HAARCONCEPT: 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.
HAARCONCEPT
Largest movements
- Receivables within one year -€198,944
down €198,944 (-98.4%), from €202,226 to €3,282
of which Other amounts receivable: -€194,318
- Receivables after one year +€192,000
new in 2025: €192,000
- Tangible fixed assets -€17,404
down €17,404 (-18.7%), from €93,129 to €75,725
of which Furniture and vehicles: -€9,534
- Cash +€8,261
up €8,261 (+154%), from €5,373 to €13,634
mainly Receivables within one year (+€198,944) and Depreciation (+€17,404)
- Profit (loss) carried forward +€20,457
up €20,457 (+10.7%), from €191,642 to €212,099
- Debts after one year -€14,707
down €14,707 (-14.1%), from €104,640 to €89,933
- Reserves -€12,446
down €12,446 (-87.0%), from €14,306 to €1,860
of which Tax-exempt reserves: -€12,446
- Tax, wage and social debts +€8,055
up €8,055 (+17.0%), from €47,282 to €55,337
of which Taxes: +€7,361
- Current portion of long-term debt -€6,237
down €6,237 (-29.8%), from €20,944 to €14,707
- Staff costs -€13,080
down €13,080 (-9.3%), from €140,731 to €127,651
- Taxes +€9,938
up €9,938 (+2,562%), from €388 to €10,326
- Gross operating margin +€4,097
up €4,097 (+2.5%), from €163,206 to €167,302
- Financial income -€3,550
down €3,550 (-48.0%), from €7,390 to €3,840
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 | €407,092 | €393,025 | -€14,067 | -3.5% |
| Fixed assets | 21/28 | €93,621 | €76,217 | -€17,404 | -18.6% |
| Tangible fixed assets | 22/27 | €93,129 | €75,725 | -€17,404 | -18.7% |
| Plant, machinery and equipment | 23 | €989 | €754 | -€235 | -23.7% |
| Furniture and vehicles | 24 | €25,744 | €16,210 | -€9,534 | -37.0% |
| Other tangible fixed assets | 26 | €66,397 | €58,761 | -€7,636 | -11.5% |
| Financial fixed assets | 28 | €491 | €491 | = | 0.0% |
| Current assets | 29/58 | €313,471 | €316,809 | +€3,338 | +1.1% |
| Amounts receivable after more than one year | 29 | - | €192,000 | +€192,000 | |
| Other amounts receivable | 291 | - | €192,000 | +€192,000 | |
| Stocks and contracts in progress | 3 | €9,167 | €7,959 | -€1,208 | -13.2% |
| Stocks | 30/36 | €9,167 | €7,959 | -€1,208 | -13.2% |
| Amounts receivable within one year | 40/41 | €202,226 | €3,282 | -€198,944 | -98.4% |
| Trade receivables | 40 | €7,632 | €3,006 | -€4,626 | -60.6% |
| Other amounts receivable | 41 | €194,594 | €276 | -€194,318 | -99.9% |
| Cash at bank and in hand | 54/58 | €5,373 | €13,634 | +€8,261 | +154% |
| Deferred charges and accrued income | 490/1 | €96,704 | €99,934 | +€3,230 | +3.3% |
| Total equity and liabilities | 10/49 | €407,092 | €393,025 | -€14,067 | -3.5% |
| Equity | 10/15 | €212,148 | €220,159 | +€8,011 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,306 | €1,860 | -€12,446 | -87.0% |
| Tax-exempt reserves | 132 | €12,446 | €0 | -€12,446 | -100% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,642 | €212,099 | +€20,457 | +10.7% |
| Provisions and deferred taxes | 16 | €4,149 | €0 | -€4,149 | -100% |
| Deferred taxes | 168 | €4,149 | €0 | -€4,149 | -100% |
| Amounts payable | 17/49 | €190,795 | €172,866 | -€17,929 | -9.4% |
| Amounts payable after more than one year | 17 | €104,640 | €89,933 | -€14,707 | -14.1% |
| Financial debts | 170/4 | €104,640 | €89,933 | -€14,707 | -14.1% |
| Amounts payable within one year | 42/48 | €86,155 | €82,933 | -€3,222 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €20,944 | €14,707 | -€6,237 | -29.8% |
| Financial debts | 43 | €8,571 | €5,683 | -€2,888 | -33.7% |
| Credit institutions | 430/8 | €3,571 | €5,683 | +€2,112 | +59.1% |
| Other loans | 439 | €5,000 | €0 | -€5,000 | -100% |
| Trade debts | 44 | €9,358 | €5,973 | -€3,384 | -36.2% |
| Suppliers | 440/4 | €9,358 | €5,973 | -€3,384 | -36.2% |
| Taxes, remuneration and social security | 45 | €47,282 | €55,337 | +€8,055 | +17.0% |
| Taxes | 450/3 | €16,706 | €24,066 | +€7,361 | +44.1% |
| Remuneration and social security | 454/9 | €30,577 | €31,271 | +€694 | +2.3% |
| Other amounts payable | 47/48 | - | €1,232 | +€1,232 | |
| Remuneration, social security and pensions | 62 | €140,731 | €127,651 | -€13,080 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,650 | €17,404 | -€1,245 | -6.7% |
| Other operating charges | 640/8 | €1,072 | €1,085 | +€13 | +1.2% |
| Gross operating margin | 9900 | €163,206 | €167,302 | +€4,097 | +2.5% |
| Operating profit (loss) | 9901 | €2,754 | €21,163 | +€18,409 | +669% |
| Financial income | 75/76B | €7,390 | €3,840 | -€3,550 | -48.0% |
| Recurring financial income | 75 | €7,390 | €3,840 | -€3,550 | -48.0% |
| Financial charges | 65/66B | €8,452 | €9,148 | +€696 | +8.2% |
| Recurring financial charges | 65 | €8,452 | €9,148 | +€696 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €1,692 | €15,855 | +€14,163 | +837% |
| Transfer from deferred taxes | 780 | €472 | €4,149 | +€3,677 | +780% |
| Income taxes | 67/77 | €388 | €10,326 | +€9,938 | +2,562% |
| Profit (loss) for the period | 9904 | €1,775 | €9,677 | +€7,902 | +445% |
| Transfer from tax-exempt reserves | 789 | €1,414 | €12,446 | +€11,032 | +780% |
| Profit (loss) for the period to be appropriated | 9905 | €3,190 | €22,123 | +€18,933 | +594% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.