HAARDANS: 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.
HAARDANS
Largest movements
- Cash -€5,005
down €5,005 (-28.4%), from €17,644 to €12,639
mainly Net result for the year (-€14,384) and Debts after one year (-€2,058)
- Stocks and contracts -€2,292
down €2,292 (-22.5%), from €10,172 to €7,879
- Receivables within one year -€1,667
down €1,667 (-41.2%), from €4,044 to €2,377
of which Other amounts receivable: -€3,193
- Tangible fixed assets -€1,296
down €1,296 (-15.6%), from €8,319 to €7,023
of which Plant, machinery and equipment: -€936
- Deferred charges and accrued income -€560
down €560 (-21.8%), from €2,566 to €2,006
- Profit (loss) carried forward -€14,384
down €14,384 (-715%), from -€2,013 to -€16,397
- Tax, wage and social debts +€5,080
up €5,080 (+55.0%), from €9,233 to €14,313
of which Remuneration and social security: +€3,244
- Debts after one year -€2,058
down €2,058 (-52.2%), from €3,944 to €1,886
- Trade debts +€1,197
up €1,197 (+14.3%), from €8,345 to €9,543
- Accrued charges and deferred income -€493
down €493 (-16.6%), from €2,974 to €2,481
- Staff costs +€31,618
up €31,618 (+27.0%), from €116,990 to €148,608
- Gross operating margin +€16,439
up €16,439 (+13.6%), from €120,435 to €136,874
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 | €47,324 | €36,532 | -€10,793 | -22.8% |
| Fixed assets | 21/28 | €12,898 | €11,630 | -€1,268 | -9.8% |
| Tangible fixed assets | 22/27 | €8,319 | €7,023 | -€1,296 | -15.6% |
| Plant, machinery and equipment | 23 | €7,959 | €7,023 | -€936 | -11.8% |
| Other tangible fixed assets | 26 | €360 | €0 | -€360 | -100% |
| Financial fixed assets | 28 | €4,579 | €4,608 | +€28 | +0.6% |
| Current assets | 29/58 | €34,426 | €24,901 | -€9,525 | -27.7% |
| Stocks and contracts in progress | 3 | €10,172 | €7,879 | -€2,292 | -22.5% |
| Stocks | 30/36 | €10,172 | €7,879 | -€2,292 | -22.5% |
| Amounts receivable within one year | 40/41 | €4,044 | €2,377 | -€1,667 | -41.2% |
| Trade receivables | 40 | €368 | €1,894 | +€1,526 | +415% |
| Other amounts receivable | 41 | €3,676 | €483 | -€3,193 | -86.9% |
| Cash at bank and in hand | 54/58 | €17,644 | €12,639 | -€5,005 | -28.4% |
| Deferred charges and accrued income | 490/1 | €2,566 | €2,006 | -€560 | -21.8% |
| Total equity and liabilities | 10/49 | €47,324 | €36,532 | -€10,793 | -22.8% |
| Equity | 10/15 | €16,537 | €2,153 | -€14,384 | -87.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,013 | -€16,397 | -€14,384 | -715% |
| Amounts payable | 17/49 | €30,787 | €34,379 | +€3,591 | +11.7% |
| Amounts payable after more than one year | 17 | €3,944 | €1,886 | -€2,058 | -52.2% |
| Financial debts | 170/4 | €3,944 | €1,886 | -€2,058 | -52.2% |
| Amounts payable within one year | 42/48 | €23,870 | €30,012 | +€6,142 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €2,058 | €2,058 | = | 0.0% |
| Financial debts | 43 | €4,124 | €4,098 | -€26 | -0.6% |
| Credit institutions | 430/8 | €4,124 | €4,098 | -€26 | -0.6% |
| Trade debts | 44 | €8,345 | €9,543 | +€1,197 | +14.3% |
| Suppliers | 440/4 | €8,345 | €9,543 | +€1,197 | +14.3% |
| Taxes, remuneration and social security | 45 | €9,233 | €14,313 | +€5,080 | +55.0% |
| Taxes | 450/3 | €9,168 | €11,003 | +€1,836 | +20.0% |
| Remuneration and social security | 454/9 | €66 | €3,310 | +€3,244 | +4,920% |
| Other amounts payable | 47/48 | €109 | €0 | -€109 | -100% |
| Accrued charges and deferred income | 492/3 | €2,974 | €2,481 | -€493 | -16.6% |
| Remuneration, social security and pensions | 62 | €116,990 | €148,608 | +€31,618 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,380 | €1,391 | +€11 | +0.8% |
| Other operating charges | 640/8 | €1,488 | €544 | -€944 | -63.4% |
| Gross operating margin | 9900 | €120,435 | €136,874 | +€16,439 | +13.6% |
| Operating profit (loss) | 9901 | €578 | -€13,668 | -€14,246 | |
| Financial income | 75/76B | €24 | €136 | +€112 | +456% |
| Recurring financial income | 75 | €24 | €136 | +€112 | +456% |
| Financial charges | 65/66B | €989 | €847 | -€142 | -14.4% |
| Recurring financial charges | 65 | €989 | €847 | -€142 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€386 | -€14,379 | -€13,993 | -3,621% |
| Income taxes | 67/77 | €3 | €5 | +€2 | +44.2% |
| Profit (loss) for the period | 9904 | -€390 | -€14,384 | -€13,994 | -3,589% |
| Profit (loss) for the period to be appropriated | 9905 | -€390 | -€14,384 | -€13,994 | -3,589% |
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 29 October 2026 via checked.be.