HAAR-DECO-IVAN: 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.
HAAR-DECO-IVAN
Largest movements
- Tangible fixed assets +€42,926
up €42,926 (+121%), from €35,515 to €78,441
of which Furniture and vehicles: +€55,100
- Receivables within one year -€8,275
down €8,275 (-51.6%), from €16,039 to €7,764
- Cash -€2,587
down €2,587 (-5.3%), from €49,062 to €46,476
mainly Investment in fixed assets (net) (-€56,620) and Other debts (-€12,000)
- Deferred charges and accrued income -€1,834
down €1,834 (-98.7%), from €1,858 to €24
- Debts after one year +€26,477
up €26,477 (+393%), from €6,736 to €33,212
- Reserves +€15,542
up €15,542 (+36.5%), from €42,554 to €58,096
of which Distributable reserves: +€15,542
- Other debts -€12,000
no longer reported in 2025 (was €12,000)
- Current portion of long-term debt +€9,635
up €9,635 (+71.6%), from €13,462 to €23,098
- Tax, wage and social debts -€6,879
down €6,879 (-57.3%), from €12,014 to €5,135
of which Taxes: -€7,922
- Gross operating margin +€10,545
up €10,545 (+15.5%), from €68,174 to €78,719
- Staff costs +€8,384
up €8,384 (+25.3%), from €33,085 to €41,468
- Depreciation +€1,069
up €1,069 (+8.5%), from €12,625 to €13,694
- Taxes -€868
down €868 (-13.6%), from €6,405 to €5,537
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 | €115,528 | €146,505 | +€30,977 | +26.8% |
| Fixed assets | 21/28 | €38,140 | €81,066 | +€42,926 | +113% |
| Tangible fixed assets | 22/27 | €35,515 | €78,441 | +€42,926 | +121% |
| Plant, machinery and equipment | 23 | €5,357 | €3,701 | -€1,655 | -30.9% |
| Furniture and vehicles | 24 | €248 | €55,348 | +€55,100 | +22,224% |
| Leasing and similar rights | 25 | €16,933 | €10,607 | -€6,326 | -37.4% |
| Other tangible fixed assets | 26 | €12,978 | €8,785 | -€4,193 | -32.3% |
| Financial fixed assets | 28 | €2,625 | €2,625 | = | 0.0% |
| Current assets | 29/58 | €77,387 | €65,439 | -€11,949 | -15.4% |
| Stocks and contracts in progress | 3 | €10,428 | €11,176 | +€747 | +7.2% |
| Stocks | 30/36 | €10,428 | €11,176 | +€747 | +7.2% |
| Amounts receivable within one year | 40/41 | €16,039 | €7,764 | -€8,275 | -51.6% |
| Other amounts receivable | 41 | €16,039 | €7,764 | -€8,275 | -51.6% |
| Cash at bank and in hand | 54/58 | €49,062 | €46,476 | -€2,587 | -5.3% |
| Deferred charges and accrued income | 490/1 | €1,858 | €24 | -€1,834 | -98.7% |
| Total equity and liabilities | 10/49 | €115,528 | €146,505 | +€30,977 | +26.8% |
| Equity | 10/15 | €67,554 | €83,096 | +€15,542 | +23.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €42,554 | €58,096 | +€15,542 | +36.5% |
| Tax-exempt reserves | 132 | €308 | €308 | = | 0.0% |
| Distributable reserves | 133 | €42,245 | €57,787 | +€15,542 | +36.8% |
| Amounts payable | 17/49 | €47,974 | €63,409 | +€15,435 | +32.2% |
| Amounts payable after more than one year | 17 | €6,736 | €33,212 | +€26,477 | +393% |
| Financial debts | 170/4 | €6,736 | €33,212 | +€26,477 | +393% |
| Amounts payable within one year | 42/48 | €41,239 | €30,197 | -€11,042 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €13,462 | €23,098 | +€9,635 | +71.6% |
| Trade debts | 44 | €3,762 | €1,965 | -€1,797 | -47.8% |
| Suppliers | 440/4 | €3,762 | €1,965 | -€1,797 | -47.8% |
| Taxes, remuneration and social security | 45 | €12,014 | €5,135 | -€6,879 | -57.3% |
| Taxes | 450/3 | €7,922 | - | -€7,922 | |
| Remuneration and social security | 454/9 | €4,092 | €5,135 | +€1,043 | +25.5% |
| Other amounts payable | 47/48 | €12,000 | - | -€12,000 | |
| Remuneration, social security and pensions | 62 | €33,085 | €41,468 | +€8,384 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,625 | €13,694 | +€1,069 | +8.5% |
| Other operating charges | 640/8 | €1,575 | €1,530 | -€46 | -2.9% |
| Gross operating margin | 9900 | €68,174 | €78,719 | +€10,545 | +15.5% |
| Operating profit (loss) | 9901 | €20,889 | €22,027 | +€1,138 | +5.4% |
| Financial income | 75/76B | €14 | €483 | +€469 | +3,318% |
| Recurring financial income | 75 | €14 | €483 | +€469 | +3,318% |
| Financial charges | 65/66B | €2,120 | €1,431 | -€689 | -32.5% |
| Recurring financial charges | 65 | €2,120 | €1,431 | -€689 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €18,783 | €21,079 | +€2,296 | +12.2% |
| Income taxes | 67/77 | €6,405 | €5,537 | -€868 | -13.6% |
| Profit (loss) for the period | 9904 | €12,378 | €15,542 | +€3,164 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,378 | €15,542 | +€3,164 | +25.6% |
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 14 October 2026 via checked.be.