HAMOKO: 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.
What changed
HAMOKO
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €993,071+€106,471
Equity
€7.5m
2024 · €6.4m+€1.1m
Cash
-
2024 · €0
Balance sheet total
€17.0m
2024 · €13.5m+€3.5m
Largest movements
Assets
- Financial fixed assets +€3.0m
up €3.0m (+42.3%), from €7.2m to €10.2m
- Tangible fixed assets +€324,885
up €324,885 (+6.5%), from €5.0m to €5.3m
of which Land and buildings: +€653,435
- Receivables after one year +€196,868
up €196,868 (+22.7%), from €869,149 to €1.1m
Equity and liabilities
- Debts after one year +€2.4m
up €2.4m (+39.6%), from €5.9m to €8.3m
of which Financial debts: +€2.5m
- Reserves +€1.1m
up €1.1m (+37.9%), from €2.9m to €4.0m
of which Distributable reserves: +€1.1m
- Current portion of long-term debt +€315,559
up €315,559 (+49.9%), from €632,613 to €948,172
- Trade debts -€211,529
down €211,529 (-52.1%), from €405,909 to €194,380
Income statement
- Financial charges -€664,649
down €664,649 (-73.0%), from €910,900 to €246,252
of which Non-recurring financial charges: -€680,000
- Financial income -€569,217
down €569,217 (-39.1%), from €1.5m to €885,372
- Taxes -€75,453
down €75,453 (-92.5%), from €81,555 to €6,101
- Turnover -€72,000
down €72,000 (-31.6%), from €228,000 to €156,000
- Goods and materials -€71,400
down €71,400 (-100.0%), from €71,400 to €0
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.
Result 2024
€993,071
Turnover
-€72,000
Other operating income
+€4,535
Goods and materials
+€71,400
Services and other goods
-€53,436
Depreciation
-€38,392
Other operating charges
-€18,566
Other operating items
+€42,045
Financial income
-€569,217
Financial charges
+€664,649
Taxes
+€75,453
Result 2025
€1.1m
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.
From operations
+€901,461
Investment
-€3.6m
Financing
+€2.7m
Cash 2024
€0
From operations (derived)
+€901,461
Net result for the year
+€1.1m
Depreciation
+€223,271
Receivables after one year
-€196,868
Receivables within one year
+€63,407
Smaller working-capital items
+€3,239
Trade debts
-€211,529
Tax, wage and social debts
-€79,600
Investment (derived)
-€3.6m
Investment in fixed assets (net)
-€3.6m
Financing
+€2.7m
Debts after one year
+€2.4m
Current portion of long-term debt
+€315,559
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,537,538 | €17,025,521 | +€3.5m | +25.8% |
| Fixed assets | 21/28 | €12,123,166 | €15,472,752 | +€3.3m | +27.6% |
| Tangible fixed assets | 22/27 | €4,971,010 | €5,295,895 | +€324,885 | +6.5% |
| Land and buildings | 22 | €4,629,131 | €5,282,566 | +€653,435 | +14.1% |
| Plant, machinery and equipment | 23 | €18,424 | €13,329 | -€5,095 | -27.7% |
| Furniture and vehicles | 24 | €3,455 | €0 | -€3,455 | -100.0% |
| Assets under construction and advance payments | 27 | €320,000 | €0 | -€320,000 | -100.0% |
| Financial fixed assets | 28 | €7,152,156 | €10,176,857 | +€3.0m | +42.3% |
| Affiliated companies | 280/1 | €7,152,156 | €10,176,857 | +€3.0m | +42.3% |
| Participating interests | 280 | €7,152,156 | €10,176,857 | +€3.0m | +42.3% |
| Current assets | 29/58 | €1,414,372 | €1,552,768 | +€138,396 | +9.8% |
| Amounts receivable after more than one year | 29 | €869,149 | €1,066,017 | +€196,868 | +22.7% |
| Other amounts receivable | 291 | €869,149 | €1,066,017 | +€196,868 | +22.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | - | = | |
| Goods purchased for resale | 34 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €532,404 | €468,997 | -€63,407 | -11.9% |
| Trade receivables | 40 | €532,404 | €468,997 | -€63,407 | -11.9% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €12,819 | €17,754 | +€4,935 | +38.5% |
| Total equity and liabilities | 10/49 | €13,537,538 | €17,025,521 | +€3.5m | +25.8% |
| Equity | 10/15 | €6,389,321 | €7,488,862 | +€1.1m | +17.2% |
| Contributions | 10/11 | €41,000 | €41,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,447,762 | €3,447,762 | = | 0.0% |
| Reserves | 13 | €2,900,559 | €4,000,100 | +€1.1m | +37.9% |
| Non-distributable reserves | 130/1 | €65,390 | €65,390 | = | 0.0% |
| Reserves not available under the articles | 1311 | €65,390 | €65,390 | = | 0.0% |
| Distributable reserves | 133 | €2,835,169 | €3,934,710 | +€1.1m | +38.8% |
| Amounts payable | 17/49 | €7,148,218 | €9,536,659 | +€2.4m | +33.4% |
| Amounts payable after more than one year | 17 | €5,948,586 | €8,304,424 | +€2.4m | +39.6% |
| Financial debts | 170/4 | €3,697,182 | €6,204,607 | +€2.5m | +67.8% |
| Credit institutions | 173 | €3,565,793 | €5,676,827 | +€2.1m | +59.2% |
| Other loans | 174 | €131,389 | €527,780 | +€396,391 | +301.7% |
| Other amounts payable | 178/9 | €2,251,405 | €2,099,817 | -€151,588 | -6.7% |
| Amounts payable within one year | 42/48 | €1,198,191 | €1,222,621 | +€24,430 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €632,613 | €948,172 | +€315,559 | +49.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €405,909 | €194,380 | -€211,529 | -52.1% |
| Suppliers | 440/4 | €405,909 | €194,380 | -€211,529 | -52.1% |
| Taxes, remuneration and social security | 45 | €100,128 | €20,528 | -€79,600 | -79.5% |
| Taxes | 450/3 | €100,128 | €20,528 | -€79,600 | -79.5% |
| Other amounts payable | 47/48 | €59,541 | €59,541 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,440 | €9,614 | +€8,174 | +567.6% |
| Operating income | 70/76A | €891,080 | €865,660 | -€25,420 | -2.9% |
| Turnover | 70 | €228,000 | €156,000 | -€72,000 | -31.6% |
| Other operating income | 74 | €663,080 | €667,614 | +€4,535 | +0.7% |
| Non-recurring operating income | 76A | - | €42,045 | +€42,045 | |
| Operating charges | 60/66A | €360,143 | €399,137 | +€38,994 | +10.8% |
| Goods for resale, raw materials and consumables | 60 | €71,400 | €0 | -€71,400 | -100.0% |
| Change in stocks: decrease (increase) | 609 | €71,400 | €0 | -€71,400 | -100.0% |
| Services and other goods | 61 | €38,835 | €92,271 | +€53,436 | +137.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,879 | €223,271 | +€38,392 | +20.8% |
| Other operating charges | 640/8 | €65,029 | €83,595 | +€18,566 | +28.5% |
| Operating profit (loss) | 9901 | €530,937 | €466,523 | -€64,414 | -12.1% |
| Financial income | 75/76B | €1,454,589 | €885,372 | -€569,217 | -39.1% |
| Recurring financial income | 75 | €1,454,589 | €885,372 | -€569,217 | -39.1% |
| Income from financial fixed assets | 750 | €1,429,400 | €848,867 | -€580,533 | -40.6% |
| Income from current assets | 751 | €25,189 | €36,505 | +€11,316 | +44.9% |
| Financial charges | 65/66B | €910,900 | €246,252 | -€664,649 | -73.0% |
| Recurring financial charges | 65 | €230,900 | €246,252 | +€15,351 | +6.6% |
| Debt charges | 650 | €226,875 | €240,208 | +€13,333 | +5.9% |
| Other financial charges | 652/9 | €4,025 | €6,044 | +€2,019 | +50.2% |
| Non-recurring financial charges | 66B | €680,000 | €0 | -€680,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €1,074,625 | €1,105,643 | +€31,017 | +2.9% |
| Income taxes | 67/77 | €81,555 | €6,101 | -€75,453 | -92.5% |
| Taxes | 670/3 | €81,555 | €6,101 | -€75,453 | -92.5% |
| Profit (loss) for the period | 9904 | €993,071 | €1,099,541 | +€106,471 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €993,071 | €1,099,541 | +€106,471 | +10.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.