HARTENJAGERS: what changed
HARTENJAGERS
Largest movements
- Tangible fixed assets -€14,601
down €14,601 (-24.3%), from €59,977 to €45,376
of which Furniture and vehicles: -€13,861
- Cash +€14,465
up €14,465 (+38.5%), from €37,611 to €52,076
mainly Net result for the year (+€29,817) and Depreciation (+€14,601)
- Receivables within one year +€11,807
up €11,807 (+79.1%), from €14,922 to €26,729
of which Trade receivables: +€10,187
- Reserves +€28,151
up €28,151 (+70.6%), from €39,848 to €67,999
- Other debts -€16,014
down €16,014 (-50.8%), from €31,527 to €15,513
- Debts after one year -€4,714
down €4,714 (-22.9%), from €20,543 to €15,829
- Tax, wage and social debts +€3,233
up €3,233 (+27.3%), from €11,851 to €15,084
- Trade debts +€2,412
up €2,412 (+80.2%), from €3,007 to €5,419
- Gross operating margin -€14,770
down €14,770 (-17.4%), from €85,062 to €70,292
- Taxes -€4,070
down €4,070 (-24.2%), from €16,819 to €12,749
- Other operating charges +€2,014
up €2,014 (+19.4%), from €10,396 to €12,410
- Financial charges -€946
down €946 (-67.8%), from €1,395 to €449
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,258 | €125,552 | +€12,294 | +10.9% |
| Fixed assets | 21/28 | €59,977 | €45,376 | -€14,601 | -24.3% |
| Tangible fixed assets | 22/27 | €59,977 | €45,376 | -€14,601 | -24.3% |
| Plant, machinery and equipment | 23 | €3,511 | €2,771 | -€740 | -21.1% |
| Furniture and vehicles | 24 | €56,466 | €42,605 | -€13,861 | -24.5% |
| Current assets | 29/58 | €53,281 | €80,176 | +€26,895 | +50.5% |
| Amounts receivable within one year | 40/41 | €14,922 | €26,729 | +€11,807 | +79.1% |
| Trade receivables | 40 | €14,779 | €24,966 | +€10,187 | +68.9% |
| Other amounts receivable | 41 | €143 | €1,763 | +€1,620 | +1,133% |
| Cash at bank and in hand | 54/58 | €37,611 | €52,076 | +€14,465 | +38.5% |
| Deferred charges and accrued income | 490/1 | €748 | €1,371 | +€623 | +83.3% |
| Total equity and liabilities | 10/49 | €113,258 | €125,552 | +€12,294 | +10.9% |
| Equity | 10/15 | €40,048 | €68,199 | +€28,151 | +70.3% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €39,848 | €67,999 | +€28,151 | +70.6% |
| Distributable reserves | 133 | €39,848 | €67,999 | +€28,151 | +70.6% |
| Amounts payable | 17/49 | €73,210 | €57,353 | -€15,857 | -21.7% |
| Amounts payable after more than one year | 17 | €20,543 | €15,829 | -€4,714 | -22.9% |
| Financial debts | 170/4 | €20,543 | €15,829 | -€4,714 | -22.9% |
| Amounts payable within one year | 42/48 | €51,793 | €41,524 | -€10,269 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €4,457 | €4,714 | +€257 | +5.8% |
| Financial debts | 43 | €951 | €794 | -€157 | -16.5% |
| Credit institutions | 430/8 | €951 | €794 | -€157 | -16.5% |
| Trade debts | 44 | €3,007 | €5,419 | +€2,412 | +80.2% |
| Suppliers | 440/4 | €3,007 | €5,419 | +€2,412 | +80.2% |
| Taxes, remuneration and social security | 45 | €11,851 | €15,084 | +€3,233 | +27.3% |
| Taxes | 450/3 | €11,851 | €15,084 | +€3,233 | +27.3% |
| Other amounts payable | 47/48 | €31,527 | €15,513 | -€16,014 | -50.8% |
| Accrued charges and deferred income | 492/3 | €874 | - | -€874 | |
| Remuneration, social security and pensions | 62 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,557 | €14,601 | +€44 | +0.3% |
| Other operating charges | 640/8 | €10,396 | €12,410 | +€2,014 | +19.4% |
| Gross operating margin | 9900 | €85,062 | €70,292 | -€14,770 | -17.4% |
| Operating profit (loss) | 9901 | €59,609 | €42,781 | -€16,828 | -28.2% |
| Financial income | 75/76B | €171 | €234 | +€63 | +36.8% |
| Recurring financial income | 75 | €171 | €234 | +€63 | +36.8% |
| Financial charges | 65/66B | €1,395 | €449 | -€946 | -67.8% |
| Recurring financial charges | 65 | €1,395 | €449 | -€946 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €58,385 | €42,566 | -€15,819 | -27.1% |
| Income taxes | 67/77 | €16,819 | €12,749 | -€4,070 | -24.2% |
| Profit (loss) for the period | 9904 | €41,566 | €29,817 | -€11,749 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,566 | €29,817 | -€11,749 | -28.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.