HARDMAN PARTNERS: 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.
HARDMAN PARTNERS
Largest movements
- Receivables within one year +€12,741
up €12,741 (+71.0%), from €17,956 to €30,697
of which Trade receivables: +€12,430
- Cash +€2,740
up €2,740 (+17.4%), from €15,760 to €18,500
mainly Trade debts (+€4,763) and Net result for the year (+€3,914)
- Deferred charges and accrued income -€617
down €617 (-88.4%), from €698 to €81
- Trade debts +€4,763
up €4,763 (+159%), from €2,996 to €7,760
- Profit (loss) carried forward +€3,914
up €3,914 (+28.9%), from €13,555 to €17,469
- Contributions +€3,000
new in 2025: €3,000
- Tax, wage and social debts +€1,969
up €1,969 (+15.0%), from €13,100 to €15,068
of which Taxes: +€1,469
- Other debts +€1,218
up €1,218 (+25.6%), from €4,763 to €5,981
- Other operating charges +€4,400
new in 2025: €4,400
- Gross operating margin -€3,631
down €3,631 (-20.1%), from €18,109 to €14,478
- Staff costs +€1,760
new in 2025: €1,760
- Taxes -€297
down €297 (-6.6%), from €4,518 to €4,221
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 | €34,414 | €49,278 | +€14,864 | +43.2% |
| Current assets | 29/58 | €34,414 | €49,278 | +€14,864 | +43.2% |
| Amounts receivable within one year | 40/41 | €17,956 | €30,697 | +€12,741 | +71.0% |
| Trade receivables | 40 | €17,956 | €30,387 | +€12,430 | +69.2% |
| Other amounts receivable | 41 | - | €311 | +€311 | |
| Cash at bank and in hand | 54/58 | €15,760 | €18,500 | +€2,740 | +17.4% |
| Deferred charges and accrued income | 490/1 | €698 | €81 | -€617 | -88.4% |
| Total equity and liabilities | 10/49 | €34,414 | €49,278 | +€14,864 | +43.2% |
| Equity | 10/15 | €13,555 | €20,469 | +€6,914 | +51.0% |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €13,555 | €17,469 | +€3,914 | +28.9% |
| Amounts payable | 17/49 | €20,859 | €28,809 | +€7,950 | +38.1% |
| Amounts payable within one year | 42/48 | €20,859 | €28,809 | +€7,950 | +38.1% |
| Trade debts | 44 | €2,996 | €7,760 | +€4,763 | +159% |
| Suppliers | 440/4 | €2,996 | €7,760 | +€4,763 | +159% |
| Taxes, remuneration and social security | 45 | €13,100 | €15,068 | +€1,969 | +15.0% |
| Taxes | 450/3 | €13,100 | €14,568 | +€1,469 | +11.2% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €4,763 | €5,981 | +€1,218 | +25.6% |
| Remuneration, social security and pensions | 62 | - | €1,760 | +€1,760 | |
| Other operating charges | 640/8 | - | €4,400 | +€4,400 | |
| Gross operating margin | 9900 | €18,109 | €14,478 | -€3,631 | -20.1% |
| Operating profit (loss) | 9901 | €18,109 | €8,318 | -€9,791 | -54.1% |
| Financial income | 75/76B | €0 | €4 | +€4 | +43,300% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +43,300% |
| Financial charges | 65/66B | €36 | €187 | +€152 | +428% |
| Recurring financial charges | 65 | €36 | €187 | +€152 | +428% |
| Profit (loss) for the period before taxes | 9903 | €18,073 | €8,135 | -€9,938 | -55.0% |
| Income taxes | 67/77 | €4,518 | €4,221 | -€297 | -6.6% |
| Profit (loss) for the period | 9904 | €13,555 | €3,914 | -€9,641 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,555 | €3,914 | -€9,641 | -71.1% |
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 13 October 2026 via checked.be.