HAMZA: what changed
HAMZA
Largest movements
- Receivables within one year +€19,153
up €19,153 (+595%), from €3,216 to €22,369
- Cash -€9,972
down €9,972 (-40.9%), from €24,401 to €14,429
mainly Receivables within one year (-€19,153) and Net result for the year (-€8,497)
- Tangible fixed assets -€2,288
down €2,288 (-90.0%), from €2,543 to €255
- Advances received +€18,971
new in 2025: €18,971
- Profit (loss) carried forward -€8,497
down €8,497 (-32.4%), from €26,258 to €17,761
- Trade debts -€3,228
down €3,228 (-44.9%), from €7,184 to €3,956
- Contributions +€2,500
up €2,500 (+40.3%), from €6,200 to €8,700
- Current portion of long-term debt -€2,127
no longer reported in 2025 (was €2,127)
- Gross operating margin -€5,751
down €5,751, from €1,731 to -€4,020
- Financial income -€3,552
down €3,552 (-100.0%), from €3,552 to €0
- Financial charges +€249
up €249 (+17.7%), from €1,411 to €1,660
- Taxes -€167
down €167 (-91.0%), from €184 to €17
- Other operating charges -€143
down €143 (-21.8%), from €655 to €512
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,606 | €49,969 | +€7,363 | +17.3% |
| Fixed assets | 21/28 | €4,343 | €2,055 | -€2,288 | -52.7% |
| Tangible fixed assets | 22/27 | €2,543 | €255 | -€2,288 | -90.0% |
| Furniture and vehicles | 24 | €2,543 | €255 | -€2,288 | -90.0% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €38,263 | €47,914 | +€9,651 | +25.2% |
| Stocks and contracts in progress | 3 | €10,645 | €11,045 | +€400 | +3.8% |
| Stocks | 30/36 | €10,645 | €11,045 | +€400 | +3.8% |
| Amounts receivable within one year | 40/41 | €3,216 | €22,369 | +€19,153 | +595% |
| Trade receivables | 40 | €3,216 | €22,369 | +€19,153 | +595% |
| Cash at bank and in hand | 54/58 | €24,401 | €14,429 | -€9,972 | -40.9% |
| Deferred charges and accrued income | 490/1 | €0 | €70 | +€70 | |
| Total equity and liabilities | 10/49 | €42,606 | €49,969 | +€7,363 | +17.3% |
| Equity | 10/15 | €32,458 | €26,461 | -€5,997 | -18.5% |
| Contributions | 10/11 | €6,200 | €8,700 | +€2,500 | +40.3% |
| Profit (loss) carried forward | 14 | €26,258 | €17,761 | -€8,497 | -32.4% |
| Amounts payable | 17/49 | €10,148 | €23,507 | +€13,359 | +132% |
| Amounts payable within one year | 42/48 | €10,148 | €23,507 | +€13,359 | +132% |
| Current portion of amounts payable after more than one year | 42 | €2,127 | - | -€2,127 | |
| Trade debts | 44 | €7,184 | €3,956 | -€3,228 | -44.9% |
| Suppliers | 440/4 | €7,184 | €3,956 | -€3,228 | -44.9% |
| Advances received on contracts in progress | 46 | - | €18,971 | +€18,971 | |
| Taxes, remuneration and social security | 45 | €836 | €375 | -€462 | -55.2% |
| Taxes | 450/3 | €836 | €375 | -€462 | -55.2% |
| Other amounts payable | 47/48 | - | €205 | +€205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,297 | €2,288 | -€9 | -0.4% |
| Other operating charges | 640/8 | €655 | €512 | -€143 | -21.8% |
| Gross operating margin | 9900 | €1,731 | -€4,020 | -€5,751 | |
| Operating profit (loss) | 9901 | -€1,222 | -€6,820 | -€5,599 | -458% |
| Financial income | 75/76B | €3,552 | €0 | -€3,552 | -100.0% |
| Recurring financial income | 75 | €3,552 | €0 | -€3,552 | -100.0% |
| Financial charges | 65/66B | €1,411 | €1,660 | +€249 | +17.7% |
| Recurring financial charges | 65 | €1,411 | €1,660 | +€249 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €919 | -€8,480 | -€9,400 | |
| Income taxes | 67/77 | €184 | €17 | -€167 | -91.0% |
| Profit (loss) for the period | 9904 | €736 | -€8,497 | -€9,232 | |
| Profit (loss) for the period to be appropriated | 9905 | €736 | -€8,497 | -€9,232 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.