HARMONIE & PARTNERS: what changed
HARMONIE & PARTNERS
Largest movements
- Receivables within one year +€111,265
up €111,265 (+277%), from €40,233 to €151,498
of which Other amounts receivable: +€60,122
- Cash -€55,915
down €55,915 (-48.2%), from €115,935 to €60,020
mainly Receivables within one year (-€111,265) and Investment in fixed assets (net) (-€34,109)
- Tangible fixed assets +€28,648
up €28,648 (+925%), from €3,098 to €31,746
of which Furniture and vehicles: +€25,718
- Deferred charges and accrued income +€5,942
up €5,942 (+278%), from €2,136 to €8,078
- Reserves +€72,408
up €72,408 (+48.2%), from €150,138 to €222,546
of which Distributable reserves: +€72,408
- Trade debts +€36,382
up €36,382 (+5,059%), from €719 to €37,101
- Other debts -€9,770
no longer reported in 2025 (was €9,770)
- Tax, wage and social debts -€9,080
down €9,080 (-28.2%), from €32,175 to €23,095
- Financial income -€46,697
down €46,697 (-85.7%), from €54,474 to €7,776
- Taxes -€18,428
down €18,428 (-49.7%), from €37,096 to €18,667
- Depreciation -€3,538
down €3,538 (-39.3%), from €8,999 to €5,461
- Gross operating margin -€1,724
down €1,724 (-2.0%), from €88,164 to €86,440
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,401 | €301,342 | +€89,940 | +42.5% |
| Fixed assets | 21/28 | €3,098 | €31,746 | +€28,648 | +925% |
| Tangible fixed assets | 22/27 | €3,098 | €31,746 | +€28,648 | +925% |
| Plant, machinery and equipment | 23 | - | €2,930 | +€2,930 | |
| Furniture and vehicles | 24 | €3,098 | €28,816 | +€25,718 | +830% |
| Current assets | 29/58 | €208,303 | €269,596 | +€61,293 | +29.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,233 | €151,498 | +€111,265 | +277% |
| Trade receivables | 40 | €40,233 | €91,376 | +€51,144 | +127% |
| Other amounts receivable | 41 | - | €60,122 | +€60,122 | |
| Cash at bank and in hand | 54/58 | €115,935 | €60,020 | -€55,915 | -48.2% |
| Deferred charges and accrued income | 490/1 | €2,136 | €8,078 | +€5,942 | +278% |
| Total equity and liabilities | 10/49 | €211,401 | €301,342 | +€89,940 | +42.5% |
| Equity | 10/15 | €168,738 | €241,146 | +€72,408 | +42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €150,138 | €222,546 | +€72,408 | +48.2% |
| 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 | €148,278 | €220,686 | +€72,408 | +48.8% |
| Amounts payable | 17/49 | €42,664 | €60,196 | +€17,532 | +41.1% |
| Amounts payable within one year | 42/48 | €42,664 | €60,196 | +€17,532 | +41.1% |
| Trade debts | 44 | €719 | €37,101 | +€36,382 | +5,059% |
| Suppliers | 440/4 | €719 | €37,101 | +€36,382 | +5,059% |
| Taxes, remuneration and social security | 45 | €32,175 | €23,095 | -€9,080 | -28.2% |
| Taxes | 450/3 | €32,175 | €23,095 | -€9,080 | -28.2% |
| Other amounts payable | 47/48 | €9,770 | - | -€9,770 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,999 | €5,461 | -€3,538 | -39.3% |
| Other operating charges | 640/8 | €1,234 | €520 | -€714 | -57.9% |
| Gross operating margin | 9900 | €88,164 | €86,440 | -€1,724 | -2.0% |
| Operating profit (loss) | 9901 | €77,931 | €80,459 | +€2,528 | +3.2% |
| Financial income | 75/76B | €54,474 | €7,776 | -€46,697 | -85.7% |
| Recurring financial income | 75 | €54,474 | €7,776 | -€46,697 | -85.7% |
| Financial charges | 65/66B | €101 | €160 | +€59 | +58.1% |
| Recurring financial charges | 65 | €101 | €160 | +€59 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €132,304 | €88,076 | -€44,228 | -33.4% |
| Income taxes | 67/77 | €37,096 | €18,667 | -€18,428 | -49.7% |
| Profit (loss) for the period | 9904 | €95,208 | €69,408 | -€25,799 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,208 | €69,408 | -€25,799 | -27.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.