HART-DECO: 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.
HART-DECO
Largest movements
- Tangible fixed assets +€5,338
up €5,338 (+95.1%), from €5,612 to €10,950
of which Furniture and vehicles: +€6,386
- Receivables within one year -€3,689
down €3,689 (-13.9%), from €26,467 to €22,778
of which Other amounts receivable: -€10,415
- Cash -€1,830
down €1,830 (-8.4%), from €21,674 to €19,844
mainly Investment in fixed assets (net) (-€9,113) and Tax, wage and social debts (-€3,965)
- Profit (loss) carried forward +€5,241
up €5,241 (+46.9%), from -€11,180 to -€5,939
- Tax, wage and social debts -€3,965
no longer reported in 2024 (was €3,965)
- Trade debts -€889
down €889 (-23.2%), from €3,839 to €2,950
- Gross operating margin +€15,656
up €15,656, from -€5,704 to €9,953
- Taxes -€615
no longer reported in 2024 (was €615)
- Depreciation +€218
up €218 (+6.1%), from €3,557 to €3,775
- Other operating charges -€202
down €202 (-58.2%), from €347 to €145
- Staff costs -€198
down €198 (-61.2%), from €324 to €126
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,617 | €69,950 | +€333 | +0.5% |
| Fixed assets | 21/28 | €18,971 | €24,309 | +€5,338 | +28.1% |
| Tangible fixed assets | 22/27 | €5,612 | €10,950 | +€5,338 | +95.1% |
| Plant, machinery and equipment | 23 | €1,954 | €1,145 | -€809 | -41.4% |
| Furniture and vehicles | 24 | €3,180 | €9,566 | +€6,386 | +201% |
| Other tangible fixed assets | 26 | €478 | €239 | -€239 | -50.0% |
| Financial fixed assets | 28 | €13,359 | €13,359 | = | 0.0% |
| Current assets | 29/58 | €50,647 | €45,641 | -€5,006 | -9.9% |
| Amounts receivable within one year | 40/41 | €26,467 | €22,778 | -€3,689 | -13.9% |
| Trade receivables | 40 | €1,919 | €8,645 | +€6,726 | +351% |
| Other amounts receivable | 41 | €24,549 | €14,134 | -€10,415 | -42.4% |
| Cash at bank and in hand | 54/58 | €21,674 | €19,844 | -€1,830 | -8.4% |
| Deferred charges and accrued income | 490/1 | €2,505 | €3,019 | +€513 | +20.5% |
| Total equity and liabilities | 10/49 | €69,617 | €69,950 | +€333 | +0.5% |
| Equity | 10/15 | €59,922 | €65,163 | +€5,241 | +8.7% |
| Contributions | 10/11 | €17,360 | €17,360 | = | 0.0% |
| Reserves | 13 | €53,742 | €53,742 | = | 0.0% |
| Distributable reserves | 133 | €53,742 | €53,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,180 | -€5,939 | +€5,241 | +46.9% |
| Amounts payable | 17/49 | €9,695 | €4,787 | -€4,908 | -50.6% |
| Amounts payable within one year | 42/48 | €9,470 | €4,562 | -€4,908 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €1,667 | €1,612 | -€54 | -3.3% |
| Trade debts | 44 | €3,839 | €2,950 | -€889 | -23.2% |
| Suppliers | 440/4 | €3,839 | €2,950 | -€889 | -23.2% |
| Taxes, remuneration and social security | 45 | €3,965 | - | -€3,965 | |
| Taxes | 450/3 | €3,965 | - | -€3,965 | |
| Accrued charges and deferred income | 492/3 | €225 | €225 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €324 | €126 | -€198 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,557 | €3,775 | +€218 | +6.1% |
| Other operating charges | 640/8 | €347 | €145 | -€202 | -58.2% |
| Gross operating margin | 9900 | -€5,704 | €9,953 | +€15,656 | |
| Operating profit (loss) | 9901 | -€9,932 | €5,907 | +€15,838 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €641 | €666 | +€25 | +3.8% |
| Recurring financial charges | 65 | €641 | €666 | +€25 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,566 | €5,241 | +€15,806 | |
| Income taxes | 67/77 | €615 | - | -€615 | |
| Profit (loss) for the period | 9904 | -€11,180 | €5,241 | +€16,421 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,180 | €5,241 | +€16,421 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.