HARACO: 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.
HARACO
Largest movements
- Tangible fixed assets +€13,544
up €13,544 (+152%), from €8,911 to €22,455
of which Furniture and vehicles: +€12,485
- Cash +€11,708
up €11,708 (+125%), from €9,351 to €21,060
mainly Net result for the year (+€20,618) and Current portion of long-term debt (+€3,812)
- Receivables within one year +€4,132
up €4,132 (+14.7%), from €28,042 to €32,174
of which Other amounts receivable: +€4,167
- Deferred charges and accrued income +€1,821
up €1,821 (+16.2%), from €11,270 to €13,090
- Profit (loss) carried forward +€20,618
up €20,618 (+53.5%), from €38,517 to €59,134
- Current portion of long-term debt +€3,812
new in 2025: €3,812
- Trade debts +€3,199
up €3,199 (+1,538%), from €208 to €3,407
- Debts after one year +€2,700
new in 2025: €2,700
- Financial charges -€2,405
down €2,405 (-88.0%), from €2,732 to €327
- Gross operating margin +€845
up €845 (+2.8%), from €30,134 to €30,979
- Taxes +€459
up €459 (+7.5%), from €6,116 to €6,576
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 | €57,574 | €88,779 | +€31,206 | +54.2% |
| Fixed assets | 21/28 | €8,911 | €22,455 | +€13,544 | +152% |
| Tangible fixed assets | 22/27 | €8,911 | €22,455 | +€13,544 | +152% |
| Plant, machinery and equipment | 23 | €1,375 | €2,435 | +€1,060 | +77.0% |
| Furniture and vehicles | 24 | €7,536 | €20,020 | +€12,485 | +166% |
| Current assets | 29/58 | €48,663 | €66,324 | +€17,661 | +36.3% |
| Amounts receivable within one year | 40/41 | €28,042 | €32,174 | +€4,132 | +14.7% |
| Trade receivables | 40 | €12,325 | €12,290 | -€35 | -0.3% |
| Other amounts receivable | 41 | €15,717 | €19,884 | +€4,167 | +26.5% |
| Cash at bank and in hand | 54/58 | €9,351 | €21,060 | +€11,708 | +125% |
| Deferred charges and accrued income | 490/1 | €11,270 | €13,090 | +€1,821 | +16.2% |
| Total equity and liabilities | 10/49 | €57,574 | €88,779 | +€31,206 | +54.2% |
| Equity | 10/15 | €44,717 | €65,334 | +€20,618 | +46.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,517 | €59,134 | +€20,618 | +53.5% |
| Amounts payable | 17/49 | €12,857 | €23,445 | +€10,588 | +82.4% |
| Amounts payable after more than one year | 17 | - | €2,700 | +€2,700 | |
| Financial debts | 170/4 | - | €2,700 | +€2,700 | |
| Amounts payable within one year | 42/48 | €12,857 | €20,745 | +€7,888 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | - | €3,812 | +€3,812 | |
| Financial debts | 43 | €8,000 | €8,877 | +€877 | +11.0% |
| Credit institutions | 430/8 | €8,000 | €8,877 | +€877 | +11.0% |
| Trade debts | 44 | €208 | €3,407 | +€3,199 | +1,538% |
| Suppliers | 440/4 | €208 | €3,407 | +€3,199 | +1,538% |
| Taxes, remuneration and social security | 45 | €4,649 | €4,649 | = | 0.0% |
| Taxes | 450/3 | €4,649 | €4,649 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,345 | €2,360 | +€16 | +0.7% |
| Other operating charges | 640/8 | €1,155 | €1,098 | -€56 | -4.9% |
| Gross operating margin | 9900 | €30,134 | €30,979 | +€845 | +2.8% |
| Operating profit (loss) | 9901 | €26,634 | €27,520 | +€886 | +3.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,732 | €327 | -€2,405 | -88.0% |
| Recurring financial charges | 65 | €2,732 | €327 | -€2,405 | -88.0% |
| Profit (loss) for the period before taxes | 9903 | €23,902 | €27,193 | +€3,291 | +13.8% |
| Income taxes | 67/77 | €6,116 | €6,576 | +€459 | +7.5% |
| Profit (loss) for the period | 9904 | €17,786 | €20,618 | +€2,832 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,786 | €20,618 | +€2,832 | +15.9% |
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 18 October 2026 via checked.be.