H&R ARD: 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.
H&R ARD
Largest movements
- Cash -€3,454
down €3,454 (-78.4%), from €4,408 to €953
mainly Trade debts (-€4,348) and Receivables within one year (-€3,427)
- Receivables within one year +€3,427
up €3,427 (+202%), from €1,700 to €5,128
of which Trade receivables: +€4,922
- Trade debts -€4,348
down €4,348 (-98.3%), from €4,425 to €77
- Profit (loss) carried forward +€3,128
up €3,128 (+61.8%), from -€5,063 to -€1,935
- Tax, wage and social debts +€2,461
new in 2025: €2,461
- Other debts -€1,268
down €1,268 (-35.2%), from €3,608 to €2,339
- Purchases and services -€1,704
down €1,704 (-1.5%), from €110,423 to €108,719
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 | €6,970 | €6,943 | -€27 | -0.4% |
| Fixed assets | 21/28 | €862 | €862 | = | 0.0% |
| Tangible fixed assets | 22/27 | €862 | €862 | = | 0.0% |
| Furniture and vehicles | 24 | €862 | €862 | = | 0.0% |
| Current assets | 29/58 | €6,108 | €6,081 | -€27 | -0.4% |
| Amounts receivable within one year | 40/41 | €1,700 | €5,128 | +€3,427 | +202% |
| Trade receivables | 40 | €206 | €5,128 | +€4,922 | +2,394% |
| Other amounts receivable | 41 | €1,494 | - | -€1,494 | |
| Cash at bank and in hand | 54/58 | €4,408 | €953 | -€3,454 | -78.4% |
| Total equity and liabilities | 10/49 | €6,970 | €6,943 | -€27 | -0.4% |
| Equity | 10/15 | -€1,063 | €2,065 | +€3,128 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,063 | -€1,935 | +€3,128 | +61.8% |
| Amounts payable | 17/49 | €8,032 | €4,878 | -€3,155 | -39.3% |
| Amounts payable within one year | 42/48 | €8,032 | €4,878 | -€3,155 | -39.3% |
| Trade debts | 44 | €4,425 | €77 | -€4,348 | -98.3% |
| Suppliers | 440/4 | €4,425 | €77 | -€4,348 | -98.3% |
| Taxes, remuneration and social security | 45 | - | €2,461 | +€2,461 | |
| Taxes | 450/3 | - | €2,461 | +€2,461 | |
| Other amounts payable | 47/48 | €3,608 | €2,339 | -€1,268 | -35.2% |
| Turnover | 70 | €113,519 | €112,704 | -€815 | -0.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €110,423 | €108,719 | -€1,704 | -1.5% |
| Other operating charges | 640/8 | €266 | €751 | +€486 | +183% |
| Gross operating margin | 9900 | €3,096 | €3,985 | +€889 | +28.7% |
| Operating profit (loss) | 9901 | €2,830 | €3,234 | +€403 | +14.3% |
| Financial income | 75/76B | €500 | €8 | -€493 | -98.5% |
| Recurring financial income | 75 | €500 | €8 | -€493 | -98.5% |
| Financial charges | 65/66B | €113 | €113 | +€1 | +0.6% |
| Recurring financial charges | 65 | €113 | €113 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €3,218 | €3,128 | -€90 | -2.8% |
| Profit (loss) for the period | 9904 | €3,218 | €3,128 | -€90 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,218 | €3,128 | -€90 | -2.8% |
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 31 October 2026 via checked.be.