Hamofa Performance: 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.
Hamofa Performance
Largest movements
- Receivables within one year +€25,835
up €25,835 (+40.3%), from €64,097 to €89,932
of which Trade receivables: +€24,352
- Cash -€12,446
down €12,446 (-72.8%), from €17,089 to €4,643
mainly Receivables within one year (-€25,835) and Investment in fixed assets (net) (-€7,730)
- Receivables after one year -€7,361
down €7,361 (-11.2%), from €65,834 to €58,473
- Reserves +€6,880
up €6,880 (+8.4%), from €82,223 to €89,103
of which Distributable reserves: +€6,880
- Debts after one year -€4,088
down €4,088 (-15.8%), from €25,809 to €21,721
- Trade debts +€1,876
up €1,876 (+4.2%), from €44,803 to €46,679
- Gross operating margin +€7,676
up €7,676 (+65.0%), from €11,809 to €19,485
- Staff costs +€1,706
up €1,706 (+340.7%), from €501 to €2,206
- Taxes +€1,198
up €1,198 (+91.7%), from €1,307 to €2,504
- Depreciation +€1,142
up €1,142 (+18.4%), from €6,205 to €7,348
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 | €172,742 | €178,608 | +€5,866 | +3.4% |
| Fixed assets | 21/28 | €15,985 | €16,367 | +€383 | +2.4% |
| Tangible fixed assets | 22/27 | €15,980 | €16,362 | +€383 | +2.4% |
| Land and buildings | 22 | €1,768 | €875 | -€893 | -50.5% |
| Plant, machinery and equipment | 23 | €7,638 | €11,454 | +€3,816 | +50.0% |
| Furniture and vehicles | 24 | €5,002 | €2,770 | -€2,233 | -44.6% |
| Other tangible fixed assets | 26 | €1,571 | €1,264 | -€308 | -19.6% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €156,758 | €162,241 | +€5,483 | +3.5% |
| Amounts receivable after more than one year | 29 | €65,834 | €58,473 | -€7,361 | -11.2% |
| Other amounts receivable | 291 | €65,834 | €58,473 | -€7,361 | -11.2% |
| Stocks and contracts in progress | 3 | €8,000 | €7,550 | -€450 | -5.6% |
| Stocks | 30/36 | €8,000 | €7,550 | -€450 | -5.6% |
| Amounts receivable within one year | 40/41 | €64,097 | €89,932 | +€25,835 | +40.3% |
| Trade receivables | 40 | €64,067 | €88,419 | +€24,352 | +38.0% |
| Other amounts receivable | 41 | €30 | €1,513 | +€1,483 | +4933.6% |
| Cash at bank and in hand | 54/58 | €17,089 | €4,643 | -€12,446 | -72.8% |
| Deferred charges and accrued income | 490/1 | €1,738 | €1,642 | -€96 | -5.5% |
| Total equity and liabilities | 10/49 | €172,742 | €178,608 | +€5,866 | +3.4% |
| Equity | 10/15 | €100,823 | €107,703 | +€6,880 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,223 | €89,103 | +€6,880 | +8.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,851 | €20,851 | = | 0.0% |
| Distributable reserves | 133 | €59,512 | €66,392 | +€6,880 | +11.6% |
| Amounts payable | 17/49 | €71,919 | €70,905 | -€1,014 | -1.4% |
| Amounts payable after more than one year | 17 | €25,809 | €21,721 | -€4,088 | -15.8% |
| Other amounts payable | 178/9 | €25,809 | €21,721 | -€4,088 | -15.8% |
| Amounts payable within one year | 42/48 | €46,110 | €49,184 | +€3,074 | +6.7% |
| Trade debts | 44 | €44,803 | €46,679 | +€1,876 | +4.2% |
| Suppliers | 440/4 | €44,803 | €46,679 | +€1,876 | +4.2% |
| Taxes, remuneration and social security | 45 | €1,307 | €2,504 | +€1,198 | +91.7% |
| Taxes | 450/3 | €1,307 | €2,504 | +€1,198 | +91.7% |
| Remuneration, social security and pensions | 62 | €501 | €2,206 | +€1,706 | +340.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,205 | €7,348 | +€1,142 | +18.4% |
| Other operating charges | 640/8 | €704 | €723 | +€18 | +2.6% |
| Gross operating margin | 9900 | €11,809 | €19,485 | +€7,676 | +65.0% |
| Operating profit (loss) | 9901 | €4,399 | €9,209 | +€4,810 | +109.3% |
| Financial income | 75/76B | €2,539 | €2,440 | -€98 | -3.9% |
| Recurring financial income | 75 | €2,539 | €2,440 | -€98 | -3.9% |
| Financial charges | 65/66B | €2,143 | €2,265 | +€122 | +5.7% |
| Recurring financial charges | 65 | €2,143 | €2,265 | +€122 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €4,794 | €9,384 | +€4,590 | +95.7% |
| Income taxes | 67/77 | €1,307 | €2,504 | +€1,198 | +91.7% |
| Profit (loss) for the period | 9904 | €3,488 | €6,880 | +€3,392 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,488 | €6,880 | +€3,392 | +97.2% |
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.