | €583,712 | +€181,428 | +45.1% |
| Amounts payable within one year | 42/48 | €402,285 | €583,712 | +€181,428 | +45.1% |
| Trade debts | 44 | €237 | €2,136 | +€1,899 | +800.1% |
| Suppliers | 440/4 | €237 | €2,136 | +€1,899 | +800.1% |
| Taxes, remuneration and social security | 45 | €142,047 | €43,384 | -€98,663 | -69.5% |
| Taxes | 450/3 | €142,047 | €43,384 | -€98,663 | -69.5% |
| Other amounts payable | 47/48 | €260,000 | €538,192 | +€278,192 | +107.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,634 | €1,798 | +€163 | +10.0% |
| Other operating charges | 640/8 | €57 | €67 | +€10 | +18.2% |
| Gross operating margin | 9900 | €346,849 | €402,445 | +€55,595 | +16.0% |
| Operating profit (loss) | 9901 | €345,158 | €400,580 | +€55,422 | +16.1% |
| Financial income | 75/76B | €0 | €11,506 | +€11,506 | +115058300.0% |
| Recurring financial income | 75 | €0 | €11,501 | +€11,501 | +115013800.0% |
| Non-recurring financial income | 76B | - | €4 | +€4 | |
| Financial charges | 65/66B | €260 | €85 | -€175 | -67.2% |
| Recurring financial charges | 65 | €260 | €85 | -€175 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | €344,898 | €412,000 | +€67,102 | +19.5% |
| Income taxes | 67/77 | €85,700 | €94,591 | +€8,891 | +10.4% |
| Profit (loss) for the period | 9904 | €259,198 | €317,409 | +€58,211 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €259,198 | €317,409 | +€58,211 | +22.5% |
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 9 October 2026 via checked.be.