HAARTIEST: 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.
HAARTIEST
Largest movements
- Receivables within one year -€37,134
down €37,134 (-72.4%), from €51,281 to €14,147
of which Other amounts receivable: -€42,405
- Tangible fixed assets -€7,492
down €7,492 (-12.4%), from €60,196 to €52,705
of which Land and buildings: -€9,636
- Deferred charges and accrued income -€4,546
down €4,546 (-94.1%), from €4,830 to €283
- Cash +€2,502
up €2,502 (+64.5%), from €3,879 to €6,381
mainly Receivables within one year (+€37,134) and Depreciation (+€10,272)
- Stocks and contracts +€1,879
up €1,879 (+417%), from €450 to €2,329
- Debts after one year -€45,635
down €45,635 (-82.5%), from €55,324 to €9,689
- Current portion of long-term debt -€9,128
down €9,128 (-86.7%), from €10,534 to €1,406
- Tax, wage and social debts +€8,406
up €8,406 (+91.6%), from €9,178 to €17,584
of which Taxes: +€6,933
- Staff costs +€13,884
up €13,884 (+29.9%), from €46,385 to €60,269
- Gross operating margin +€13,343
up €13,343 (+19.7%), from €67,698 to €81,041
- Financial charges -€2,835
down €2,835 (-58.2%), from €4,871 to €2,037
- Taxes +€2,766
up €2,766 (+158%), from €1,756 to €4,521
- Financial income -€1,326
down €1,326 (-47.6%), from €2,789 to €1,462
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 | €120,636 | €75,844 | -€44,791 | -37.1% |
| Fixed assets | 21/28 | €60,196 | €52,705 | -€7,492 | -12.4% |
| Tangible fixed assets | 22/27 | €60,196 | €52,705 | -€7,492 | -12.4% |
| Land and buildings | 22 | €60,196 | €50,561 | -€9,636 | -16.0% |
| Plant, machinery and equipment | 23 | - | €976 | +€976 | |
| Furniture and vehicles | 24 | - | €1,168 | +€1,168 | |
| Current assets | 29/58 | €60,439 | €23,139 | -€37,300 | -61.7% |
| Stocks and contracts in progress | 3 | €450 | €2,329 | +€1,879 | +417% |
| Stocks | 30/36 | €450 | €2,329 | +€1,879 | +417% |
| Amounts receivable within one year | 40/41 | €51,281 | €14,147 | -€37,134 | -72.4% |
| Trade receivables | 40 | €2,245 | €7,517 | +€5,271 | +235% |
| Other amounts receivable | 41 | €49,035 | €6,630 | -€42,405 | -86.5% |
| Cash at bank and in hand | 54/58 | €3,879 | €6,381 | +€2,502 | +64.5% |
| Deferred charges and accrued income | 490/1 | €4,830 | €283 | -€4,546 | -94.1% |
| Total equity and liabilities | 10/49 | €120,636 | €75,844 | -€44,791 | -37.1% |
| Equity | 10/15 | €29,158 | €30,144 | +€986 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,958 | €23,944 | +€986 | +4.3% |
| Distributable reserves | 133 | €22,958 | €23,944 | +€986 | +4.3% |
| Amounts payable | 17/49 | €91,477 | €45,700 | -€45,778 | -50.0% |
| Amounts payable after more than one year | 17 | €55,324 | €9,689 | -€45,635 | -82.5% |
| Financial debts | 170/4 | €55,324 | €9,689 | -€45,635 | -82.5% |
| Amounts payable within one year | 42/48 | €35,555 | €36,010 | +€455 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €10,534 | €1,406 | -€9,128 | -86.7% |
| Financial debts | 43 | €3,871 | €4,004 | +€133 | +3.4% |
| Credit institutions | 430/8 | €3,871 | €4,004 | +€133 | +3.4% |
| Trade debts | 44 | €11,972 | €13,016 | +€1,044 | +8.7% |
| Suppliers | 440/4 | €11,972 | €13,016 | +€1,044 | +8.7% |
| Taxes, remuneration and social security | 45 | €9,178 | €17,584 | +€8,406 | +91.6% |
| Taxes | 450/3 | €2,888 | €9,821 | +€6,933 | +240% |
| Remuneration and social security | 454/9 | €6,290 | €7,763 | +€1,473 | +23.4% |
| Accrued charges and deferred income | 492/3 | €598 | €0 | -€598 | -100% |
| Remuneration, social security and pensions | 62 | €46,385 | €60,269 | +€13,884 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,320 | €10,272 | -€49 | -0.5% |
| Other operating charges | 640/8 | €4,102 | €4,418 | +€316 | +7.7% |
| Gross operating margin | 9900 | €67,698 | €81,041 | +€13,343 | +19.7% |
| Operating profit (loss) | 9901 | €6,891 | €6,082 | -€808 | -11.7% |
| Financial income | 75/76B | €2,789 | €1,462 | -€1,326 | -47.6% |
| Recurring financial income | 75 | €2,789 | €1,462 | -€1,326 | -47.6% |
| Financial charges | 65/66B | €4,871 | €2,037 | -€2,835 | -58.2% |
| Recurring financial charges | 65 | €4,871 | €2,037 | -€2,835 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €4,808 | €5,508 | +€700 | +14.6% |
| Income taxes | 67/77 | €1,756 | €4,521 | +€2,766 | +158% |
| Profit (loss) for the period | 9904 | €3,052 | €986 | -€2,066 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,052 | €986 | -€2,066 | -67.7% |
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 28 October 2026 via checked.be.