HAMTIE: 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.
What changed
HAMTIE
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€168,683
2024 · €811,312-€642,629
Equity
€4.3m
2024 · €4.3m-€42,089
Cash
€45,487
2024 · €121,161-€75,674
Balance sheet total
€9.4m
2024 · €9.5m-€85,480
Largest movements
Assets
- Receivables after one year +€1.0m
new in 2025: €1.0m
- Receivables within one year -€718,840
down €718,840 (-43.2%), from €1.7m to €945,156
of which Other amounts receivable: -€662,760
- Tangible fixed assets -€281,693
down €281,693 (-3.8%), from €7.3m to €7.0m
of which Land and buildings: -€326,161
Equity and liabilities
- Other debts +€210,772
up €210,772 (+36.1%), from €584,524 to €795,296
- Debts after one year -€192,135
down €192,135 (-5.3%), from €3.6m to €3.4m
Income statement
- Gross operating margin -€626,728
down €626,728 (-52.6%), from €1.2m to €564,675
- Depreciation +€129,421
up €129,421 (+65.8%), from €196,740 to €326,161
- Taxes +€15,597
up €15,597 (+1633.1%), from €955 to €16,552
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
€811,312
Gross operating margin
-€626,728
Depreciation
-€129,421
Other operating charges
+€722
Financial income
+€1,205
Financial charges
+€11,302
Taxes
-€15,597
Deferred taxes and other
+€115,888
Result 2025
€168,683
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
+€369,271
Investment
-€44,468
Financing
-€400,477
Cash 2024
€121,161
From operations (derived)
+€369,271
Net result for the year
+€168,683
Depreciation
+€326,161
Receivables after one year
-€1.0m
Receivables within one year
+€718,840
Deferred charges and accrued income
+€9,274
Provisions
-€30,581
Trade debts
-€30,540
Tax, wage and social debts
-€10,835
Other debts
+€210,772
Accrued charges and deferred income
+€7,498
Investment (derived)
-€44,468
Investment in fixed assets (net)
-€44,468
Financing
-€400,477
Debts after one year
-€192,135
Current portion of long-term debt
+€2,430
Contributions, distributions and other
-€210,772
Cash 2025
€45,487
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,462,584 | €9,377,104 | -€85,480 | -0.9% |
| Fixed assets | 21/28 | €7,608,410 | €7,326,717 | -€281,693 | -3.7% |
| Tangible fixed assets | 22/27 | €7,324,210 | €7,042,517 | -€281,693 | -3.8% |
| Land and buildings | 22 | €7,151,578 | €6,825,417 | -€326,161 | -4.6% |
| Assets under construction and advance payments | 27 | €172,632 | €217,100 | +€44,468 | +25.8% |
| Financial fixed assets | 28 | €284,200 | €284,200 | = | 0.0% |
| Current assets | 29/58 | €1,854,175 | €2,050,387 | +€196,213 | +10.6% |
| Amounts receivable after more than one year | 29 | - | €1,000,000 | +€1.0m | |
| Other amounts receivable | 291 | - | €1,000,000 | +€1.0m | |
| Amounts receivable within one year | 40/41 | €1,663,996 | €945,156 | -€718,840 | -43.2% |
| Trade receivables | 40 | €114,575 | €58,495 | -€56,080 | -48.9% |
| Other amounts receivable | 41 | €1,549,421 | €886,661 | -€662,760 | -42.8% |
| Cash at bank and in hand | 54/58 | €121,161 | €45,487 | -€75,674 | -62.5% |
| Deferred charges and accrued income | 490/1 | €69,017 | €59,743 | -€9,274 | -13.4% |
| Total equity and liabilities | 10/49 | €9,462,584 | €9,377,104 | -€85,480 | -0.9% |
| Equity | 10/15 | €4,292,780 | €4,250,691 | -€42,089 | -1.0% |
| Contributions | 10/11 | €990,000 | €990,000 | = | 0.0% |
| Reserves | 13 | €1,774,372 | €1,682,628 | -€91,744 | -5.2% |
| Tax-exempt reserves | 132 | €1,774,372 | €1,682,628 | -€91,744 | -5.2% |
| Profit (loss) carried forward | 14 | €1,528,408 | €1,578,064 | +€49,655 | +3.2% |
| Provisions and deferred taxes | 16 | €578,011 | €547,429 | -€30,581 | -5.3% |
| Deferred taxes | 168 | €578,011 | €547,429 | -€30,581 | -5.3% |
| Amounts payable | 17/49 | €4,591,793 | €4,578,983 | -€12,810 | -0.3% |
| Amounts payable after more than one year | 17 | €3,623,125 | €3,430,990 | -€192,135 | -5.3% |
| Financial debts | 170/4 | €3,623,125 | €3,430,990 | -€192,135 | -5.3% |
| Amounts payable within one year | 42/48 | €968,668 | €1,140,495 | +€171,827 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €189,705 | €192,135 | +€2,430 | +1.3% |
| Trade debts | 44 | €174,893 | €144,353 | -€30,540 | -17.5% |
| Suppliers | 440/4 | €174,893 | €144,353 | -€30,540 | -17.5% |
| Taxes, remuneration and social security | 45 | €19,546 | €8,711 | -€10,835 | -55.4% |
| Taxes | 450/3 | €19,546 | €8,711 | -€10,835 | -55.4% |
| Other amounts payable | 47/48 | €584,524 | €795,296 | +€210,772 | +36.1% |
| Accrued charges and deferred income | 492/3 | €0 | €7,498 | +€7,498 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,740 | €326,161 | +€129,421 | +65.8% |
| Other operating charges | 640/8 | €89,447 | €88,725 | -€722 | -0.8% |
| Gross operating margin | 9900 | €1,191,403 | €564,675 | -€626,728 | -52.6% |
| Operating profit (loss) | 9901 | €905,217 | €149,789 | -€755,428 | -83.5% |
| Financial income | 75/76B | €51,471 | €52,675 | +€1,205 | +2.3% |
| Recurring financial income | 75 | €51,471 | €52,675 | +€1,205 | +2.3% |
| Financial charges | 65/66B | €59,113 | €47,811 | -€11,302 | -19.1% |
| Recurring financial charges | 65 | €59,113 | €47,811 | -€11,302 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €897,574 | €154,653 | -€742,921 | -82.8% |
| Transfer from deferred taxes | 780 | €25,287 | €30,581 | +€5,294 | +20.9% |
| Transfer to deferred taxes | 680 | €110,594 | €0 | -€110,594 | -100.0% |
| Income taxes | 67/77 | €955 | €16,552 | +€15,597 | +1633.1% |
| Profit (loss) for the period | 9904 | €811,312 | €168,683 | -€642,629 | -79.2% |
| Transfer from tax-exempt reserves | 789 | €75,861 | €91,744 | +€15,883 | +20.9% |
| Transfer to tax-exempt reserves | 689 | €331,781 | €0 | -€331,781 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €555,392 | €260,427 | -€294,965 | -53.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.