HARTING: 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.
What changed
HARTING
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€450,546
2024 · €308,771+€141,775
Equity
€391,313
2024 · €400,767-€9,455
Cash
€486,469
2024 · €413,169+€73,300
Balance sheet total
€1.5m
2024 · €1.4m+€128,829
Largest movements
Assets
- Cash +€73,300
up €73,300 (+17.7%), from €413,169 to €486,469
mainly Net result for the year (+€450,546) and Other debts (+€149,846)
- Receivables within one year +€56,348
up €56,348 (+6.0%), from €937,253 to €993,600
of which Trade receivables: +€81,848
Equity and liabilities
- Other debts +€149,846
up €149,846 (+48.3%), from €310,344 to €460,190
- Trade debts -€120,476
down €120,476 (-24.1%), from €498,959 to €378,484
- Tax, wage and social debts +€108,913
up €108,913 (+68.4%), from €159,148 to €268,060
of which Taxes: +€107,467
Income statement
- Turnover -€4.6m
no longer reported in 2025 (was €4.6m)
- Goods and materials -€3.1m
no longer reported in 2025 (was €3.1m)
of which Purchases: -€3.2m
- Gross operating margin +€1.2m
new in 2025: €1.2m
- Services and other goods -€529,781
no longer reported in 2025 (was €529,781)
- Taxes +€89,504
up €89,504 (+82.5%), from €108,452 to €197,957
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.
Result 2024
€308,771
Turnover
-€4.6m
Goods and materials
+€3.1m
Services and other goods
+€529,781
Staff costs
-€67,022
Depreciation
+€1,138
Write-downs
+€34,971
Provisions
-€591
Other operating charges
+€152
Other operating items
+€1.2m
Financial income
-€13,465
Financial charges
+€972
Taxes
-€89,504
Result 2025
€450,546
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.
From operations
+€536,834
Investment
-€3,533
Financing
-€460,000
Cash 2024
€413,169
From operations (derived)
+€536,834
Net result for the year
+€450,546
Depreciation
+€4,749
Smaller working-capital items
-€396
Receivables within one year
-€56,348
Trade debts
-€120,476
Tax, wage and social debts
+€108,913
Other debts
+€149,846
Investment (derived)
-€3,533
Investment in fixed assets (net)
-€3,533
Financing
-€460,000
Contributions, distributions and other
-€460,000
Cash 2025
€486,469
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,376,499 | €1,505,328 | +€128,829 | +9.4% |
| Fixed assets | 21/28 | €10,415 | €9,199 | -€1,215 | -11.7% |
| Tangible fixed assets | 22/27 | €10,415 | €9,199 | -€1,215 | -11.7% |
| Plant, machinery and equipment | 23 | €9,155 | €8,205 | -€950 | -10.4% |
| Furniture and vehicles | 24 | €1,260 | €994 | -€265 | -21.1% |
| Current assets | 29/58 | €1,366,084 | €1,496,129 | +€130,044 | +9.5% |
| Stocks and contracts in progress | 3 | €281 | €1,297 | +€1,015 | +360.6% |
| Stocks | 30/36 | €281 | €1,297 | +€1,015 | +360.6% |
| Goods purchased for resale | 34 | €281 | - | -€281 | |
| Amounts receivable within one year | 40/41 | €937,253 | €993,600 | +€56,348 | +6.0% |
| Trade receivables | 40 | €911,753 | €993,600 | +€81,848 | +9.0% |
| Other amounts receivable | 41 | €25,500 | €0 | -€25,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €413,169 | €486,469 | +€73,300 | +17.7% |
| Deferred charges and accrued income | 490/1 | €15,381 | €14,762 | -€619 | -4.0% |
| Total equity and liabilities | 10/49 | €1,376,499 | €1,505,328 | +€128,829 | +9.4% |
| Equity | 10/15 | €400,767 | €391,313 | -€9,455 | -2.4% |
| Contributions | 10/11 | €354,000 | €354,000 | = | 0.0% |
| Capital | 10 | €354,000 | €354,000 | = | 0.0% |
| Issued capital | 100 | €354,000 | €354,000 | = | 0.0% |
| Reserves | 13 | €35,400 | €35,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,400 | €35,400 | = | 0.0% |
| Legal reserve | 130 | €35,400 | €35,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,367 | €1,913 | -€9,455 | -83.2% |
| Provisions and deferred taxes | 16 | €7,281 | €7,281 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,281 | €7,281 | = | 0.0% |
| Pensions and similar obligations | 160 | €7,281 | €7,281 | = | 0.0% |
| Amounts payable | 17/49 | €968,450 | €1,106,734 | +€138,283 | +14.3% |
| Amounts payable within one year | 42/48 | €968,450 | €1,106,734 | +€138,283 | +14.3% |
| Trade debts | 44 | €498,959 | €378,484 | -€120,476 | -24.1% |
| Suppliers | 440/4 | €498,959 | €378,484 | -€120,476 | -24.1% |
| Taxes, remuneration and social security | 45 | €159,148 | €268,060 | +€108,913 | +68.4% |
| Taxes | 450/3 | €72,137 | €179,605 | +€107,467 | +149.0% |
| Remuneration and social security | 454/9 | €87,010 | €88,456 | +€1,445 | +1.7% |
| Other amounts payable | 47/48 | €310,344 | €460,190 | +€149,846 | +48.3% |
| Operating income | 70/76A | €4,558,706 | - | -€4.6m | |
| Turnover | 70 | €4,558,706 | - | -€4.6m | |
| Operating charges | 60/66A | €4,155,650 | - | -€4.2m | |
| Goods for resale, raw materials and consumables | 60 | €3,148,638 | - | -€3.1m | |
| Purchases | 600/8 | €3,162,367 | - | -€3.2m | |
| Change in stocks: decrease (increase) | 609 | -€13,729 | - | +€13,729 | |
| Services and other goods | 61 | €529,781 | - | -€529,781 | |
| Remuneration, social security and pensions | 62 | €433,963 | €500,986 | +€67,022 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,887 | €4,749 | -€1,138 | -19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €36,325 | €1,355 | -€34,971 | -96.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€591 | €0 | +€591 | |
| Other operating charges | 640/8 | €1,647 | €1,495 | -€152 | -9.2% |
| Gross operating margin | 9900 | - | €1,155,411 | +€1.2m | |
| Operating profit (loss) | 9901 | €403,056 | €646,828 | +€243,772 | +60.5% |
| Financial income | 75/76B | €23,055 | €9,590 | -€13,465 | -58.4% |
| Recurring financial income | 75 | €23,055 | €9,590 | -€13,465 | -58.4% |
| Income from current assets | 751 | €17,837 | - | -€17,837 | |
| Other financial income | 752/9 | €5,219 | - | -€5,219 | |
| Financial charges | 65/66B | €8,888 | €7,916 | -€972 | -10.9% |
| Recurring financial charges | 65 | €8,888 | €7,916 | -€972 | -10.9% |
| Debt charges | 650 | €4,816 | - | -€4,816 | |
| Other financial charges | 652/9 | €4,073 | - | -€4,073 | |
| Profit (loss) for the period before taxes | 9903 | €417,223 | €648,502 | +€231,279 | +55.4% |
| Income taxes | 67/77 | €108,452 | €197,957 | +€89,504 | +82.5% |
| Taxes | 670/3 | €109,500 | - | -€109,500 | |
| Tax adjustments and reversals of tax provisions | 77 | €1,048 | - | -€1,048 | |
| Profit (loss) for the period | 9904 | €308,771 | €450,546 | +€141,775 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €308,771 | €450,546 | +€141,775 | +45.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.