HARAL: 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.
HARAL
Largest movements
- Tangible fixed assets -€61,454
down €61,454 (-8.0%), from €763,720 to €702,265
of which Land and buildings: -€56,113
- Cash -€51,469
down €51,469 (-59.4%), from €86,609 to €35,139
mainly Other debts (-€75,757) and Receivables within one year (-€51,177)
- Receivables within one year +€51,177
up €51,177 (+507.5%), from €10,083 to €61,260
of which Trade receivables: +€51,177
- Stocks and contracts +€31,500
up €31,500 (+7.1%), from €445,300 to €476,800
- Other debts -€75,757
down €75,757 (-8.5%), from €892,667 to €816,910
- Profit (loss) carried forward +€40,034
up €40,034 (+24.5%), from -€163,390 to -€123,356
- Staff costs -€20,121
down €20,121 (-37.1%), from €54,284 to €34,163
- Gross operating margin -€9,101
down €9,101 (-5.4%), from €168,709 to €159,608
- Other operating charges +€1,851
up €1,851 (+18.7%), from €9,913 to €11,764
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 | €1,305,712 | €1,275,465 | -€30,247 | -2.3% |
| Fixed assets | 21/28 | €763,720 | €702,265 | -€61,454 | -8.0% |
| Tangible fixed assets | 22/27 | €763,720 | €702,265 | -€61,454 | -8.0% |
| Land and buildings | 22 | €730,736 | €674,623 | -€56,113 | -7.7% |
| Plant, machinery and equipment | 23 | €22,129 | €23,788 | +€1,659 | +7.5% |
| Furniture and vehicles | 24 | €10,855 | €3,855 | -€7,000 | -64.5% |
| Current assets | 29/58 | €541,992 | €573,199 | +€31,207 | +5.8% |
| Stocks and contracts in progress | 3 | €445,300 | €476,800 | +€31,500 | +7.1% |
| Stocks | 30/36 | €445,300 | €476,800 | +€31,500 | +7.1% |
| Amounts receivable within one year | 40/41 | €10,083 | €61,260 | +€51,177 | +507.5% |
| Trade receivables | 40 | €10,083 | €61,260 | +€51,177 | +507.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €86,609 | €35,139 | -€51,469 | -59.4% |
| Total equity and liabilities | 10/49 | €1,305,712 | €1,275,465 | -€30,247 | -2.3% |
| Equity | 10/15 | €397,991 | €438,025 | +€40,034 | +10.1% |
| Contributions | 10/11 | €436,200 | €436,200 | = | 0.0% |
| Reserves | 13 | €125,181 | €125,181 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €123,111 | €123,111 | = | 0.0% |
| Distributable reserves | 133 | €2,070 | €2,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,390 | -€123,356 | +€40,034 | +24.5% |
| Amounts payable | 17/49 | €907,720 | €837,440 | -€70,281 | -7.7% |
| Amounts payable within one year | 42/48 | €907,720 | €837,440 | -€70,281 | -7.7% |
| Trade debts | 44 | €9,901 | €12,690 | +€2,789 | +28.2% |
| Suppliers | 440/4 | €9,901 | €12,690 | +€2,789 | +28.2% |
| Taxes, remuneration and social security | 45 | €5,152 | €7,840 | +€2,687 | +52.2% |
| Taxes | 450/3 | €5,152 | €7,840 | +€2,687 | +52.2% |
| Other amounts payable | 47/48 | €892,667 | €816,910 | -€75,757 | -8.5% |
| Remuneration, social security and pensions | 62 | €54,284 | €34,163 | -€20,121 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,272 | €69,404 | -€868 | -1.2% |
| Other operating charges | 640/8 | €9,913 | €11,764 | +€1,851 | +18.7% |
| Gross operating margin | 9900 | €168,709 | €159,608 | -€9,101 | -5.4% |
| Operating profit (loss) | 9901 | €34,239 | €44,276 | +€10,037 | +29.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €4,385 | €4,245 | -€140 | -3.2% |
| Recurring financial charges | 65 | €4,385 | €4,245 | -€140 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €29,854 | €40,034 | +€10,180 | +34.1% |
| Profit (loss) for the period | 9904 | €29,854 | €40,034 | +€10,180 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,854 | €40,034 | +€10,180 | +34.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.