A.HURARD: 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.
A.HURARD
Largest movements
- Receivables within one year +€281,099
up €281,099 (+229%), from €122,964 to €404,064
of which Other amounts receivable: +€281,102
- Deferred charges and accrued income +€18,022
up €18,022 (+824%), from €2,187 to €20,208
- Cash +€11,591
up €11,591 (+49.6%), from €23,382 to €34,973
mainly Net result for the year (+€364,745) and Other debts (+€310,552)
- Other debts +€310,552
up €310,552 (+465%), from €66,813 to €377,365
- Gross operating margin +€384,381
up €384,381 (+494%), from €77,756 to €462,136
- Taxes +€98,372
up €98,372 (+594%), from €16,565 to €114,936
- Financial income +€11,977
up €11,977 (+198%), from €6,044 to €18,022
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 | €148,533 | €459,245 | +€310,712 | +209% |
| Current assets | 29/58 | €148,533 | €459,245 | +€310,712 | +209% |
| Amounts receivable within one year | 40/41 | €122,964 | €404,064 | +€281,099 | +229% |
| Trade receivables | 40 | €3 | €0 | -€3 | -100% |
| Other amounts receivable | 41 | €122,961 | €404,064 | +€281,102 | +229% |
| Cash at bank and in hand | 54/58 | €23,382 | €34,973 | +€11,591 | +49.6% |
| Deferred charges and accrued income | 490/1 | €2,187 | €20,208 | +€18,022 | +824% |
| Total equity and liabilities | 10/49 | €148,533 | €459,245 | +€310,712 | +209% |
| Equity | 10/15 | €76,567 | €76,567 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €71,567 | €71,567 | = | 0.0% |
| Distributable reserves | 133 | €71,567 | €71,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,966 | €382,678 | +€310,712 | +432% |
| Amounts payable within one year | 42/48 | €71,966 | €382,678 | +€310,712 | +432% |
| Trade debts | 44 | - | €174 | +€174 | |
| Suppliers | 440/4 | - | €174 | +€174 | |
| Taxes, remuneration and social security | 45 | €5,153 | €5,139 | -€15 | -0.3% |
| Taxes | 450/3 | €5,153 | €5,139 | -€15 | -0.3% |
| Other amounts payable | 47/48 | €66,813 | €377,365 | +€310,552 | +465% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €77,756 | €462,136 | +€384,381 | +494% |
| Operating profit (loss) | 9901 | €77,371 | €461,749 | +€384,378 | +497% |
| Financial income | 75/76B | €6,044 | €18,022 | +€11,977 | +198% |
| Recurring financial income | 75 | €6,044 | €18,022 | +€11,977 | +198% |
| Financial charges | 65/66B | €38 | €89 | +€51 | +135% |
| Recurring financial charges | 65 | €38 | €89 | +€51 | +135% |
| Profit (loss) for the period before taxes | 9903 | €83,378 | €479,682 | +€396,304 | +475% |
| Income taxes | 67/77 | €16,565 | €114,936 | +€98,372 | +594% |
| Profit (loss) for the period | 9904 | €66,813 | €364,745 | +€297,932 | +446% |
| Profit (loss) for the period to be appropriated | 9905 | €66,813 | €364,745 | +€297,932 | +446% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.