HARMONIC WAVES: 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.
HARMONIC WAVES
Largest movements
- Receivables within one year +€41,403
up €41,403 (+75.1%), from €55,105 to €96,508
of which Other amounts receivable: +€39,614
- Cash +€19,774
up €19,774 (+246.9%), from €8,010 to €27,784
mainly Net result for the year (+€47,590) and Tax, wage and social debts (+€29,452)
- Reserves +€47,590
up €47,590 (+815.6%), from €5,835 to €53,425
of which Distributable reserves: +€47,590
- Tax, wage and social debts +€29,452
up €29,452 (+137.2%), from €21,466 to €50,918
- Current portion of long-term debt -€7,534
down €7,534 (-66.3%), from €11,363 to €3,829
- Trade debts -€4,910
down €4,910 (-83.6%), from €5,872 to €963
- Debts after one year -€3,829
down €3,829 (-100.0%), from €3,829 to €0
- Gross operating margin +€50,950
up €50,950 (+217.7%), from €23,404 to €74,354
- Taxes +€23,164
up €23,164 (+1104.2%), from €2,098 to €25,262
- Depreciation -€12,686
down €12,686 (-79.1%), from €16,037 to €3,351
- Financial income +€2,036
up €2,036 (+128.4%), from €1,585 to €3,621
- Other operating charges -€1,005
down €1,005 (-55.4%), from €1,815 to €810
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,505 | €134,270 | +€60,765 | +82.7% |
| Fixed assets | 21/28 | €8,720 | €8,438 | -€282 | -3.2% |
| Tangible fixed assets | 22/27 | €5,720 | €5,438 | -€282 | -4.9% |
| Plant, machinery and equipment | 23 | €906 | €604 | -€302 | -33.3% |
| Furniture and vehicles | 24 | €4,814 | €4,834 | +€20 | +0.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €64,784 | €125,832 | +€61,047 | +94.2% |
| Amounts receivable within one year | 40/41 | €55,105 | €96,508 | +€41,403 | +75.1% |
| Trade receivables | 40 | €14,304 | €16,093 | +€1,789 | +12.5% |
| Other amounts receivable | 41 | €40,801 | €80,415 | +€39,614 | +97.1% |
| Current investments | 50/53 | €523 | €180 | -€343 | -65.6% |
| Cash at bank and in hand | 54/58 | €8,010 | €27,784 | +€19,774 | +246.9% |
| Deferred charges and accrued income | 490/1 | €1,146 | €1,360 | +€213 | +18.6% |
| Total equity and liabilities | 10/49 | €73,505 | €134,270 | +€60,765 | +82.7% |
| Equity | 10/15 | €29,456 | €77,046 | +€47,590 | +161.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,835 | €53,425 | +€47,590 | +815.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,975 | €51,565 | +€47,590 | +1197.3% |
| Profit (loss) carried forward | 14 | €17,421 | €17,421 | = | 0.0% |
| Amounts payable | 17/49 | €44,049 | €57,224 | +€13,175 | +29.9% |
| Amounts payable after more than one year | 17 | €3,829 | €0 | -€3,829 | -100.0% |
| Financial debts | 170/4 | €3,829 | €0 | -€3,829 | -100.0% |
| Amounts payable within one year | 42/48 | €39,119 | €56,124 | +€17,004 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €11,363 | €3,829 | -€7,534 | -66.3% |
| Trade debts | 44 | €5,872 | €963 | -€4,910 | -83.6% |
| Suppliers | 440/4 | €5,872 | €963 | -€4,910 | -83.6% |
| Taxes, remuneration and social security | 45 | €21,466 | €50,918 | +€29,452 | +137.2% |
| Taxes | 450/3 | €21,466 | €50,918 | +€29,452 | +137.2% |
| Other amounts payable | 47/48 | €418 | €413 | -€4 | -1.1% |
| Accrued charges and deferred income | 492/3 | €1,100 | €1,100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,037 | €3,351 | -€12,686 | -79.1% |
| Other operating charges | 640/8 | €1,815 | €810 | -€1,005 | -55.4% |
| Gross operating margin | 9900 | €23,404 | €74,354 | +€50,950 | +217.7% |
| Operating profit (loss) | 9901 | €5,552 | €70,193 | +€64,640 | +1164.2% |
| Financial income | 75/76B | €1,585 | €3,621 | +€2,036 | +128.4% |
| Recurring financial income | 75 | €1,585 | €3,621 | +€2,036 | +128.4% |
| Financial charges | 65/66B | €1,065 | €962 | -€103 | -9.6% |
| Recurring financial charges | 65 | €1,065 | €962 | -€103 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €6,073 | €72,852 | +€66,779 | +1099.7% |
| Income taxes | 67/77 | €2,098 | €25,262 | +€23,164 | +1104.2% |
| Profit (loss) for the period | 9904 | €3,975 | €47,590 | +€43,615 | +1097.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,975 | €47,590 | +€43,615 | +1097.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.