HARLAZ: what changed
HARLAZ
Largest movements
- Tangible fixed assets -€3,911
down €3,911 (-98.2%), from €3,982 to €71
- Deferred charges and accrued income +€2,174
up €2,174 (+766%), from €284 to €2,458
- Receivables within one year +€2,170
up €2,170 (+21.1%), from €10,284 to €12,454
of which Trade receivables: +€2,626
- Other debts -€17,236
down €17,236 (-41.4%), from €41,662 to €24,425
- Reserves +€11,487
up €11,487 (+130%), from €8,859 to €20,346
- Trade debts +€5,872
up €5,872 (+183%), from €3,203 to €9,075
- Gross operating margin +€5,967
up €5,967 (+50.7%), from €11,768 to €17,735
- Depreciation -€3,062
down €3,062 (-84.7%), from €3,615 to €553
- Financial charges +€1,819
up €1,819 (+2,552%), from €71 to €1,890
- Taxes +€675
up €675 (+26.3%), from €2,568 to €3,243
- Other operating charges -€465
down €465 (-41.2%), from €1,129 to €664
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,456 | €79,959 | +€503 | +0.6% |
| Fixed assets | 21/28 | €3,982 | €71 | -€3,911 | -98.2% |
| Tangible fixed assets | 22/27 | €3,982 | €71 | -€3,911 | -98.2% |
| Furniture and vehicles | 24 | €3,982 | €71 | -€3,911 | -98.2% |
| Current assets | 29/58 | €75,474 | €79,888 | +€4,414 | +5.8% |
| Stocks and contracts in progress | 3 | €66 | €0 | -€66 | -100% |
| Stocks | 30/36 | €66 | €0 | -€66 | -100% |
| Amounts receivable within one year | 40/41 | €10,284 | €12,454 | +€2,170 | +21.1% |
| Trade receivables | 40 | €8,790 | €11,417 | +€2,626 | +29.9% |
| Other amounts receivable | 41 | €1,494 | €1,038 | -€456 | -30.5% |
| Cash at bank and in hand | 54/58 | €64,841 | €64,976 | +€135 | +0.2% |
| Deferred charges and accrued income | 490/1 | €284 | €2,458 | +€2,174 | +766% |
| Total equity and liabilities | 10/49 | €79,456 | €79,959 | +€503 | +0.6% |
| Equity | 10/15 | €27,409 | €38,896 | +€11,487 | +41.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €8,859 | €20,346 | +€11,487 | +130% |
| Distributable reserves | 133 | €8,859 | €20,346 | +€11,487 | +130% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,047 | €41,063 | -€10,984 | -21.1% |
| Amounts payable within one year | 42/48 | €52,047 | €41,063 | -€10,984 | -21.1% |
| Trade debts | 44 | €3,203 | €9,075 | +€5,872 | +183% |
| Suppliers | 440/4 | €3,203 | €9,075 | +€5,872 | +183% |
| Taxes, remuneration and social security | 45 | €7,182 | €7,563 | +€380 | +5.3% |
| Taxes | 450/3 | €4,187 | €4,543 | +€356 | +8.5% |
| Remuneration and social security | 454/9 | €2,996 | €3,020 | +€24 | +0.8% |
| Other amounts payable | 47/48 | €41,662 | €24,425 | -€17,236 | -41.4% |
| Non-recurring operating income | 76A | - | €3,642 | +€3,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,615 | €553 | -€3,062 | -84.7% |
| Other operating charges | 640/8 | €1,129 | €664 | -€465 | -41.2% |
| Gross operating margin | 9900 | €11,768 | €17,735 | +€5,967 | +50.7% |
| Operating profit (loss) | 9901 | €7,024 | €16,519 | +€9,495 | +135% |
| Financial income | 75/76B | €1 | €102 | +€101 | +12,603% |
| Recurring financial income | 75 | €1 | €102 | +€101 | +12,603% |
| Financial charges | 65/66B | €71 | €1,890 | +€1,819 | +2,552% |
| Recurring financial charges | 65 | €71 | €1,890 | +€1,819 | +2,552% |
| Profit (loss) for the period before taxes | 9903 | €6,954 | €14,730 | +€7,777 | +112% |
| Income taxes | 67/77 | €2,568 | €3,243 | +€675 | +26.3% |
| Profit (loss) for the period | 9904 | €4,385 | €11,487 | +€7,102 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €4,385 | €11,487 | +€7,102 | +162% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.