H&RMONIZE: 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.
H&RMONIZE
Largest movements
- Receivables within one year +€10,503
up €10,503, from €0 to €10,503
of which Trade receivables: +€10,503
- Deferred charges and accrued income +€5,447
new in 2025: €5,447
- Tangible fixed assets +€5,077
new in 2025: €5,077
- Cash +€4,915
up €4,915 (+2,393%), from €205 to €5,120
mainly Tax, wage and social debts (+€12,261) and Net result for the year (+€10,286)
- Tax, wage and social debts +€12,261
up €12,261 (+15,811%), from €78 to €12,339
- Profit (loss) carried forward +€10,286
up €10,286 (+98.4%), from -€10,450 to -€164
- Trade debts +€3,580
up €3,580 (+924%), from €387 to €3,967
- Gross operating margin +€18,091
up €18,091 (+11,203%), from €161 to €18,252
- Taxes +€4,633
new in 2025: €4,633
- Financial charges +€2,277
up €2,277 (+2,181%), from €104 to €2,382
- Depreciation +€390
new in 2025: €390
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 | €205 | €26,147 | +€25,941 | +12,631% |
| Fixed assets | 21/28 | - | €5,077 | +€5,077 | |
| Tangible fixed assets | 22/27 | - | €5,077 | +€5,077 | |
| Furniture and vehicles | 24 | - | €5,077 | +€5,077 | |
| Current assets | 29/58 | €205 | €21,069 | +€20,864 | +10,159% |
| Amounts receivable within one year | 40/41 | €0 | €10,503 | +€10,503 | |
| Trade receivables | 40 | - | €10,503 | +€10,503 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €205 | €5,120 | +€4,915 | +2,393% |
| Deferred charges and accrued income | 490/1 | - | €5,447 | +€5,447 | |
| Total equity and liabilities | 10/49 | €205 | €26,147 | +€25,941 | +12,631% |
| Equity | 10/15 | -€450 | €9,836 | +€10,286 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,450 | -€164 | +€10,286 | +98.4% |
| Amounts payable | 17/49 | €655 | €16,311 | +€15,655 | +2,389% |
| Amounts payable within one year | 42/48 | €655 | €16,311 | +€15,655 | +2,389% |
| Trade debts | 44 | €387 | €3,967 | +€3,580 | +924% |
| Suppliers | 440/4 | €387 | €3,967 | +€3,580 | +924% |
| Taxes, remuneration and social security | 45 | €78 | €12,339 | +€12,261 | +15,811% |
| Taxes | 450/3 | €78 | €12,339 | +€12,261 | +15,811% |
| Other amounts payable | 47/48 | €190 | €4 | -€186 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €390 | +€390 | |
| Other operating charges | 640/8 | €505 | €562 | +€57 | +11.3% |
| Gross operating margin | 9900 | €161 | €18,252 | +€18,091 | +11,203% |
| Operating profit (loss) | 9901 | -€344 | €17,300 | +€17,644 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €104 | €2,382 | +€2,277 | +2,181% |
| Recurring financial charges | 65 | €104 | €2,382 | +€2,277 | +2,181% |
| Profit (loss) for the period before taxes | 9903 | -€448 | €14,919 | +€15,367 | |
| Income taxes | 67/77 | - | €4,633 | +€4,633 | |
| Profit (loss) for the period | 9904 | -€448 | €10,286 | +€10,734 | |
| Profit (loss) for the period to be appropriated | 9905 | -€448 | €10,286 | +€10,734 |
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 17 October 2026 via checked.be.