HARELLA: what changed
What changed
HARELLA
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€213,296
2024 · -€22,360+€235,656
Equity
€193,436
2024 · -€19,860+€213,296
Cash
€180,336
2024 · €171,830+€8,505
Balance sheet total
€3.7m
2024 · €3.8m-€44,705
Largest movements
Assets
- Receivables within one year -€44,200
no longer reported in 2025 (was €44,200)
Equity and liabilities
- Debts after one year -€275,331
down €275,331 (-8.4%), from €3.3m to €3.0m
- Advances received -€245,263
no longer reported in 2025 (was €245,263)
- Other debts +€232,838
up €232,838 (+10,300%), from €2,261 to €235,099
- Reserves +€190,936
new in 2025: €190,936
Income statement
- Financial income +€267,000
new in 2025: €267,000
- Taxes +€19,152
up €19,152 (+17,324%), from €111 to €19,263
- Financial charges +€4,993
up €4,993 (+8.4%), from €59,458 to €64,451
- Gross operating margin -€4,688
down €4,688 (-10.5%), from €44,560 to €39,872
- Depreciation +€2,329
up €2,329 (+31.7%), from €7,351 to €9,680
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€22,360
Gross operating margin
-€4,688
Depreciation
-€2,329
Other operating charges
-€182
Financial income
+€267,000
Financial charges
-€4,993
Taxes
-€19,152
Result 2025
€213,296
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€283,509
Investment
€0
Financing
-€275,003
Cash 2024
€171,830
From operations (derived)
+€283,509
Net result for the year
+€213,296
Depreciation
+€9,680
Receivables within one year
+€44,200
Smaller working-capital items
-€703
Trade debts
+€1,527
Tax, wage and social debts
+€27,933
Advances received
-€245,263
Other debts
+€232,838
Financing
-€275,003
Debts after one year
-€275,331
Current portion of long-term debt
+€328
Cash 2025
€180,336
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,775,864 | €3,731,159 | -€44,705 | -1.2% |
| Fixed assets | 21/28 | €3,559,800 | €3,550,120 | -€9,680 | -0.3% |
| Tangible fixed assets | 22/27 | €41,050 | €31,370 | -€9,680 | -23.6% |
| Furniture and vehicles | 24 | €41,050 | €31,370 | -€9,680 | -23.6% |
| Financial fixed assets | 28 | €3,518,750 | €3,518,750 | = | 0.0% |
| Current assets | 29/58 | €216,064 | €181,039 | -€35,025 | -16.2% |
| Amounts receivable within one year | 40/41 | €44,200 | - | -€44,200 | |
| Trade receivables | 40 | €44,200 | - | -€44,200 | |
| Cash at bank and in hand | 54/58 | €171,830 | €180,336 | +€8,505 | +4.9% |
| Deferred charges and accrued income | 490/1 | €34 | €704 | +€670 | +1,972% |
| Total equity and liabilities | 10/49 | €3,775,864 | €3,731,159 | -€44,705 | -1.2% |
| Equity | 10/15 | -€19,860 | €193,436 | +€213,296 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €190,936 | +€190,936 | |
| Distributable reserves | 133 | - | €190,936 | +€190,936 | |
| Profit (loss) carried forward | 14 | -€22,360 | - | +€22,360 | |
| Amounts payable | 17/49 | €3,795,724 | €3,537,723 | -€258,002 | -6.8% |
| Amounts payable after more than one year | 17 | €3,262,758 | €2,987,427 | -€275,331 | -8.4% |
| Financial debts | 170/4 | €3,262,758 | €2,987,427 | -€275,331 | -8.4% |
| Amounts payable within one year | 42/48 | €532,933 | €550,296 | +€17,363 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €275,003 | €275,331 | +€328 | +0.1% |
| Trade debts | 44 | - | €1,527 | +€1,527 | |
| Suppliers | 440/4 | - | €1,527 | +€1,527 | |
| Advances received on contracts in progress | 46 | €245,263 | - | -€245,263 | |
| Taxes, remuneration and social security | 45 | €10,406 | €38,338 | +€27,933 | +268% |
| Taxes | 450/3 | €5,406 | €30,138 | +€24,733 | +458% |
| Remuneration and social security | 454/9 | €5,000 | €8,200 | +€3,200 | +64.0% |
| Other amounts payable | 47/48 | €2,261 | €235,099 | +€232,838 | +10,300% |
| Accrued charges and deferred income | 492/3 | €33 | - | -€33 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,351 | €9,680 | +€2,329 | +31.7% |
| Other operating charges | 640/8 | - | €182 | +€182 | |
| Gross operating margin | 9900 | €44,560 | €39,872 | -€4,688 | -10.5% |
| Operating profit (loss) | 9901 | €37,209 | €30,010 | -€7,199 | -19.3% |
| Financial income | 75/76B | - | €267,000 | +€267,000 | |
| Recurring financial income | 75 | - | €267,000 | +€267,000 | |
| Financial charges | 65/66B | €59,458 | €64,451 | +€4,993 | +8.4% |
| Recurring financial charges | 65 | €59,458 | €64,451 | +€4,993 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,249 | €232,559 | +€254,808 | |
| Income taxes | 67/77 | €111 | €19,263 | +€19,152 | +17,324% |
| Profit (loss) for the period | 9904 | -€22,360 | €213,296 | +€235,656 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,360 | €213,296 | +€235,656 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.