HARIKA DEVELOPMENTS: 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.
HARIKA DEVELOPMENTS
Largest movements
- Tangible fixed assets +€58,258
up €58,258 (+63.8%), from €91,384 to €149,642
of which Other tangible fixed assets: +€91,671
- Receivables within one year +€37,307
up €37,307 (+199.5%), from €18,698 to €56,005
of which Trade receivables: +€36,497
- Cash -€3,476
down €3,476 (-3.9%), from €89,714 to €86,238
mainly Investment in fixed assets (net) (-€87,144) and Receivables within one year (-€37,307)
- Debts after one year +€103,663
up €103,663 (+326.6%), from €31,744 to €135,407
- Trade debts -€11,344
down €11,344 (-59.3%), from €19,122 to €7,778
- Other debts -€5,625
down €5,625 (-33.7%), from €16,670 to €11,045
- Profit (loss) carried forward +€3,140
up €3,140 (+5.6%), from €56,208 to €59,348
- Turnover -€24,008
down €24,008 (-7.8%), from €307,225 to €283,217
- Gross operating margin -€12,647
down €12,647 (-22.0%), from €57,358 to €44,711
- Taxes -€3,731
down €3,731 (-57.4%), from €6,498 to €2,767
- Depreciation +€3,435
up €3,435 (+13.5%), from €25,451 to €28,886
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,986 | €294,455 | +€90,469 | +44.4% |
| Fixed assets | 21/28 | €91,628 | €149,886 | +€58,258 | +63.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €91,384 | €149,642 | +€58,258 | +63.8% |
| Plant, machinery and equipment | 23 | €56,722 | €40,240 | -€16,482 | -29.1% |
| Furniture and vehicles | 24 | €12,787 | €17,731 | +€4,944 | +38.7% |
| Other tangible fixed assets | 26 | - | €91,671 | +€91,671 | |
| Assets under construction and advance payments | 27 | €21,875 | - | -€21,875 | |
| Financial fixed assets | 28 | €244 | €244 | = | 0.0% |
| Current assets | 29/58 | €112,358 | €144,569 | +€32,211 | +28.7% |
| Stocks and contracts in progress | 3 | €3,946 | €2,326 | -€1,620 | -41.1% |
| Stocks | 30/36 | €3,946 | €2,326 | -€1,620 | -41.1% |
| Amounts receivable within one year | 40/41 | €18,698 | €56,005 | +€37,307 | +199.5% |
| Trade receivables | 40 | €1,597 | €38,094 | +€36,497 | +2285.3% |
| Other amounts receivable | 41 | €17,101 | €17,911 | +€810 | +4.7% |
| Cash at bank and in hand | 54/58 | €89,714 | €86,238 | -€3,476 | -3.9% |
| Total equity and liabilities | 10/49 | €203,986 | €294,455 | +€90,469 | +44.4% |
| Equity | 10/15 | €76,668 | €79,808 | +€3,140 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,208 | €59,348 | +€3,140 | +5.6% |
| Amounts payable | 17/49 | €127,318 | €214,647 | +€87,329 | +68.6% |
| Amounts payable after more than one year | 17 | €31,744 | €135,407 | +€103,663 | +326.6% |
| Financial debts | 170/4 | €31,744 | €135,407 | +€103,663 | +326.6% |
| Amounts payable within one year | 42/48 | €66,574 | €50,240 | -€16,334 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €25,236 | €25,236 | = | 0.0% |
| Trade debts | 44 | €19,122 | €7,778 | -€11,344 | -59.3% |
| Suppliers | 440/4 | €19,122 | €7,778 | -€11,344 | -59.3% |
| Taxes, remuneration and social security | 45 | €5,546 | €6,181 | +€635 | +11.4% |
| Taxes | 450/3 | €5,546 | €6,181 | +€635 | +11.4% |
| Other amounts payable | 47/48 | €16,670 | €11,045 | -€5,625 | -33.7% |
| Accrued charges and deferred income | 492/3 | €29,000 | €29,000 | = | 0.0% |
| Turnover | 70 | €307,225 | €283,217 | -€24,008 | -7.8% |
| Non-recurring operating income | 76A | €9,175 | €23,351 | +€14,176 | +154.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €259,042 | €261,858 | +€2,816 | +1.1% |
| Remuneration, social security and pensions | 62 | €785 | €2,151 | +€1,366 | +174.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,451 | €28,886 | +€3,435 | +13.5% |
| Other operating charges | 640/8 | €3,542 | €4,152 | +€610 | +17.2% |
| Gross operating margin | 9900 | €57,358 | €44,711 | -€12,647 | -22.0% |
| Operating profit (loss) | 9901 | €27,580 | €9,522 | -€18,058 | -65.5% |
| Financial charges | 65/66B | €2,840 | €3,615 | +€775 | +27.3% |
| Recurring financial charges | 65 | €2,840 | €3,615 | +€775 | +27.3% |
| Non-recurring financial charges | 66B | - | €3,615 | +€3,615 | |
| Profit (loss) for the period before taxes | 9903 | €24,740 | €5,907 | -€18,833 | -76.1% |
| Income taxes | 67/77 | €6,498 | €2,767 | -€3,731 | -57.4% |
| Profit (loss) for the period | 9904 | €18,242 | €3,140 | -€15,102 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,242 | €3,140 | -€15,102 | -82.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.