HARAPAN: 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.
HARAPAN
Largest movements
- Tangible fixed assets -€62,554
down €62,554 (-9.6%), from €648,687 to €586,132
of which Other tangible fixed assets: -€57,022
- Cash +€37,818
up €37,818 (+101%), from €37,371 to €75,189
mainly Debts after one year (+€254,300) and Depreciation (+€68,982)
- Receivables within one year +€10,186
up €10,186 (+33.5%), from €30,433 to €40,618
of which Trade receivables: +€33,185
- Other debts -€332,051
down €332,051 (-97.1%), from €342,051 to €10,000
- Debts after one year +€254,300
up €254,300 (+80.5%), from €315,776 to €570,076
of which Other amounts payable: +€307,044
- Profit (loss) carried forward +€54,856
up €54,856 (+35.0%), from -€156,685 to -€101,829
- Trade debts -€39,810
down €39,810 (-22.6%), from €176,531 to €136,722
- Short-term financial debts +€25,719
up €25,719 (+93.7%), from €27,459 to €53,178
- Gross operating margin +€481,813
up €481,813, from -€10,000 to €471,813
- Staff costs +€237,100
up €237,100 (+274%), from €86,477 to €323,577
- Depreciation +€46,868
up €46,868 (+212%), from €22,114 to €68,982
- Financial charges +€18,243
up €18,243 (+296%), from €6,155 to €24,399
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 | €803,144 | €777,873 | -€25,271 | -3.1% |
| Formation expenses | 20 | €709 | €479 | -€230 | -32.4% |
| Fixed assets | 21/28 | €663,572 | €601,017 | -€62,554 | -9.4% |
| Tangible fixed assets | 22/27 | €648,687 | €586,132 | -€62,554 | -9.6% |
| Plant, machinery and equipment | 23 | €38,087 | €32,855 | -€5,232 | -13.7% |
| Furniture and vehicles | 24 | €1,449 | €1,149 | -€300 | -20.7% |
| Other tangible fixed assets | 26 | €609,150 | €552,128 | -€57,022 | -9.4% |
| Financial fixed assets | 28 | €14,885 | €14,885 | = | 0.0% |
| Current assets | 29/58 | €138,864 | €176,377 | +€37,513 | +27.0% |
| Stocks and contracts in progress | 3 | €56,345 | €52,247 | -€4,098 | -7.3% |
| Stocks | 30/36 | €56,345 | €52,247 | -€4,098 | -7.3% |
| Amounts receivable within one year | 40/41 | €30,433 | €40,618 | +€10,186 | +33.5% |
| Trade receivables | 40 | €3,474 | €36,659 | +€33,185 | +955% |
| Other amounts receivable | 41 | €26,958 | €3,959 | -€22,999 | -85.3% |
| Cash at bank and in hand | 54/58 | €37,371 | €75,189 | +€37,818 | +101% |
| Deferred charges and accrued income | 490/1 | €14,716 | €8,323 | -€6,393 | -43.4% |
| Total equity and liabilities | 10/49 | €803,144 | €777,873 | -€25,271 | -3.1% |
| Equity | 10/15 | -€146,685 | -€91,829 | +€54,856 | +37.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,685 | -€101,829 | +€54,856 | +35.0% |
| Amounts payable | 17/49 | €949,830 | €869,702 | -€80,128 | -8.4% |
| Amounts payable after more than one year | 17 | €315,776 | €570,076 | +€254,300 | +80.5% |
| Financial debts | 170/4 | €315,776 | €263,032 | -€52,744 | -16.7% |
| Other amounts payable | 178/9 | - | €307,044 | +€307,044 | |
| Amounts payable within one year | 42/48 | €631,254 | €299,627 | -€331,628 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €51,992 | €52,744 | +€752 | +1.4% |
| Financial debts | 43 | €27,459 | €53,178 | +€25,719 | +93.7% |
| Credit institutions | 430/8 | €27,459 | €53,178 | +€25,719 | +93.7% |
| Trade debts | 44 | €176,531 | €136,722 | -€39,810 | -22.6% |
| Suppliers | 440/4 | €176,531 | €136,722 | -€39,810 | -22.6% |
| Taxes, remuneration and social security | 45 | €33,221 | €46,983 | +€13,763 | +41.4% |
| Taxes | 450/3 | €5,231 | €5,488 | +€257 | +4.9% |
| Remuneration and social security | 454/9 | €27,990 | €41,496 | +€13,506 | +48.3% |
| Other amounts payable | 47/48 | €342,051 | €10,000 | -€332,051 | -97.1% |
| Accrued charges and deferred income | 492/3 | €2,800 | - | -€2,800 | |
| Remuneration, social security and pensions | 62 | €86,477 | €323,577 | +€237,100 | +274% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,114 | €68,982 | +€46,868 | +212% |
| Other operating charges | 640/8 | €3,000 | €6 | -€2,995 | -99.8% |
| Non-recurring operating charges | 66A | €885 | - | -€885 | |
| Gross operating margin | 9900 | -€10,000 | €471,813 | +€481,813 | |
| Operating profit (loss) | 9901 | -€122,476 | €79,248 | +€201,724 | |
| Financial income | 75/76B | €138 | €7 | -€131 | -94.9% |
| Recurring financial income | 75 | €138 | €7 | -€131 | -94.9% |
| Financial charges | 65/66B | €6,155 | €24,399 | +€18,243 | +296% |
| Recurring financial charges | 65 | €6,155 | €24,399 | +€18,243 | +296% |
| Profit (loss) for the period before taxes | 9903 | -€128,494 | €54,856 | +€183,350 | |
| Profit (loss) for the period | 9904 | -€128,494 | €54,856 | +€183,350 | |
| Profit (loss) for the period to be appropriated | 9905 | -€128,494 | €54,856 | +€183,350 |
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 15 October 2026 via checked.be.