HARDYSIGN: 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.
HARDYSIGN
Largest movements
- Tangible fixed assets -€6,282
down €6,282 (-38.3%), from €16,390 to €10,108
of which Assets under construction and advance payments: -€4,000
- Cash +€4,925
up €4,925 (+719%), from €685 to €5,609
mainly Other debts (+€14,057) and Investment in fixed assets (net) (+€4,000)
- Deferred charges and accrued income -€1,458
down €1,458 (-60.6%), from €2,406 to €948
- Profit (loss) carried forward -€16,514
down €16,514 (-22.9%), from -€71,995 to -€88,509
- Other debts +€14,057
up €14,057 (+21.7%), from €64,925 to €78,982
- Trade debts +€1,978
up €1,978 (+28.6%), from €6,912 to €8,890
- Short-term financial debts -€1,481
no longer reported in 2025 (was €1,481)
- Tax, wage and social debts -€669
down €669 (-20.1%), from €3,326 to €2,658
- Other operating charges +€16,979
up €16,979 (+4,384%), from €387 to €17,367
- Gross operating margin +€10,343
up €10,343, from -€6,170 to €4,173
- Depreciation -€823
down €823 (-26.5%), from €3,105 to €2,282
- Taxes -€290
down €290 (-48.7%), from €596 to €306
- Financial charges +€161
up €161 (+28.2%), from €572 to €733
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.
Derived cash bridge
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 | €25,109 | €22,481 | -€2,628 | -10.5% |
| Fixed assets | 21/28 | €16,390 | €10,108 | -€6,282 | -38.3% |
| Tangible fixed assets | 22/27 | €16,390 | €10,108 | -€6,282 | -38.3% |
| Land and buildings | 22 | €7,583 | €5,795 | -€1,788 | -23.6% |
| Furniture and vehicles | 24 | €807 | €313 | -€494 | -61.2% |
| Assets under construction and advance payments | 27 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Current assets | 29/58 | €8,719 | €12,372 | +€3,654 | +41.9% |
| Amounts receivable within one year | 40/41 | €5,628 | €5,815 | +€187 | +3.3% |
| Trade receivables | 40 | €5,628 | €5,815 | +€187 | +3.3% |
| Cash at bank and in hand | 54/58 | €685 | €5,609 | +€4,925 | +719% |
| Deferred charges and accrued income | 490/1 | €2,406 | €948 | -€1,458 | -60.6% |
| Total equity and liabilities | 10/49 | €25,109 | €22,481 | -€2,628 | -10.5% |
| Equity | 10/15 | -€51,535 | -€68,049 | -€16,514 | -32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,995 | -€88,509 | -€16,514 | -22.9% |
| Amounts payable | 17/49 | €76,644 | €90,530 | +€13,886 | +18.1% |
| Amounts payable within one year | 42/48 | €76,644 | €90,530 | +€13,886 | +18.1% |
| Financial debts | 43 | €1,481 | - | -€1,481 | |
| Credit institutions | 430/8 | €1,481 | - | -€1,481 | |
| Trade debts | 44 | €6,912 | €8,890 | +€1,978 | +28.6% |
| Suppliers | 440/4 | €6,912 | €8,890 | +€1,978 | +28.6% |
| Taxes, remuneration and social security | 45 | €3,326 | €2,658 | -€669 | -20.1% |
| Taxes | 450/3 | €3,326 | €2,658 | -€669 | -20.1% |
| Other amounts payable | 47/48 | €64,925 | €78,982 | +€14,057 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,105 | €2,282 | -€823 | -26.5% |
| Other operating charges | 640/8 | €387 | €17,367 | +€16,979 | +4,384% |
| Gross operating margin | 9900 | -€6,170 | €4,173 | +€10,343 | |
| Operating profit (loss) | 9901 | -€9,662 | -€15,475 | -€5,813 | -60.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €572 | €733 | +€161 | +28.2% |
| Recurring financial charges | 65 | €572 | €733 | +€161 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,233 | -€16,208 | -€5,975 | -58.4% |
| Income taxes | 67/77 | €596 | €306 | -€290 | -48.7% |
| Profit (loss) for the period | 9904 | -€10,830 | -€16,514 | -€5,684 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,830 | -€16,514 | -€5,684 | -52.5% |
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 14 October 2026 via checked.be.