KURT HAMBLOK: 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.
KURT HAMBLOK
Largest movements
- Cash +€7,153
up €7,153 (+325%), from €2,203 to €9,356
mainly Other debts (+€14,716) and Net result for the year (+€2,645)
- Receivables within one year +€5,651
up €5,651 (+12.1%), from €46,532 to €52,183
of which Other amounts receivable: +€7,651
- Other debts +€14,716
up €14,716 (+77.1%), from €19,086 to €33,802
- Tax, wage and social debts -€5,372
down €5,372 (-51.5%), from €10,431 to €5,059
of which Remuneration and social security: -€5,700
- Profit (loss) carried forward +€3,322
up €3,322 (+28.4%), from -€11,685 to -€8,363
- Gross operating margin +€13,039
up €13,039, from -€8,294 to €4,745
- Staff costs -€2,059
no longer reported in 2025 (was €2,059)
- Financial charges +€778
up €778 (+425%), from €183 to €962
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 | €50,770 | €63,574 | +€12,803 | +25.2% |
| Fixed assets | 21/28 | €2,035 | €2,035 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,035 | €2,035 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,666 | €1,666 | = | 0.0% |
| Furniture and vehicles | 24 | €369 | €369 | = | 0.0% |
| Current assets | 29/58 | €48,735 | €61,539 | +€12,803 | +26.3% |
| Amounts receivable within one year | 40/41 | €46,532 | €52,183 | +€5,651 | +12.1% |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €44,532 | €52,183 | +€7,651 | +17.2% |
| Cash at bank and in hand | 54/58 | €2,203 | €9,356 | +€7,153 | +325% |
| Total equity and liabilities | 10/49 | €50,770 | €63,574 | +€12,803 | +25.2% |
| Equity | 10/15 | €19,163 | €22,485 | +€3,322 | +17.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,848 | €28,848 | = | 0.0% |
| Distributable reserves | 133 | €28,848 | €28,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,685 | -€8,363 | +€3,322 | +28.4% |
| Amounts payable | 17/49 | €31,607 | €41,088 | +€9,481 | +30.0% |
| Amounts payable within one year | 42/48 | €31,607 | €41,088 | +€9,481 | +30.0% |
| Trade debts | 44 | €2,090 | €2,228 | +€137 | +6.6% |
| Suppliers | 440/4 | €2,090 | €2,228 | +€137 | +6.6% |
| Taxes, remuneration and social security | 45 | €10,431 | €5,059 | -€5,372 | -51.5% |
| Taxes | 450/3 | €4,731 | €5,059 | +€328 | +6.9% |
| Remuneration and social security | 454/9 | €5,700 | - | -€5,700 | |
| Other amounts payable | 47/48 | €19,086 | €33,802 | +€14,716 | +77.1% |
| Remuneration, social security and pensions | 62 | €2,059 | - | -€2,059 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €677 | €677 | = | 0.0% |
| Other operating charges | 640/8 | €472 | €462 | -€10 | -2.2% |
| Gross operating margin | 9900 | -€8,294 | €4,745 | +€13,039 | |
| Operating profit (loss) | 9901 | -€11,502 | €3,606 | +€15,108 | |
| Financial charges | 65/66B | €183 | €962 | +€778 | +425% |
| Recurring financial charges | 65 | €183 | €962 | +€778 | +425% |
| Profit (loss) for the period before taxes | 9903 | -€11,685 | €2,645 | +€14,330 | |
| Profit (loss) for the period | 9904 | -€11,685 | €2,645 | +€14,330 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,685 | €2,645 | +€14,330 |
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 14 October 2026 via checked.be.