HAYET LAHMIDI: 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.
HAYET LAHMIDI
Largest movements
- Cash -€11,074
down €11,074 (-67.4%), from €16,436 to €5,362
mainly Other debts (-€37,304) and Investment in fixed assets (net) (-€16,915)
- Tangible fixed assets +€10,779
up €10,779 (+91.4%), from €11,792 to €22,571
of which Land and buildings: +€7,697
- Receivables within one year +€7,079
up €7,079 (+6.4%), from €110,062 to €117,141
of which Other amounts receivable: +€7,076
- Profit (loss) carried forward +€42,327
new in 2025: €42,327
- Other debts -€37,304
down €37,304 (-52.7%), from €70,724 to €33,421
- Tax, wage and social debts -€2,360
down €2,360 (-6.0%), from €39,319 to €36,959
of which Taxes: -€11,685
- Current portion of long-term debt +€2,000
up €2,000 (+25.0%), from €8,000 to €10,000
- Staff costs +€59,493
up €59,493 (+28.9%), from €205,820 to €265,313
- Gross operating margin +€43,480
up €43,480 (+14.2%), from €305,716 to €349,196
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 | €139,839 | €145,924 | +€6,086 | +4.4% |
| Fixed assets | 21/28 | €11,897 | €22,676 | +€10,779 | +90.6% |
| Tangible fixed assets | 22/27 | €11,792 | €22,571 | +€10,779 | +91.4% |
| Land and buildings | 22 | €3,819 | €11,515 | +€7,697 | +202% |
| Plant, machinery and equipment | 23 | €4,031 | €8,492 | +€4,461 | +111% |
| Furniture and vehicles | 24 | €3,942 | €2,564 | -€1,378 | -35.0% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €127,942 | €123,248 | -€4,694 | -3.7% |
| Amounts receivable within one year | 40/41 | €110,062 | €117,141 | +€7,079 | +6.4% |
| Trade receivables | 40 | €110,062 | €110,065 | +€3 | 0.0% |
| Other amounts receivable | 41 | - | €7,076 | +€7,076 | |
| Cash at bank and in hand | 54/58 | €16,436 | €5,362 | -€11,074 | -67.4% |
| Deferred charges and accrued income | 490/1 | €1,443 | €745 | -€698 | -48.4% |
| Total equity and liabilities | 10/49 | €139,839 | €145,924 | +€6,086 | +4.4% |
| Equity | 10/15 | €18,600 | €60,927 | +€42,327 | +228% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €42,327 | +€42,327 | |
| Amounts payable | 17/49 | €121,239 | €84,998 | -€36,241 | -29.9% |
| Amounts payable within one year | 42/48 | €121,239 | €84,998 | -€36,241 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €10,000 | +€2,000 | +25.0% |
| Trade debts | 44 | €3,195 | €4,618 | +€1,423 | +44.5% |
| Suppliers | 440/4 | €3,195 | €4,618 | +€1,423 | +44.5% |
| Taxes, remuneration and social security | 45 | €39,319 | €36,959 | -€2,360 | -6.0% |
| Taxes | 450/3 | €11,685 | - | -€11,685 | |
| Remuneration and social security | 454/9 | €27,635 | €36,959 | +€9,324 | +33.7% |
| Other amounts payable | 47/48 | €70,724 | €33,421 | -€37,304 | -52.7% |
| Remuneration, social security and pensions | 62 | €205,820 | €265,313 | +€59,493 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,400 | €6,136 | -€264 | -4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €772 | €772 | = | 0.0% |
| Other operating charges | 640/8 | €761 | - | -€761 | |
| Gross operating margin | 9900 | €305,716 | €349,196 | +€43,480 | +14.2% |
| Operating profit (loss) | 9901 | €91,962 | €76,975 | -€14,988 | -16.3% |
| Financial income | 75/76B | €12 | €4 | -€8 | -68.5% |
| Recurring financial income | 75 | €12 | €4 | -€8 | -68.5% |
| Financial charges | 65/66B | €1,566 | €731 | -€835 | -53.3% |
| Recurring financial charges | 65 | €366 | €731 | +€365 | +99.8% |
| Non-recurring financial charges | 66B | €1,200 | - | -€1,200 | |
| Profit (loss) for the period before taxes | 9903 | €90,409 | €76,248 | -€14,161 | -15.7% |
| Income taxes | 67/77 | €19,685 | €17,924 | -€1,760 | -8.9% |
| Profit (loss) for the period | 9904 | €70,724 | €58,324 | -€12,401 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,724 | €58,324 | -€12,401 | -17.5% |
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 31 October 2026 via checked.be.