HARDEL&C°: 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.
HARDEL&C°
Largest movements
- Receivables within one year -€29,418
down €29,418 (-22.2%), from €132,655 to €103,237
- Tangible fixed assets -€2,952
down €2,952 (-45.5%), from €6,483 to €3,531
- Cash +€1,704
up €1,704 (+33.2%), from €5,127 to €6,831
mainly Receivables within one year (+€29,418) and Debts within one year (+€25,635)
- Profit (loss) carried forward -€56,300
down €56,300 (-20.7%), from -€272,318 to -€328,618
- Debts within one year +€25,635
up €25,635 (+6.4%), from €397,740 to €423,375
of which Other debts: +€256,428
- Turnover -€77,834
no longer reported in 2020 (was €77,834)
- Gross operating margin -€35,680
down €35,680 (-816.5%), from -€4,370 to -€40,050
- Other operating charges +€10,981
new in 2020: €10,981
- Financial charges +€2,319
new in 2020: €2,319
- Depreciation -€1,755
down €1,755 (-37.3%), from €4,706 to €2,951
From the 2019 result to the 2020 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.
Cash bridge derived
Derived from the 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,622 | €119,957 | -€30,665 | -20.4% |
| Fixed assets | 21/28 | €6,483 | €3,531 | -€2,952 | -45.5% |
| Tangible fixed assets | 22/27 | €6,483 | €3,531 | -€2,952 | -45.5% |
| Plant, machinery and equipment | 23 | - | €1,490 | +€1,490 | |
| Furniture and vehicles | 24 | - | €2,041 | +€2,041 | |
| Current assets | 29/58 | €144,139 | €116,425 | -€27,714 | -19.2% |
| Stocks and contracts in progress | 3 | €6,357 | €6,357 | +€0 | 0.0% |
| Stocks | 30/36 | - | €6,357 | +€6,357 | |
| Amounts receivable within one year | 40/41 | €132,655 | €103,237 | -€29,418 | -22.2% |
| Trade receivables | 40 | - | €93,371 | +€93,371 | |
| Other amounts receivable | 41 | - | €9,866 | +€9,866 | |
| Cash at bank and in hand | 54/58 | €5,127 | €6,831 | +€1,704 | +33.2% |
| Total equity and liabilities | 10/49 | €150,622 | €119,957 | -€30,665 | -20.4% |
| Equity | 10/15 | -€247,118 | -€303,418 | -€56,300 | -22.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €200 | +€200 | |
| Reserves not available under the articles | 1311 | - | €200 | +€200 | |
| Profit (loss) carried forward | 14 | -€272,318 | -€328,618 | -€56,300 | -20.7% |
| Amounts payable | 17/49 | €397,740 | €423,375 | +€25,635 | +6.4% |
| Amounts payable within one year | 42/48 | €397,740 | €423,375 | +€25,635 | +6.4% |
| Financial debts | 43 | - | €1,157 | +€1,157 | |
| Credit institutions | 430/8 | - | €1,157 | +€1,157 | |
| Trade debts | 44 | €142,810 | €165,777 | +€22,967 | +16.1% |
| Suppliers | 440/4 | - | €165,777 | +€165,777 | |
| Taxes, remuneration and social security | 45 | - | €14 | +€14 | |
| Taxes | 450/3 | - | €14 | +€14 | |
| Other amounts payable | 47/48 | - | €256,428 | +€256,428 | |
| Turnover | 70 | €77,834 | - | -€77,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,706 | €2,951 | -€1,755 | -37.3% |
| Other operating charges | 640/8 | - | €10,981 | +€10,981 | |
| Gross operating margin | 9900 | -€4,370 | -€40,050 | -€35,680 | -816.5% |
| Operating profit (loss) | 9901 | -€11,155 | -€53,983 | -€42,828 | -383.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €2,319 | +€2,319 | |
| Recurring financial charges | 65 | €421 | €2,319 | +€1,898 | +450.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,817 | -€56,300 | -€44,483 | -376.4% |
| Profit (loss) for the period | 9904 | -€11,817 | -€56,300 | -€44,483 | -376.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,817 | -€56,300 | -€44,483 | -376.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.