HARDY PROPERTIES: 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.
HARDY PROPERTIES
Largest movements
- Receivables within one year -€48,796
down €48,796 (-99.5%), from €49,037 to €240
of which Trade receivables: -€36,000
- Cash +€46,782
up €46,782 (+242.6%), from €19,286 to €66,068
mainly Receivables within one year (+€48,796) and Net result for the year (+€33,754)
- Tangible fixed assets -€7,770
down €7,770 (-3.8%), from €203,754 to €195,985
of which Other tangible fixed assets: -€6,088
- Profit (loss) carried forward +€10,215
up €10,215 (+34.5%), from €29,640 to €39,855
- Other debts -€8,539
down €8,539 (-23.3%), from €36,610 to €28,071
- Debts after one year -€7,112
down €7,112 (-3.8%), from €186,635 to €179,523
- Tax, wage and social debts -€3,762
down €3,762 (-51.1%), from €7,362 to €3,600
of which Remuneration and social security: -€2,300
- Trade debts -€3,050
down €3,050 (-63.4%), from €4,812 to €1,762
- Gross operating margin -€7,614
down €7,614 (-11.0%), from €69,421 to €61,807
- Financial charges -€1,040
down €1,040 (-11.6%), from €8,980 to €7,939
- Taxes -€742
down €742 (-6.8%), from €10,869 to €10,127
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 | €275,634 | €265,008 | -€10,626 | -3.9% |
| Formation expenses | 20 | €94 | - | -€94 | |
| Fixed assets | 21/28 | €204,009 | €196,240 | -€7,770 | -3.8% |
| Tangible fixed assets | 22/27 | €203,754 | €195,985 | -€7,770 | -3.8% |
| Land and buildings | 22 | €40,000 | €40,000 | = | 0.0% |
| Furniture and vehicles | 24 | €4,477 | €2,795 | -€1,682 | -37.6% |
| Other tangible fixed assets | 26 | €159,277 | €153,189 | -€6,088 | -3.8% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €71,531 | €68,768 | -€2,762 | -3.9% |
| Amounts receivable within one year | 40/41 | €49,037 | €240 | -€48,796 | -99.5% |
| Trade receivables | 40 | €36,000 | - | -€36,000 | |
| Other amounts receivable | 41 | €13,037 | €240 | -€12,796 | -98.2% |
| Cash at bank and in hand | 54/58 | €19,286 | €66,068 | +€46,782 | +242.6% |
| Deferred charges and accrued income | 490/1 | €3,207 | €2,460 | -€748 | -23.3% |
| Total equity and liabilities | 10/49 | €275,634 | €265,008 | -€10,626 | -3.9% |
| Equity | 10/15 | €31,140 | €41,365 | +€10,225 | +32.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €10 | +€10 | |
| Tax-exempt reserves | 132 | - | €10 | +€10 | |
| Profit (loss) carried forward | 14 | €29,640 | €39,855 | +€10,215 | +34.5% |
| Amounts payable | 17/49 | €244,494 | €223,643 | -€20,851 | -8.5% |
| Amounts payable after more than one year | 17 | €186,635 | €179,523 | -€7,112 | -3.8% |
| Financial debts | 170/4 | €186,635 | €179,523 | -€7,112 | -3.8% |
| Amounts payable within one year | 42/48 | €55,605 | €40,544 | -€15,061 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €6,822 | €7,112 | +€290 | +4.3% |
| Trade debts | 44 | €4,812 | €1,762 | -€3,050 | -63.4% |
| Suppliers | 440/4 | €4,812 | €1,762 | -€3,050 | -63.4% |
| Taxes, remuneration and social security | 45 | €7,362 | €3,600 | -€3,762 | -51.1% |
| Taxes | 450/3 | €5,062 | €3,600 | -€1,462 | -28.9% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | €36,610 | €28,071 | -€8,539 | -23.3% |
| Accrued charges and deferred income | 492/3 | €2,254 | €3,576 | +€1,322 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,452 | €8,176 | -€277 | -3.3% |
| Other operating charges | 640/8 | €1,821 | €1,998 | +€176 | +9.7% |
| Gross operating margin | 9900 | €69,421 | €61,807 | -€7,614 | -11.0% |
| Operating profit (loss) | 9901 | €59,148 | €51,634 | -€7,514 | -12.7% |
| Financial income | 75/76B | €173 | €187 | +€14 | +8.1% |
| Recurring financial income | 75 | €173 | €187 | +€14 | +8.1% |
| Financial charges | 65/66B | €8,980 | €7,939 | -€1,040 | -11.6% |
| Recurring financial charges | 65 | €8,980 | €7,939 | -€1,040 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €50,341 | €43,882 | -€6,459 | -12.8% |
| Income taxes | 67/77 | €10,869 | €10,127 | -€742 | -6.8% |
| Profit (loss) for the period | 9904 | €39,472 | €33,754 | -€5,718 | -14.5% |
| Transfer to tax-exempt reserves | 689 | - | €10 | +€10 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,472 | €33,745 | -€5,728 | -14.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.