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
- Tangible fixed assets +€33,960
up €33,960 (+22.8%), from €149,123 to €183,083
of which Other tangible fixed assets: +€36,540
- Cash +€18,977
up €18,977 (+142900.5%), from €13 to €18,990
mainly Trade debts (+€65,325) and Depreciation (+€47,224)
- Receivables within one year -€2,937
down €2,937 (-97.8%), from €3,004 to €67
of which Trade receivables: -€1,803
- Trade debts +€65,325
up €65,325 (+1564.5%), from €4,175 to €69,500
- Debts after one year -€10,013
down €10,013 (-5.8%), from €173,363 to €163,350
- Profit (loss) carried forward -€8,315
down €8,315 (-4.6%), from -€179,489 to -€187,804
- Other debts +€8,016
up €8,016 (+6.6%), from €120,937 to €128,953
- Advances received -€5,966
down €5,966 (-41.1%), from €14,506 to €8,540
- Gross operating margin +€20,388
up €20,388 (+40.5%), from €50,396 to €70,784
- Staff costs +€17,037
up €17,037 (+136.2%), from €12,512 to €29,549
- Depreciation +€6,808
up €6,808 (+16.8%), from €40,415 to €47,224
- Other operating charges -€931
down €931 (-62.5%), from €1,490 to €559
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 | €153,815 | €204,921 | +€51,106 | +33.2% |
| Fixed assets | 21/28 | €150,798 | €184,758 | +€33,960 | +22.5% |
| Tangible fixed assets | 22/27 | €149,123 | €183,083 | +€33,960 | +22.8% |
| Plant, machinery and equipment | 23 | €8,699 | €11,255 | +€2,556 | +29.4% |
| Furniture and vehicles | 24 | €5,137 | - | -€5,137 | |
| Other tangible fixed assets | 26 | €135,288 | €171,828 | +€36,540 | +27.0% |
| Financial fixed assets | 28 | €1,675 | €1,675 | = | 0.0% |
| Current assets | 29/58 | €3,017 | €20,163 | +€17,146 | +568.3% |
| Amounts receivable within one year | 40/41 | €3,004 | €67 | -€2,937 | -97.8% |
| Trade receivables | 40 | €1,803 | €0 | -€1,803 | -100.0% |
| Other amounts receivable | 41 | €1,201 | €67 | -€1,134 | -94.4% |
| Cash at bank and in hand | 54/58 | €13 | €18,990 | +€18,977 | +142900.5% |
| Deferred charges and accrued income | 490/1 | - | €1,106 | +€1,106 | |
| Total equity and liabilities | 10/49 | €153,815 | €204,921 | +€51,106 | +33.2% |
| Equity | 10/15 | -€160,939 | -€169,254 | -€8,315 | -5.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Profit (loss) carried forward | 14 | -€179,489 | -€187,804 | -€8,315 | -4.6% |
| Amounts payable | 17/49 | €314,754 | €374,175 | +€59,421 | +18.9% |
| Amounts payable after more than one year | 17 | €173,363 | €163,350 | -€10,013 | -5.8% |
| Financial debts | 170/4 | €173,363 | €163,350 | -€10,013 | -5.8% |
| Amounts payable within one year | 42/48 | €141,391 | €210,825 | +€69,434 | +49.1% |
| Trade debts | 44 | €4,175 | €69,500 | +€65,325 | +1564.5% |
| Suppliers | 440/4 | €4,175 | €69,500 | +€65,325 | +1564.5% |
| Advances received on contracts in progress | 46 | €14,506 | €8,540 | -€5,966 | -41.1% |
| Taxes, remuneration and social security | 45 | €1,773 | €3,833 | +€2,059 | +116.1% |
| Taxes | 450/3 | - | €1,595 | +€1,595 | |
| Remuneration and social security | 454/9 | €1,773 | €2,237 | +€464 | +26.2% |
| Other amounts payable | 47/48 | €120,937 | €128,953 | +€8,016 | +6.6% |
| Remuneration, social security and pensions | 62 | €12,512 | €29,549 | +€17,037 | +136.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,415 | €47,224 | +€6,808 | +16.8% |
| Other operating charges | 640/8 | €1,490 | €559 | -€931 | -62.5% |
| Gross operating margin | 9900 | €50,396 | €70,784 | +€20,388 | +40.5% |
| Operating profit (loss) | 9901 | -€4,022 | -€6,548 | -€2,526 | -62.8% |
| Financial charges | 65/66B | €919 | €1,450 | +€531 | +57.8% |
| Recurring financial charges | 65 | €919 | €1,450 | +€531 | +57.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,941 | -€7,998 | -€3,057 | -61.9% |
| Income taxes | 67/77 | - | €317 | +€317 | |
| Profit (loss) for the period | 9904 | -€4,941 | -€8,315 | -€3,374 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,941 | -€8,315 | -€3,374 | -68.3% |
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.