HARDI: 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.
HARDI
Largest movements
- Receivables within one year -€6,233
down €6,233 (-50.8%), from €12,261 to €6,028
of which Trade receivables: -€7,507
- Cash -€5,154
down €5,154 (-85.6%), from €6,023 to €869
mainly Net result for the year (-€9,843) and Investment in fixed assets (net) (-€3,817)
- Tangible fixed assets +€3,482
new in 2026: €3,482
of which Furniture and vehicles: +€2,304
- Profit (loss) carried forward -€9,843
down €9,843 (-76.5%), from €12,873 to €3,030
- Other debts +€1,810
new in 2026: €1,810
- Trade debts -€733
down €733 (-68.2%), from €1,075 to €342
- Tax, wage and social debts +€560
up €560 (+16.8%), from €3,337 to €3,897
- Contributions +€300
up €300 (+30.0%), from €1,000 to €1,300
- Purchases and services +€305,552
new in 2026: €305,552
- Turnover +€294,548
new in 2026: €294,548
- Gross operating margin -€19,451
down €19,451, from €16,599 to -€2,852
- Other operating charges +€3,218
up €3,218 (+853%), from €377 to €3,595
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,285 | €10,379 | -€7,906 | -43.2% |
| Fixed assets | 21/28 | - | €3,482 | +€3,482 | |
| Tangible fixed assets | 22/27 | - | €3,482 | +€3,482 | |
| Furniture and vehicles | 24 | - | €2,304 | +€2,304 | |
| Leasing and similar rights | 25 | - | €1,177 | +€1,177 | |
| Current assets | 29/58 | €18,285 | €6,898 | -€11,387 | -62.3% |
| Amounts receivable within one year | 40/41 | €12,261 | €6,028 | -€6,233 | -50.8% |
| Trade receivables | 40 | €11,207 | €3,700 | -€7,507 | -67.0% |
| Other amounts receivable | 41 | €1,054 | €2,328 | +€1,274 | +121% |
| Cash at bank and in hand | 54/58 | €6,023 | €869 | -€5,154 | -85.6% |
| Total equity and liabilities | 10/49 | €18,285 | €10,379 | -€7,906 | -43.2% |
| Equity | 10/15 | €13,873 | €4,330 | -€9,543 | -68.8% |
| Contributions | 10/11 | €1,000 | €1,300 | +€300 | +30.0% |
| Profit (loss) carried forward | 14 | €12,873 | €3,030 | -€9,843 | -76.5% |
| Amounts payable | 17/49 | €4,412 | €6,049 | +€1,637 | +37.1% |
| Amounts payable within one year | 42/48 | €4,412 | €6,049 | +€1,637 | +37.1% |
| Trade debts | 44 | €1,075 | €342 | -€733 | -68.2% |
| Suppliers | 440/4 | €1,075 | €342 | -€733 | -68.2% |
| Taxes, remuneration and social security | 45 | €3,337 | €3,897 | +€560 | +16.8% |
| Taxes | 450/3 | €3,337 | €3,897 | +€560 | +16.8% |
| Other amounts payable | 47/48 | - | €1,810 | +€1,810 | |
| Turnover | 70 | - | €294,548 | +€294,548 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €305,552 | +€305,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €335 | +€335 | |
| Other operating charges | 640/8 | €377 | €3,595 | +€3,218 | +853% |
| Gross operating margin | 9900 | €16,599 | -€2,852 | -€19,451 | |
| Operating profit (loss) | 9901 | €16,222 | -€6,782 | -€23,004 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12 | €1,501 | +€1,489 | +11,947% |
| Recurring financial charges | 65 | €12 | €1,501 | +€1,489 | +11,947% |
| Profit (loss) for the period before taxes | 9903 | €16,210 | -€8,283 | -€24,493 | |
| Income taxes | 67/77 | €3,337 | €1,559 | -€1,778 | -53.3% |
| Profit (loss) for the period | 9904 | €12,873 | -€9,843 | -€22,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,873 | -€9,843 | -€22,715 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.