HARMAN: 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.
HARMAN
Largest movements
- Stocks and contracts -€28,990
down €28,990 (-48.3%), from €59,981 to €30,990
- Cash +€17,003
up €17,003 (+246.6%), from €6,895 to €23,898
mainly Stocks and contracts (+€28,990) and Net result for the year (+€4,599)
- Receivables within one year +€4,637
up €4,637 (+222.8%), from €2,081 to €6,718
- Tangible fixed assets -€1,108
down €1,108 (-56.0%), from €1,978 to €870
of which Furniture and vehicles: -€895
- Trade debts -€14,990
down €14,990 (-45.4%), from €33,031 to €18,041
- Reserves +€4,599
up €4,599 (+15.0%), from €30,596 to €35,195
of which Distributable reserves: +€4,599
- Tax, wage and social debts +€1,932
up €1,932 (+174.3%), from €1,108 to €3,040
- Gross operating margin +€7,171
up €7,171 (+81.6%), from €8,788 to €15,959
- Financial charges +€2,317
up €2,317 (+727.2%), from €319 to €2,636
- Other operating charges +€1,805
up €1,805 (+46.2%), from €3,906 to €5,711
- Taxes +€797
up €797 (+71.9%), from €1,108 to €1,905
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 | €70,935 | €62,476 | -€8,459 | -11.9% |
| Fixed assets | 21/28 | €1,978 | €870 | -€1,108 | -56.0% |
| Tangible fixed assets | 22/27 | €1,978 | €870 | -€1,108 | -56.0% |
| Plant, machinery and equipment | 23 | €426 | €213 | -€213 | -50.0% |
| Furniture and vehicles | 24 | €1,553 | €658 | -€895 | -57.7% |
| Current assets | 29/58 | €68,957 | €61,606 | -€7,351 | -10.7% |
| Stocks and contracts in progress | 3 | €59,981 | €30,990 | -€28,990 | -48.3% |
| Stocks | 30/36 | €59,981 | €30,990 | -€28,990 | -48.3% |
| Amounts receivable within one year | 40/41 | €2,081 | €6,718 | +€4,637 | +222.8% |
| Other amounts receivable | 41 | €2,081 | €6,718 | +€4,637 | +222.8% |
| Cash at bank and in hand | 54/58 | €6,895 | €23,898 | +€17,003 | +246.6% |
| Total equity and liabilities | 10/49 | €70,935 | €62,476 | -€8,459 | -11.9% |
| Equity | 10/15 | €36,796 | €41,395 | +€4,599 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,596 | €35,195 | +€4,599 | +15.0% |
| Non-distributable reserves | 130/1 | €1,590 | €1,590 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,590 | €1,590 | = | 0.0% |
| Distributable reserves | 133 | €29,006 | €33,605 | +€4,599 | +15.9% |
| Amounts payable | 17/49 | €34,139 | €21,081 | -€13,058 | -38.2% |
| Amounts payable within one year | 42/48 | €34,139 | €21,081 | -€13,058 | -38.2% |
| Trade debts | 44 | €33,031 | €18,041 | -€14,990 | -45.4% |
| Suppliers | 440/4 | €33,031 | €18,041 | -€14,990 | -45.4% |
| Taxes, remuneration and social security | 45 | €1,108 | €3,040 | +€1,932 | +174.3% |
| Taxes | 450/3 | €1,108 | €3,040 | +€1,932 | +174.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,108 | €1,108 | = | 0.0% |
| Other operating charges | 640/8 | €3,906 | €5,711 | +€1,805 | +46.2% |
| Gross operating margin | 9900 | €8,788 | €15,959 | +€7,171 | +81.6% |
| Operating profit (loss) | 9901 | €3,774 | €9,140 | +€5,366 | +142.2% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €319 | €2,636 | +€2,317 | +727.2% |
| Recurring financial charges | 65 | €319 | €2,636 | +€2,317 | +727.2% |
| Profit (loss) for the period before taxes | 9903 | €3,460 | €6,504 | +€3,044 | +88.0% |
| Income taxes | 67/77 | €1,108 | €1,905 | +€797 | +71.9% |
| Profit (loss) for the period | 9904 | €2,351 | €4,599 | +€2,247 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,351 | €4,599 | +€2,247 | +95.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.