HARTMOED: what changed
Two fiscal 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.
HARTMOED
Largest movements
- Receivables within one year +€15,347
up €15,347 (+113.3%), from €13,542 to €28,889
of which Other amounts receivable: +€13,189
- Cash -€5,529
down €5,529 (-50.8%), from €10,881 to €5,352
mainly Receivables within one year (-€15,347) and Trade debts (-€1,902)
- Profit (loss) carried forward +€9,447
up €9,447 (+40.2%), from -€23,523 to -€14,076
- Trade debts -€1,902
no longer reported in 2025 (was €1,902)
- Other debts +€1,897
new in 2025: €1,897
- Tax, wage and social debts +€568
up €568 (+27.0%), from €2,101 to €2,669
- Accrued charges and deferred income -€522
no longer reported in 2025 (was €522)
- Turnover +€17,747
up €17,747 (+184.7%), from €9,608 to €27,355
- Gross operating margin +€10,742
up €10,742 (+6356.2%), from €169 to €10,911
- Purchases and services +€7,005
up €7,005 (+74.2%), from €9,439 to €16,444
- Financial income +€610
up €610 (+435.7%), from €140 to €750
- Other operating charges +€461
up €461 (+41.1%), from €1,122 to €1,583
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,084 | €34,572 | +€9,488 | +37.8% |
| Fixed assets | 21/28 | €661 | €331 | -€330 | -49.9% |
| Tangible fixed assets | 22/27 | €661 | €331 | -€330 | -49.9% |
| Plant, machinery and equipment | 23 | €661 | €331 | -€330 | -49.9% |
| Current assets | 29/58 | €24,423 | €34,241 | +€9,818 | +40.2% |
| Amounts receivable within one year | 40/41 | €13,542 | €28,889 | +€15,347 | +113.3% |
| Trade receivables | 40 | €881 | €3,039 | +€2,158 | +244.9% |
| Other amounts receivable | 41 | €12,661 | €25,850 | +€13,189 | +104.2% |
| Cash at bank and in hand | 54/58 | €10,881 | €5,352 | -€5,529 | -50.8% |
| Total equity and liabilities | 10/49 | €25,084 | €34,572 | +€9,488 | +37.8% |
| Equity | 10/15 | €20,559 | €30,006 | +€9,447 | +46.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,882 | €37,882 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,850 | €1,850 | = | 0.0% |
| Distributable reserves | 133 | €36,032 | €36,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,523 | -€14,076 | +€9,447 | +40.2% |
| Amounts payable | 17/49 | €4,525 | €4,566 | +€41 | +0.9% |
| Amounts payable within one year | 42/48 | €4,003 | €4,566 | +€563 | +14.1% |
| Trade debts | 44 | €1,902 | - | -€1,902 | |
| Suppliers | 440/4 | €1,902 | - | -€1,902 | |
| Taxes, remuneration and social security | 45 | €2,101 | €2,669 | +€568 | +27.0% |
| Taxes | 450/3 | €2,101 | €2,669 | +€568 | +27.0% |
| Other amounts payable | 47/48 | - | €1,897 | +€1,897 | |
| Accrued charges and deferred income | 492/3 | €522 | - | -€522 | |
| Turnover | 70 | €9,608 | €27,355 | +€17,747 | +184.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,439 | €16,444 | +€7,005 | +74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €331 | +€1 | +0.3% |
| Other operating charges | 640/8 | €1,122 | €1,583 | +€461 | +41.1% |
| Gross operating margin | 9900 | €169 | €10,911 | +€10,742 | +6356.2% |
| Operating profit (loss) | 9901 | -€1,283 | €8,997 | +€10,280 | |
| Financial income | 75/76B | €140 | €750 | +€610 | +435.7% |
| Recurring financial income | 75 | €140 | €750 | +€610 | +435.7% |
| Financial charges | 65/66B | €76 | €300 | +€224 | +294.7% |
| Recurring financial charges | 65 | €76 | €300 | +€224 | +294.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,219 | €9,447 | +€10,666 | |
| Profit (loss) for the period | 9904 | -€1,219 | €9,447 | +€10,666 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,219 | €9,447 | +€10,666 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.