HART: 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.
HART
Largest movements
- Receivables within one year +€4,560
up €4,560 (+56.2%), from €8,111 to €12,671
of which Trade receivables: +€4,537
- Cash -€536
down €536 (-28.1%), from €1,905 to €1,369
mainly Receivables within one year (-€4,560)
- Profit (loss) carried forward +€2,610
up €2,610 (+8.4%), from -€31,207 to -€28,597
- Trade debts +€1,396
up €1,396 (+86.4%), from €1,615 to €3,011
- Gross operating margin -€2,969
down €2,969 (-47.0%), from €6,322 to €3,353
- Other operating charges -€262
down €262 (-29.7%), from €882 to €620
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 | €10,016 | €14,040 | +€4,024 | +40.2% |
| Current assets | 29/58 | €10,016 | €14,040 | +€4,024 | +40.2% |
| Amounts receivable within one year | 40/41 | €8,111 | €12,671 | +€4,560 | +56.2% |
| Trade receivables | 40 | €8,000 | €12,537 | +€4,537 | +56.7% |
| Other amounts receivable | 41 | €111 | €134 | +€23 | +20.7% |
| Cash at bank and in hand | 54/58 | €1,905 | €1,369 | -€536 | -28.1% |
| Total equity and liabilities | 10/49 | €10,016 | €14,040 | +€4,024 | +40.2% |
| Equity | 10/15 | -€12,657 | -€10,047 | +€2,610 | +20.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,207 | -€28,597 | +€2,610 | +8.4% |
| Amounts payable | 17/49 | €22,673 | €24,087 | +€1,414 | +6.2% |
| Amounts payable within one year | 42/48 | €22,673 | €24,087 | +€1,414 | +6.2% |
| Trade debts | 44 | €1,615 | €3,011 | +€1,396 | +86.4% |
| Suppliers | 440/4 | €1,615 | €3,011 | +€1,396 | +86.4% |
| Taxes, remuneration and social security | 45 | €58 | €76 | +€18 | +31.0% |
| Taxes | 450/3 | €58 | €76 | +€18 | +31.0% |
| Other amounts payable | 47/48 | €21,000 | €21,000 | = | 0.0% |
| Other operating charges | 640/8 | €882 | €620 | -€262 | -29.7% |
| Gross operating margin | 9900 | €6,322 | €3,353 | -€2,969 | -47.0% |
| Operating profit (loss) | 9901 | €5,440 | €2,733 | -€2,707 | -49.8% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,394 | €2,687 | -€2,707 | -50.2% |
| Income taxes | 67/77 | €58 | €77 | +€19 | +32.8% |
| Profit (loss) for the period | 9904 | €5,336 | €2,610 | -€2,726 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,336 | €2,610 | -€2,726 | -51.1% |
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 7 October 2026 via checked.be.