DE HARZEE: 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 HARZEE
Largest movements
- Tangible fixed assets +€10,467
up €10,467 (+4.0%), from €262,665 to €273,132
of which Land and buildings: +€10,721
- Receivables within one year -€5,728
no longer reported in 2025 (was €5,728)
of which Trade receivables: -€5,500
- Cash -€5,236
down €5,236 (-34.8%), from €15,051 to €9,815
mainly Contributions, distributions and other (-€30,000) and Investment in fixed assets (net) (-€21,381)
- Reserves -€30,000
down €30,000 (-13.5%), from €222,778 to €192,778
- Other debts +€23,696
up €23,696 (+78.7%), from €30,093 to €53,789
- Debts after one year +€3,863
up €3,863 (+24.9%), from €15,485 to €19,349
- Gross operating margin +€7,761
up €7,761 (+101%), from €7,686 to €15,447
- Other operating charges -€1,178
down €1,178 (-36.7%), from €3,213 to €2,035
- Depreciation +€1,043
up €1,043 (+9.6%), from €10,871 to €11,914
- Financial charges +€226
up €226 (+29.7%), from €761 to €987
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 | €291,730 | €290,029 | -€1,701 | -0.6% |
| Fixed assets | 21/28 | €263,665 | €273,132 | +€9,467 | +3.6% |
| Tangible fixed assets | 22/27 | €262,665 | €273,132 | +€10,467 | +4.0% |
| Land and buildings | 22 | €261,648 | €272,369 | +€10,721 | +4.1% |
| Furniture and vehicles | 24 | €1,017 | €763 | -€254 | -25.0% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €28,065 | €16,898 | -€11,167 | -39.8% |
| Amounts receivable within one year | 40/41 | €5,728 | - | -€5,728 | |
| Trade receivables | 40 | €5,500 | - | -€5,500 | |
| Other amounts receivable | 41 | €228 | - | -€228 | |
| Current investments | 50/53 | €6,805 | €6,805 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,051 | €9,815 | -€5,236 | -34.8% |
| Deferred charges and accrued income | 490/1 | €480 | €277 | -€203 | -42.3% |
| Total equity and liabilities | 10/49 | €291,730 | €290,029 | -€1,701 | -0.6% |
| Equity | 10/15 | €242,867 | €213,379 | -€29,489 | -12.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €222,778 | €192,778 | -€30,000 | -13.5% |
| Distributable reserves | 133 | €222,778 | €192,778 | -€30,000 | -13.5% |
| Profit (loss) carried forward | 14 | €1,497 | €2,009 | +€511 | +34.2% |
| Amounts payable | 17/49 | €48,863 | €76,651 | +€27,788 | +56.9% |
| Amounts payable after more than one year | 17 | €15,485 | €19,349 | +€3,863 | +24.9% |
| Financial debts | 170/4 | €15,485 | €19,349 | +€3,863 | +24.9% |
| Amounts payable within one year | 42/48 | €33,377 | €57,302 | +€23,925 | +71.7% |
| Current portion of amounts payable after more than one year | 42 | - | €1,579 | +€1,579 | |
| Trade debts | 44 | €2,159 | €434 | -€1,725 | -79.9% |
| Suppliers | 440/4 | €2,159 | €434 | -€1,725 | -79.9% |
| Taxes, remuneration and social security | 45 | €1,125 | €1,500 | +€375 | +33.3% |
| Taxes | 450/3 | €1,125 | €1,500 | +€375 | +33.3% |
| Other amounts payable | 47/48 | €30,093 | €53,789 | +€23,696 | +78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,871 | €11,914 | +€1,043 | +9.6% |
| Other operating charges | 640/8 | €3,213 | €2,035 | -€1,178 | -36.7% |
| Gross operating margin | 9900 | €7,686 | €15,447 | +€7,761 | +101% |
| Operating profit (loss) | 9901 | -€6,398 | €1,498 | +€7,896 | |
| Financial charges | 65/66B | €761 | €987 | +€226 | +29.7% |
| Recurring financial charges | 65 | €761 | €987 | +€226 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,159 | €511 | +€7,671 | |
| Profit (loss) for the period | 9904 | -€7,159 | €511 | +€7,671 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,159 | €511 | +€7,671 |
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 15 October 2026 via checked.be.