HARMONT: 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.
HARMONT
Largest movements
- Tangible fixed assets -€2,028
down €2,028 (-11.2%), from €18,183 to €16,155
of which Land and buildings: -€2,028
- Stocks and contracts +€1,886
up €1,886 (+2.7%), from €70,626 to €72,512
- Profit (loss) carried forward +€7,714
up €7,714 (+22.3%), from -€34,632 to -€26,918
- Tax, wage and social debts -€2,905
down €2,905 (-26.2%), from €11,074 to €8,169
of which Remuneration and social security: -€2,800
- Other debts -€2,683
down €2,683 (-4.8%), from €55,744 to €53,061
- Trade debts -€1,446
down €1,446 (-10.3%), from €14,104 to €12,658
- Staff costs -€19,186
down €19,186 (-93.4%), from €20,538 to €1,352
- Write-downs +€3,956
up €3,956, from -€2,219 to €1,737
- Gross operating margin -€2,323
down €2,323 (-11.5%), from €20,263 to €17,940
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 | €96,738 | €97,418 | +€680 | +0.7% |
| Fixed assets | 21/28 | €18,208 | €16,180 | -€2,028 | -11.1% |
| Tangible fixed assets | 22/27 | €18,183 | €16,155 | -€2,028 | -11.2% |
| Land and buildings | 22 | €18,183 | €16,155 | -€2,028 | -11.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €78,530 | €81,238 | +€2,708 | +3.4% |
| Stocks and contracts in progress | 3 | €70,626 | €72,512 | +€1,886 | +2.7% |
| Stocks | 30/36 | €70,626 | €72,512 | +€1,886 | +2.7% |
| Cash at bank and in hand | 54/58 | €6,581 | €7,408 | +€827 | +12.6% |
| Deferred charges and accrued income | 490/1 | €1,322 | €1,318 | -€4 | -0.3% |
| Total equity and liabilities | 10/49 | €96,738 | €97,418 | +€680 | +0.7% |
| Equity | 10/15 | -€12,984 | -€5,270 | +€7,714 | +59.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,056 | €3,056 | = | 0.0% |
| Non-distributable reserves | 130/1 | €277 | €277 | = | 0.0% |
| Reserves not available under the articles | 1311 | €277 | €277 | = | 0.0% |
| Distributable reserves | 133 | €2,779 | €2,779 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,632 | -€26,918 | +€7,714 | +22.3% |
| Amounts payable | 17/49 | €109,722 | €102,688 | -€7,034 | -6.4% |
| Amounts payable after more than one year | 17 | €28,800 | €28,800 | = | 0.0% |
| Financial debts | 170/4 | €28,800 | €28,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €80,922 | €73,888 | -€7,034 | -8.7% |
| Trade debts | 44 | €14,104 | €12,658 | -€1,446 | -10.3% |
| Suppliers | 440/4 | €14,104 | €12,658 | -€1,446 | -10.3% |
| Taxes, remuneration and social security | 45 | €11,074 | €8,169 | -€2,905 | -26.2% |
| Taxes | 450/3 | €6,261 | €6,155 | -€106 | -1.7% |
| Remuneration and social security | 454/9 | €4,813 | €2,014 | -€2,800 | -58.2% |
| Other amounts payable | 47/48 | €55,744 | €53,061 | -€2,683 | -4.8% |
| Remuneration, social security and pensions | 62 | €20,538 | €1,352 | -€19,186 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,028 | €2,028 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,219 | €1,737 | +€3,956 | |
| Other operating charges | 640/8 | €3,026 | €3,208 | +€182 | +6.0% |
| Gross operating margin | 9900 | €20,263 | €17,940 | -€2,323 | -11.5% |
| Operating profit (loss) | 9901 | -€3,110 | €9,615 | +€12,725 | |
| Financial income | 75/76B | €140 | €112 | -€28 | -20.0% |
| Recurring financial income | 75 | €140 | €112 | -€28 | -20.0% |
| Financial charges | 65/66B | €1,683 | €1,836 | +€153 | +9.1% |
| Recurring financial charges | 65 | €1,683 | €1,836 | +€153 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,654 | €7,890 | +€12,544 | |
| Income taxes | 67/77 | €171 | €176 | +€5 | +3.1% |
| Profit (loss) for the period | 9904 | -€4,825 | €7,714 | +€12,539 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,825 | €7,714 | +€12,539 |
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 30 September 2026 via checked.be.