HARAX: 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.
HARAX
Largest movements
- Receivables within one year -€30,973
down €30,973 (-91.0%), from €34,049 to €3,076
of which Trade receivables: -€32,216
- Cash +€25,694
up €25,694 (+282.6%), from €9,091 to €34,785
mainly Receivables within one year (+€30,973) and Depreciation (+€22,817)
- Tangible fixed assets -€21,807
down €21,807 (-32.7%), from €66,720 to €44,913
- Debts after one year -€20,031
no longer reported in 2025 (was €20,031)
- Tax, wage and social debts -€14,981
down €14,981 (-55.8%), from €26,864 to €11,883
- Other debts +€4,000
new in 2025: €4,000
- Trade debts +€2,657
up €2,657 (+991.6%), from €268 to €2,924
- Profit (loss) carried forward +€1,935
up €1,935 (+4.5%), from €43,182 to €45,117
- Gross operating margin +€13,825
up €13,825 (+48.5%), from €28,490 to €42,316
- Taxes +€1,841
up €1,841 (+31.9%), from €5,768 to €7,608
- Other operating charges +€900
up €900 (+28.3%), from €3,181 to €4,080
- Financial charges -€897
down €897 (-32.4%), from €2,772 to €1,875
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 | €112,077 | €86,081 | -€25,996 | -23.2% |
| Fixed assets | 21/28 | €66,720 | €45,613 | -€21,107 | -31.6% |
| Tangible fixed assets | 22/27 | €66,720 | €44,913 | -€21,807 | -32.7% |
| Furniture and vehicles | 24 | €66,720 | €44,913 | -€21,807 | -32.7% |
| Financial fixed assets | 28 | - | €700 | +€700 | |
| Current assets | 29/58 | €45,357 | €40,469 | -€4,888 | -10.8% |
| Amounts receivable within one year | 40/41 | €34,049 | €3,076 | -€30,973 | -91.0% |
| Trade receivables | 40 | €32,216 | - | -€32,216 | |
| Other amounts receivable | 41 | €1,832 | €3,076 | +€1,243 | +67.9% |
| Cash at bank and in hand | 54/58 | €9,091 | €34,785 | +€25,694 | +282.6% |
| Deferred charges and accrued income | 490/1 | €2,217 | €2,608 | +€391 | +17.6% |
| Total equity and liabilities | 10/49 | €112,077 | €86,081 | -€25,996 | -23.2% |
| Equity | 10/15 | €45,182 | €47,117 | +€1,935 | +4.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,182 | €45,117 | +€1,935 | +4.5% |
| Amounts payable | 17/49 | €66,895 | €38,965 | -€27,930 | -41.8% |
| Amounts payable after more than one year | 17 | €20,031 | - | -€20,031 | |
| Financial debts | 170/4 | €20,031 | - | -€20,031 | |
| Amounts payable within one year | 42/48 | €46,863 | €38,965 | -€7,899 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €19,153 | €20,031 | +€879 | +4.6% |
| Financial debts | 43 | €579 | €126 | -€453 | -78.3% |
| Other loans | 439 | €579 | €126 | -€453 | -78.3% |
| Trade debts | 44 | €268 | €2,924 | +€2,657 | +991.6% |
| Suppliers | 440/4 | €268 | €2,924 | +€2,657 | +991.6% |
| Taxes, remuneration and social security | 45 | €26,864 | €11,883 | -€14,981 | -55.8% |
| Taxes | 450/3 | €26,864 | €11,883 | -€14,981 | -55.8% |
| Other amounts payable | 47/48 | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,040 | €22,817 | -€223 | -1.0% |
| Other operating charges | 640/8 | €3,181 | €4,080 | +€900 | +28.3% |
| Gross operating margin | 9900 | €28,490 | €42,316 | +€13,825 | +48.5% |
| Operating profit (loss) | 9901 | €2,270 | €15,418 | +€13,148 | +579.3% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €2,772 | €1,875 | -€897 | -32.4% |
| Recurring financial charges | 65 | €2,772 | €1,875 | -€897 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€496 | €13,543 | +€14,039 | |
| Income taxes | 67/77 | €5,768 | €7,608 | +€1,841 | +31.9% |
| Profit (loss) for the period | 9904 | -€6,264 | €5,935 | +€12,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,264 | €5,935 | +€12,199 |
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 10 October 2026 via checked.be.