HAMODE: 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.
HAMODE
Largest movements
- Cash +€39,885
up €39,885 (+538.6%), from €7,406 to €47,290
mainly Net result for the year (+€59,283) and Depreciation (+€24,305)
- Tangible fixed assets -€24,305
down €24,305 (-1.3%), from €1.9m to €1.9m
- Profit (loss) carried forward +€59,283
up €59,283 (+4.7%), from -€1.3m to -€1.2m
- Debts after one year -€55,143
down €55,143 (-33.4%), from €165,068 to €109,925
- Taxes -€192,049
down €192,049, from €180,405 to -€11,644
- Other operating charges -€84,194
down €84,194 (-82.0%), from €102,705 to €18,511
- Financial charges -€33,224
down €33,224 (-64.2%), from €51,711 to €18,487
- Gross operating margin +€23,911
up €23,911 (+28.7%), from €83,455 to €107,366
- Financial income +€1,266
up €1,266 (+409.7%), from €309 to €1,575
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 | €2,338,939 | €2,356,326 | +€17,387 | +0.7% |
| Fixed assets | 21/28 | €1,876,070 | €1,851,765 | -€24,305 | -1.3% |
| Tangible fixed assets | 22/27 | €1,875,827 | €1,851,522 | -€24,305 | -1.3% |
| Land and buildings | 22 | €1,875,827 | €1,851,522 | -€24,305 | -1.3% |
| Financial fixed assets | 28 | €243 | €243 | = | 0.0% |
| Current assets | 29/58 | €462,869 | €504,561 | +€41,692 | +9.0% |
| Amounts receivable within one year | 40/41 | €455,155 | €456,913 | +€1,759 | +0.4% |
| Trade receivables | 40 | €144 | €144 | = | 0.0% |
| Other amounts receivable | 41 | €455,011 | €456,769 | +€1,759 | +0.4% |
| Cash at bank and in hand | 54/58 | €7,406 | €47,290 | +€39,885 | +538.6% |
| Deferred charges and accrued income | 490/1 | €309 | €358 | +€49 | +15.8% |
| Total equity and liabilities | 10/49 | €2,338,939 | €2,356,326 | +€17,387 | +0.7% |
| Equity | 10/15 | €1,319,002 | €1,378,284 | +€59,283 | +4.5% |
| Contributions | 10/11 | €322,262 | €322,262 | = | 0.0% |
| Capital | 10 | €322,262 | €322,262 | = | 0.0% |
| Issued capital | 100 | €322,262 | €322,262 | = | 0.0% |
| Revaluation surpluses | 12 | €1,502,008 | €1,502,008 | = | 0.0% |
| Reserves | 13 | €753,358 | €753,358 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,984 | €12,984 | = | 0.0% |
| Legal reserve | 130 | €12,984 | €12,984 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,297 | €22,297 | = | 0.0% |
| Distributable reserves | 133 | €718,077 | €718,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,258,626 | -€1,199,343 | +€59,283 | +4.7% |
| Amounts payable | 17/49 | €1,019,938 | €978,042 | -€41,896 | -4.1% |
| Amounts payable after more than one year | 17 | €165,068 | €109,925 | -€55,143 | -33.4% |
| Financial debts | 170/4 | €165,068 | €109,925 | -€55,143 | -33.4% |
| Amounts payable within one year | 42/48 | €845,061 | €852,270 | +€7,209 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €54,436 | €55,143 | +€707 | +1.3% |
| Trade debts | 44 | €2,450 | - | -€2,450 | |
| Suppliers | 440/4 | €2,450 | - | -€2,450 | |
| Other amounts payable | 47/48 | €788,175 | €797,127 | +€8,952 | +1.1% |
| Accrued charges and deferred income | 492/3 | €9,808 | €15,847 | +€6,039 | +61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,305 | €24,305 | = | 0.0% |
| Other operating charges | 640/8 | €102,705 | €18,511 | -€84,194 | -82.0% |
| Gross operating margin | 9900 | €83,455 | €107,366 | +€23,911 | +28.7% |
| Operating profit (loss) | 9901 | -€43,555 | €64,551 | +€108,105 | |
| Financial income | 75/76B | €309 | €1,575 | +€1,266 | +409.7% |
| Recurring financial income | 75 | €309 | €1,575 | +€1,266 | +409.7% |
| Financial charges | 65/66B | €51,711 | €18,487 | -€33,224 | -64.2% |
| Recurring financial charges | 65 | €51,711 | €18,487 | -€33,224 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | -€94,957 | €47,639 | +€142,595 | |
| Income taxes | 67/77 | €180,405 | -€11,644 | -€192,049 | |
| Profit (loss) for the period | 9904 | -€275,362 | €59,283 | +€334,644 | |
| Profit (loss) for the period to be appropriated | 9905 | -€275,362 | €59,283 | +€334,644 |
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 7 October 2026 via checked.be.