Gérardy Hardenne: 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.
Gérardy Hardenne
Largest movements
- Cash +€23,580
new in 2025: €23,580
mainly Net result for the year (+€35,500) and Tax, wage and social debts (+€3,103)
- Receivables within one year +€14,189
up €14,189 (+14.6%), from €96,857 to €111,046
of which Other amounts receivable: +€14,077
- Profit (loss) carried forward +€35,500
new in 2025: €35,500
- Tax, wage and social debts +€3,103
up €3,103 (+10.1%), from €30,723 to €33,826
of which Taxes: +€2,253
- Gross operating margin -€47,778
down €47,778 (-54.3%), from €88,004 to €40,226
- Taxes -€14,670
down €14,670 (-60.8%), from €24,123 to €9,453
- Financial income +€5,525
up €5,525 (+5,239%), from €105 to €5,630
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 | €96,857 | €135,654 | +€38,797 | +40.1% |
| Current assets | 29/58 | €96,857 | €135,654 | +€38,797 | +40.1% |
| Amounts receivable within one year | 40/41 | €96,857 | €111,046 | +€14,189 | +14.6% |
| Trade receivables | 40 | - | €112 | +€112 | |
| Other amounts receivable | 41 | €96,857 | €110,934 | +€14,077 | +14.5% |
| Cash at bank and in hand | 54/58 | - | €23,580 | +€23,580 | |
| Deferred charges and accrued income | 490/1 | - | €1,028 | +€1,028 | |
| Total equity and liabilities | 10/49 | €96,857 | €135,654 | +€38,797 | +40.1% |
| Equity | 10/15 | €65,987 | €101,487 | +€35,500 | +53.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €63,987 | €63,987 | = | 0.0% |
| Distributable reserves | 133 | €63,987 | €63,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €35,500 | +€35,500 | |
| Amounts payable | 17/49 | €30,870 | €34,167 | +€3,297 | +10.7% |
| Amounts payable within one year | 42/48 | €30,870 | €34,167 | +€3,297 | +10.7% |
| Trade debts | 44 | €147 | €341 | +€194 | +132% |
| Suppliers | 440/4 | €147 | €341 | +€194 | +132% |
| Taxes, remuneration and social security | 45 | €30,723 | €33,826 | +€3,103 | +10.1% |
| Taxes | 450/3 | €30,723 | €32,976 | +€2,253 | +7.3% |
| Remuneration and social security | 454/9 | - | €850 | +€850 | |
| Other operating charges | 640/8 | - | €796 | +€796 | |
| Gross operating margin | 9900 | €88,004 | €40,226 | -€47,778 | -54.3% |
| Operating profit (loss) | 9901 | €88,004 | €39,430 | -€48,574 | -55.2% |
| Financial income | 75/76B | €105 | €5,630 | +€5,525 | +5,239% |
| Recurring financial income | 75 | €105 | €5,630 | +€5,525 | +5,239% |
| Financial charges | 65/66B | - | €107 | +€107 | |
| Recurring financial charges | 65 | - | €107 | +€107 | |
| Profit (loss) for the period before taxes | 9903 | €88,110 | €44,953 | -€43,156 | -49.0% |
| Income taxes | 67/77 | €24,123 | €9,453 | -€14,670 | -60.8% |
| Profit (loss) for the period | 9904 | €63,987 | €35,500 | -€28,487 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,987 | €35,500 | -€28,487 | -44.5% |
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 20 October 2026 via checked.be.