STATION HAMOIR: 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.
STATION HAMOIR
Largest movements
- Cash -€124,973
down €124,973 (-21.9%), from €571,130 to €446,157
mainly Other debts (-€209,397) and Investment in fixed assets (net) (-€34,500)
- Tangible fixed assets -€13,807
down €13,807 (-4.2%), from €329,216 to €315,409
of which Land and buildings: -€8,288
- Other debts -€209,397
down €209,397 (-94.9%), from €220,714 to €11,317
- Reserves +€63,636
up €63,636 (+32.3%), from €197,314 to €260,950
of which Non-distributable reserves: +€63,636
- Tax, wage and social debts +€29,998
up €29,998 (+34.3%), from €87,472 to €117,471
of which Taxes: +€29,804
- Debts after one year -€20,566
down €20,566 (-41.6%), from €49,465 to €28,899
- Investment grants -€15,734
down €15,734 (-44.0%), from €35,737 to €20,003
- Staff costs -€23,056
down €23,056 (-66.6%), from €34,596 to €11,540
- Taxes +€10,943
up €10,943 (+37.6%), from €29,087 to €40,030
- Depreciation -€10,192
down €10,192 (-17.4%), from €58,499 to €48,307
- Write-downs +€7,643
new in 2025: €7,643
- Gross operating margin -€7,498
down €7,498 (-4.0%), from €185,173 to €177,675
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 | €960,638 | €816,443 | -€144,195 | -15.0% |
| Fixed assets | 21/28 | €339,950 | €326,143 | -€13,807 | -4.1% |
| Tangible fixed assets | 22/27 | €329,216 | €315,409 | -€13,807 | -4.2% |
| Land and buildings | 22 | €181,516 | €173,228 | -€8,288 | -4.6% |
| Plant, machinery and equipment | 23 | €388 | €243 | -€146 | -37.5% |
| Furniture and vehicles | 24 | €147,312 | €141,938 | -€5,374 | -3.6% |
| Financial fixed assets | 28 | €10,734 | €10,734 | = | 0.0% |
| Current assets | 29/58 | €620,688 | €490,300 | -€130,388 | -21.0% |
| Amounts receivable within one year | 40/41 | €39,165 | €34,588 | -€4,578 | -11.7% |
| Trade receivables | 40 | €32,478 | €26,295 | -€6,182 | -19.0% |
| Other amounts receivable | 41 | €6,688 | €8,292 | +€1,604 | +24.0% |
| Cash at bank and in hand | 54/58 | €571,130 | €446,157 | -€124,973 | -21.9% |
| Deferred charges and accrued income | 490/1 | €10,392 | €9,555 | -€838 | -8.1% |
| Total equity and liabilities | 10/49 | €960,638 | €816,443 | -€144,195 | -15.0% |
| Equity | 10/15 | €557,210 | €618,039 | +€60,829 | +10.9% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €197,314 | €260,950 | +€63,636 | +32.3% |
| Non-distributable reserves | 130/1 | €195,455 | €259,091 | +€63,636 | +32.6% |
| Other | 1319 | €195,455 | €259,091 | +€63,636 | +32.6% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311,764 | €324,691 | +€12,927 | +4.1% |
| Investment grants | 15 | €35,737 | €20,003 | -€15,734 | -44.0% |
| Amounts payable | 17/49 | €403,428 | €198,404 | -€205,024 | -50.8% |
| Amounts payable after more than one year | 17 | €49,465 | €28,899 | -€20,566 | -41.6% |
| Financial debts | 170/4 | €49,465 | €28,899 | -€20,566 | -41.6% |
| Amounts payable within one year | 42/48 | €353,962 | €169,505 | -€184,457 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €19,663 | €20,566 | +€903 | +4.6% |
| Trade debts | 44 | €26,113 | €20,151 | -€5,963 | -22.8% |
| Suppliers | 440/4 | €26,113 | €20,151 | -€5,963 | -22.8% |
| Taxes, remuneration and social security | 45 | €87,472 | €117,471 | +€29,998 | +34.3% |
| Taxes | 450/3 | €57,237 | €87,042 | +€29,804 | +52.1% |
| Remuneration and social security | 454/9 | €30,235 | €30,429 | +€194 | +0.6% |
| Other amounts payable | 47/48 | €220,714 | €11,317 | -€209,397 | -94.9% |
| Remuneration, social security and pensions | 62 | €34,596 | €11,540 | -€23,056 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,499 | €48,307 | -€10,192 | -17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,643 | +€7,643 | |
| Other operating charges | 640/8 | €8,329 | €8,473 | +€144 | +1.7% |
| Gross operating margin | 9900 | €185,173 | €177,675 | -€7,498 | -4.0% |
| Operating profit (loss) | 9901 | €83,749 | €101,711 | +€17,963 | +21.4% |
| Financial income | 75/76B | €16,679 | €19,136 | +€2,456 | +14.7% |
| Recurring financial income | 75 | €16,679 | €19,136 | +€2,456 | +14.7% |
| Financial charges | 65/66B | €4,657 | €4,255 | -€402 | -8.6% |
| Recurring financial charges | 65 | €4,657 | €4,255 | -€402 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €95,771 | €116,593 | +€20,821 | +21.7% |
| Income taxes | 67/77 | €29,087 | €40,030 | +€10,943 | +37.6% |
| Profit (loss) for the period | 9904 | €66,685 | €76,563 | +€9,878 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,685 | €76,563 | +€9,878 | +14.8% |
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 30 October 2026 via checked.be.