HAARJUWEEL: 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.
HAARJUWEEL
Largest movements
- Tangible fixed assets -€17,415
down €17,415 (-8.4%), from €206,584 to €189,170
of which Other tangible fixed assets: -€13,749
- Receivables within one year -€6,770
down €6,770 (-93.2%), from €7,265 to €495
of which Trade receivables: -€6,850
- Stocks and contracts +€5,831
up €5,831 (+42.1%), from €13,839 to €19,670
- Deferred charges and accrued income +€3,456
new in 2025: €3,456
- Cash +€3,454
up €3,454 (+102%), from €3,373 to €6,826
mainly Depreciation (+€17,415) and Tax, wage and social debts (+€12,270)
- Other debts -€18,443
down €18,443 (-13.0%), from €141,571 to €123,128
- Tax, wage and social debts +€12,270
up €12,270 (+72.7%), from €16,870 to €29,140
of which Taxes: +€8,799
- Trade debts -€7,306
down €7,306 (-44.9%), from €16,274 to €8,968
- Profit (loss) carried forward +€6,762
up €6,762 (+46.9%), from €14,429 to €21,190
- Debts after one year -€4,845
down €4,845 (-14.0%), from €34,691 to €29,846
- Gross operating margin +€19,601
up €19,601 (+27.2%), from €72,047 to €91,649
- Depreciation +€16,600
up €16,600 (+2,037%), from €815 to €17,415
- Staff costs -€6,147
down €6,147 (-9.6%), from €63,798 to €57,652
- Financial charges +€3,579
up €3,579 (+212%), from €1,692 to €5,271
- Taxes +€2,420
up €2,420 (+173%), from €1,395 to €3,815
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 | €231,061 | €219,617 | -€11,444 | -5.0% |
| Fixed assets | 21/28 | €206,584 | €189,170 | -€17,415 | -8.4% |
| Tangible fixed assets | 22/27 | €206,584 | €189,170 | -€17,415 | -8.4% |
| Plant, machinery and equipment | 23 | €8,453 | €5,731 | -€2,722 | -32.2% |
| Furniture and vehicles | 24 | €1,558 | €615 | -€943 | -60.5% |
| Other tangible fixed assets | 26 | €196,573 | €182,823 | -€13,749 | -7.0% |
| Current assets | 29/58 | €24,477 | €30,447 | +€5,970 | +24.4% |
| Stocks and contracts in progress | 3 | €13,839 | €19,670 | +€5,831 | +42.1% |
| Stocks | 30/36 | €13,839 | €19,670 | +€5,831 | +42.1% |
| Amounts receivable within one year | 40/41 | €7,265 | €495 | -€6,770 | -93.2% |
| Trade receivables | 40 | €7,265 | €415 | -€6,850 | -94.3% |
| Other amounts receivable | 41 | - | €80 | +€80 | |
| Cash at bank and in hand | 54/58 | €3,373 | €6,826 | +€3,454 | +102% |
| Deferred charges and accrued income | 490/1 | - | €3,456 | +€3,456 | |
| Total equity and liabilities | 10/49 | €231,061 | €219,617 | -€11,444 | -5.0% |
| Equity | 10/15 | €16,929 | €23,690 | +€6,762 | +39.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,429 | €21,190 | +€6,762 | +46.9% |
| Amounts payable | 17/49 | €214,132 | €195,927 | -€18,206 | -8.5% |
| Amounts payable after more than one year | 17 | €34,691 | €29,846 | -€4,845 | -14.0% |
| Financial debts | 170/4 | €34,691 | €29,846 | -€4,845 | -14.0% |
| Amounts payable within one year | 42/48 | €179,441 | €166,080 | -€13,361 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €4,726 | €4,845 | +€119 | +2.5% |
| Trade debts | 44 | €16,274 | €8,968 | -€7,306 | -44.9% |
| Suppliers | 440/4 | €16,274 | €8,968 | -€7,306 | -44.9% |
| Taxes, remuneration and social security | 45 | €16,870 | €29,140 | +€12,270 | +72.7% |
| Taxes | 450/3 | €11,163 | €19,962 | +€8,799 | +78.8% |
| Remuneration and social security | 454/9 | €5,707 | €9,178 | +€3,471 | +60.8% |
| Other amounts payable | 47/48 | €141,571 | €123,128 | -€18,443 | -13.0% |
| Remuneration, social security and pensions | 62 | €63,798 | €57,652 | -€6,147 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €815 | €17,415 | +€16,600 | +2,037% |
| Other operating charges | 640/8 | €868 | €735 | -€132 | -15.3% |
| Gross operating margin | 9900 | €72,047 | €91,649 | +€19,601 | +27.2% |
| Operating profit (loss) | 9901 | €6,566 | €15,847 | +€9,281 | +141% |
| Financial income | 75/76B | €941 | €0 | -€941 | -100% |
| Recurring financial income | 75 | €941 | €0 | -€941 | -100% |
| Financial charges | 65/66B | €1,692 | €5,271 | +€3,579 | +212% |
| Recurring financial charges | 65 | €1,692 | €5,271 | +€3,579 | +212% |
| Profit (loss) for the period before taxes | 9903 | €5,816 | €10,577 | +€4,761 | +81.9% |
| Income taxes | 67/77 | €1,395 | €3,815 | +€2,420 | +173% |
| Profit (loss) for the period | 9904 | €4,420 | €6,762 | +€2,341 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,420 | €6,762 | +€2,341 | +53.0% |
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 26 October 2026 via checked.be.