Paul HAMAIDE: what changed
What changed
Paul HAMAIDE
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
-€7,077
2024 · -€2,213-€4,864
Equity
€238,394
2024 · €245,471-€7,077
Cash
€158,355
2024 · €154,425+€3,930
Balance sheet total
€813,107
2024 · €863,986-€50,879
Largest movements
Assets
- Tangible fixed assets -€52,218
down €52,218 (-7.9%), from €664,372 to €612,155
Equity and liabilities
- Debts after one year -€45,624
down €45,624 (-7.7%), from €592,900 to €547,276
Income statement
- Gross operating margin -€10,093
down €10,093 (-11.7%), from €86,360 to €76,266
- Financial charges -€2,768
down €2,768 (-10.5%), from €26,322 to €23,555
- Staff costs -€1,041
no longer reported in 2025 (was €1,041)
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.
Result 2024
-€2,213
Gross operating margin
-€10,093
Staff costs
+€1,041
Depreciation
+€625
Other operating charges
+€308
Financial income
-€83
Financial charges
+€2,768
Taxes
+€571
Result 2025
-€7,077
raises the resultlowers the result
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.
From operations
+€50,001
Investment
-€2,180
Financing
-€43,891
Cash 2024
€154,425
From operations (derived)
+€50,001
Net result for the year
-€7,077
Depreciation
+€54,398
Stocks and contracts
+€1,204
Receivables within one year
+€875
Deferred charges and accrued income
+€512
Trade debts
-€311
Tax, wage and social debts
+€450
Other debts
-€150
Accrued charges and deferred income
+€100
Investment (derived)
-€2,180
Investment in fixed assets (net)
-€2,180
Financing
-€43,891
Debts after one year
-€45,624
Current portion of long-term debt
+€1,734
Cash 2025
€158,355
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €863,986 | €813,107 | -€50,879 | -5.9% |
| Fixed assets | 21/28 | €664,507 | €612,290 | -€52,218 | -7.9% |
| Tangible fixed assets | 22/27 | €664,372 | €612,155 | -€52,218 | -7.9% |
| Land and buildings | 22 | €527,050 | €513,000 | -€14,051 | -2.7% |
| Plant, machinery and equipment | 23 | €61,868 | €47,907 | -€13,961 | -22.6% |
| Furniture and vehicles | 24 | €75,454 | €51,248 | -€24,206 | -32.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €199,479 | €200,817 | +€1,339 | +0.7% |
| Stocks and contracts in progress | 3 | €29,786 | €28,583 | -€1,204 | -4.0% |
| Stocks | 30/36 | €29,786 | €28,583 | -€1,204 | -4.0% |
| Amounts receivable within one year | 40/41 | €9,339 | €8,464 | -€875 | -9.4% |
| Trade receivables | 40 | €2,197 | €3,824 | +€1,627 | +74.0% |
| Other amounts receivable | 41 | €7,142 | €4,640 | -€2,502 | -35.0% |
| Cash at bank and in hand | 54/58 | €154,425 | €158,355 | +€3,930 | +2.5% |
| Deferred charges and accrued income | 490/1 | €5,928 | €5,416 | -€512 | -8.6% |
| Total equity and liabilities | 10/49 | €863,986 | €813,107 | -€50,879 | -5.9% |
| Equity | 10/15 | €245,471 | €238,394 | -€7,077 | -2.9% |
| Contributions | 10/11 | €61,975 | €61,975 | = | 0.0% |
| Capital | 10 | €61,975 | €61,975 | = | 0.0% |
| Issued capital | 100 | €61,975 | €61,975 | = | 0.0% |
| Reserves | 13 | €6,198 | €6,198 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | €6,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,299 | €170,221 | -€7,077 | -4.0% |
| Amounts payable | 17/49 | €618,515 | €574,713 | -€43,802 | -7.1% |
| Amounts payable after more than one year | 17 | €592,900 | €547,276 | -€45,624 | -7.7% |
| Financial debts | 170/4 | €592,900 | €547,276 | -€45,624 | -7.7% |
| Amounts payable within one year | 42/48 | €10,910 | €12,633 | +€1,723 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,734 | +€1,734 | |
| Trade debts | 44 | €5,592 | €5,281 | -€311 | -5.6% |
| Suppliers | 440/4 | €5,592 | €5,281 | -€311 | -5.6% |
| Taxes, remuneration and social security | 45 | €3,052 | €3,502 | +€450 | +14.7% |
| Taxes | 450/3 | €3,052 | €3,502 | +€450 | +14.7% |
| Other amounts payable | 47/48 | €2,265 | €2,115 | -€150 | -6.6% |
| Accrued charges and deferred income | 492/3 | €14,705 | €14,805 | +€100 | +0.7% |
| Remuneration, social security and pensions | 62 | €1,041 | - | -€1,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,023 | €54,398 | -€625 | -1.1% |
| Other operating charges | 640/8 | €5,598 | €5,290 | -€308 | -5.5% |
| Gross operating margin | 9900 | €86,360 | €76,266 | -€10,093 | -11.7% |
| Operating profit (loss) | 9901 | €24,698 | €16,579 | -€8,119 | -32.9% |
| Financial income | 75/76B | €411 | €328 | -€83 | -20.3% |
| Recurring financial income | 75 | €411 | €328 | -€83 | -20.3% |
| Financial charges | 65/66B | €26,322 | €23,555 | -€2,768 | -10.5% |
| Recurring financial charges | 65 | €26,322 | €23,555 | -€2,768 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,213 | -€6,648 | -€5,435 | -448% |
| Income taxes | 67/77 | €1,000 | €429 | -€571 | -57.1% |
| Profit (loss) for the period | 9904 | -€2,213 | -€7,077 | -€4,864 | -220% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,213 | -€7,077 | -€4,864 | -220% |
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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 3 November 2026 via checked.be.