HARMONIE 2: what changed
Two financial 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.
HARMONIE 2
Largest movements
- Deferred charges and accrued income +€21,969
new in 2025: €21,969
- Receivables within one year -€17,940
down €17,940 (-83.4%), from €21,500 to €3,559
- Stocks and contracts -€16,139
down €16,139 (-47.0%), from €34,307 to €18,168
- Cash -€4,807
down €4,807 (-29.5%), from €16,295 to €11,488
mainly Net result for the year (-€33,027) and Other debts (-€28,000)
- Profit (loss) carried forward -€33,027
down €33,027 (-3.9%), from -€856,542 to -€889,569
- Trade debts +€30,906
up €30,906 (+9.2%), from €335,498 to €366,404
- Other debts -€28,000
down €28,000 (-6.6%), from €427,468 to €399,468
- Accrued charges and deferred income +€12,493
up €12,493 (+731.4%), from €1,708 to €14,201
- Gross operating margin -€45,807
down €45,807 (-6.6%), from €689,205 to €643,398
- Financial charges +€14,701
up €14,701 (+135.5%), from €10,849 to €25,550
- Staff costs +€7,452
up €7,452 (+1.2%), from €641,615 to €649,067
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 | €76,252 | €59,243 | -€17,009 | -22.3% |
| Fixed assets | 21/28 | €4,150 | €4,057 | -€93 | -2.2% |
| Tangible fixed assets | 22/27 | €2,652 | €2,559 | -€93 | -3.5% |
| Plant, machinery and equipment | 23 | €295 | €222 | -€74 | -25.0% |
| Furniture and vehicles | 24 | €2,357 | €2,338 | -€19 | -0.8% |
| Financial fixed assets | 28 | €1,498 | €1,498 | = | 0.0% |
| Current assets | 29/58 | €72,102 | €55,185 | -€16,917 | -23.5% |
| Stocks and contracts in progress | 3 | €34,307 | €18,168 | -€16,139 | -47.0% |
| Stocks | 30/36 | €34,307 | €18,168 | -€16,139 | -47.0% |
| Amounts receivable within one year | 40/41 | €21,500 | €3,559 | -€17,940 | -83.4% |
| Trade receivables | 40 | €21,500 | €3,559 | -€17,940 | -83.4% |
| Cash at bank and in hand | 54/58 | €16,295 | €11,488 | -€4,807 | -29.5% |
| Deferred charges and accrued income | 490/1 | - | €21,969 | +€21,969 | |
| Total equity and liabilities | 10/49 | €76,252 | €59,243 | -€17,009 | -22.3% |
| Equity | 10/15 | -€778,882 | -€811,909 | -€33,027 | -4.2% |
| Contributions | 10/11 | €70,600 | €70,600 | = | 0.0% |
| Capital | 10 | €70,600 | €70,600 | = | 0.0% |
| Issued capital | 100 | €70,600 | €70,600 | = | 0.0% |
| Reserves | 13 | €7,060 | €7,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,060 | €7,060 | = | 0.0% |
| Legal reserve | 130 | €7,060 | €7,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€856,542 | -€889,569 | -€33,027 | -3.9% |
| Provisions and deferred taxes | 16 | €2,500 | €2,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,500 | €2,500 | = | 0.0% |
| Environmental obligations | 163 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €852,634 | €868,652 | +€16,018 | +1.9% |
| Amounts payable within one year | 42/48 | €850,926 | €854,451 | +€3,525 | +0.4% |
| Trade debts | 44 | €335,498 | €366,404 | +€30,906 | +9.2% |
| Suppliers | 440/4 | €335,498 | €366,404 | +€30,906 | +9.2% |
| Taxes, remuneration and social security | 45 | €87,960 | €88,579 | +€620 | +0.7% |
| Taxes | 450/3 | €19,225 | €15,673 | -€3,552 | -18.5% |
| Remuneration and social security | 454/9 | €68,735 | €72,907 | +€4,171 | +6.1% |
| Other amounts payable | 47/48 | €427,468 | €399,468 | -€28,000 | -6.6% |
| Accrued charges and deferred income | 492/3 | €1,708 | €14,201 | +€12,493 | +731.4% |
| Non-recurring operating income | 76A | €50,584 | €0 | -€50,584 | -100.0% |
| Remuneration, social security and pensions | 62 | €641,615 | €649,067 | +€7,452 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438 | €492 | +€54 | +12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30 | €0 | -€30 | -98.8% |
| Other operating charges | 640/8 | €501 | €465 | -€36 | -7.1% |
| Non-recurring operating charges | 66A | - | €860 | +€860 | |
| Gross operating margin | 9900 | €689,205 | €643,398 | -€45,807 | -6.6% |
| Operating profit (loss) | 9901 | €46,620 | -€7,486 | -€54,107 | |
| Financial income | 75/76B | €20 | €9 | -€11 | -53.7% |
| Recurring financial income | 75 | €20 | €9 | -€11 | -53.7% |
| Financial charges | 65/66B | €10,849 | €25,550 | +€14,701 | +135.5% |
| Recurring financial charges | 65 | €10,849 | €25,550 | +€14,701 | +135.5% |
| Profit (loss) for the period before taxes | 9903 | €35,792 | -€33,027 | -€68,819 | |
| Profit (loss) for the period | 9904 | €35,792 | -€33,027 | -€68,819 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,792 | -€33,027 | -€68,819 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.