HAMOUTAX: 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.
HAMOUTAX
Largest movements
- Tangible fixed assets -€9,366
down €9,366 (-50.0%), from €18,733 to €9,367
- Deferred charges and accrued income -€1,639
no longer reported in 2025 (was €1,639)
- Receivables within one year -€527
down €527 (-3.4%), from €15,433 to €14,906
of which Trade receivables: -€313
- Profit (loss) carried forward -€25,300
down €25,300 (-371.8%), from -€6,806 to -€32,106
- Other debts +€25,300
new in 2025: €25,300
- Debts after one year -€11,634
down €11,634 (-53.5%), from €21,734 to €10,100
- Trade debts +€979
up €979 (+420.9%), from €233 to €1,212
- Current portion of long-term debt -€968
down €968 (-11.6%), from €8,321 to €7,353
- Gross operating margin -€18,233
down €18,233, from €6,176 to -€12,057
- Other operating charges +€2,261
up €2,261 (+241.2%), from €938 to €3,199
- Financial charges -€2,123
down €2,123 (-92.3%), from €2,300 to €177
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 | €36,211 | €24,587 | -€11,624 | -32.1% |
| Fixed assets | 21/28 | €18,733 | €9,367 | -€9,366 | -50.0% |
| Tangible fixed assets | 22/27 | €18,733 | €9,367 | -€9,366 | -50.0% |
| Furniture and vehicles | 24 | €18,733 | €9,367 | -€9,366 | -50.0% |
| Current assets | 29/58 | €17,478 | €15,220 | -€2,258 | -12.9% |
| Amounts receivable within one year | 40/41 | €15,433 | €14,906 | -€527 | -3.4% |
| Trade receivables | 40 | €313 | - | -€313 | |
| Other amounts receivable | 41 | €15,120 | €14,906 | -€214 | -1.4% |
| Cash at bank and in hand | 54/58 | €406 | €314 | -€92 | -22.7% |
| Deferred charges and accrued income | 490/1 | €1,639 | - | -€1,639 | |
| Total equity and liabilities | 10/49 | €36,211 | €24,587 | -€11,624 | -32.1% |
| Equity | 10/15 | €4,624 | -€20,676 | -€25,300 | |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Capital | 10 | - | €9,200 | +€9,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €9,400 | +€9,400 | |
| Reserves | 13 | €2,230 | €2,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €230 | €230 | = | 0.0% |
| Legal reserve | 130 | - | €230 | +€230 | |
| Reserves not available under the articles | 1311 | €230 | - | -€230 | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,806 | -€32,106 | -€25,300 | -371.8% |
| Amounts payable | 17/49 | €31,586 | €45,263 | +€13,677 | +43.3% |
| Amounts payable after more than one year | 17 | €21,734 | €10,100 | -€11,634 | -53.5% |
| Financial debts | 170/4 | €21,734 | €10,100 | -€11,634 | -53.5% |
| Amounts payable within one year | 42/48 | €9,852 | €35,163 | +€25,311 | +256.9% |
| Current portion of amounts payable after more than one year | 42 | €8,321 | €7,353 | -€968 | -11.6% |
| Trade debts | 44 | €233 | €1,212 | +€979 | +420.9% |
| Suppliers | 440/4 | €233 | €1,212 | +€979 | +420.9% |
| Taxes, remuneration and social security | 45 | €1,298 | €1,298 | -€0 | 0.0% |
| Taxes | 450/3 | €1,298 | €1,298 | -€0 | 0.0% |
| Other amounts payable | 47/48 | - | €25,300 | +€25,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,366 | €9,366 | -€0 | 0.0% |
| Other operating charges | 640/8 | €938 | €3,199 | +€2,261 | +241.2% |
| Non-recurring operating charges | 66A | €4,380 | - | -€4,380 | |
| Gross operating margin | 9900 | €6,176 | -€12,057 | -€18,233 | |
| Operating profit (loss) | 9901 | -€8,508 | -€24,622 | -€16,114 | -189.4% |
| Financial income | 75/76B | €40 | - | -€40 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Financial charges | 65/66B | €2,300 | €177 | -€2,123 | -92.3% |
| Recurring financial charges | 65 | €2,300 | €177 | -€2,123 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,768 | -€24,799 | -€14,031 | -130.3% |
| Profit (loss) for the period | 9904 | -€10,768 | -€24,799 | -€14,031 | -130.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,768 | -€24,799 | -€14,031 | -130.3% |
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 8 October 2026 via checked.be.