HARDHOUTHANDEL: 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.
What changed
HARDHOUTHANDEL
NACE 46.832, Wholesale of timber
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€24,695
2024 · €28,745-€53,439
Equity
€1.3m
2024 · €1.3m-€24,695
Cash
€11,150
2024 · €4,946+€6,204
Balance sheet total
€3.3m
2024 · €3.2m+€152,067
Largest movements
Assets
- Stocks and contracts +€206,896
up €206,896 (+20.8%), from €995,150 to €1.2m
- Receivables within one year -€87,472
down €87,472 (-58.7%), from €148,944 to €61,472
- Receivables after one year +€73,094
up €73,094 (+4.1%), from €1.8m to €1.9m
- Tangible fixed assets -€48,435
down €48,435 (-23.3%), from €207,548 to €159,114
of which Land and buildings: -€29,087
Equity and liabilities
- Trade debts +€141,423
up €141,423 (+226%), from €62,616 to €204,039
- Short-term financial debts +€50,000
up €50,000 (+7.7%), from €650,000 to €700,000
Income statement
- Gross operating margin -€73,409
down €73,409 (-55.0%), from €133,542 to €60,133
- Financial income +€8,519
up €8,519 (+9.7%), from €87,568 to €96,087
- Taxes -€6,239
down €6,239 (-51.0%), from €12,227 to €5,988
- Financial charges -€4,788
down €4,788 (-3.9%), from €123,881 to €119,093
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.
Result 2024
€28,745
Gross operating margin
-€73,409
Depreciation
+€510
Other operating charges
-€86
Financial income
+€8,519
Financial charges
+€4,788
Taxes
+€6,239
Result 2025
-€24,695
raises the resultlowers the result
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.
From operations
-€24,900
Investment
€0
Financing
+€31,104
Cash 2024
€4,946
From operations (derived)
-€24,900
Net result for the year
-€24,695
Depreciation
+€48,435
Receivables after one year
-€73,094
Stocks and contracts
-€206,896
Receivables within one year
+€87,472
Deferred charges and accrued income
-€1,779
Provisions
-€7,963
Trade debts
+€141,423
Tax, wage and social debts
-€11,334
Other debts
+€25,025
Accrued charges and deferred income
-€1,494
Financing
+€31,104
Debts after one year
-€20,035
Current portion of long-term debt
+€1,139
Short-term financial debts
+€50,000
Cash 2025
€11,150
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,162,543 | €3,314,610 | +€152,067 | +4.8% |
| Fixed assets | 21/28 | €207,548 | €159,114 | -€48,435 | -23.3% |
| Tangible fixed assets | 22/27 | €207,548 | €159,114 | -€48,435 | -23.3% |
| Land and buildings | 22 | €143,870 | €114,783 | -€29,087 | -20.2% |
| Furniture and vehicles | 24 | €107 | - | -€107 | |
| Leasing and similar rights | 25 | €63,571 | €44,331 | -€19,240 | -30.3% |
| Current assets | 29/58 | €2,954,995 | €3,155,496 | +€200,501 | +6.8% |
| Amounts receivable after more than one year | 29 | €1,802,179 | €1,875,273 | +€73,094 | +4.1% |
| Other amounts receivable | 291 | €1,802,179 | €1,875,273 | +€73,094 | +4.1% |
| Stocks and contracts in progress | 3 | €995,150 | €1,202,046 | +€206,896 | +20.8% |
| Stocks | 30/36 | €995,150 | €1,202,046 | +€206,896 | +20.8% |
| Amounts receivable within one year | 40/41 | €148,944 | €61,472 | -€87,472 | -58.7% |
| Trade receivables | 40 | €148,944 | €61,472 | -€87,472 | -58.7% |
| Cash at bank and in hand | 54/58 | €4,946 | €11,150 | +€6,204 | +125% |
| Deferred charges and accrued income | 490/1 | €3,776 | €5,556 | +€1,779 | +47.1% |
| Total equity and liabilities | 10/49 | €3,162,543 | €3,314,610 | +€152,067 | +4.8% |
| Equity | 10/15 | €1,348,966 | €1,324,271 | -€24,695 | -1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,342,766 | €1,318,071 | -€24,695 | -1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,340,906 | €1,316,211 | -€24,695 | -1.8% |
| Provisions and deferred taxes | 16 | €526,518 | €518,554 | -€7,963 | -1.5% |
| Provisions for liabilities and charges | 160/5 | €526,518 | €518,554 | -€7,963 | -1.5% |
| Other liabilities and charges | 164/5 | €526,518 | €518,554 | -€7,963 | -1.5% |
| Amounts payable | 17/49 | €1,287,060 | €1,471,784 | +€184,724 | +14.4% |
| Amounts payable after more than one year | 17 | €420,786 | €400,751 | -€20,035 | -4.8% |
| Financial debts | 170/4 | €420,786 | €400,751 | -€20,035 | -4.8% |
| Amounts payable within one year | 42/48 | €864,780 | €1,071,034 | +€206,253 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €18,896 | €20,035 | +€1,139 | +6.0% |
| Financial debts | 43 | €650,000 | €700,000 | +€50,000 | +7.7% |
| Credit institutions | 430/8 | €650,000 | €700,000 | +€50,000 | +7.7% |
| Trade debts | 44 | €62,616 | €204,039 | +€141,423 | +226% |
| Suppliers | 440/4 | €62,616 | €204,039 | +€141,423 | +226% |
| Taxes, remuneration and social security | 45 | €24,774 | €13,439 | -€11,334 | -45.8% |
| Taxes | 450/3 | €24,774 | €13,439 | -€11,334 | -45.8% |
| Other amounts payable | 47/48 | €108,495 | €133,520 | +€25,025 | +23.1% |
| Accrued charges and deferred income | 492/3 | €1,494 | - | -€1,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,945 | €48,435 | -€510 | -1.0% |
| Other operating charges | 640/8 | €7,313 | €7,399 | +€86 | +1.2% |
| Gross operating margin | 9900 | €133,542 | €60,133 | -€73,409 | -55.0% |
| Operating profit (loss) | 9901 | €77,285 | €4,299 | -€72,985 | -94.4% |
| Financial income | 75/76B | €87,568 | €96,087 | +€8,519 | +9.7% |
| Recurring financial income | 75 | €87,568 | €96,087 | +€8,519 | +9.7% |
| Financial charges | 65/66B | €123,881 | €119,093 | -€4,788 | -3.9% |
| Recurring financial charges | 65 | €123,881 | €119,093 | -€4,788 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €40,972 | -€18,706 | -€59,678 | |
| Income taxes | 67/77 | €12,227 | €5,988 | -€6,239 | -51.0% |
| Profit (loss) for the period | 9904 | €28,745 | -€24,695 | -€53,439 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,745 | -€24,695 | -€53,439 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.