Superhard: 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.
Superhard
Largest movements
- Receivables after one year -€24,096
no longer reported in 2025 (was €24,096)
- Cash +€18,988
up €18,988 (+467%), from €4,068 to €23,056
mainly Receivables after one year (+€24,096) and Net result for the year (+€20,116)
- Tangible fixed assets -€15,253
no longer reported in 2025 (was €15,253)
of which Leasing and similar rights: -€13,995
- Receivables within one year -€12,091
down €12,091 (-10.8%), from €111,544 to €99,453
of which Other amounts receivable: -€12,418
- Stocks and contracts -€3,924
no longer reported in 2025 (was €3,924)
- Trade debts -€28,746
down €28,746 (-99.9%), from €28,775 to €29
- Profit (loss) carried forward +€20,116
up €20,116 (+47.2%), from -€42,632 to -€22,517
- Current portion of long-term debt -€11,553
no longer reported in 2025 (was €11,553)
- Other debts -€8,257
down €8,257 (-10.1%), from €81,851 to €73,594
- Debts after one year -€6,392
no longer reported in 2025 (was €6,392)
- Taxes -€33,918
down €33,918 (-87.9%), from €38,572 to €4,654
- Depreciation -€12,529
no longer reported in 2025 (was €12,529)
- Gross operating margin -€9,849
down €9,849 (-27.7%), from €35,527 to €25,678
- Other operating charges -€845
down €845 (-91.9%), from €919 to €74
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 | €159,136 | €122,513 | -€36,622 | -23.0% |
| Fixed assets | 21/28 | €15,253 | - | -€15,253 | |
| Tangible fixed assets | 22/27 | €15,253 | - | -€15,253 | |
| Furniture and vehicles | 24 | €1,258 | - | -€1,258 | |
| Leasing and similar rights | 25 | €13,995 | - | -€13,995 | |
| Current assets | 29/58 | €143,883 | €122,513 | -€21,369 | -14.9% |
| Amounts receivable after more than one year | 29 | €24,096 | - | -€24,096 | |
| Other amounts receivable | 291 | €24,096 | - | -€24,096 | |
| Stocks and contracts in progress | 3 | €3,924 | - | -€3,924 | |
| Stocks | 30/36 | €3,924 | - | -€3,924 | |
| Amounts receivable within one year | 40/41 | €111,544 | €99,453 | -€12,091 | -10.8% |
| Trade receivables | 40 | €94,608 | €94,935 | +€327 | +0.3% |
| Other amounts receivable | 41 | €16,936 | €4,518 | -€12,418 | -73.3% |
| Cash at bank and in hand | 54/58 | €4,068 | €23,056 | +€18,988 | +467% |
| Deferred charges and accrued income | 490/1 | €250 | €4 | -€246 | -98.2% |
| Total equity and liabilities | 10/49 | €159,136 | €122,513 | -€36,622 | -23.0% |
| Equity | 10/15 | €19,368 | €39,483 | +€20,116 | +104% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,632 | -€22,517 | +€20,116 | +47.2% |
| Amounts payable | 17/49 | €139,768 | €83,030 | -€56,738 | -40.6% |
| Amounts payable after more than one year | 17 | €6,392 | - | -€6,392 | |
| Financial debts | 170/4 | €6,392 | - | -€6,392 | |
| Amounts payable within one year | 42/48 | €129,893 | €83,030 | -€46,863 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €11,553 | - | -€11,553 | |
| Trade debts | 44 | €28,775 | €29 | -€28,746 | -99.9% |
| Suppliers | 440/4 | €28,775 | €29 | -€28,746 | -99.9% |
| Taxes, remuneration and social security | 45 | €7,714 | €9,408 | +€1,693 | +22.0% |
| Taxes | 450/3 | €7,714 | €9,408 | +€1,693 | +22.0% |
| Other amounts payable | 47/48 | €81,851 | €73,594 | -€8,257 | -10.1% |
| Accrued charges and deferred income | 492/3 | €3,483 | - | -€3,483 | |
| Non-recurring operating income | 76A | - | €21,998 | +€21,998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,529 | - | -€12,529 | |
| Other operating charges | 640/8 | €919 | €74 | -€845 | -91.9% |
| Non-recurring operating charges | 66A | - | €848 | +€848 | |
| Gross operating margin | 9900 | €35,527 | €25,678 | -€9,849 | -27.7% |
| Operating profit (loss) | 9901 | €22,078 | €24,756 | +€2,677 | +12.1% |
| Financial income | 75/76B | €637 | €297 | -€341 | -53.5% |
| Recurring financial income | 75 | €637 | €297 | -€341 | -53.5% |
| Financial charges | 65/66B | €440 | €282 | -€158 | -35.9% |
| Recurring financial charges | 65 | €440 | €282 | -€158 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €22,276 | €24,770 | +€2,494 | +11.2% |
| Income taxes | 67/77 | €38,572 | €4,654 | -€33,918 | -87.9% |
| Profit (loss) for the period | 9904 | -€16,296 | €20,116 | +€36,412 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,296 | €20,116 | +€36,412 |
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 21 October 2026 via checked.be.