HAERTJENS: 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.
HAERTJENS
Largest movements
- Cash -€4,551
down €4,551 (-65.2%), from €6,984 to €2,434
mainly Net result for the year (-€8,952) and Other debts (-€980)
- Tangible fixed assets -€2,725
down €2,725 (-19.3%), from €14,087 to €11,362
- Receivables within one year -€2,428
down €2,428 (-75.3%), from €3,225 to €797
of which Other amounts receivable: -€2,428
- Profit (loss) carried forward -€8,952
down €8,952 (-483%), from -€1,854 to -€10,806
- Other debts -€980
down €980 (-46.5%), from €2,107 to €1,127
- Trade debts +€319
up €319 (+32.5%), from €981 to €1,299
- Gross operating margin -€10,393
down €10,393, from €4,663 to -€5,730
- Depreciation -€950
down €950 (-25.9%), from €3,675 to €2,725
- Financial charges -€159
down €159 (-68.8%), from €231 to €72
- Other operating charges +€118
up €118 (+38.3%), from €307 to €425
- Taxes -€74
down €74 (-100%), from €74 to €0
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 | €24,356 | €14,652 | -€9,704 | -39.8% |
| Fixed assets | 21/28 | €14,087 | €11,362 | -€2,725 | -19.3% |
| Tangible fixed assets | 22/27 | €14,087 | €11,362 | -€2,725 | -19.3% |
| Plant, machinery and equipment | 23 | €3,598 | €2,638 | -€959 | -26.7% |
| Furniture and vehicles | 24 | €6,699 | €5,561 | -€1,139 | -17.0% |
| Other tangible fixed assets | 26 | €3,790 | €3,164 | -€627 | -16.5% |
| Current assets | 29/58 | €10,269 | €3,290 | -€6,979 | -68.0% |
| Amounts receivable within one year | 40/41 | €3,225 | €797 | -€2,428 | -75.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,225 | €797 | -€2,428 | -75.3% |
| Cash at bank and in hand | 54/58 | €6,984 | €2,434 | -€4,551 | -65.2% |
| Deferred charges and accrued income | 490/1 | €60 | €60 | = | 0.0% |
| Total equity and liabilities | 10/49 | €24,356 | €14,652 | -€9,704 | -39.8% |
| Equity | 10/15 | €20,250 | €11,298 | -€8,952 | -44.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,503 | €3,503 | = | 0.0% |
| Distributable reserves | 133 | €3,503 | €3,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,854 | -€10,806 | -€8,952 | -483% |
| Amounts payable | 17/49 | €4,107 | €3,355 | -€752 | -18.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,107 | €3,355 | -€752 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €981 | €1,299 | +€319 | +32.5% |
| Suppliers | 440/4 | €981 | €1,299 | +€319 | +32.5% |
| Taxes, remuneration and social security | 45 | €1,019 | €928 | -€90 | -8.9% |
| Taxes | 450/3 | €1,019 | €928 | -€90 | -8.9% |
| Other amounts payable | 47/48 | €2,107 | €1,127 | -€980 | -46.5% |
| Non-recurring operating income | 76A | €10,120 | €0 | -€10,120 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,675 | €2,725 | -€950 | -25.9% |
| Other operating charges | 640/8 | €307 | €425 | +€118 | +38.3% |
| Gross operating margin | 9900 | €4,663 | -€5,730 | -€10,393 | |
| Operating profit (loss) | 9901 | €681 | -€8,880 | -€9,561 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €231 | €72 | -€159 | -68.8% |
| Recurring financial charges | 65 | €231 | €72 | -€159 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €450 | -€8,952 | -€9,402 | |
| Income taxes | 67/77 | €74 | €0 | -€74 | -100% |
| Profit (loss) for the period | 9904 | €376 | -€8,952 | -€9,328 | |
| Profit (loss) for the period to be appropriated | 9905 | €376 | -€8,952 | -€9,328 |
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.