HAREM: 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.
HAREM
Largest movements
- Cash +€2,486
up €2,486 (+1,236%), from €201 to €2,688
mainly Net result for the year (+€4,057) and Trade debts (+€3,020)
- Receivables within one year +€1,757
up €1,757 (+891%), from €197 to €1,954
- Tangible fixed assets -€359
no longer reported in 2025 (was €359)
- Profit (loss) carried forward +€4,057
up €4,057 (+27.5%), from -€14,731 to -€10,674
- Trade debts +€3,020
up €3,020 (+24,047%), from €13 to €3,033
- Tax, wage and social debts -€2,642
down €2,642 (-45.0%), from €5,867 to €3,225
- Other debts -€551
down €551 (-8.3%), from €6,610 to €6,058
- Gross operating margin +€8,958
up €8,958, from -€3,705 to €5,253
- Turnover +€5,852
up €5,852 (+15.4%), from €37,964 to €43,817
- Purchases and services -€2,905
down €2,905 (-7.0%), from €41,670 to €38,765
- Other operating charges -€1,677
down €1,677 (-77.7%), from €2,158 to €480
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 | €758 | €4,642 | +€3,884 | +512% |
| Fixed assets | 21/28 | €359 | - | -€359 | |
| Tangible fixed assets | 22/27 | €359 | - | -€359 | |
| Plant, machinery and equipment | 23 | €359 | - | -€359 | |
| Current assets | 29/58 | €398 | €4,642 | +€4,243 | +1,065% |
| Amounts receivable within one year | 40/41 | €197 | €1,954 | +€1,757 | +891% |
| Trade receivables | 40 | €197 | €1,954 | +€1,757 | +891% |
| Cash at bank and in hand | 54/58 | €201 | €2,688 | +€2,486 | +1,236% |
| Total equity and liabilities | 10/49 | €758 | €4,642 | +€3,884 | +512% |
| Equity | 10/15 | -€11,731 | -€7,674 | +€4,057 | +34.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,731 | -€10,674 | +€4,057 | +27.5% |
| Amounts payable | 17/49 | €12,489 | €12,316 | -€173 | -1.4% |
| Amounts payable within one year | 42/48 | €12,489 | €12,316 | -€173 | -1.4% |
| Trade debts | 44 | €13 | €3,033 | +€3,020 | +24,047% |
| Suppliers | 440/4 | €13 | €3,033 | +€3,020 | +24,047% |
| Taxes, remuneration and social security | 45 | €5,867 | €3,225 | -€2,642 | -45.0% |
| Taxes | 450/3 | €5,867 | €3,225 | -€2,642 | -45.0% |
| Other amounts payable | 47/48 | €6,610 | €6,058 | -€551 | -8.3% |
| Turnover | 70 | €37,964 | €43,817 | +€5,852 | +15.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €41,670 | €38,765 | -€2,905 | -7.0% |
| Remuneration, social security and pensions | 62 | €204 | - | -€204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €465 | €359 | -€106 | -22.7% |
| Other operating charges | 640/8 | €2,158 | €480 | -€1,677 | -77.7% |
| Gross operating margin | 9900 | -€3,705 | €5,253 | +€8,958 | |
| Operating profit (loss) | 9901 | -€6,532 | €4,413 | +€10,945 | |
| Financial charges | 65/66B | €180 | €356 | +€176 | +98.0% |
| Recurring financial charges | 65 | €180 | €356 | +€176 | +98.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,712 | €4,057 | +€10,769 | |
| Profit (loss) for the period | 9904 | -€6,712 | €4,057 | +€10,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,712 | €4,057 | +€10,769 |
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 14 October 2026 via checked.be.