DR. HARMONIE: 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.
DR. HARMONIE
Largest movements
- Cash +€95,627
up €95,627 (+121.4%), from €78,780 to €174,407
mainly Net result for the year (+€116,985) and Deferred charges and accrued income (+€19,035)
- Receivables within one year +€41,970
up €41,970 (+82.9%), from €50,651 to €92,622
- Deferred charges and accrued income -€19,035
down €19,035 (-82.1%), from €23,197 to €4,162
- Reserves +€116,985
up €116,985 (+72.5%), from €161,352 to €278,337
- Gross operating margin -€58,567
down €58,567 (-26.8%), from €218,246 to €159,679
- Taxes -€14,302
down €14,302 (-26.3%), from €54,326 to €40,024
- Depreciation +€4,610
up €4,610 (+1611.7%), from €286 to €4,896
- Financial income +€2,488
up €2,488 (+156.9%), from €1,586 to €4,074
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 | €169,711 | €290,173 | +€120,462 | +71.0% |
| Fixed assets | 21/28 | €17,083 | €18,983 | +€1,900 | +11.1% |
| Tangible fixed assets | 22/27 | €17,083 | €18,983 | +€1,900 | +11.1% |
| Furniture and vehicles | 24 | €17,083 | €18,983 | +€1,900 | +11.1% |
| Current assets | 29/58 | €152,628 | €271,191 | +€118,562 | +77.7% |
| Amounts receivable within one year | 40/41 | €50,651 | €92,622 | +€41,970 | +82.9% |
| Other amounts receivable | 41 | €50,651 | €92,622 | +€41,970 | +82.9% |
| Cash at bank and in hand | 54/58 | €78,780 | €174,407 | +€95,627 | +121.4% |
| Deferred charges and accrued income | 490/1 | €23,197 | €4,162 | -€19,035 | -82.1% |
| Total equity and liabilities | 10/49 | €169,711 | €290,173 | +€120,462 | +71.0% |
| Equity | 10/15 | €163,352 | €280,337 | +€116,985 | +71.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €161,352 | €278,337 | +€116,985 | +72.5% |
| Distributable reserves | 133 | €161,352 | €278,337 | +€116,985 | +72.5% |
| Amounts payable | 17/49 | €6,359 | €9,836 | +€3,477 | +54.7% |
| Amounts payable within one year | 42/48 | €6,180 | €9,651 | +€3,471 | +56.2% |
| Trade debts | 44 | €1,154 | €1,875 | +€721 | +62.5% |
| Suppliers | 440/4 | €1,154 | €1,875 | +€721 | +62.5% |
| Taxes, remuneration and social security | 45 | €5,026 | €7,776 | +€2,750 | +54.7% |
| Taxes | 450/3 | €5,026 | €7,776 | +€2,750 | +54.7% |
| Accrued charges and deferred income | 492/3 | €179 | €185 | +€6 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €286 | €4,896 | +€4,610 | +1611.7% |
| Other operating charges | 640/8 | €3,783 | €1,758 | -€2,026 | -53.5% |
| Gross operating margin | 9900 | €218,246 | €159,679 | -€58,567 | -26.8% |
| Operating profit (loss) | 9901 | €214,177 | €153,025 | -€61,152 | -28.6% |
| Financial income | 75/76B | €1,586 | €4,074 | +€2,488 | +156.9% |
| Recurring financial income | 75 | €1,586 | €4,074 | +€2,488 | +156.9% |
| Financial charges | 65/66B | €85 | €90 | +€5 | +6.1% |
| Recurring financial charges | 65 | €85 | €90 | +€5 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €215,678 | €157,009 | -€58,669 | -27.2% |
| Income taxes | 67/77 | €54,326 | €40,024 | -€14,302 | -26.3% |
| Profit (loss) for the period | 9904 | €161,352 | €116,985 | -€44,367 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €161,352 | €116,985 | -€44,367 | -27.5% |
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 6 October 2026 via checked.be.