HARMONY (0440.808.184): financials and annual accounts

HARMONY

Woluwe-Saint-Pierre ·KBO/BCE: BE 0440.808.184

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2011	2010	2006
Balance sheet: assets
Total assets`20/58`	14.3m	11.8m	10.4m	7.7m	4.8m	4.9m	4.9m	4.9m	5.1m	4.7m	4.8m	3.3m	1.4m	379,863
Fixed assets`21/28`	11.3m	8.9m	8.9m	6.8m	4.1m	4.2m	4.2m	4.3m	4.4m	46,356	46,356	-	-	378,303
Tangible fixed assets`22/27`	10.3m	7.9m	7.9m	5.8m	3.1m	3.2m	3.2m	3.3m	3.4m	46,356	46,356	2.3m	1.4m	378,303
Land and buildings`22`	10.3m	7.9m	7.9m	5.8m	3.1m	3.2m	3.2m	3.3m	3.4m	46,356	46,356	2.3m	1.4m	376,302
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	2,001
Financial fixed assets`28`	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m	-	-	-	-	-
Current assets`29/58`	3.0m	2.9m	1.5m	932,938	653,743	685,154	703,045	630,423	693,548	4.7m	4.8m	-	3,441	1,560
Amounts receivable within one year`40/41`	51,434	6,203	15,581	220,000	-	-	5,967	55,347	49,380	29,311	-	-	36	238
Other amounts receivable`41`	51,434	6,203	15,581	220,000	-	-	5,967	55,347	49,380	29,311	-	-	36	238
Current investments`50/53`	871,817	868,373	-	539,424	538,334	538,334	538,334	478,419	517,416	4.7m	4.6m	-	-	-
Cash at bank and in hand`54/58`	2.0m	2.1m	1.5m	173,514	112,409	143,820	157,645	95,557	114,752	7,333	162,925	952,878	3,405	122
Deferred charges and accrued income`490/1`	-	-	-	-	3,000	3,000	1,100	1,100	12,000	0	12,000	2,270	-	1,200
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	14.3m	11.8m	10.4m	7.7m	4.8m	4.9m	4.9m	4.9m	5.1m	4.7m	4.8m	3.3m	1.4m	379,863
Equity`10/15`	2.9m	407,371	470,944	564,653	669,015	716,010	778,458	782,745	933,246	528,044	451,261	289,503	203,336	340,548
Contributions`10/11`	3.2m	590,000	590,000	590,000	590,000	590,000	590,000	590,000	590,000	590,000	590,000	-	-	590,000
Capital`10`	3.2m	590,000	590,000	590,000	590,000	-	-	-	-	-	-	590,000	590,000	-
Issued capital`100`	3.2m	590,000	590,000	590,000	590,000	590,000	590,000	590,000	590,000	590,000	590,000	590,000	590,000	590,000
Reserves`13`	449,990	467,928	485,866	503,805	521,743	539,681	557,620	575,558	593,496	611,435	611,435	13,491	13,491	13,491
Non-distributable reserves`130/1`	13,491	13,491	13,491	13,491	13,491	13,491	-	-	-	-	-	-	-	-
Legal reserve`130`	13,491	13,491	13,491	13,491	13,491	13,491	13,491	13,491	13,491	13,491	13,491	13,491	13,491	13,491
Tax-exempt reserves`132`	436,499	454,437	472,375	490,314	508,252	526,190	544,129	562,067	580,005	597,943	597,943	-	-	-
Profit (loss) carried forward`14`	-658,082	-650,557	-604,922	-529,152	-442,728	-413,672	-369,162	-382,813	-250,251	-673,390	-750,174	-	-400,155	-262,943
Provisions and deferred taxes`16`	224,863	234,104	243,345	252,586	261,827	271,068	280,309	289,550	298,791	308,031	308,031	-	-	-
Deferred taxes`168`	224,863	234,104	243,345	252,586	261,827	271,068	280,309	289,550	298,791	308,031	308,031	-	-	-
Amounts payable`17/49`	11.1m	11.2m	9.7m	6.9m	3.8m	3.9m	3.8m	3.9m	3.9m	3.9m	4.1m	3.0m	1.2m	39,315
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	-	-	-	31,401
Other amounts payable`178/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	31,401
Amounts payable within one year`42/48`	11.1m	11.2m	9.7m	6.9m	3.8m	3.9m	3.8m	3.9m	3.9m	3.9m	4.1m	3.0m	1.2m	805
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	4,389	-	-	-
Trade debts`44`	821	-	-	4,408	3,008	41,805	-	-	-	-	-	-	-	-
Suppliers`440/4`	821	-	-	4,408	3,008	41,805	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	-	-	-	-	-	-	-	-	-	-	9,777	-	-	805
Taxes`450/3`	-	-	-	-	-	-	-	-	-	-	9,777	-	-	805
Other amounts payable`47/48`	11.1m	11.2m	9.7m	6.9m	3.8m	3.8m	3.8m	3.9m	3.9m	3.9m	4.1m	3.0m	1.2m	-
Accrued charges and deferred income`492/3`	-	-	-	-	1,900	1,900	-	-	-	-	1,876	-	-	7,109
Income statement
Turnover`70`	-	-	-	-	-	-	62,932	57,990	21,043	19,414	-	137,875	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	0	1.2m	-	-	-
Gross operating margin`9900`	55,600	-2,955	29,254	290,931	17,606	-2,232	34,994	-13,098	-57,107	-27,666	6,735	137,875	14,341	24,514
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	27,938	71,088	78,150	47,080	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	87,376	63,834	335,675	396,057	63,621	62,177	103,455	103,455	103,455	-	176,234	-	51,032	25,670
Other operating charges`640/8`	6,673	7,672	5,717	8,284	10,060	7,125	4,862	4,664	5,920	1,543	20,974	4,530	6,207	3,480
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	58,415	0	2,463	140,809	-	-	-
Operating profit (loss)`9901`	-38,449	-74,461	-312,137	-113,411	-56,076	-71,534	-73,323	-121,217	-166,482	-29,210	-190,474	82,313	-42,898	-4,636
Financial income`75/76B`	5,071	2,833	210,107	-	-	-	60,653	19,890	562,653	108,560	-	-	-	1,002
Recurring financial income`75`	5,071	2,833	210,107	-	-	-	60,653	19,890	562,653	108,560	-	3,975	25	1,002
Financial charges`65/66B`	1,327	1,187	919	193	160	155	144	58,415	211	2,566	97	-	-	5,444
Recurring financial charges`65`	1,327	1,187	919	193	160	155	144	-	136	103	97	121	112	5,444
Non-recurring financial charges`66B`	-	-	-	-	-	-	-	58,415	75	2,463	-	-	-	-
Profit (loss) for the period before taxes`9903`	-34,704	-72,814	-102,950	-113,603	-56,235	-71,689	-12,814	-159,742	395,960	76,784	840,798	86,167	-42,985	-9,079
Transfer from deferred taxes`780`	9,241	9,241	9,241	9,241	9,241	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	-	-	-	-	-	-	714	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	-25,463	-63,573	-93,709	-104,362	-46,994	-62,448	-4,287	-150,501	405,201	76,784	840,798	86,167	-42,985	-9,079
Transfer from tax-exempt reserves`789`	17,938	17,938	17,938	17,938	17,938	17,938	17,938	17,938	17,938	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	905,975	-	-	-
Profit (loss) for the period to be appropriated`9905`	-7,525	-45,635	-75,770	-86,424	-29,056	-44,510	13,651	-132,563	423,140	76,784	-65,176	86,167	-42,985	-9,079
Appropriation of the result
Profit (loss) to be appropriated`9906`	-658,082	-650,557	-604,922	-529,152	-442,728	-413,672	-369,162	-382,813	-250,251	-673,390	-750,174	-313,988	-400,155	-262,943
Profit (loss) brought forward from the previous period`14P`	-650,557	-604,922	-529,152	-442,728	-413,672	-	-	-	-	-	-	-400,155	-357,170	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	15-10-2026	2026-00558696	PDF
31-12-2024	micro format	30-09-2025	2025-00523640	PDF
31-12-2023	micro format	11-10-2024	2024-00504422	PDF
31-12-2022	micro format	10-10-2023	2023-00482973	PDF
31-12-2021	micro format	07-10-2022	2022-20453985	PDF
31-12-2020	micro format	29-10-2021	2021-75000023	PDF
31-12-2019	full format	05-07-2020	2020-28800146	PDF
31-12-2018	full format	25-07-2019	2019-37200301	PDF
31-12-2017	full format	08-06-2018	2018-16500598	PDF
31-12-2016	full format	17-06-2017	2017-17900454	PDF
31-12-2015	full format	22-06-2016	2016-19900335	PDF
31-12-2014	full format	03-06-2015	2015-14700252	PDF
31-12-2013	full format	28-05-2014	2014-15100532	PDF
31-12-2012	full format	29-05-2013	2013-13800375	PDF
31-12-2011	full format	28-06-2012	2012-25000396	PDF
31-12-2010	full format	22-06-2011	2011-19400013	PDF
31-12-2009	full format	27-05-2010	2010-13800144	PDF
31-12-2008	full format	26-05-2009	2009-16600338	PDF
31-12-2007	full format	03-07-2008	2008-34100145	PDF
31-12-2006	abbreviated format	08-06-2007	2007-20400324	PDF
31-12-2005	abbreviated format	30-05-2006	2006-17603122	PDF
31-12-2004	abbreviated format	20-05-2005	2005-16202940	PDF
31-12-2003	abbreviated format	17-05-2004	2004-15201774	PDF
31-12-2002	abbreviated format	28-05-2003	2003-17501596	PDF
31-12-2001	abbreviated format	13-05-2002	2002-12200820	PDF
31-12-2000	abbreviated format	28-05-2001	2001-14701867	PDF
31-12-1999	abbreviated format	18-05-2000	2000-13800358	PDF
31-12-1998	abbreviated format	01-06-1999	1999-13104623	PDF
31-12-1997	abbreviated format	03-07-1998	1998-29104985	PDF
31-12-1996	abbreviated format	03-07-1997	1997-27002144	PDF
31-12-1995	abbreviated format	03-06-1996	1996-12000987	PDF
31-12-1994	abbreviated format	14-07-1995	1995-39600850	PDF
31-12-1993	abbreviated format	15-07-1994	1994-30201474	PDF
31-12-1992	abbreviated format	30-09-1993	1993-37901269	PDF
31-12-1991	abbreviated format	15-10-1992	1992-35304130	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2011	2010	2006
EBITDA	48,927	-10,626	23,537	282,647	7,546	-9,357	30,132	-17,762	-63,027	-	-14,240	-	8,134	21,034
Cash flow	61,912	261	241,966	291,695	16,627	-271	99,168	-47,046	508,656	-	1.0m	-	8,047	16,591
Investment in fixed assets (approximation)	2.6m	37,684	2.5m	3.1m	0	51,615	0	0	4.5m	-	-	952,893	556,560	-
Change in cash	-26,366	591,412	1.3m	61,105	-31,411	-13,824	62,088	-19,195	107,419	-155,592	-	949,473	-	-
Working capital	-8.2m	-8.2m	-8.2m	-6.0m	-3.2m	-3.2m	-3.1m	-3.2m	-3.2m	789,720	714,812	-	-1.2m	755
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	59.7%	-	-
Solvency	20.6%	3.5%	4.5%	7.3%	14.0%	14.7%	15.9%	15.9%	18.3%	11.1%	9.3%	8.8%	14.1%	89.7%
Current ratio	0.27	0.26	0.15	0.14	0.17	0.18	0.18	0.16	0.18	1.20	1.17	-	0.00	1.94
Debt to equity	3.78	27.40	20.52	12.21	5.74	5.42	4.93	4.92	4.13	7.40	9.06	10.37	6.07	0.12
ROE	-0.9%	-15.6%	-19.9%	-18.5%	-7.0%	-8.7%	-0.6%	-19.2%	43.4%	14.5%	186.3%	29.8%	-21.1%	-2.7%
ROA	-0.2%	-0.5%	-0.9%	-1.4%	-1.0%	-1.3%	-0.1%	-3.1%	8.0%	1.6%	17.3%	2.6%	-3.0%	-2.4%
Interest coverage	36.88	-8.95	25.61	over 100	47.26	-	-	-	-	-	-	-	72.63	-
Customer credit	-	-	-	-	-	-	35 days	348 days	857 days	551 days	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€2.6m	€37,684	€2.5m	€3.1m	-
Depreciation and write-downs of the year	€87,376	€63,834	€335,675	€396,057	€63,621

HARMONY

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on HARMONY

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