HARI: what changed
Two fiscal 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.
HARI
Largest movements
- Cash +€13,744
up €13,744 (+70.5%), from €19,482 to €33,227
mainly Net result for the year (+€10,127) and Other debts (+€3,743)
- Tangible fixed assets -€1,366
down €1,366 (-55.6%), from €2,458 to €1,092
of which Furniture and vehicles: -€752
- Reserves +€10,127
up €10,127 (+16.6%), from €61,009 to €71,135
- Other debts +€3,743
up €3,743 (+11.5%), from €32,528 to €36,271
- Gross operating margin -€9,727
down €9,727 (-38.0%), from €25,567 to €15,840
- Taxes -€1,959
down €1,959 (-31.1%), from €6,303 to €4,344
- Depreciation -€1,643
down €1,643 (-61.0%), from €2,696 to €1,053
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 | €118,275 | €130,610 | +€12,335 | +10.4% |
| Fixed assets | 21/28 | €2,458 | €1,092 | -€1,366 | -55.6% |
| Tangible fixed assets | 22/27 | €2,458 | €1,092 | -€1,366 | -55.6% |
| Plant, machinery and equipment | 23 | €1,706 | €1,092 | -€614 | -36.0% |
| Furniture and vehicles | 24 | €752 | - | -€752 | |
| Current assets | 29/58 | €115,817 | €129,517 | +€13,701 | +11.8% |
| Amounts receivable within one year | 40/41 | €96,164 | €96,286 | +€122 | +0.1% |
| Trade receivables | 40 | €75,020 | €94,380 | +€19,360 | +25.8% |
| Other amounts receivable | 41 | €21,144 | €1,906 | -€19,238 | -91.0% |
| Cash at bank and in hand | 54/58 | €19,482 | €33,227 | +€13,744 | +70.5% |
| Deferred charges and accrued income | 490/1 | €171 | €5 | -€166 | -96.8% |
| Total equity and liabilities | 10/49 | €118,275 | €130,610 | +€12,335 | +10.4% |
| Equity | 10/15 | €67,209 | €77,335 | +€10,127 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,009 | €71,135 | +€10,127 | +16.6% |
| Distributable reserves | 133 | €61,009 | €71,135 | +€10,127 | +16.6% |
| Amounts payable | 17/49 | €51,067 | €53,275 | +€2,208 | +4.3% |
| Amounts payable within one year | 42/48 | €51,067 | €53,275 | +€2,208 | +4.3% |
| Trade debts | 44 | €1,133 | €597 | -€536 | -47.3% |
| Suppliers | 440/4 | €1,133 | €597 | -€536 | -47.3% |
| Taxes, remuneration and social security | 45 | €17,406 | €16,407 | -€999 | -5.7% |
| Taxes | 450/3 | €12,627 | €13,826 | +€1,199 | +9.5% |
| Remuneration and social security | 454/9 | €4,779 | €2,581 | -€2,198 | -46.0% |
| Other amounts payable | 47/48 | €32,528 | €36,271 | +€3,743 | +11.5% |
| Non-recurring operating income | 76A | €9,091 | €3,794 | -€5,297 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,696 | €1,053 | -€1,643 | -61.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €25,567 | €15,840 | -€9,727 | -38.0% |
| Operating profit (loss) | 9901 | €22,366 | €14,267 | -€8,098 | -36.2% |
| Financial income | 75/76B | €328 | €518 | +€190 | +57.9% |
| Recurring financial income | 75 | €328 | €518 | +€190 | +57.9% |
| Financial charges | 65/66B | €337 | €315 | -€22 | -6.7% |
| Recurring financial charges | 65 | €337 | €315 | -€22 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €22,357 | €14,471 | -€7,886 | -35.3% |
| Income taxes | 67/77 | €6,303 | €4,344 | -€1,959 | -31.1% |
| Profit (loss) for the period | 9904 | €16,053 | €10,127 | -€5,927 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,053 | €10,127 | -€5,927 | -36.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.