HARGOTECH: 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.
HARGOTECH
Largest movements
- Tangible fixed assets -€11,586
no longer reported in 2025 (was €11,586)
- Cash +€7,277
up €7,277 (+357.6%), from €2,035 to €9,312
mainly Investment in fixed assets (net) (+€11,586) and Receivables within one year (+€1,656)
- Receivables within one year -€1,656
down €1,656 (-61.8%), from €2,678 to €1,022
of which Trade receivables: -€1,575
- Stocks and contracts -€1,150
down €1,150 (-58.4%), from €1,969 to €819
- Formation expenses -€315
down €315 (-50.4%), from €625 to €310
- Debts after one year -€6,973
down €6,973 (-57.0%), from €12,242 to €5,269
- Trade debts -€1,930
down €1,930 (-88.9%), from €2,171 to €241
- Profit (loss) carried forward +€1,414
up €1,414 (+16.8%), from -€8,434 to -€7,019
- Gross operating margin +€4,728
up €4,728, from -€1,562 to €3,166
- Depreciation -€1,665
down €1,665 (-84.1%), from €1,979 to €315
- Financial charges -€90
down €90 (-9.1%), from €988 to €899
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 | €18,894 | €11,464 | -€7,429 | -39.3% |
| Formation expenses | 20 | €625 | €310 | -€315 | -50.4% |
| Fixed assets | 21/28 | €11,586 | - | -€11,586 | |
| Tangible fixed assets | 22/27 | €11,586 | - | -€11,586 | |
| Plant, machinery and equipment | 23 | €11,586 | - | -€11,586 | |
| Current assets | 29/58 | €6,682 | €11,154 | +€4,472 | +66.9% |
| Stocks and contracts in progress | 3 | €1,969 | €819 | -€1,150 | -58.4% |
| Stocks | 30/36 | €1,969 | €819 | -€1,150 | -58.4% |
| Amounts receivable within one year | 40/41 | €2,678 | €1,022 | -€1,656 | -61.8% |
| Trade receivables | 40 | €2,324 | €749 | -€1,575 | -67.8% |
| Other amounts receivable | 41 | €355 | €274 | -€81 | -22.8% |
| Cash at bank and in hand | 54/58 | €2,035 | €9,312 | +€7,277 | +357.6% |
| Total equity and liabilities | 10/49 | €18,894 | €11,464 | -€7,429 | -39.3% |
| Equity | 10/15 | -€2,434 | -€1,019 | +€1,414 | +58.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,434 | -€7,019 | +€1,414 | +16.8% |
| Amounts payable | 17/49 | €21,327 | €12,483 | -€8,844 | -41.5% |
| Amounts payable after more than one year | 17 | €12,242 | €5,269 | -€6,973 | -57.0% |
| Financial debts | 170/4 | €12,242 | €5,269 | -€6,973 | -57.0% |
| Amounts payable within one year | 42/48 | €9,085 | €7,215 | -€1,871 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €6,914 | €6,973 | +€59 | +0.9% |
| Trade debts | 44 | €2,171 | €241 | -€1,930 | -88.9% |
| Suppliers | 440/4 | €2,171 | €241 | -€1,930 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,979 | €315 | -€1,665 | -84.1% |
| Other operating charges | 640/8 | €535 | €538 | +€3 | +0.5% |
| Gross operating margin | 9900 | -€1,562 | €3,166 | +€4,728 | |
| Operating profit (loss) | 9901 | -€4,077 | €2,313 | +€6,390 | |
| Financial charges | 65/66B | €988 | €899 | -€90 | -9.1% |
| Recurring financial charges | 65 | €988 | €899 | -€90 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,065 | €1,414 | +€6,480 | |
| Profit (loss) for the period | 9904 | -€5,065 | €1,414 | +€6,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,065 | €1,414 | +€6,480 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.