HARFARM: 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.
HARFARM
Largest movements
- Cash +€99,342
up €99,342 (+14.3%), from €694,815 to €794,157
mainly Net result for the year (+€129,913) and Trade debts (+€65,531)
- Tangible fixed assets +€90,001
up €90,001 (+6.4%), from €1.4m to €1.5m
- Receivables within one year -€31,089
down €31,089 (-9.7%), from €321,337 to €290,249
of which Trade receivables: -€16,657
- Profit (loss) carried forward +€129,913
up €129,913 (+18.9%), from €686,639 to €816,551
- Trade debts +€65,531
up €65,531 (+75.3%), from €87,024 to €152,555
- Tax, wage and social debts -€29,089
down €29,089 (-67.1%), from €43,351 to €14,263
- Gross operating margin -€98,096
down €98,096 (-33.1%), from €296,456 to €198,360
- Purchases and services +€73,854
up €73,854 (+40.1%), from €184,059 to €257,913
- Turnover -€48,221
down €48,221 (-11.2%), from €431,121 to €382,900
- Taxes -€28,898
down €28,898 (-40.4%), from €71,487 to €42,589
- Other operating charges +€7,766
up €7,766 (+43.6%), from €17,806 to €25,572
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 | €2,454,198 | €2,620,553 | +€166,355 | +6.8% |
| Fixed assets | 21/28 | €1,428,730 | €1,518,731 | +€90,001 | +6.3% |
| Tangible fixed assets | 22/27 | €1,415,058 | €1,505,060 | +€90,001 | +6.4% |
| Land and buildings | 22 | €1,415,058 | €1,505,060 | +€90,001 | +6.4% |
| Financial fixed assets | 28 | €13,671 | €13,671 | = | 0.0% |
| Current assets | 29/58 | €1,025,468 | €1,101,822 | +€76,354 | +7.4% |
| Stocks and contracts in progress | 3 | €4,899 | €9,536 | +€4,637 | +94.6% |
| Stocks | 30/36 | €4,899 | €9,536 | +€4,637 | +94.6% |
| Amounts receivable within one year | 40/41 | €321,337 | €290,249 | -€31,089 | -9.7% |
| Trade receivables | 40 | €279,847 | €263,190 | -€16,657 | -6.0% |
| Other amounts receivable | 41 | €41,491 | €27,058 | -€14,432 | -34.8% |
| Cash at bank and in hand | 54/58 | €694,815 | €794,157 | +€99,342 | +14.3% |
| Deferred charges and accrued income | 490/1 | €4,417 | €7,880 | +€3,464 | +78.4% |
| Total equity and liabilities | 10/49 | €2,454,198 | €2,620,553 | +€166,355 | +6.8% |
| Equity | 10/15 | €2,323,602 | €2,453,515 | +€129,913 | +5.6% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €1,036,964 | €1,036,964 | = | 0.0% |
| Non-distributable reserves | 130/1 | €72,500 | €72,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €72,500 | €72,500 | = | 0.0% |
| Distributable reserves | 133 | €964,464 | €964,464 | = | 0.0% |
| Profit (loss) carried forward | 14 | €686,639 | €816,551 | +€129,913 | +18.9% |
| Amounts payable | 17/49 | €130,596 | €167,038 | +€36,443 | +27.9% |
| Amounts payable within one year | 42/48 | €130,375 | €166,818 | +€36,443 | +28.0% |
| Trade debts | 44 | €87,024 | €152,555 | +€65,531 | +75.3% |
| Suppliers | 440/4 | €87,024 | €152,555 | +€65,531 | +75.3% |
| Taxes, remuneration and social security | 45 | €43,351 | €14,263 | -€29,089 | -67.1% |
| Taxes | 450/3 | €43,351 | €14,263 | -€29,089 | -67.1% |
| Accrued charges and deferred income | 492/3 | €221 | €221 | = | 0.0% |
| Turnover | 70 | €431,121 | €382,900 | -€48,221 | -11.2% |
| Non-recurring operating income | 76A | €49,393 | €73,373 | +€23,979 | +48.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €184,059 | €257,913 | +€73,854 | +40.1% |
| Other operating charges | 640/8 | €17,806 | €25,572 | +€7,766 | +43.6% |
| Gross operating margin | 9900 | €296,456 | €198,360 | -€98,096 | -33.1% |
| Operating profit (loss) | 9901 | €278,650 | €172,788 | -€105,862 | -38.0% |
| Financial income | 75/76B | €412 | €170 | -€242 | -58.8% |
| Recurring financial income | 75 | €412 | €170 | -€242 | -58.8% |
| Financial charges | 65/66B | €1,080 | €456 | -€624 | -57.8% |
| Recurring financial charges | 65 | €1,080 | €456 | -€624 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €277,983 | €172,502 | -€105,481 | -37.9% |
| Income taxes | 67/77 | €71,487 | €42,589 | -€28,898 | -40.4% |
| Profit (loss) for the period | 9904 | €206,496 | €129,913 | -€76,583 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €206,496 | €129,913 | -€76,583 | -37.1% |
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 23 October 2026 via checked.be.