HARMONY: 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.
HARMONY
Largest movements
- Tangible fixed assets -€19,107
down €19,107 (-5.8%), from €330,386 to €311,279
- Cash -€7,460
down €7,460 (-46.2%), from €16,138 to €8,678
mainly Net result for the year (-€16,441) and Other debts (-€11,534)
- Profit (loss) carried forward -€16,441
down €16,441 (-16.4%), from -€100,378 to -€116,819
- Other debts -€11,534
down €11,534 (-8.4%), from €137,035 to €125,501
- Gross operating margin -€4,297
down €4,297 (-41.5%), from €10,353 to €6,056
- Depreciation +€122
up €122 (+0.6%), from €18,985 to €19,107
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 | €346,524 | €319,957 | -€26,567 | -7.7% |
| Fixed assets | 21/28 | €330,386 | €311,279 | -€19,107 | -5.8% |
| Tangible fixed assets | 22/27 | €330,386 | €311,279 | -€19,107 | -5.8% |
| Land and buildings | 22 | €330,386 | €311,279 | -€19,107 | -5.8% |
| Current assets | 29/58 | €16,138 | €8,678 | -€7,460 | -46.2% |
| Cash at bank and in hand | 54/58 | €16,138 | €8,678 | -€7,460 | -46.2% |
| Total equity and liabilities | 10/49 | €346,524 | €319,957 | -€26,567 | -7.7% |
| Equity | 10/15 | €209,489 | €193,048 | -€16,441 | -7.8% |
| Contributions | 10/11 | €309,867 | €309,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,378 | -€116,819 | -€16,441 | -16.4% |
| Amounts payable | 17/49 | €137,035 | €126,909 | -€10,125 | -7.4% |
| Amounts payable within one year | 42/48 | €137,035 | €126,909 | -€10,125 | -7.4% |
| Trade debts | 44 | - | €1,409 | +€1,409 | |
| Suppliers | 440/4 | - | €1,409 | +€1,409 | |
| Other amounts payable | 47/48 | €137,035 | €125,501 | -€11,534 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,985 | €19,107 | +€122 | +0.6% |
| Other operating charges | 640/8 | €3,218 | €3,316 | +€98 | +3.1% |
| Gross operating margin | 9900 | €10,353 | €6,056 | -€4,297 | -41.5% |
| Operating profit (loss) | 9901 | -€11,849 | -€16,366 | -€4,517 | -38.1% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,923 | -€16,441 | -€4,519 | -37.9% |
| Profit (loss) for the period | 9904 | -€11,923 | -€16,441 | -€4,519 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,923 | -€16,441 | -€4,519 | -37.9% |
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 9 October 2026 via checked.be.