Hardy Immo: 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.
Hardy Immo
Largest movements
- Cash -€99,477
down €99,477 (-87.5%), from €113,699 to €14,222
mainly Receivables within one year (-€99,170) and Debts after one year (-€28,661)
- Receivables within one year +€99,170
new in 2025: €99,170
- Tangible fixed assets -€66,875
down €66,875 (-2.5%), from €2.7m to €2.6m
- Debts after one year -€28,661
down €28,661 (-1.0%), from €2.9m to €2.8m
- Gross operating margin +€106,911
up €106,911 (+134.3%), from €79,590 to €186,500
- Financial charges +€51,899
up €51,899 (+75.5%), from €68,746 to €120,645
- Depreciation -€42,408
down €42,408 (-38.8%), from €109,283 to €66,875
- Other operating charges +€9,069
up €9,069 (+92.7%), from €9,788 to €18,858
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 | €2,806,961 | €2,739,796 | -€67,164 | -2.4% |
| Fixed assets | 21/28 | €2,690,717 | €2,623,842 | -€66,875 | -2.5% |
| Tangible fixed assets | 22/27 | €2,690,717 | €2,623,842 | -€66,875 | -2.5% |
| Land and buildings | 22 | €2,690,717 | €2,623,842 | -€66,875 | -2.5% |
| Current assets | 29/58 | €116,244 | €115,955 | -€289 | -0.2% |
| Amounts receivable within one year | 40/41 | - | €99,170 | +€99,170 | |
| Other amounts receivable | 41 | - | €99,170 | +€99,170 | |
| Cash at bank and in hand | 54/58 | €113,699 | €14,222 | -€99,477 | -87.5% |
| Deferred charges and accrued income | 490/1 | €2,545 | €2,562 | +€17 | +0.7% |
| Total equity and liabilities | 10/49 | €2,806,961 | €2,739,796 | -€67,164 | -2.4% |
| Equity | 10/15 | -€93,228 | -€113,011 | -€19,783 | -21.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,228 | -€128,011 | -€19,783 | -18.3% |
| Amounts payable | 17/49 | €2,900,188 | €2,852,807 | -€47,381 | -1.6% |
| Amounts payable after more than one year | 17 | €2,863,640 | €2,834,979 | -€28,661 | -1.0% |
| Financial debts | 170/4 | €2,863,640 | €2,834,979 | -€28,661 | -1.0% |
| Amounts payable within one year | 42/48 | €15,382 | €1,161 | -€14,220 | -92.4% |
| Trade debts | 44 | €15,276 | €1,161 | -€14,115 | -92.4% |
| Suppliers | 440/4 | €15,276 | €1,161 | -€14,115 | -92.4% |
| Other amounts payable | 47/48 | €106 | €0 | -€106 | -100.0% |
| Accrued charges and deferred income | 492/3 | €21,167 | €16,667 | -€4,500 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,283 | €66,875 | -€42,408 | -38.8% |
| Other operating charges | 640/8 | €9,788 | €18,858 | +€9,069 | +92.7% |
| Gross operating margin | 9900 | €79,590 | €186,500 | +€106,911 | +134.3% |
| Operating profit (loss) | 9901 | -€39,482 | €100,767 | +€140,249 | |
| Financial income | 75/76B | - | €95 | +€95 | |
| Recurring financial income | 75 | - | €95 | +€95 | |
| Financial charges | 65/66B | €68,746 | €120,645 | +€51,899 | +75.5% |
| Recurring financial charges | 65 | €68,746 | €120,645 | +€51,899 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | -€108,228 | -€19,783 | +€88,444 | +81.7% |
| Profit (loss) for the period | 9904 | -€108,228 | -€19,783 | +€88,444 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,228 | -€19,783 | +€88,444 | +81.7% |
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 10 October 2026 via checked.be.