Hardt: 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.
Hardt
Largest movements
- Current investments -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Cash +€50,329
up €50,329 (+93.1%), from €54,053 to €104,382
mainly Current investments (+€125,000) and Net result for the year (+€72,941)
- Other debts -€128,091
down €128,091 (-91.7%), from €139,695 to €11,605
- Profit (loss) carried forward +€71,275
up €71,275, from €0 to €71,275
- Tax, wage and social debts -€18,094
down €18,094 (-77.6%), from €23,321 to €5,227
- Trade debts +€2,742
up €2,742 (+1654.1%), from €166 to €2,908
- Gross operating margin +€20,669
up €20,669 (+28.3%), from €73,156 to €93,824
- Depreciation -€8,195
down €8,195 (-82.9%), from €9,880 to €1,685
- Taxes +€5,013
up €5,013 (+34.7%), from €14,432 to €19,445
- Financial income +€1,522
up €1,522 (+50748.7%), from €3 to €1,525
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,394 | €109,898 | -€72,496 | -39.7% |
| Fixed assets | 21/28 | €2,284 | €2,795 | +€511 | +22.4% |
| Tangible fixed assets | 22/27 | €2,284 | €2,795 | +€511 | +22.4% |
| Land and buildings | 22 | €810 | €607 | -€203 | -25.0% |
| Furniture and vehicles | 24 | €1,474 | €2,187 | +€714 | +48.4% |
| Current assets | 29/58 | €180,111 | €107,104 | -€73,007 | -40.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €54,053 | €104,382 | +€50,329 | +93.1% |
| Deferred charges and accrued income | 490/1 | €1,058 | €2,722 | +€1,664 | +157.3% |
| Total equity and liabilities | 10/49 | €182,394 | €109,898 | -€72,496 | -39.7% |
| Equity | 10/15 | €18,600 | €89,875 | +€71,275 | +383.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €71,275 | +€71,275 | |
| Amounts payable | 17/49 | €163,794 | €20,023 | -€143,772 | -87.8% |
| Amounts payable within one year | 42/48 | €163,182 | €19,739 | -€143,443 | -87.9% |
| Trade debts | 44 | €166 | €2,908 | +€2,742 | +1654.1% |
| Suppliers | 440/4 | €166 | €2,908 | +€2,742 | +1654.1% |
| Taxes, remuneration and social security | 45 | €23,321 | €5,227 | -€18,094 | -77.6% |
| Taxes | 450/3 | €23,321 | €5,227 | -€18,094 | -77.6% |
| Other amounts payable | 47/48 | €139,695 | €11,605 | -€128,091 | -91.7% |
| Accrued charges and deferred income | 492/3 | €612 | €284 | -€328 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,880 | €1,685 | -€8,195 | -82.9% |
| Other operating charges | 640/8 | €929 | €948 | +€19 | +2.1% |
| Gross operating margin | 9900 | €73,156 | €93,824 | +€20,669 | +28.3% |
| Operating profit (loss) | 9901 | €62,347 | €91,191 | +€28,844 | +46.3% |
| Financial income | 75/76B | €3 | €1,525 | +€1,522 | +50748.7% |
| Recurring financial income | 75 | €3 | €1,525 | +€1,522 | +50748.7% |
| Financial charges | 65/66B | €657 | €330 | -€327 | -49.8% |
| Recurring financial charges | 65 | €657 | €330 | -€327 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €61,693 | €92,387 | +€30,694 | +49.8% |
| Income taxes | 67/77 | €14,432 | €19,445 | +€5,013 | +34.7% |
| Profit (loss) for the period | 9904 | €47,260 | €72,941 | +€25,681 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,260 | €72,941 | +€25,681 | +54.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.