Harbour-Distribution: 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.
Harbour-Distribution
Largest movements
- Receivables within one year +€22,147
up €22,147 (+567.4%), from €3,903 to €26,050
of which Trade receivables: +€16,835
- Cash -€594
down €594 (-19.7%), from €3,015 to €2,421
mainly Receivables within one year (-€22,147) and Other debts (-€122)
- Deferred charges and accrued income -€316
down €316 (-100.0%), from €316 to €0
- Trade debts +€21,056
up €21,056 (+505.6%), from €4,164 to €25,220
- Gross operating margin +€1,272
up €1,272, from -€436 to €836
- Depreciation -€73
down €73 (-29.5%), from €247 to €174
- Other operating charges -€71
down €71 (-12.9%), from €546 to €476
- Financial charges -€31
down €31 (-34.6%), from €89 to €58
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 | €7,408 | €28,471 | +€21,063 | +284.3% |
| Fixed assets | 21/28 | €174 | €0 | -€174 | -100.0% |
| Tangible fixed assets | 22/27 | €174 | €0 | -€174 | -100.0% |
| Plant, machinery and equipment | 23 | €174 | €0 | -€174 | -100.0% |
| Current assets | 29/58 | €7,234 | €28,471 | +€21,237 | +293.6% |
| Amounts receivable within one year | 40/41 | €3,903 | €26,050 | +€22,147 | +567.4% |
| Trade receivables | 40 | €3,806 | €20,640 | +€16,835 | +442.4% |
| Other amounts receivable | 41 | €97 | €5,410 | +€5,312 | +5454.8% |
| Cash at bank and in hand | 54/58 | €3,015 | €2,421 | -€594 | -19.7% |
| Deferred charges and accrued income | 490/1 | €316 | €0 | -€316 | -100.0% |
| Total equity and liabilities | 10/49 | €7,408 | €28,471 | +€21,063 | +284.3% |
| Equity | 10/15 | -€10,788 | -€10,658 | +€129 | +1.2% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,988 | -€18,858 | +€129 | +0.7% |
| Amounts payable | 17/49 | €18,196 | €39,130 | +€20,934 | +115.1% |
| Amounts payable within one year | 42/48 | €18,196 | €39,130 | +€20,934 | +115.1% |
| Trade debts | 44 | €4,164 | €25,220 | +€21,056 | +505.6% |
| Suppliers | 440/4 | €4,164 | €25,220 | +€21,056 | +505.6% |
| Other amounts payable | 47/48 | €14,031 | €13,910 | -€122 | -0.9% |
| Non-recurring operating income | 76A | €163 | €0 | -€163 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247 | €174 | -€73 | -29.5% |
| Other operating charges | 640/8 | €546 | €476 | -€71 | -12.9% |
| Gross operating margin | 9900 | -€436 | €836 | +€1,272 | |
| Operating profit (loss) | 9901 | -€1,228 | €187 | +€1,416 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €89 | €58 | -€31 | -34.6% |
| Recurring financial charges | 65 | €89 | €58 | -€31 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,317 | €129 | +€1,446 | |
| Profit (loss) for the period | 9904 | -€1,317 | €129 | +€1,446 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,317 | €129 | +€1,446 |
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 9 October 2026 via checked.be.