De Harlekijn: 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.
De Harlekijn
Largest movements
- Receivables within one year +€11,479
up €11,479 (+128%), from €8,945 to €20,424
of which Trade receivables: +€18,701
- Tangible fixed assets -€4,826
down €4,826 (-1.6%), from €295,963 to €291,136
of which Land and buildings: -€3,556
- Cash -€3,165
down €3,165 (-68.5%), from €4,622 to €1,457
mainly Other debts (-€38,895) and Current portion of long-term debt (-€24,509)
- Debts after one year +€87,000
up €87,000 (+87.9%), from €98,955 to €185,955
- Other debts -€38,895
down €38,895 (-99.9%), from €38,951 to €56
- Current portion of long-term debt -€24,509
no longer reported in 2025 (was €24,509)
- Profit (loss) carried forward -€22,780
down €22,780 (-4.4%), from -€519,016 to -€541,795
- Tax, wage and social debts +€4,843
up €4,843 (+3,682%), from €132 to €4,974
- Depreciation -€34,658
down €34,658 (-70.8%), from €48,986 to €14,328
- Gross operating margin +€30,646
up €30,646 (+90.4%), from -€33,901 to -€3,254
- Financial charges -€22,925
down €22,925 (-89.4%), from €25,633 to €2,708
- Other operating charges -€7,805
down €7,805 (-76.9%), from €10,152 to €2,348
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 | €311,385 | €315,588 | +€4,203 | +1.3% |
| Fixed assets | 21/28 | €295,964 | €291,137 | -€4,826 | -1.6% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €295,963 | €291,136 | -€4,826 | -1.6% |
| Land and buildings | 22 | €293,079 | €289,523 | -€3,556 | -1.2% |
| Plant, machinery and equipment | 23 | €2,883 | €1,613 | -€1,270 | -44.1% |
| Current assets | 29/58 | €15,422 | €24,451 | +€9,029 | +58.5% |
| Amounts receivable within one year | 40/41 | €8,945 | €20,424 | +€11,479 | +128% |
| Trade receivables | 40 | €1,050 | €19,751 | +€18,701 | +1,781% |
| Other amounts receivable | 41 | €7,895 | €672 | -€7,222 | -91.5% |
| Cash at bank and in hand | 54/58 | €4,622 | €1,457 | -€3,165 | -68.5% |
| Deferred charges and accrued income | 490/1 | €1,855 | €2,570 | +€715 | +38.5% |
| Total equity and liabilities | 10/49 | €311,385 | €315,588 | +€4,203 | +1.3% |
| Equity | 10/15 | €129,249 | €106,470 | -€22,780 | -17.6% |
| Contributions | 10/11 | €418,600 | €418,600 | = | 0.0% |
| Reserves | 13 | €229,665 | €229,665 | = | 0.0% |
| Distributable reserves | 133 | €229,665 | €229,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€519,016 | -€541,795 | -€22,780 | -4.4% |
| Amounts payable | 17/49 | €182,136 | €209,118 | +€26,982 | +14.8% |
| Amounts payable after more than one year | 17 | €98,955 | €185,955 | +€87,000 | +87.9% |
| Financial debts | 170/4 | €98,955 | €185,955 | +€87,000 | +87.9% |
| Amounts payable within one year | 42/48 | €83,180 | €23,163 | -€60,018 | -72.2% |
| Current portion of amounts payable after more than one year | 42 | €24,509 | - | -€24,509 | |
| Trade debts | 44 | €19,588 | €18,132 | -€1,456 | -7.4% |
| Suppliers | 440/4 | €19,588 | €18,132 | -€1,456 | -7.4% |
| Taxes, remuneration and social security | 45 | €132 | €4,974 | +€4,843 | +3,682% |
| Taxes | 450/3 | €132 | €4,974 | +€4,843 | +3,682% |
| Other amounts payable | 47/48 | €38,951 | €56 | -€38,895 | -99.9% |
| Non-recurring operating income | 76A | €236 | - | -€236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,986 | €14,328 | -€34,658 | -70.8% |
| Other operating charges | 640/8 | €10,152 | €2,348 | -€7,805 | -76.9% |
| Gross operating margin | 9900 | -€33,901 | -€3,254 | +€30,646 | +90.4% |
| Operating profit (loss) | 9901 | -€93,039 | -€19,930 | +€73,109 | +78.6% |
| Financial charges | 65/66B | €25,633 | €2,708 | -€22,925 | -89.4% |
| Recurring financial charges | 65 | €25,633 | €2,708 | -€22,925 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | -€118,673 | -€22,639 | +€96,034 | +80.9% |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | -€118,801 | -€22,780 | +€96,021 | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,801 | -€22,780 | +€96,021 | +80.8% |
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 29 October 2026 via checked.be.