John Cockerill Hamon: 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.
John Cockerill Hamon
Largest movements
- Stocks and contracts -€2.8m
down €2.8m (-97.8%), from €2.9m to €62,443
- Receivables within one year +€428,052
up €428,052 (+48.6%), from €881,502 to €1.3m
of which Trade receivables: +€444,174
- Cash -€394,750
down €394,750 (-62.7%), from €629,974 to €235,224
mainly Advances received (-€3.0m) and Receivables within one year (-€428,052)
- Intangible fixed assets -€387,224
down €387,224 (-24.6%), from €1.6m to €1.2m
- Tangible fixed assets -€100,435
down €100,435 (-87.6%), from €114,638 to €14,203
of which Other tangible fixed assets: -€77,591
- Advances received -€3.0m
down €3.0m (-86.4%), from €3.5m to €468,998
- Trade debts -€371,997
down €371,997 (-55.4%), from €671,353 to €299,356
- Profit (loss) carried forward +€194,906
up €194,906 (+60.6%), from -€321,831 to -€126,925
- Tax, wage and social debts -€65,806
down €65,806 (-19.2%), from €343,383 to €277,577
of which Remuneration and social security: -€67,424
- Goods and materials -€1.8m
down €1.8m (-80.8%), from €2.2m to €419,794
- Turnover +€727,679
up €727,679 (+81.1%), from €896,710 to €1.6m
- Staff costs +€359,844
up €359,844 (+37.0%), from €972,087 to €1.3m
- Other operating income +€222,523
up €222,523 (+17.5%), from €1.3m to €1.5m
- Services and other goods +€73,059
up €73,059 (+13.7%), from €532,345 to €605,404
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,079,586 | €2,835,560 | -€3.2m | -53.4% |
| Fixed assets | 21/28 | €1,704,148 | €1,216,489 | -€487,659 | -28.6% |
| Intangible fixed assets | 21 | €1,571,917 | €1,184,693 | -€387,224 | -24.6% |
| Tangible fixed assets | 22/27 | €114,638 | €14,203 | -€100,435 | -87.6% |
| Plant, machinery and equipment | 23 | €12,077 | - | -€12,077 | |
| Furniture and vehicles | 24 | €24,970 | €8,304 | -€16,666 | -66.7% |
| Other tangible fixed assets | 26 | €77,591 | - | -€77,591 | |
| Assets under construction and advance payments | 27 | - | €5,899 | +€5,899 | |
| Financial fixed assets | 28 | €17,593 | €17,593 | = | 0.0% |
| Other financial fixed assets | 284/8 | €17,593 | €17,593 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €17,593 | €17,593 | = | 0.0% |
| Current assets | 29/58 | €4,375,438 | €1,619,071 | -€2.8m | -63.0% |
| Stocks and contracts in progress | 3 | €2,863,962 | €62,443 | -€2.8m | -97.8% |
| Contracts in progress | 37 | €2,863,962 | €62,443 | -€2.8m | -97.8% |
| Amounts receivable within one year | 40/41 | €881,502 | €1,309,554 | +€428,052 | +48.6% |
| Trade receivables | 40 | €863,670 | €1,307,844 | +€444,174 | +51.4% |
| Other amounts receivable | 41 | €17,832 | €1,710 | -€16,122 | -90.4% |
| Cash at bank and in hand | 54/58 | €629,974 | €235,224 | -€394,750 | -62.7% |
| Deferred charges and accrued income | 490/1 | - | €11,850 | +€11,850 | |
| Total equity and liabilities | 10/49 | €6,079,586 | €2,835,560 | -€3.2m | -53.4% |
| Equity | 10/15 | €1,578,169 | €1,773,075 | +€194,906 | +12.4% |
| Contributions | 10/11 | €1,900,000 | €1,900,000 | = | 0.0% |
| Capital | 10 | €1,900,000 | €1,900,000 | = | 0.0% |
| Issued capital | 100 | €1,900,000 | €1,900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€321,831 | -€126,925 | +€194,906 | +60.6% |
| Amounts payable | 17/49 | €4,501,417 | €1,062,485 | -€3.4m | -76.4% |
| Amounts payable within one year | 42/48 | €4,501,417 | €1,062,485 | -€3.4m | -76.4% |
| Trade debts | 44 | €671,353 | €299,356 | -€371,997 | -55.4% |
| Suppliers | 440/4 | €671,353 | €299,356 | -€371,997 | -55.4% |
| Advances received on contracts in progress | 46 | €3,457,523 | €468,998 | -€3.0m | -86.4% |
| Taxes, remuneration and social security | 45 | €343,383 | €277,577 | -€65,806 | -19.2% |
| Taxes | 450/3 | €4,215 | €5,833 | +€1,618 | +38.4% |
| Remuneration and social security | 454/9 | €339,168 | €271,744 | -€67,424 | -19.9% |
| Other amounts payable | 47/48 | €29,158 | €16,554 | -€12,604 | -43.2% |
| Operating income | 70/76A | €4,033,722 | €3,059,656 | -€974,066 | -24.1% |
| Turnover | 70 | €896,710 | €1,624,389 | +€727,679 | +81.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,866,598 | -€57,670 | -€1.9m | |
| Other operating income | 74 | €1,270,414 | €1,492,937 | +€222,523 | +17.5% |
| Operating charges | 60/66A | €4,190,780 | €2,855,826 | -€1.3m | -31.9% |
| Goods for resale, raw materials and consumables | 60 | €2,183,476 | €419,794 | -€1.8m | -80.8% |
| Purchases | 600/8 | €2,183,476 | €419,794 | -€1.8m | -80.8% |
| Services and other goods | 61 | €532,345 | €605,404 | +€73,059 | +13.7% |
| Remuneration, social security and pensions | 62 | €972,087 | €1,331,931 | +€359,844 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €495,973 | €493,558 | -€2,415 | -0.5% |
| Other operating charges | 640/8 | €6,899 | €5,139 | -€1,760 | -25.5% |
| Operating profit (loss) | 9901 | -€157,058 | €203,830 | +€360,888 | |
| Financial income | 75/76B | €70 | €436 | +€366 | +523% |
| Recurring financial income | 75 | €70 | €436 | +€366 | +523% |
| Other financial income | 752/9 | €70 | €436 | +€366 | +523% |
| Financial charges | 65/66B | €34,845 | €6,290 | -€28,555 | -81.9% |
| Recurring financial charges | 65 | €34,845 | €6,290 | -€28,555 | -81.9% |
| Debt charges | 650 | €32,347 | €414 | -€31,933 | -98.7% |
| Other financial charges | 652/9 | €2,498 | €5,876 | +€3,378 | +135% |
| Profit (loss) for the period before taxes | 9903 | -€191,833 | €197,976 | +€389,809 | |
| Income taxes | 67/77 | - | €3,070 | +€3,070 | |
| Taxes | 670/3 | - | €3,070 | +€3,070 | |
| Profit (loss) for the period | 9904 | -€191,833 | €194,906 | +€386,739 | |
| Profit (loss) for the period to be appropriated | 9905 | -€191,833 | €194,906 | +€386,739 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.