HARDIES: 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.
HARDIES
Largest movements
- Stocks and contracts -€25,294
no longer reported in 2025 (was €25,294)
- Deferred charges and accrued income -€13,569
no longer reported in 2025 (was €13,569)
- Receivables within one year -€2,008
down €2,008 (-84.3%), from €2,381 to €373
of which Trade receivables: -€2,381
- Profit (loss) carried forward -€35,874
down €35,874 (-60.4%), from €59,388 to €23,515
- Trade debts -€3,596
down €3,596 (-92.8%), from €3,874 to €279
- Gross operating margin -€26,914
down €26,914 (-311%), from -€8,643 to -€35,557
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 | €98,498 | €57,299 | -€41,199 | -41.8% |
| Fixed assets | 21/28 | €2,100 | €2,100 | = | 0.0% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €96,398 | €55,199 | -€41,199 | -42.7% |
| Stocks and contracts in progress | 3 | €25,294 | - | -€25,294 | |
| Stocks | 30/36 | €25,294 | - | -€25,294 | |
| Amounts receivable within one year | 40/41 | €2,381 | €373 | -€2,008 | -84.3% |
| Trade receivables | 40 | €2,381 | - | -€2,381 | |
| Other amounts receivable | 41 | - | €373 | +€373 | |
| Current investments | 50/53 | €53,790 | €53,790 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,364 | €1,036 | -€328 | -24.0% |
| Deferred charges and accrued income | 490/1 | €13,569 | - | -€13,569 | |
| Total equity and liabilities | 10/49 | €98,498 | €57,299 | -€41,199 | -41.8% |
| Equity | 10/15 | €79,894 | €44,020 | -€35,874 | -44.9% |
| Contributions | 10/11 | €18,642 | €18,642 | = | 0.0% |
| Reserves | 13 | €1,864 | €1,864 | = | 0.0% |
| Distributable reserves | 133 | €1,864 | €1,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,388 | €23,515 | -€35,874 | -60.4% |
| Amounts payable | 17/49 | €18,603 | €13,278 | -€5,325 | -28.6% |
| Amounts payable within one year | 42/48 | €18,603 | €13,278 | -€5,325 | -28.6% |
| Trade debts | 44 | €3,874 | €279 | -€3,596 | -92.8% |
| Suppliers | 440/4 | €3,874 | €279 | -€3,596 | -92.8% |
| Taxes, remuneration and social security | 45 | €773 | - | -€773 | |
| Taxes | 450/3 | €773 | - | -€773 | |
| Other amounts payable | 47/48 | €13,956 | €13,000 | -€957 | -6.9% |
| Non-recurring operating income | 76A | - | €5,455 | +€5,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194 | - | -€194 | |
| Other operating charges | 640/8 | €227 | €120 | -€107 | -47.1% |
| Gross operating margin | 9900 | -€8,643 | -€35,557 | -€26,914 | -311% |
| Operating profit (loss) | 9901 | -€9,064 | -€35,677 | -€26,613 | -294% |
| Financial charges | 65/66B | €291 | €197 | -€94 | -32.3% |
| Recurring financial charges | 65 | €291 | €197 | -€94 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,354 | -€35,874 | -€26,519 | -283% |
| Profit (loss) for the period | 9904 | -€9,354 | -€35,874 | -€26,519 | -283% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,354 | -€35,874 | -€26,519 | -283% |
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 16 October 2026 via checked.be.