Hamsat: 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.
Hamsat
Largest movements
- Current investments +€100,000
up €100,000 (+200.0%), from €50,000 to €150,000
- Cash -€56,585
down €56,585 (-54.6%), from €103,554 to €46,970
mainly Current investments (-€100,000) and Tax, wage and social debts (-€31,379)
- Financial fixed assets -€9,102
down €9,102 (-11.2%), from €81,102 to €72,000
- Tangible fixed assets -€4,809
down €4,809 (-12.5%), from €38,404 to €33,595
- Reserves +€80,040
up €80,040 (+36.2%), from €220,890 to €300,930
- Tax, wage and social debts -€31,379
down €31,379 (-67.4%), from €46,539 to €15,160
- Debts after one year -€12,406
no longer reported in 2024 (was €12,406)
- Other debts -€5,567
down €5,567 (-51.5%), from €10,812 to €5,246
- Gross operating margin -€2,304
down €2,304 (-1.7%), from €132,095 to €129,791
- Financial income +€1,578
up €1,578 (+341.4%), from €462 to €2,040
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,190 | €337,434 | +€28,244 | +9.1% |
| Fixed assets | 21/28 | €119,506 | €105,595 | -€13,911 | -11.6% |
| Tangible fixed assets | 22/27 | €38,404 | €33,595 | -€4,809 | -12.5% |
| Furniture and vehicles | 24 | €38,404 | €33,595 | -€4,809 | -12.5% |
| Financial fixed assets | 28 | €81,102 | €72,000 | -€9,102 | -11.2% |
| Current assets | 29/58 | €189,683 | €231,839 | +€42,156 | +22.2% |
| Amounts receivable within one year | 40/41 | €35,746 | €33,624 | -€2,122 | -5.9% |
| Trade receivables | 40 | €35,746 | €33,624 | -€2,122 | -5.9% |
| Current investments | 50/53 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Cash at bank and in hand | 54/58 | €103,554 | €46,970 | -€56,585 | -54.6% |
| Deferred charges and accrued income | 490/1 | €383 | €1,245 | +€863 | +225.5% |
| Total equity and liabilities | 10/49 | €309,190 | €337,434 | +€28,244 | +9.1% |
| Equity | 10/15 | €222,398 | €302,448 | +€80,051 | +36.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €220,890 | €300,930 | +€80,040 | +36.2% |
| Distributable reserves | 133 | €220,890 | €300,930 | +€80,040 | +36.2% |
| Profit (loss) carried forward | 14 | €8 | €18 | +€11 | +139.7% |
| Amounts payable | 17/49 | €86,792 | €34,986 | -€51,806 | -59.7% |
| Amounts payable after more than one year | 17 | €12,406 | - | -€12,406 | |
| Financial debts | 170/4 | €12,406 | - | -€12,406 | |
| Amounts payable within one year | 42/48 | €74,348 | €34,760 | -€39,588 | -53.2% |
| Current portion of amounts payable after more than one year | 42 | €14,471 | €12,406 | -€2,066 | -14.3% |
| Trade debts | 44 | €2,525 | €1,949 | -€576 | -22.8% |
| Suppliers | 440/4 | €2,525 | €1,949 | -€576 | -22.8% |
| Taxes, remuneration and social security | 45 | €46,539 | €15,160 | -€31,379 | -67.4% |
| Taxes | 450/3 | €46,539 | €15,160 | -€31,379 | -67.4% |
| Other amounts payable | 47/48 | €10,812 | €5,246 | -€5,567 | -51.5% |
| Accrued charges and deferred income | 492/3 | €38 | €226 | +€187 | +487.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,368 | €10,799 | +€431 | +4.2% |
| Other operating charges | 640/8 | €884 | €1,022 | +€138 | +15.7% |
| Gross operating margin | 9900 | €132,095 | €129,791 | -€2,304 | -1.7% |
| Operating profit (loss) | 9901 | €120,843 | €117,970 | -€2,873 | -2.4% |
| Financial income | 75/76B | €462 | €2,040 | +€1,578 | +341.4% |
| Recurring financial income | 75 | €462 | €2,040 | +€1,578 | +341.4% |
| Financial charges | 65/66B | €1,309 | €853 | -€457 | -34.9% |
| Recurring financial charges | 65 | €1,309 | €853 | -€457 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €119,996 | €119,157 | -€839 | -0.7% |
| Income taxes | 67/77 | €39,279 | €39,106 | -€173 | -0.4% |
| Profit (loss) for the period | 9904 | €80,716 | €80,051 | -€666 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,716 | €80,051 | -€666 | -0.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.