HATIMA: 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.
HATIMA
Largest movements
- Receivables within one year +€552,000
up €552,000, from €0 to €552,000
- Tangible fixed assets +€322,822
up €322,822 (+26.5%), from €1.2m to €1.5m
of which Land and buildings: +€301,812
- Cash -€200,395
down €200,395 (-92.5%), from €216,742 to €16,348
mainly Receivables within one year (-€552,000) and Investment in fixed assets (net) (-€408,972)
- Trade debts +€538,111
up €538,111 (+4010.4%), from €13,418 to €551,529
- Profit (loss) carried forward +€187,369
up €187,369 (+70.5%), from -€265,813 to -€78,444
- Debts after one year -€119,282
down €119,282 (-17.2%), from €694,070 to €574,788
of which Other amounts payable: -€113,500
- Tax, wage and social debts +€77,697
up €77,697 (+66.4%), from €116,930 to €194,627
- Gross operating margin -€245,092
down €245,092 (-40.2%), from €609,360 to €364,267
- Taxes -€39,234
down €39,234 (-33.6%), from €116,930 to €77,697
- Depreciation +€31,160
up €31,160 (+56.7%), from €54,990 to €86,149
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 | €1,436,277 | €2,110,921 | +€674,644 | +47.0% |
| Fixed assets | 21/28 | €1,219,363 | €1,542,185 | +€322,822 | +26.5% |
| Tangible fixed assets | 22/27 | €1,218,991 | €1,541,814 | +€322,822 | +26.5% |
| Land and buildings | 22 | €1,206,194 | €1,508,006 | +€301,812 | +25.0% |
| Plant, machinery and equipment | 23 | €4,625 | €3,662 | -€964 | -20.8% |
| Furniture and vehicles | 24 | €8,172 | €30,146 | +€21,974 | +268.9% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €216,914 | €568,736 | +€351,822 | +162.2% |
| Amounts receivable within one year | 40/41 | €0 | €552,000 | +€552,000 | |
| Trade receivables | 40 | €0 | €552,000 | +€552,000 | |
| Cash at bank and in hand | 54/58 | €216,742 | €16,348 | -€200,395 | -92.5% |
| Deferred charges and accrued income | 490/1 | €171 | €388 | +€217 | +126.4% |
| Total equity and liabilities | 10/49 | €1,436,277 | €2,110,921 | +€674,644 | +47.0% |
| Equity | 10/15 | €565,887 | €753,256 | +€187,369 | +33.1% |
| Contributions | 10/11 | €410,000 | €410,000 | = | 0.0% |
| Reserves | 13 | €421,700 | €421,700 | = | 0.0% |
| Distributable reserves | 133 | €421,700 | €421,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,813 | -€78,444 | +€187,369 | +70.5% |
| Amounts payable | 17/49 | €870,390 | €1,357,665 | +€487,275 | +56.0% |
| Amounts payable after more than one year | 17 | €694,070 | €574,788 | -€119,282 | -17.2% |
| Financial debts | 170/4 | €264,070 | €258,288 | -€5,782 | -2.2% |
| Other amounts payable | 178/9 | €430,000 | €316,500 | -€113,500 | -26.4% |
| Amounts payable within one year | 42/48 | €174,611 | €779,698 | +€605,087 | +346.5% |
| Current portion of amounts payable after more than one year | 42 | €21,644 | €25,860 | +€4,216 | +19.5% |
| Trade debts | 44 | €13,418 | €551,529 | +€538,111 | +4010.4% |
| Suppliers | 440/4 | €13,418 | €551,529 | +€538,111 | +4010.4% |
| Taxes, remuneration and social security | 45 | €116,930 | €194,627 | +€77,697 | +66.4% |
| Taxes | 450/3 | €116,930 | €194,627 | +€77,697 | +66.4% |
| Other amounts payable | 47/48 | €22,618 | €7,682 | -€14,936 | -66.0% |
| Accrued charges and deferred income | 492/3 | €1,709 | €3,179 | +€1,470 | +86.1% |
| Non-recurring operating income | 76A | €573,735 | €329,675 | -€244,059 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,990 | €86,149 | +€31,160 | +56.7% |
| Other operating charges | 640/8 | €10,067 | €7,472 | -€2,596 | -25.8% |
| Gross operating margin | 9900 | €609,360 | €364,267 | -€245,092 | -40.2% |
| Operating profit (loss) | 9901 | €544,303 | €270,646 | -€273,657 | -50.3% |
| Financial income | 75/76B | €4 | €32 | +€28 | +687.5% |
| Recurring financial income | 75 | €4 | €32 | +€28 | +687.5% |
| Financial charges | 65/66B | €5,677 | €5,612 | -€65 | -1.1% |
| Recurring financial charges | 65 | €5,677 | €5,612 | -€65 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €538,630 | €265,066 | -€273,564 | -50.8% |
| Income taxes | 67/77 | €116,930 | €77,697 | -€39,234 | -33.6% |
| Profit (loss) for the period | 9904 | €421,700 | €187,369 | -€234,331 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €421,700 | €187,369 | -€234,331 | -55.6% |
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 29 September 2026 via checked.be.