HARINCK: 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.
What changed
HARINCK
NACE 16.210, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €2.0m-€840,230
Equity
€23.9m
2024 · €22.5m+€1.4m
Cash
€1.8m
2024 · €3.5m-€1.7m
Balance sheet total
€26.8m
2024 · €24.8m+€2.0m
Largest movements
Assets
- Current investments +€2.4m
up €2.4m (+35.9%), from €6.6m to €9.0m
- Cash -€1.7m
down €1.7m (-48.4%), from €3.5m to €1.8m
mainly Investment in fixed assets (net) (-€2.4m) and Current investments (-€2.4m)
- Tangible fixed assets +€1.3m
up €1.3m (+22.0%), from €6.1m to €7.4m
of which Plant, machinery and equipment: +€1.2m
- Intangible fixed assets -€336,815
down €336,815 (-35.8%), from €940,396 to €603,581
- Stocks and contracts +€329,276
up €329,276 (+7.1%), from €4.7m to €5.0m
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+5.4%), from €22.0m to €23.2m
of which Distributable reserves: +€1.6m
Income statement
- Goods and materials +€1.4m
up €1.4m (+14.3%), from €9.7m to €11.1m
of which Purchases: +€1.9m
- Services and other goods +€1.1m
up €1.1m (+16.2%), from €6.9m to €8.0m
- Turnover +€610,172
up €610,172 (+2.5%), from €24.9m to €25.5m
- Financial income +€428,679
up €428,679 (+120%), from €358,095 to €786,774
- Taxes -€355,198
down €355,198 (-55.9%), from €635,769 to €280,571
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.
Result 2024
€2.0m
Turnover
+€610,172
Other operating income
+€54,002
Goods and materials
-€1.4m
Services and other goods
-€1.1m
Staff costs
+€273,735
Depreciation
-€238,645
Write-downs
-€4,511
Other operating charges
+€10,888
Other operating items
+€195,207
Financial income
+€428,679
Financial charges
-€15,054
Taxes
+€355,198
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.9m
Investment
-€4.8m
Financing
+€231,280
Cash 2024
€3.5m
From operations (derived)
+€2.9m
Net result for the year
+€1.2m
Depreciation
+€1.4m
Receivables after one year
+€267,000
Stocks and contracts
-€329,276
Receivables within one year
-€98,060
Deferred charges and accrued income
-€115,490
Trade debts
+€237,216
Tax, wage and social debts
+€220,706
Other debts
-€328
Accrued charges and deferred income
+€93,575
Investment (derived)
-€4.8m
Investment in fixed assets (net)
-€2.4m
Current investments
-€2.4m
Financing
+€231,280
Contributions, distributions and other
+€231,280
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,791,852 | €26,764,845 | +€2.0m | +8.0% |
| Fixed assets | 21/28 | €7,015,522 | €8,014,311 | +€998,789 | +14.2% |
| Intangible fixed assets | 21 | €940,396 | €603,581 | -€336,815 | -35.8% |
| Tangible fixed assets | 22/27 | €6,074,826 | €7,410,430 | +€1.3m | +22.0% |
| Land and buildings | 22 | €40,699 | €109,950 | +€69,252 | +170% |
| Plant, machinery and equipment | 23 | €5,705,171 | €6,911,724 | +€1.2m | +21.1% |
| Furniture and vehicles | 24 | €318,106 | €377,906 | +€59,800 | +18.8% |
| Other tangible fixed assets | 26 | €10,850 | €10,850 | = | 0.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Other financial fixed assets | 284/8 | €300 | €300 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €17,776,330 | €18,750,534 | +€974,204 | +5.5% |
| Amounts receivable after more than one year | 29 | €267,000 | €0 | -€267,000 | -100% |
| Other amounts receivable | 291 | €267,000 | €0 | -€267,000 | -100% |
| Stocks and contracts in progress | 3 | €4,667,514 | €4,996,790 | +€329,276 | +7.1% |
| Stocks | 30/36 | €4,667,514 | €4,996,790 | +€329,276 | +7.1% |
| Raw materials and consumables | 30/31 | €3,821,229 | €4,021,062 | +€199,833 | +5.2% |
| Work in progress | 32 | €181,440 | €225,904 | +€44,464 | +24.5% |
| Finished goods | 33 | €216,162 | €263,809 | +€47,647 | +22.0% |
| Goods purchased for resale | 34 | €448,682 | €486,014 | +€37,332 | +8.3% |
| Amounts receivable within one year | 40/41 | €2,643,049 | €2,741,109 | +€98,060 | +3.7% |
| Trade receivables | 40 | €1,774,841 | €1,844,373 | +€69,533 | +3.9% |
| Other amounts receivable | 41 | €868,208 | €896,735 | +€28,527 | +3.3% |
| Current investments | 50/53 | €6,610,336 | €8,984,572 | +€2.4m | +35.9% |
| Other investments | 51/53 | €6,610,336 | €8,984,572 | +€2.4m | +35.9% |
| Cash at bank and in hand | 54/58 | €3,459,451 | €1,783,594 | -€1.7m | -48.4% |
| Deferred charges and accrued income | 490/1 | €128,980 | €244,470 | +€115,490 | +89.5% |
| Total equity and liabilities | 10/49 | €24,791,852 | €26,764,845 | +€2.0m | +8.0% |
| Equity | 10/15 | €22,486,802 | €23,908,626 | +€1.4m | +6.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,190 | €74,647 | +€73,457 | +6,171% |
| Reserves | 13 | €21,985,612 | €23,176,156 | +€1.2m | +5.4% |
| Non-distributable reserves | 130/1 | €552,549 | €50,000 | -€502,549 | -91.0% |
| Legal reserve | 130 | €552,549 | €50,000 | -€502,549 | -91.0% |
| Tax-exempt reserves | 132 | €2,828,742 | €2,937,350 | +€108,608 | +3.8% |
| Distributable reserves | 133 | €18,604,320 | €20,188,806 | +€1.6m | +8.5% |
| Investment grants | 15 | - | €157,823 | +€157,823 | |
| Amounts payable | 17/49 | €2,305,050 | €2,856,219 | +€551,169 | +23.9% |
| Amounts payable within one year | 42/48 | €2,293,154 | €2,750,748 | +€457,594 | +20.0% |
| Trade debts | 44 | €1,727,098 | €1,964,314 | +€237,216 | +13.7% |
| Suppliers | 440/4 | €1,727,098 | €1,964,314 | +€237,216 | +13.7% |
| Taxes, remuneration and social security | 45 | €565,728 | €786,434 | +€220,706 | +39.0% |
| Taxes | 450/3 | €78,771 | €168,680 | +€89,908 | +114% |
| Remuneration and social security | 454/9 | €486,956 | €617,754 | +€130,798 | +26.9% |
| Other amounts payable | 47/48 | €328 | €0 | -€328 | -100% |
| Accrued charges and deferred income | 492/3 | €11,896 | €105,471 | +€93,575 | +787% |
| Operating income | 70/76A | €25,017,087 | €25,873,940 | +€856,853 | +3.4% |
| Turnover | 70 | €24,865,583 | €25,475,755 | +€610,172 | +2.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€68,360 | €92,111 | +€160,471 | |
| Other operating income | 74 | €207,451 | €261,453 | +€54,002 | +26.0% |
| Non-recurring operating income | 76A | €12,413 | €44,621 | +€32,208 | +259% |
| Operating charges | 60/66A | €22,494,706 | €24,960,612 | +€2.5m | +11.0% |
| Goods for resale, raw materials and consumables | 60 | €9,697,475 | €11,085,681 | +€1.4m | +14.3% |
| Purchases | 600/8 | €9,402,187 | €11,322,846 | +€1.9m | +20.4% |
| Change in stocks: decrease (increase) | 609 | €295,287 | -€237,165 | -€532,452 | |
| Services and other goods | 61 | €6,920,241 | €8,041,935 | +€1.1m | +16.2% |
| Remuneration, social security and pensions | 62 | €4,606,467 | €4,332,732 | -€273,735 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,184,113 | €1,422,758 | +€238,645 | +20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,748 | -€9,237 | +€4,511 | +32.8% |
| Other operating charges | 640/8 | €97,630 | €86,743 | -€10,888 | -11.2% |
| Non-recurring operating charges | 66A | €2,528 | €0 | -€2,528 | -100% |
| Operating profit (loss) | 9901 | €2,522,381 | €913,327 | -€1.6m | -63.8% |
| Financial income | 75/76B | €358,095 | €786,774 | +€428,679 | +120% |
| Recurring financial income | 75 | €358,095 | €786,774 | +€428,679 | +120% |
| Income from current assets | 751 | €208,925 | €544,139 | +€335,214 | +160% |
| Other financial income | 752/9 | €149,169 | €242,635 | +€93,465 | +62.7% |
| Financial charges | 65/66B | €213,931 | €228,985 | +€15,054 | +7.0% |
| Recurring financial charges | 65 | €213,931 | €228,985 | +€15,054 | +7.0% |
| Debt charges | 650 | €58 | €0 | -€58 | -100% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€22,960 | -€7,981 | +€14,978 | +65.2% |
| Other financial charges | 652/9 | €236,833 | €236,967 | +€133 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €2,666,544 | €1,471,116 | -€1.2m | -44.8% |
| Income taxes | 67/77 | €635,769 | €280,571 | -€355,198 | -55.9% |
| Taxes | 670/3 | €635,769 | €280,571 | -€355,198 | -55.9% |
| Profit (loss) for the period | 9904 | €2,030,775 | €1,190,544 | -€840,230 | -41.4% |
| Transfer from tax-exempt reserves | 789 | €382,258 | €880,742 | +€498,485 | +130% |
| Transfer to tax-exempt reserves | 689 | €475,730 | €989,350 | +€513,620 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €1,937,302 | €1,081,937 | -€855,366 | -44.2% |
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 13 October 2026 via checked.be.