HARLEKIJN: 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.
HARLEKIJN
Largest movements
- Stocks and contracts +€26,989
up €26,989 (+9.6%), from €282,368 to €309,356
- Tangible fixed assets -€7,000
down €7,000 (-89.1%), from €7,858 to €858
of which Land and buildings: -€5,096
- Receivables within one year -€4,083
down €4,083 (-89.1%), from €4,582 to €499
of which Trade receivables: -€4,582
- Short-term financial debts +€20,000
up €20,000 (+40.0%), from €50,000 to €70,000
- Other debts +€15,196
up €15,196 (+8.8%), from €173,485 to €188,681
- Trade debts -€13,236
down €13,236 (-45.6%), from €29,024 to €15,788
- Tax, wage and social debts -€6,879
down €6,879 (-35.3%), from €19,507 to €12,628
of which Taxes: -€7,457
- Gross operating margin -€19,962
down €19,962 (-20.2%), from €98,697 to €78,735
- Staff costs -€11,740
down €11,740 (-15.6%), from €75,345 to €63,605
- Financial charges -€1,319
down €1,319 (-15.8%), from €8,364 to €7,045
- Financial income -€1,227
down €1,227 (-17.5%), from €6,994 to €5,767
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 | €311,608 | €328,416 | +€16,808 | +5.4% |
| Fixed assets | 21/28 | €10,201 | €3,201 | -€7,000 | -68.6% |
| Tangible fixed assets | 22/27 | €7,858 | €858 | -€7,000 | -89.1% |
| Land and buildings | 22 | €5,096 | - | -€5,096 | |
| Plant, machinery and equipment | 23 | €2,761 | €858 | -€1,903 | -68.9% |
| Financial fixed assets | 28 | €2,343 | €2,343 | = | 0.0% |
| Current assets | 29/58 | €301,407 | €325,215 | +€23,808 | +7.9% |
| Stocks and contracts in progress | 3 | €282,368 | €309,356 | +€26,989 | +9.6% |
| Stocks | 30/36 | €282,368 | €309,356 | +€26,989 | +9.6% |
| Amounts receivable within one year | 40/41 | €4,582 | €499 | -€4,083 | -89.1% |
| Trade receivables | 40 | €4,582 | - | -€4,582 | |
| Other amounts receivable | 41 | €0 | €499 | +€499 | +623362.5% |
| Cash at bank and in hand | 54/58 | €13,916 | €15,325 | +€1,409 | +10.1% |
| Deferred charges and accrued income | 490/1 | €541 | €35 | -€506 | -93.5% |
| Total equity and liabilities | 10/49 | €311,608 | €328,416 | +€16,808 | +5.4% |
| Equity | 10/15 | €39,342 | €41,320 | +€1,978 | +5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,750 | €22,728 | +€1,978 | +9.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €18,891 | €20,869 | +€1,978 | +10.5% |
| Amounts payable | 17/49 | €272,266 | €287,096 | +€14,830 | +5.4% |
| Amounts payable within one year | 42/48 | €272,016 | €287,096 | +€15,080 | +5.5% |
| Financial debts | 43 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Credit institutions | 430/8 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Trade debts | 44 | €29,024 | €15,788 | -€13,236 | -45.6% |
| Suppliers | 440/4 | €29,024 | €15,788 | -€13,236 | -45.6% |
| Taxes, remuneration and social security | 45 | €19,507 | €12,628 | -€6,879 | -35.3% |
| Taxes | 450/3 | €11,085 | €3,628 | -€7,457 | -67.3% |
| Remuneration and social security | 454/9 | €8,422 | €9,000 | +€578 | +6.9% |
| Other amounts payable | 47/48 | €173,485 | €188,681 | +€15,196 | +8.8% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €75,345 | €63,605 | -€11,740 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,000 | €7,000 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,290 | €4,532 | +€242 | +5.6% |
| Gross operating margin | 9900 | €98,697 | €78,735 | -€19,962 | -20.2% |
| Operating profit (loss) | 9901 | €12,062 | €3,597 | -€8,465 | -70.2% |
| Financial income | 75/76B | €6,994 | €5,767 | -€1,227 | -17.5% |
| Recurring financial income | 75 | €6,994 | €5,767 | -€1,227 | -17.5% |
| Financial charges | 65/66B | €8,364 | €7,045 | -€1,319 | -15.8% |
| Recurring financial charges | 65 | €8,364 | €7,045 | -€1,319 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €10,692 | €2,320 | -€8,372 | -78.3% |
| Income taxes | 67/77 | - | €144 | +€144 | |
| Profit (loss) for the period | 9904 | €10,692 | €2,176 | -€8,516 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,692 | €2,176 | -€8,516 | -79.6% |
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 8 October 2026 via checked.be.