HARTKLOP: 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.
HARTKLOP
Largest movements
- Cash +€41,908
up €41,908 (+966%), from €4,339 to €46,247
mainly Other debts (+€51,145) and Net result for the year (+€24,643)
- Receivables within one year -€8,085
down €8,085 (-38.9%), from €20,764 to €12,680
of which Other amounts receivable: -€6,813
- Tangible fixed assets -€1,820
down €1,820 (-9.8%), from €18,596 to €16,776
of which Furniture and vehicles: -€1,082
- Other debts +€51,145
up €51,145, from €0 to €51,145
- Reserves -€20,425
down €20,425 (-26.4%), from €77,464 to €57,040
- Tax, wage and social debts +€2,917
up €2,917 (+27.3%), from €10,669 to €13,586
of which Taxes: +€2,880
- Trade debts -€1,394
down €1,394 (-42.0%), from €3,322 to €1,928
- Gross operating margin +€13,498
up €13,498 (+47.1%), from €28,642 to €42,140
- Taxes +€3,919
up €3,919 (+44.8%), from €8,755 to €12,674
- Financial charges -€486
down €486 (-54.4%), from €893 to €407
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 | €45,823 | €77,929 | +€32,106 | +70.1% |
| Fixed assets | 21/28 | €18,596 | €16,776 | -€1,820 | -9.8% |
| Tangible fixed assets | 22/27 | €18,596 | €16,776 | -€1,820 | -9.8% |
| Land and buildings | 22 | €11,662 | €10,924 | -€738 | -6.3% |
| Plant, machinery and equipment | 23 | €2,831 | €2,831 | = | 0.0% |
| Furniture and vehicles | 24 | €4,103 | €3,021 | -€1,082 | -26.4% |
| Current assets | 29/58 | €27,227 | €61,153 | +€33,926 | +125% |
| Amounts receivable within one year | 40/41 | €20,764 | €12,680 | -€8,085 | -38.9% |
| Trade receivables | 40 | €12,706 | €11,435 | -€1,271 | -10.0% |
| Other amounts receivable | 41 | €8,058 | €1,245 | -€6,813 | -84.5% |
| Cash at bank and in hand | 54/58 | €4,339 | €46,247 | +€41,908 | +966% |
| Deferred charges and accrued income | 490/1 | €2,124 | €2,226 | +€102 | +4.8% |
| Total equity and liabilities | 10/49 | €45,823 | €77,929 | +€32,106 | +70.1% |
| Equity | 10/15 | €28,322 | €7,898 | -€20,425 | -72.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,464 | €57,040 | -€20,425 | -26.4% |
| Distributable reserves | 133 | €77,464 | €57,040 | -€20,425 | -26.4% |
| Profit (loss) carried forward | 14 | -€55,342 | -€55,342 | = | 0.0% |
| Amounts payable | 17/49 | €17,501 | €70,031 | +€52,530 | +300% |
| Amounts payable within one year | 42/48 | €17,375 | €70,031 | +€52,656 | +303% |
| Current portion of amounts payable after more than one year | 42 | €3,383 | €3,372 | -€11 | -0.3% |
| Trade debts | 44 | €3,322 | €1,928 | -€1,394 | -42.0% |
| Suppliers | 440/4 | €3,322 | €1,928 | -€1,394 | -42.0% |
| Taxes, remuneration and social security | 45 | €10,669 | €13,586 | +€2,917 | +27.3% |
| Taxes | 450/3 | €7,268 | €10,148 | +€2,880 | +39.6% |
| Remuneration and social security | 454/9 | €3,401 | €3,438 | +€37 | +1.1% |
| Other amounts payable | 47/48 | €0 | €51,145 | +€51,145 | |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,535 | €2,867 | +€332 | +13.1% |
| Other operating charges | 640/8 | €1,260 | €1,552 | +€292 | +23.2% |
| Gross operating margin | 9900 | €28,642 | €42,140 | +€13,498 | +47.1% |
| Operating profit (loss) | 9901 | €24,847 | €37,721 | +€12,874 | +51.8% |
| Financial income | 75/76B | €78 | €3 | -€75 | -96.2% |
| Recurring financial income | 75 | €78 | €3 | -€75 | -96.2% |
| Financial charges | 65/66B | €893 | €407 | -€486 | -54.4% |
| Recurring financial charges | 65 | €893 | €407 | -€486 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €24,032 | €37,317 | +€13,285 | +55.3% |
| Income taxes | 67/77 | €8,755 | €12,674 | +€3,919 | +44.8% |
| Profit (loss) for the period | 9904 | €15,277 | €24,643 | +€9,366 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,277 | €24,643 | +€9,366 | +61.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.