HARMONT INVEST: 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.
HARMONT INVEST
Largest movements
- Receivables within one year -€227,217
down €227,217 (-7.8%), from €2.9m to €2.7m
of which Other amounts receivable: -€227,989
- Cash +€127,277
new in 2025: €127,277
mainly Receivables within one year (+€227,217) and Other debts (+€206,155)
- Other debts +€206,155
up €206,155 (+6.0%), from €3.4m to €3.7m
- Profit (loss) carried forward -€177,146
down €177,146 (-15.6%), from €1.1m to €961,420
- Accrued charges and deferred income -€107,478
down €107,478 (-28.5%), from €376,831 to €269,353
- Financial charges -€38,071
down €38,071 (-19.9%), from €191,742 to €153,671
- Gross operating margin -€31,796
down €31,796, from €11,793 to -€20,003
- Financial income -€18,585
down €18,585 (-50.8%), from €36,562 to €17,977
of which Non-recurring financial income: -€14,185
- Other operating charges +€1,003
up €1,003 (+19.5%), from €5,148 to €6,151
- Depreciation -€552
down €552 (-4.7%), from €11,648 to €11,096
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.
Derived cash bridge
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 | €5,382,615 | €5,277,526 | -€105,089 | -2.0% |
| Fixed assets | 21/28 | €2,462,420 | €2,452,308 | -€10,112 | -0.4% |
| Tangible fixed assets | 22/27 | €309,747 | €298,651 | -€11,096 | -3.6% |
| Land and buildings | 22 | €308,901 | €298,406 | -€10,495 | -3.4% |
| Furniture and vehicles | 24 | €846 | €245 | -€601 | -71.0% |
| Financial fixed assets | 28 | €2,152,673 | €2,153,657 | +€984 | 0.0% |
| Current assets | 29/58 | €2,920,195 | €2,825,218 | -€94,977 | -3.3% |
| Stocks and contracts in progress | 3 | €7,560 | €10,451 | +€2,891 | +38.2% |
| Stocks | 30/36 | €7,560 | €10,451 | +€2,891 | +38.2% |
| Amounts receivable within one year | 40/41 | €2,901,541 | €2,674,324 | -€227,217 | -7.8% |
| Trade receivables | 40 | €1,674 | €2,446 | +€772 | +46.1% |
| Other amounts receivable | 41 | €2,899,867 | €2,671,878 | -€227,989 | -7.9% |
| Current investments | 50/53 | €9,500 | €9,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €127,277 | +€127,277 | |
| Deferred charges and accrued income | 490/1 | €1,594 | €3,666 | +€2,072 | +130% |
| Total equity and liabilities | 10/49 | €5,382,615 | €5,277,526 | -€105,089 | -2.0% |
| Equity | 10/15 | €1,300,516 | €1,123,370 | -€177,146 | -13.6% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €93,750 | €93,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,750 | €93,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,138,566 | €961,420 | -€177,146 | -15.6% |
| Amounts payable | 17/49 | €4,082,099 | €4,154,156 | +€72,057 | +1.8% |
| Amounts payable after more than one year | 17 | €59,067 | €37,965 | -€21,102 | -35.7% |
| Financial debts | 170/4 | €59,067 | €37,965 | -€21,102 | -35.7% |
| Amounts payable within one year | 42/48 | €3,646,201 | €3,846,838 | +€200,637 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €20,682 | €21,102 | +€420 | +2.0% |
| Financial debts | 43 | €135,639 | €158,000 | +€22,361 | +16.5% |
| Credit institutions | 430/8 | €135,639 | €158,000 | +€22,361 | +16.5% |
| Trade debts | 44 | €16,416 | €6,489 | -€9,927 | -60.5% |
| Suppliers | 440/4 | €16,416 | €6,489 | -€9,927 | -60.5% |
| Taxes, remuneration and social security | 45 | €24,153 | €5,781 | -€18,372 | -76.1% |
| Taxes | 450/3 | €24,153 | €5,781 | -€18,372 | -76.1% |
| Other amounts payable | 47/48 | €3,449,311 | €3,655,466 | +€206,155 | +6.0% |
| Accrued charges and deferred income | 492/3 | €376,831 | €269,353 | -€107,478 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,648 | €11,096 | -€552 | -4.7% |
| Other operating charges | 640/8 | €5,148 | €6,151 | +€1,003 | +19.5% |
| Non-recurring operating charges | 66A | - | €3,820 | +€3,820 | |
| Gross operating margin | 9900 | €11,793 | -€20,003 | -€31,796 | |
| Operating profit (loss) | 9901 | -€5,003 | -€41,070 | -€36,067 | -721% |
| Financial income | 75/76B | €36,562 | €17,977 | -€18,585 | -50.8% |
| Recurring financial income | 75 | €22,377 | €17,977 | -€4,400 | -19.7% |
| Non-recurring financial income | 76B | €14,185 | - | -€14,185 | |
| Financial charges | 65/66B | €191,742 | €153,671 | -€38,071 | -19.9% |
| Recurring financial charges | 65 | €191,742 | €153,671 | -€38,071 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€160,183 | -€176,764 | -€16,581 | -10.4% |
| Income taxes | 67/77 | €370 | €382 | +€12 | +3.2% |
| Profit (loss) for the period | 9904 | -€160,553 | -€177,146 | -€16,593 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€160,553 | -€177,146 | -€16,593 | -10.3% |
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 22 October 2026 via checked.be.