HARMONY: 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.
HARMONY
Largest movements
- Current investments +€868,373
new in 2024: €868,373
- Cash +€591,412
up €591,412 (+40.4%), from €1.5m to €2.1m
mainly Other debts (+€1.5m) and Depreciation (+€63,834)
- Other debts +€1.5m
up €1.5m (+15.5%), from €9.7m to €11.2m
- Depreciation -€271,840
down €271,840 (-81.0%), from €335,675 to €63,834
- Financial income -€207,274
down €207,274 (-98.7%), from €210,107 to €2,833
- Gross operating margin -€32,209
down €32,209, from €29,254 to -€2,955
- Other operating charges +€1,955
up €1,955 (+34.2%), from €5,717 to €7,672
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,380,105 | €11,804,362 | +€1.4m | +13.7% |
| Fixed assets | 21/28 | €8,899,522 | €8,873,372 | -€26,150 | -0.3% |
| Tangible fixed assets | 22/27 | €7,893,696 | €7,867,546 | -€26,150 | -0.3% |
| Land and buildings | 22 | €7,893,696 | €7,867,546 | -€26,150 | -0.3% |
| Financial fixed assets | 28 | €1,005,827 | €1,005,827 | = | 0.0% |
| Current assets | 29/58 | €1,480,583 | €2,930,989 | +€1.5m | +98.0% |
| Amounts receivable within one year | 40/41 | €15,581 | €6,203 | -€9,379 | -60.2% |
| Other amounts receivable | 41 | €15,581 | €6,203 | -€9,379 | -60.2% |
| Current investments | 50/53 | - | €868,373 | +€868,373 | |
| Cash at bank and in hand | 54/58 | €1,465,002 | €2,056,414 | +€591,412 | +40.4% |
| Total equity and liabilities | 10/49 | €10,380,105 | €11,804,362 | +€1.4m | +13.7% |
| Equity | 10/15 | €470,944 | €407,371 | -€63,573 | -13.5% |
| Contributions | 10/11 | €590,000 | €590,000 | = | 0.0% |
| Capital | 10 | €590,000 | €590,000 | = | 0.0% |
| Issued capital | 100 | €590,000 | €590,000 | = | 0.0% |
| Reserves | 13 | €485,866 | €467,928 | -€17,938 | -3.7% |
| Non-distributable reserves | 130/1 | €13,491 | €13,491 | = | 0.0% |
| Legal reserve | 130 | €13,491 | €13,491 | = | 0.0% |
| Tax-exempt reserves | 132 | €472,375 | €454,437 | -€17,938 | -3.8% |
| Profit (loss) carried forward | 14 | -€604,922 | -€650,557 | -€45,635 | -7.5% |
| Provisions and deferred taxes | 16 | €243,345 | €234,104 | -€9,241 | -3.8% |
| Deferred taxes | 168 | €243,345 | €234,104 | -€9,241 | -3.8% |
| Amounts payable | 17/49 | €9,665,816 | €11,162,887 | +€1.5m | +15.5% |
| Amounts payable within one year | 42/48 | €9,665,816 | €11,162,887 | +€1.5m | +15.5% |
| Other amounts payable | 47/48 | €9,665,816 | €11,162,887 | +€1.5m | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335,675 | €63,834 | -€271,840 | -81.0% |
| Other operating charges | 640/8 | €5,717 | €7,672 | +€1,955 | +34.2% |
| Gross operating margin | 9900 | €29,254 | -€2,955 | -€32,209 | |
| Operating profit (loss) | 9901 | -€312,137 | -€74,461 | +€237,677 | +76.1% |
| Financial income | 75/76B | €210,107 | €2,833 | -€207,274 | -98.7% |
| Recurring financial income | 75 | €210,107 | €2,833 | -€207,274 | -98.7% |
| Financial charges | 65/66B | €919 | €1,187 | +€268 | +29.1% |
| Recurring financial charges | 65 | €919 | €1,187 | +€268 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | -€102,950 | -€72,814 | +€30,135 | +29.3% |
| Transfer from deferred taxes | 780 | €9,241 | €9,241 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€93,709 | -€63,573 | +€30,135 | +32.2% |
| Transfer from tax-exempt reserves | 789 | €17,938 | €17,938 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,770 | -€45,635 | +€30,135 | +39.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.