HARDWARE ELECTRONICS: 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.
HARDWARE ELECTRONICS
Largest movements
- Cash -€23,897
down €23,897 (-7.8%), from €308,172 to €284,276
mainly Other debts (-€13,562) and Tax, wage and social debts (-€10,054)
- Receivables within one year -€4,243
down €4,243 (-52.0%), from €8,165 to €3,922
of which Trade receivables: -€4,497
- Other debts -€13,562
down €13,562 (-66.6%), from €20,367 to €6,804
- Tax, wage and social debts -€10,054
down €10,054 (-93.0%), from €10,808 to €754
of which Remuneration and social security: -€9,828
- Profit (loss) carried forward -€8,746
down €8,746 (-33.8%), from -€25,889 to -€34,635
- Gross operating margin -€10,825
down €10,825, from €4,785 to -€6,040
- Depreciation -€793
down €793 (-19.9%), from €3,988 to €3,195
- Taxes -€85
down €85 (-23.5%), from €362 to €277
- Financial charges -€70
down €70 (-49.9%), from €141 to €71
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 | €323,096 | €291,753 | -€31,343 | -9.7% |
| Fixed assets | 21/28 | €4,718 | €1,523 | -€3,195 | -67.7% |
| Tangible fixed assets | 22/27 | €4,718 | €1,523 | -€3,195 | -67.7% |
| Plant, machinery and equipment | 23 | €3,384 | €878 | -€2,506 | -74.1% |
| Furniture and vehicles | 24 | €1,333 | €645 | -€688 | -51.6% |
| Current assets | 29/58 | €318,378 | €290,230 | -€28,149 | -8.8% |
| Stocks and contracts in progress | 3 | €595 | €622 | +€27 | +4.5% |
| Stocks | 30/36 | €595 | €622 | +€27 | +4.5% |
| Amounts receivable within one year | 40/41 | €8,165 | €3,922 | -€4,243 | -52.0% |
| Trade receivables | 40 | €7,990 | €3,493 | -€4,497 | -56.3% |
| Other amounts receivable | 41 | €175 | €429 | +€254 | +144.9% |
| Cash at bank and in hand | 54/58 | €308,172 | €284,276 | -€23,897 | -7.8% |
| Deferred charges and accrued income | 490/1 | €1,446 | €1,411 | -€36 | -2.5% |
| Total equity and liabilities | 10/49 | €323,096 | €291,753 | -€31,343 | -9.7% |
| Equity | 10/15 | €288,044 | €279,298 | -€8,746 | -3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €295,341 | €295,341 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,800 | €8,800 | = | 0.0% |
| Distributable reserves | 133 | €286,541 | €286,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,889 | -€34,635 | -€8,746 | -33.8% |
| Amounts payable | 17/49 | €35,052 | €12,455 | -€22,597 | -64.5% |
| Amounts payable within one year | 42/48 | €35,052 | €12,455 | -€22,597 | -64.5% |
| Trade debts | 44 | €3,877 | €4,897 | +€1,020 | +26.3% |
| Suppliers | 440/4 | €3,877 | €4,897 | +€1,020 | +26.3% |
| Taxes, remuneration and social security | 45 | €10,808 | €754 | -€10,054 | -93.0% |
| Taxes | 450/3 | €981 | €754 | -€227 | -23.1% |
| Remuneration and social security | 454/9 | €9,828 | - | -€9,828 | |
| Other amounts payable | 47/48 | €20,367 | €6,804 | -€13,562 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,988 | €3,195 | -€793 | -19.9% |
| Other operating charges | 640/8 | €906 | €932 | +€26 | +2.9% |
| Gross operating margin | 9900 | €4,785 | -€6,040 | -€10,825 | |
| Operating profit (loss) | 9901 | -€109 | -€10,167 | -€10,058 | -9233.2% |
| Financial income | 75/76B | €1,797 | €1,768 | -€29 | -1.6% |
| Recurring financial income | 75 | €1,797 | €1,768 | -€29 | -1.6% |
| Financial charges | 65/66B | €141 | €71 | -€70 | -49.9% |
| Recurring financial charges | 65 | €141 | €71 | -€70 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €1,547 | -€8,470 | -€10,017 | |
| Income taxes | 67/77 | €362 | €277 | -€85 | -23.5% |
| Profit (loss) for the period | 9904 | €1,186 | -€8,746 | -€9,932 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,186 | -€8,746 | -€9,932 |
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 9 October 2026 via checked.be.