HAMSTER: 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.
HAMSTER
Largest movements
- Cash +€285,048
up €285,048 (+91.4%), from €311,705 to €596,754
mainly Depreciation (+€267,961) and Net result for the year (+€166,819)
- Tangible fixed assets -€177,743
down €177,743 (-9.9%), from €1.8m to €1.6m
of which Other tangible fixed assets: -€158,329
- Debts after one year -€268,608
down €268,608 (-30.4%), from €884,083 to €615,475
- Trade debts +€141,885
up €141,885 (+22.7%), from €624,164 to €766,049
- Reserves +€117,179
new in 2025: €117,179
- Other debts +€50,000
new in 2025: €50,000
- Profit (loss) carried forward +€49,640
up €49,640, from -€49,640 to €0
- Gross operating margin +€254,586
up €254,586 (+22.6%), from €1.1m to €1.4m
- Other operating charges +€74,451
up €74,451 (+2529.0%), from €2,944 to €77,395
- Staff costs +€55,872
up €55,872 (+7.3%), from €764,850 to €820,722
- Taxes +€36,019
up €36,019 (+22512.1%), from €160 to €36,179
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 | €2,586,308 | €2,707,059 | +€120,751 | +4.7% |
| Fixed assets | 21/28 | €1,790,628 | €1,612,884 | -€177,743 | -9.9% |
| Tangible fixed assets | 22/27 | €1,790,628 | €1,612,884 | -€177,743 | -9.9% |
| Plant, machinery and equipment | 23 | €44,353 | €28,241 | -€16,112 | -36.3% |
| Furniture and vehicles | 24 | €7,948 | €4,646 | -€3,302 | -41.5% |
| Other tangible fixed assets | 26 | €1,738,327 | €1,579,998 | -€158,329 | -9.1% |
| Current assets | 29/58 | €795,681 | €1,094,175 | +€298,494 | +37.5% |
| Stocks and contracts in progress | 3 | €394,172 | €402,659 | +€8,487 | +2.2% |
| Stocks | 30/36 | €394,172 | €402,659 | +€8,487 | +2.2% |
| Amounts receivable within one year | 40/41 | €35,297 | €46,268 | +€10,971 | +31.1% |
| Trade receivables | 40 | €955 | €12,177 | +€11,222 | +1175.1% |
| Other amounts receivable | 41 | €34,342 | €34,091 | -€251 | -0.7% |
| Cash at bank and in hand | 54/58 | €311,705 | €596,754 | +€285,048 | +91.4% |
| Deferred charges and accrued income | 490/1 | €54,507 | €48,494 | -€6,013 | -11.0% |
| Total equity and liabilities | 10/49 | €2,586,308 | €2,707,059 | +€120,751 | +4.7% |
| Equity | 10/15 | €617,027 | €756,068 | +€139,041 | +22.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | - | €117,179 | +€117,179 | |
| Distributable reserves | 133 | - | €117,179 | +€117,179 | |
| Profit (loss) carried forward | 14 | -€49,640 | €0 | +€49,640 | |
| Investment grants | 15 | €166,667 | €138,889 | -€27,778 | -16.7% |
| Amounts payable | 17/49 | €1,969,281 | €1,950,991 | -€18,290 | -0.9% |
| Amounts payable after more than one year | 17 | €884,083 | €615,475 | -€268,608 | -30.4% |
| Financial debts | 170/4 | €884,083 | €615,475 | -€268,608 | -30.4% |
| Amounts payable within one year | 42/48 | €1,084,068 | €1,328,670 | +€244,602 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €287,618 | €290,856 | +€3,238 | +1.1% |
| Trade debts | 44 | €624,164 | €766,049 | +€141,885 | +22.7% |
| Suppliers | 440/4 | €624,164 | €766,049 | +€141,885 | +22.7% |
| Taxes, remuneration and social security | 45 | €172,286 | €221,765 | +€49,479 | +28.7% |
| Taxes | 450/3 | €82,703 | €127,920 | +€45,217 | +54.7% |
| Remuneration and social security | 454/9 | €89,583 | €93,845 | +€4,262 | +4.8% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €1,130 | €6,845 | +€5,715 | +505.7% |
| Remuneration, social security and pensions | 62 | €764,850 | €820,722 | +€55,872 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,674 | €267,961 | +€6,288 | +2.4% |
| Other operating charges | 640/8 | €2,944 | €77,395 | +€74,451 | +2529.0% |
| Gross operating margin | 9900 | €1,126,509 | €1,381,094 | +€254,586 | +22.6% |
| Operating profit (loss) | 9901 | €97,041 | €215,016 | +€117,975 | +121.6% |
| Financial income | 75/76B | €664 | €1,226 | +€562 | +84.6% |
| Recurring financial income | 75 | €664 | €1,226 | +€562 | +84.6% |
| Financial charges | 65/66B | €19,247 | €13,244 | -€6,004 | -31.2% |
| Recurring financial charges | 65 | €19,247 | €13,244 | -€6,004 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €78,458 | €202,998 | +€124,540 | +158.7% |
| Income taxes | 67/77 | €160 | €36,179 | +€36,019 | +22512.1% |
| Profit (loss) for the period | 9904 | €78,298 | €166,819 | +€88,521 | +113.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,298 | €166,819 | +€88,521 | +113.1% |
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 5 October 2026 via checked.be.