H4HARMONY: 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.
H4HARMONY
Largest movements
- Stocks and contracts +€44,235
up €44,235 (+224.2%), from €19,728 to €63,963
- Receivables within one year +€22,328
new in 2025: €22,328
of which Trade receivables: +€16,010
- Cash -€6,375
down €6,375 (-74.7%), from €8,531 to €2,156
mainly Stocks and contracts (-€44,235) and Receivables within one year (-€22,328)
- Tangible fixed assets +€1,214
up €1,214 (+115.6%), from €1,050 to €2,264
- Trade debts +€52,129
up €52,129 (+312.0%), from €16,707 to €68,836
- Reserves +€12,196
new in 2025: €12,196
- Tax, wage and social debts -€2,704
down €2,704 (-21.2%), from €12,749 to €10,046
- Turnover +€165,300
new in 2025: €165,300
- Purchases and services +€149,047
new in 2025: €149,047
- Gross operating margin +€24,615
up €24,615, from -€8,362 to €16,253
- Other operating charges +€1,854
new in 2025: €1,854
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 | €29,309 | €90,710 | +€61,401 | +209.5% |
| Fixed assets | 21/28 | €1,050 | €2,264 | +€1,214 | +115.6% |
| Tangible fixed assets | 22/27 | €1,050 | €2,264 | +€1,214 | +115.6% |
| Other tangible fixed assets | 26 | €1,050 | €2,264 | +€1,214 | +115.6% |
| Current assets | 29/58 | €28,259 | €88,446 | +€60,188 | +213.0% |
| Stocks and contracts in progress | 3 | €19,728 | €63,963 | +€44,235 | +224.2% |
| Stocks | 30/36 | €19,728 | €63,963 | +€44,235 | +224.2% |
| Amounts receivable within one year | 40/41 | - | €22,328 | +€22,328 | |
| Trade receivables | 40 | - | €16,010 | +€16,010 | |
| Other amounts receivable | 41 | - | €6,318 | +€6,318 | |
| Cash at bank and in hand | 54/58 | €8,531 | €2,156 | -€6,375 | -74.7% |
| Total equity and liabilities | 10/49 | €29,309 | €90,710 | +€61,401 | +209.5% |
| Equity | 10/15 | -€367 | €11,828 | +€12,196 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €12,196 | +€12,196 | |
| Distributable reserves | 133 | - | €12,196 | +€12,196 | |
| Profit (loss) carried forward | 14 | -€10,367 | -€10,367 | = | 0.0% |
| Amounts payable | 17/49 | €29,676 | €78,881 | +€49,205 | +165.8% |
| Amounts payable within one year | 42/48 | €29,676 | €78,881 | +€49,205 | +165.8% |
| Trade debts | 44 | €16,707 | €68,836 | +€52,129 | +312.0% |
| Suppliers | 440/4 | €16,707 | €68,836 | +€52,129 | +312.0% |
| Taxes, remuneration and social security | 45 | €12,749 | €10,046 | -€2,704 | -21.2% |
| Taxes | 450/3 | €12,749 | €10,046 | -€2,704 | -21.2% |
| Other amounts payable | 47/48 | €219 | - | -€219 | |
| Turnover | 70 | - | €165,300 | +€165,300 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €149,047 | +€149,047 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,646 | €427 | -€1,219 | -74.1% |
| Other operating charges | 640/8 | - | €1,854 | +€1,854 | |
| Gross operating margin | 9900 | -€8,362 | €16,253 | +€24,615 | |
| Operating profit (loss) | 9901 | -€10,008 | €13,973 | +€23,981 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €359 | €1,081 | +€722 | +201.0% |
| Recurring financial charges | 65 | €359 | €1,081 | +€722 | +201.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,367 | €12,893 | +€23,260 | |
| Income taxes | 67/77 | - | €698 | +€698 | |
| Profit (loss) for the period | 9904 | -€10,367 | €12,196 | +€22,563 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,367 | €12,196 | +€22,563 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.