HARMONIE PHARMA: 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 PHARMA
Largest movements
- Deferred charges and accrued income -€106,915
down €106,915 (-100.0%), from €106,915 to €0
- Receivables within one year +€88,424
up €88,424 (+141.0%), from €62,731 to €151,156
of which Trade receivables: +€126,475
- Cash +€83,270
up €83,270 (+141.9%), from €58,664 to €141,934
mainly Deferred charges and accrued income (+€106,915) and Trade debts (+€90,282)
- Stocks and contracts +€44,703
up €44,703 (+44.5%), from €100,553 to €145,256
- Tangible fixed assets -€7,803
down €7,803 (-30.5%), from €25,590 to €17,787
of which Other tangible fixed assets: -€4,000
- Trade debts +€90,282
up €90,282 (+168.1%), from €53,719 to €144,002
- Profit (loss) carried forward -€62,185
down €62,185 (-22.5%), from €276,604 to €214,419
- Current portion of long-term debt +€31,852
up €31,852, from €0 to €31,852
- Other debts +€21,097
up €21,097 (+16678.5%), from €126 to €21,223
- Debts after one year +€13,272
up €13,272, from €0 to €13,272
- Gross operating margin +€140,957
up €140,957, from -€59,498 to €81,460
- Taxes -€103,515
down €103,515, from €95,561 to -€7,954
- Staff costs +€79,719
up €79,719 (+126.8%), from €62,845 to €142,565
- Financial income -€2,905
down €2,905 (-93.1%), from €3,122 to €216
- Other operating charges -€1,622
down €1,622 (-80.2%), from €2,022 to €400
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 | €358,170 | €456,132 | +€97,962 | +27.4% |
| Fixed assets | 21/28 | €29,306 | €17,787 | -€11,519 | -39.3% |
| Tangible fixed assets | 22/27 | €25,590 | €17,787 | -€7,803 | -30.5% |
| Plant, machinery and equipment | 23 | €17,590 | €13,787 | -€3,803 | -21.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Financial fixed assets | 28 | €3,717 | €0 | -€3,717 | -100.0% |
| Current assets | 29/58 | €328,864 | €438,345 | +€109,481 | +33.3% |
| Stocks and contracts in progress | 3 | €100,553 | €145,256 | +€44,703 | +44.5% |
| Stocks | 30/36 | €100,553 | €145,256 | +€44,703 | +44.5% |
| Amounts receivable within one year | 40/41 | €62,731 | €151,156 | +€88,424 | +141.0% |
| Trade receivables | 40 | €16,735 | €143,210 | +€126,475 | +755.8% |
| Other amounts receivable | 41 | €45,997 | €7,946 | -€38,051 | -82.7% |
| Cash at bank and in hand | 54/58 | €58,664 | €141,934 | +€83,270 | +141.9% |
| Deferred charges and accrued income | 490/1 | €106,915 | €0 | -€106,915 | -100.0% |
| Total equity and liabilities | 10/49 | €358,170 | €456,132 | +€97,962 | +27.4% |
| Equity | 10/15 | €297,064 | €234,879 | -€62,185 | -20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €276,604 | €214,419 | -€62,185 | -22.5% |
| Amounts payable | 17/49 | €61,106 | €221,253 | +€160,147 | +262.1% |
| Amounts payable after more than one year | 17 | €0 | €13,272 | +€13,272 | |
| Financial debts | 170/4 | €0 | €13,272 | +€13,272 | |
| Amounts payable within one year | 42/48 | €61,106 | €207,981 | +€146,875 | +240.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €31,852 | +€31,852 | |
| Trade debts | 44 | €53,719 | €144,002 | +€90,282 | +168.1% |
| Suppliers | 440/4 | €53,719 | €144,002 | +€90,282 | +168.1% |
| Taxes, remuneration and social security | 45 | €7,260 | €10,904 | +€3,644 | +50.2% |
| Remuneration and social security | 454/9 | €7,260 | €10,904 | +€3,644 | +50.2% |
| Other amounts payable | 47/48 | €126 | €21,223 | +€21,097 | +16678.5% |
| Remuneration, social security and pensions | 62 | €62,845 | €142,565 | +€79,719 | +126.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,908 | €7,803 | -€106 | -1.3% |
| Other operating charges | 640/8 | €2,022 | €400 | -€1,622 | -80.2% |
| Non-recurring operating charges | 66A | €3,143 | €0 | -€3,143 | -100.0% |
| Gross operating margin | 9900 | -€59,498 | €81,460 | +€140,957 | |
| Operating profit (loss) | 9901 | -€135,416 | -€69,307 | +€66,109 | +48.8% |
| Financial income | 75/76B | €3,122 | €216 | -€2,905 | -93.1% |
| Recurring financial income | 75 | €3,122 | €216 | -€2,905 | -93.1% |
| Financial charges | 65/66B | €2,183 | €1,048 | -€1,135 | -52.0% |
| Recurring financial charges | 65 | €2,183 | €1,048 | -€1,135 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | -€134,478 | -€70,139 | +€64,339 | +47.8% |
| Income taxes | 67/77 | €95,561 | -€7,954 | -€103,515 | |
| Profit (loss) for the period | 9904 | -€230,039 | -€62,185 | +€167,854 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€230,039 | -€62,185 | +€167,854 | +73.0% |
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 10 October 2026 via checked.be.