HARDSOFT: what changed
Two fiscal 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.
HARDSOFT
Largest movements
- Current investments +€18,295
up €18,295 (+45.6%), from €40,086 to €58,381
- Receivables within one year -€5,719
down €5,719 (-30.0%), from €19,089 to €13,371
of which Trade receivables: -€5,299
- Tangible fixed assets -€2,214
down €2,214 (-36.9%), from €6,007 to €3,793
- Cash +€1,229
up €1,229 (+3.7%), from €33,038 to €34,267
mainly Net result for the year (+€31,262) and Other debts (+€23,815)
- Accrued charges and deferred income -€24,377
no longer reported in 2025 (was €24,377)
- Other debts +€23,815
up €23,815 (+36.8%), from €64,789 to €88,604
- Tax, wage and social debts +€12,097
up €12,097 (+133.7%), from €9,050 to €21,147
- Taxes +€834
up €834 (+7.2%), from €11,611 to €12,445
- Depreciation -€552
down €552 (-12.1%), from €4,582 to €4,030
- Gross operating margin -€531
down €531 (-1.1%), from €48,447 to €47,916
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.
Cash bridge derived
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 | €99,339 | €111,464 | +€12,125 | +12.2% |
| Fixed assets | 21/28 | €6,007 | €3,793 | -€2,214 | -36.9% |
| Tangible fixed assets | 22/27 | €6,007 | €3,793 | -€2,214 | -36.9% |
| Furniture and vehicles | 24 | €6,007 | €3,793 | -€2,214 | -36.9% |
| Current assets | 29/58 | €93,333 | €107,672 | +€14,339 | +15.4% |
| Amounts receivable within one year | 40/41 | €19,089 | €13,371 | -€5,719 | -30.0% |
| Trade receivables | 40 | €18,669 | €13,371 | -€5,299 | -28.4% |
| Other amounts receivable | 41 | €420 | - | -€420 | |
| Current investments | 50/53 | €40,086 | €58,381 | +€18,295 | +45.6% |
| Cash at bank and in hand | 54/58 | €33,038 | €34,267 | +€1,229 | +3.7% |
| Deferred charges and accrued income | 490/1 | €1,119 | €1,653 | +€534 | +47.7% |
| Total equity and liabilities | 10/49 | €99,339 | €111,464 | +€12,125 | +12.2% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €98,339 | €110,464 | +€12,125 | +12.3% |
| Amounts payable within one year | 42/48 | €73,962 | €110,464 | +€36,502 | +49.4% |
| Financial debts | 43 | - | €145 | +€145 | |
| Credit institutions | 430/8 | - | €145 | +€145 | |
| Trade debts | 44 | €124 | €569 | +€445 | +359.8% |
| Suppliers | 440/4 | €124 | €569 | +€445 | +359.8% |
| Taxes, remuneration and social security | 45 | €9,050 | €21,147 | +€12,097 | +133.7% |
| Taxes | 450/3 | €9,050 | €21,147 | +€12,097 | +133.7% |
| Other amounts payable | 47/48 | €64,789 | €88,604 | +€23,815 | +36.8% |
| Accrued charges and deferred income | 492/3 | €24,377 | - | -€24,377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,582 | €4,030 | -€552 | -12.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €48,447 | €47,916 | -€531 | -1.1% |
| Operating profit (loss) | 9901 | €43,477 | €43,486 | +€9 | 0.0% |
| Financial income | 75/76B | €125 | €421 | +€296 | +237.4% |
| Recurring financial income | 75 | €125 | €421 | +€296 | +237.4% |
| Financial charges | 65/66B | €564 | €200 | -€365 | -64.6% |
| Recurring financial charges | 65 | €564 | €200 | -€365 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €43,037 | €43,708 | +€670 | +1.6% |
| Income taxes | 67/77 | €11,611 | €12,445 | +€834 | +7.2% |
| Profit (loss) for the period | 9904 | €31,426 | €31,262 | -€164 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,426 | €31,262 | -€164 | -0.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.