HARMONEY: 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.
What changed
HARMONEY
NACE 63.910, Web portal activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€979,250
2024 · €75,517-€1.1m
Equity
€4.1m
2024 · €5.1m-€979,250
Cash
€12,330
2024 · €85,942-€73,612
Balance sheet total
€9.3m
2024 · €8.6m+€759,420
Largest movements
Assets
- Intangible fixed assets +€654,434
up €654,434 (+16.6%), from €4.0m to €4.6m
- Receivables within one year +€111,601
up €111,601 (+16.4%), from €680,182 to €791,783
of which Other amounts receivable: +€71,475
Equity and liabilities
- Profit (loss) carried forward -€979,250
down €979,250 (-32.8%), from -€3.0m to -€4.0m
- Debts after one year +€880,998
up €880,998 (+38.2%), from €2.3m to €3.2m
- Short-term financial debts +€372,529
up €372,529 (+3910.2%), from €9,527 to €382,056
- Trade debts +€195,403
up €195,403 (+36.4%), from €536,230 to €731,633
- Current portion of long-term debt +€126,571
up €126,571 (+28.4%), from €445,393 to €571,965
Income statement
- Gross operating margin -€564,148
down €564,148 (-31.0%), from €1.8m to €1.3m
- Depreciation +€465,930
up €465,930 (+57.1%), from €816,033 to €1.3m
- Financial income +€204,765
up €204,765 (+53163.7%), from €385 to €205,150
- Staff costs +€173,542
up €173,542 (+19.7%), from €881,690 to €1.1m
- Taxes +€57,356
up €57,356 (+50.9%), from -€112,695 to -€55,340
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
€75,517
Gross operating margin
-€564,148
Staff costs
-€173,542
Depreciation
-€465,930
Other operating charges
+€3,390
Other operating items
-€3,430
Financial income
+€204,765
Financial charges
+€1,484
Taxes
-€57,356
Result 2025
-€979,250
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.
From operations
+€515,713
Investment
-€2.0m
Financing
+€1.4m
Cash 2024
€85,942
From operations (derived)
+€515,713
Net result for the year
-€979,250
Depreciation
+€1.3m
Receivables after one year
-€31,193
Receivables within one year
-€111,601
Deferred charges and accrued income
-€2,777
Trade debts
+€195,403
Tax, wage and social debts
+€39,226
Other debts
+€20,028
Accrued charges and deferred income
+€103,915
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€1.4m
Debts after one year
+€880,998
Current portion of long-term debt
+€126,571
Short-term financial debts
+€372,529
Cash 2025
€12,330
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,567,644 | €9,327,064 | +€759,420 | +8.9% |
| Fixed assets | 21/28 | €7,496,872 | €8,184,332 | +€687,460 | +9.2% |
| Intangible fixed assets | 21 | €3,951,359 | €4,605,793 | +€654,434 | +16.6% |
| Tangible fixed assets | 22/27 | €37,117 | €70,143 | +€33,026 | +89.0% |
| Plant, machinery and equipment | 23 | €27,188 | €20,018 | -€7,171 | -26.4% |
| Furniture and vehicles | 24 | €9,929 | €38,991 | +€29,062 | +292.7% |
| Other tangible fixed assets | 26 | - | €11,135 | +€11,135 | |
| Financial fixed assets | 28 | €3,508,396 | €3,508,396 | = | 0.0% |
| Current assets | 29/58 | €1,070,772 | €1,142,732 | +€71,960 | +6.7% |
| Amounts receivable after more than one year | 29 | €269,747 | €300,940 | +€31,193 | +11.6% |
| Other amounts receivable | 291 | €269,747 | €300,940 | +€31,193 | +11.6% |
| Amounts receivable within one year | 40/41 | €680,182 | €791,783 | +€111,601 | +16.4% |
| Trade receivables | 40 | €670,770 | €710,896 | +€40,126 | +6.0% |
| Other amounts receivable | 41 | €9,412 | €80,887 | +€71,475 | +759.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €85,942 | €12,330 | -€73,612 | -85.7% |
| Deferred charges and accrued income | 490/1 | €34,902 | €37,679 | +€2,777 | +8.0% |
| Total equity and liabilities | 10/49 | €8,567,644 | €9,327,064 | +€759,420 | +8.9% |
| Equity | 10/15 | €5,052,690 | €4,073,440 | -€979,250 | -19.4% |
| Contributions | 10/11 | €8,038,944 | €8,038,944 | = | 0.0% |
| Capital | 10 | €8,038,944 | €8,038,944 | = | 0.0% |
| Issued capital | 100 | €8,038,944 | €8,038,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,986,254 | -€3,965,504 | -€979,250 | -32.8% |
| Amounts payable | 17/49 | €3,514,954 | €5,253,624 | +€1.7m | +49.5% |
| Amounts payable after more than one year | 17 | €2,305,606 | €3,186,604 | +€880,998 | +38.2% |
| Financial debts | 170/4 | €2,305,606 | €3,186,604 | +€880,998 | +38.2% |
| Amounts payable within one year | 42/48 | €1,209,349 | €1,963,105 | +€753,757 | +62.3% |
| Current portion of amounts payable after more than one year | 42 | €445,393 | €571,965 | +€126,571 | +28.4% |
| Financial debts | 43 | €9,527 | €382,056 | +€372,529 | +3910.2% |
| Credit institutions | 430/8 | €9,527 | €382,056 | +€372,529 | +3910.2% |
| Trade debts | 44 | €536,230 | €731,633 | +€195,403 | +36.4% |
| Suppliers | 440/4 | €536,230 | €731,633 | +€195,403 | +36.4% |
| Taxes, remuneration and social security | 45 | €211,497 | €250,723 | +€39,226 | +18.5% |
| Taxes | 450/3 | €37,120 | €34,762 | -€2,358 | -6.4% |
| Remuneration and social security | 454/9 | €174,377 | €215,961 | +€41,584 | +23.8% |
| Other amounts payable | 47/48 | €6,701 | €26,729 | +€20,028 | +298.9% |
| Accrued charges and deferred income | 492/3 | €0 | €103,915 | +€103,915 | |
| Remuneration, social security and pensions | 62 | €881,690 | €1,055,232 | +€173,542 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €816,033 | €1,281,963 | +€465,930 | +57.1% |
| Other operating charges | 640/8 | €5,826 | €2,436 | -€3,390 | -58.2% |
| Non-recurring operating charges | 66A | - | €3,430 | +€3,430 | |
| Gross operating margin | 9900 | €1,820,600 | €1,256,452 | -€564,148 | -31.0% |
| Operating profit (loss) | 9901 | €117,050 | -€1,086,610 | -€1.2m | |
| Financial income | 75/76B | €385 | €205,150 | +€204,765 | +53163.7% |
| Recurring financial income | 75 | €385 | €205,150 | +€204,765 | +53163.7% |
| Financial charges | 65/66B | €154,615 | €153,131 | -€1,484 | -1.0% |
| Recurring financial charges | 65 | €154,615 | €153,131 | -€1,484 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,179 | -€1,034,590 | -€997,411 | -2682.7% |
| Income taxes | 67/77 | -€112,695 | -€55,340 | +€57,356 | +50.9% |
| Profit (loss) for the period | 9904 | €75,517 | -€979,250 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €75,517 | -€979,250 | -€1.1m |
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 4 October 2026 via checked.be.