HARAS DU REZIDAL: 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.
HARAS DU REZIDAL
Largest movements
- Tangible fixed assets +€40,656
up €40,656 (+37.5%), from €108,278 to €148,934
of which Furniture and vehicles: +€40,485
- Cash -€21,183
down €21,183 (-59.6%), from €35,549 to €14,366
mainly Investment in fixed assets (net) (-€69,835) and Trade debts (-€15,514)
- Receivables within one year -€13,008
down €13,008 (-15.5%), from €83,897 to €70,888
of which Trade receivables: -€12,609
- Other debts +€30,008
up €30,008 (+16.4%), from €182,608 to €212,616
- Trade debts -€15,514
down €15,514 (-14.5%), from €107,355 to €91,841
- Debts after one year -€11,917
down €11,917 (-58.0%), from €20,536 to €8,618
- Profit (loss) carried forward +€3,299
up €3,299 (+7.4%), from -€44,704 to -€41,404
- Gross operating margin +€45,470
up €45,470 (+168%), from €27,013 to €72,482
- Staff costs +€11,990
up €11,990 (+61.0%), from €19,666 to €31,656
- Depreciation +€10,745
up €10,745 (+58.3%), from €18,435 to €29,179
- Write-downs +€2,485
new in 2025: €2,485
- Other operating charges -€1,949
down €1,949 (-48.7%), from €3,999 to €2,049
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 | €293,726 | €299,475 | +€5,749 | +2.0% |
| Fixed assets | 21/28 | €109,478 | €150,134 | +€40,656 | +37.1% |
| Tangible fixed assets | 22/27 | €108,278 | €148,934 | +€40,656 | +37.5% |
| Plant, machinery and equipment | 23 | €21,062 | €17,031 | -€4,031 | -19.1% |
| Furniture and vehicles | 24 | €76,338 | €116,824 | +€40,485 | +53.0% |
| Other tangible fixed assets | 26 | €10,878 | €15,079 | +€4,202 | +38.6% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €184,249 | €149,341 | -€34,907 | -18.9% |
| Stocks and contracts in progress | 3 | €57,500 | €57,000 | -€500 | -0.9% |
| Stocks | 30/36 | €57,500 | €57,000 | -€500 | -0.9% |
| Amounts receivable within one year | 40/41 | €83,897 | €70,888 | -€13,008 | -15.5% |
| Trade receivables | 40 | €69,896 | €57,287 | -€12,609 | -18.0% |
| Other amounts receivable | 41 | €14,001 | €13,602 | -€399 | -2.8% |
| Cash at bank and in hand | 54/58 | €35,549 | €14,366 | -€21,183 | -59.6% |
| Deferred charges and accrued income | 490/1 | €7,303 | €7,087 | -€216 | -3.0% |
| Total equity and liabilities | 10/49 | €293,726 | €299,475 | +€5,749 | +2.0% |
| Equity | 10/15 | -€36,644 | -€33,344 | +€3,299 | +9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,704 | -€41,404 | +€3,299 | +7.4% |
| Amounts payable | 17/49 | €330,370 | €332,819 | +€2,449 | +0.7% |
| Amounts payable after more than one year | 17 | €20,536 | €8,618 | -€11,917 | -58.0% |
| Financial debts | 170/4 | €20,536 | €8,618 | -€11,917 | -58.0% |
| Amounts payable within one year | 42/48 | €306,879 | €323,005 | +€16,126 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €11,370 | €11,917 | +€547 | +4.8% |
| Trade debts | 44 | €107,355 | €91,841 | -€15,514 | -14.5% |
| Suppliers | 440/4 | €107,355 | €91,841 | -€15,514 | -14.5% |
| Advances received on contracts in progress | 46 | - | €1,052 | +€1,052 | |
| Taxes, remuneration and social security | 45 | €5,546 | €5,579 | +€33 | +0.6% |
| Taxes | 450/3 | - | €1,009 | +€1,009 | |
| Remuneration and social security | 454/9 | €5,546 | €4,570 | -€976 | -17.6% |
| Other amounts payable | 47/48 | €182,608 | €212,616 | +€30,008 | +16.4% |
| Accrued charges and deferred income | 492/3 | €2,956 | €1,196 | -€1,760 | -59.5% |
| Non-recurring operating income | 76A | €34,380 | - | -€34,380 | |
| Remuneration, social security and pensions | 62 | €19,666 | €31,656 | +€11,990 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,435 | €29,179 | +€10,745 | +58.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,485 | +€2,485 | |
| Other operating charges | 640/8 | €3,999 | €2,049 | -€1,949 | -48.7% |
| Non-recurring operating charges | 66A | - | €768 | +€768 | |
| Gross operating margin | 9900 | €27,013 | €72,482 | +€45,470 | +168% |
| Operating profit (loss) | 9901 | -€15,087 | €6,345 | +€21,432 | |
| Financial income | 75/76B | €19 | €121 | +€101 | +520% |
| Recurring financial income | 75 | €19 | €121 | +€101 | +520% |
| Financial charges | 65/66B | €4,154 | €3,031 | -€1,123 | -27.0% |
| Recurring financial charges | 65 | €4,154 | €3,031 | -€1,123 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,222 | €3,435 | +€22,656 | |
| Income taxes | 67/77 | €0 | €135 | +€135 | +193,286% |
| Profit (loss) for the period | 9904 | -€19,222 | €3,299 | +€22,521 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,222 | €3,299 | +€22,521 |
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.