HAARMODE CEULEMANS: 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.
HAARMODE CEULEMANS
Largest movements
- Cash +€5,508
up €5,508 (+31.9%), from €17,263 to €22,771
mainly Net result for the year (+€4,797) and Current portion of long-term debt (+€3,543)
- Tangible fixed assets +€5,437
up €5,437 (+325.8%), from €1,669 to €7,106
of which Furniture and vehicles: +€6,377
- Financial fixed assets +€472
up €472 (+12.9%), from €3,645 to €4,117
- Receivables within one year +€425
up €425, from €0 to €425
- Profit (loss) carried forward +€4,797
up €4,797 (+23.1%), from -€20,803 to -€16,006
- Current portion of long-term debt +€3,543
up €3,543, from €0 to €3,543
- Tax, wage and social debts +€2,307
up €2,307 (+125.0%), from €1,846 to €4,152
of which Remuneration and social security: +€1,714
- Debts after one year +€1,814
new in 2025: €1,814
- Other debts -€890
down €890 (-14.3%), from €6,223 to €5,333
- Gross operating margin -€7,999
down €7,999 (-47.4%), from €16,866 to €8,868
- Staff costs -€2,024
down €2,024, from €1,203 to -€821
- Taxes -€1,274
down €1,274 (-41.8%), from €3,049 to €1,775
- Depreciation +€709
up €709 (+75.4%), from €940 to €1,649
- Financial income +€542
up €542, from €0 to €542
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 | €28,700 | €40,543 | +€11,843 | +41.3% |
| Fixed assets | 21/28 | €5,314 | €11,224 | +€5,909 | +111.2% |
| Tangible fixed assets | 22/27 | €1,669 | €7,106 | +€5,437 | +325.8% |
| Plant, machinery and equipment | 23 | €1,669 | €729 | -€940 | -56.3% |
| Furniture and vehicles | 24 | - | €6,377 | +€6,377 | |
| Financial fixed assets | 28 | €3,645 | €4,117 | +€472 | +12.9% |
| Current assets | 29/58 | €23,386 | €29,319 | +€5,934 | +25.4% |
| Stocks and contracts in progress | 3 | €6,123 | €6,123 | = | 0.0% |
| Stocks | 30/36 | €6,123 | €6,123 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €425 | +€425 | |
| Other amounts receivable | 41 | €0 | €425 | +€425 | |
| Cash at bank and in hand | 54/58 | €17,263 | €22,771 | +€5,508 | +31.9% |
| Total equity and liabilities | 10/49 | €28,700 | €40,543 | +€11,843 | +41.3% |
| Equity | 10/15 | €19,197 | €23,994 | +€4,797 | +25.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,803 | -€16,006 | +€4,797 | +23.1% |
| Amounts payable | 17/49 | €9,503 | €16,549 | +€7,046 | +74.1% |
| Amounts payable after more than one year | 17 | - | €1,814 | +€1,814 | |
| Financial debts | 170/4 | - | €1,814 | +€1,814 | |
| Amounts payable within one year | 42/48 | €9,503 | €14,735 | +€5,232 | +55.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,543 | +€3,543 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,435 | €1,708 | +€273 | +19.0% |
| Suppliers | 440/4 | €1,435 | €1,708 | +€273 | +19.0% |
| Taxes, remuneration and social security | 45 | €1,846 | €4,152 | +€2,307 | +125.0% |
| Taxes | 450/3 | €1,846 | €2,438 | +€592 | +32.1% |
| Remuneration and social security | 454/9 | €0 | €1,714 | +€1,714 | |
| Other amounts payable | 47/48 | €6,223 | €5,333 | -€890 | -14.3% |
| Remuneration, social security and pensions | 62 | €1,203 | -€821 | -€2,024 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €940 | €1,649 | +€709 | +75.4% |
| Other operating charges | 640/8 | €1,152 | €1,184 | +€32 | +2.8% |
| Gross operating margin | 9900 | €16,866 | €8,868 | -€7,999 | -47.4% |
| Operating profit (loss) | 9901 | €13,571 | €6,856 | -€6,715 | -49.5% |
| Financial income | 75/76B | €0 | €542 | +€542 | |
| Recurring financial income | 75 | €0 | €542 | +€542 | |
| Financial charges | 65/66B | €708 | €826 | +€118 | +16.7% |
| Recurring financial charges | 65 | €708 | €826 | +€118 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €12,863 | €6,572 | -€6,291 | -48.9% |
| Income taxes | 67/77 | €3,049 | €1,775 | -€1,274 | -41.8% |
| Profit (loss) for the period | 9904 | €9,814 | €4,797 | -€5,017 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,814 | €4,797 | -€5,017 | -51.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.