HAMSI: 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.
HAMSI
Largest movements
- Cash -€6,943
down €6,943 (-99.2%), from €7,000 to €57
mainly Investment in fixed assets (net) (-€20,655) and Other debts (-€4,991)
- Receivables within one year -€1,887
down €1,887 (-87.3%), from €2,162 to €275
- Stocks and contracts -€1,687
down €1,687 (-5.4%), from €31,414 to €29,727
- Other debts -€4,991
down €4,991 (-3.3%), from €149,622 to €144,631
- Trade debts -€3,128
down €3,128 (-39.8%), from €7,865 to €4,737
- Profit (loss) carried forward -€2,398
down €2,398 (-2.0%), from -€121,384 to -€123,782
- Gross operating margin +€52,781
up €52,781, from -€33,632 to €19,149
- Depreciation +€20,655
new in 2025: €20,655
- Other operating charges -€918
down €918 (-57.7%), from €1,592 to €673
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.
Derived cash bridge
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 | €58,167 | €47,651 | -€10,517 | -18.1% |
| Fixed assets | 21/28 | €17,592 | €17,592 | = | 0.0% |
| Tangible fixed assets | 22/27 | €17,592 | €17,592 | = | 0.0% |
| Plant, machinery and equipment | 23 | €17,592 | €17,592 | = | 0.0% |
| Current assets | 29/58 | €40,576 | €30,059 | -€10,517 | -25.9% |
| Stocks and contracts in progress | 3 | €31,414 | €29,727 | -€1,687 | -5.4% |
| Stocks | 30/36 | €31,414 | €29,727 | -€1,687 | -5.4% |
| Amounts receivable within one year | 40/41 | €2,162 | €275 | -€1,887 | -87.3% |
| Other amounts receivable | 41 | €2,162 | €275 | -€1,887 | -87.3% |
| Cash at bank and in hand | 54/58 | €7,000 | €57 | -€6,943 | -99.2% |
| Total equity and liabilities | 10/49 | €58,167 | €47,651 | -€10,517 | -18.1% |
| Equity | 10/15 | -€99,319 | -€101,717 | -€2,398 | -2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,865 | €15,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,005 | €14,005 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,384 | -€123,782 | -€2,398 | -2.0% |
| Amounts payable | 17/49 | €157,487 | €149,368 | -€8,119 | -5.2% |
| Amounts payable within one year | 42/48 | €157,487 | €149,368 | -€8,119 | -5.2% |
| Trade debts | 44 | €7,865 | €4,737 | -€3,128 | -39.8% |
| Suppliers | 440/4 | €7,865 | €4,737 | -€3,128 | -39.8% |
| Other amounts payable | 47/48 | €149,622 | €144,631 | -€4,991 | -3.3% |
| Non-recurring operating income | 76A | - | €20,908 | +€20,908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €20,655 | +€20,655 | |
| Other operating charges | 640/8 | €1,592 | €673 | -€918 | -57.7% |
| Gross operating margin | 9900 | -€33,632 | €19,149 | +€52,781 | |
| Operating profit (loss) | 9901 | -€35,224 | -€2,179 | +€33,045 | +93.8% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €405 | €224 | -€182 | -44.8% |
| Recurring financial charges | 65 | €405 | €224 | -€182 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,629 | -€2,398 | +€33,231 | +93.3% |
| Profit (loss) for the period | 9904 | -€35,629 | -€2,398 | +€33,231 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,629 | -€2,398 | +€33,231 | +93.3% |
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 17 October 2026 via checked.be.