HARTAN: 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.
HARTAN
Largest movements
- Cash +€165,266
up €165,266 (+73.3%), from €225,359 to €390,625
mainly Net result for the year (+€174,799) and Tax, wage and social debts (+€16,249)
- Tangible fixed assets +€28,815
up €28,815 (+149%), from €19,351 to €48,166
of which Furniture and vehicles: +€32,871
- Stocks and contracts +€13,927
up €13,927 (+8.4%), from €166,637 to €180,564
- Reserves +€174,799
up €174,799 (+53.0%), from €329,524 to €504,323
- Tax, wage and social debts +€16,249
up €16,249 (+56.3%), from €28,843 to €45,092
of which Taxes: +€18,189
- Trade debts +€13,521
up €13,521 (+70.7%), from €19,115 to €32,636
- Gross operating margin +€132,926
up €132,926 (+43.9%), from €302,875 to €435,801
- Taxes +€39,716
up €39,716 (+87.2%), from €45,548 to €85,264
- Staff costs +€5,633
up €5,633 (+3.3%), from €171,153 to €176,786
- Depreciation +€5,290
up €5,290 (+96.6%), from €5,476 to €10,766
- Financial charges +€4,548
up €4,548 (+188%), from €2,419 to €6,967
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 | €420,916 | €632,975 | +€212,059 | +50.4% |
| Fixed assets | 21/28 | €19,351 | €48,166 | +€28,815 | +149% |
| Tangible fixed assets | 22/27 | €19,351 | €48,166 | +€28,815 | +149% |
| Plant, machinery and equipment | 23 | €15,280 | €11,224 | -€4,056 | -26.5% |
| Furniture and vehicles | 24 | €4,071 | €36,942 | +€32,871 | +807% |
| Current assets | 29/58 | €401,565 | €584,809 | +€183,244 | +45.6% |
| Amounts receivable after more than one year | 29 | €1,360 | €784 | -€576 | -42.4% |
| Other amounts receivable | 291 | €1,360 | €784 | -€576 | -42.4% |
| Stocks and contracts in progress | 3 | €166,637 | €180,564 | +€13,927 | +8.4% |
| Stocks | 30/36 | €166,637 | €180,564 | +€13,927 | +8.4% |
| Amounts receivable within one year | 40/41 | €5,256 | €7,948 | +€2,692 | +51.2% |
| Trade receivables | 40 | €30 | €30 | = | 0.0% |
| Other amounts receivable | 41 | €5,226 | €7,918 | +€2,692 | +51.5% |
| Cash at bank and in hand | 54/58 | €225,359 | €390,625 | +€165,266 | +73.3% |
| Deferred charges and accrued income | 490/1 | €2,953 | €4,888 | +€1,935 | +65.5% |
| Total equity and liabilities | 10/49 | €420,916 | €632,975 | +€212,059 | +50.4% |
| Equity | 10/15 | €348,124 | €522,923 | +€174,799 | +50.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €329,524 | €504,323 | +€174,799 | +53.0% |
| Distributable reserves | 133 | €329,524 | €504,323 | +€174,799 | +53.0% |
| Amounts payable | 17/49 | €72,792 | €110,052 | +€37,260 | +51.2% |
| Amounts payable after more than one year | 17 | €11,327 | €16,996 | +€5,669 | +50.0% |
| Financial debts | 170/4 | €11,327 | €16,996 | +€5,669 | +50.0% |
| Amounts payable within one year | 42/48 | €61,465 | €93,056 | +€31,591 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €13,507 | €15,328 | +€1,821 | +13.5% |
| Trade debts | 44 | €19,115 | €32,636 | +€13,521 | +70.7% |
| Suppliers | 440/4 | €19,115 | €32,636 | +€13,521 | +70.7% |
| Taxes, remuneration and social security | 45 | €28,843 | €45,092 | +€16,249 | +56.3% |
| Taxes | 450/3 | €13,285 | €31,474 | +€18,189 | +137% |
| Remuneration and social security | 454/9 | €15,558 | €13,618 | -€1,940 | -12.5% |
| Remuneration, social security and pensions | 62 | €171,153 | €176,786 | +€5,633 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,476 | €10,766 | +€5,290 | +96.6% |
| Other operating charges | 640/8 | €1,689 | €1,354 | -€335 | -19.8% |
| Non-recurring operating charges | 66A | €8,177 | - | -€8,177 | |
| Gross operating margin | 9900 | €302,875 | €435,801 | +€132,926 | +43.9% |
| Operating profit (loss) | 9901 | €116,380 | €246,895 | +€130,515 | +112% |
| Financial income | 75/76B | €20,111 | €20,135 | +€24 | +0.1% |
| Recurring financial income | 75 | €20,111 | €20,135 | +€24 | +0.1% |
| Financial charges | 65/66B | €2,419 | €6,967 | +€4,548 | +188% |
| Recurring financial charges | 65 | €2,419 | €6,967 | +€4,548 | +188% |
| Profit (loss) for the period before taxes | 9903 | €134,072 | €260,063 | +€125,991 | +94.0% |
| Income taxes | 67/77 | €45,548 | €85,264 | +€39,716 | +87.2% |
| Profit (loss) for the period | 9904 | €88,524 | €174,799 | +€86,275 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,524 | €174,799 | +€86,275 | +97.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.