Harmony Concept: 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 Concept
Largest movements
- Tangible fixed assets -€21,831
down €21,831 (-28.2%), from €77,478 to €55,646
of which Land and buildings: -€11,065
- Cash +€4,359
up €4,359 (+32.2%), from €13,517 to €17,876
mainly Depreciation (+€23,371) and Net result for the year (+€15,182)
- Stocks and contracts -€4,034
down €4,034 (-12.4%), from €32,663 to €28,629
- Other debts -€27,997
down €27,997 (-58.7%), from €47,694 to €19,696
- Reserves +€15,182
up €15,182 (+1320.8%), from €1,149 to €16,332
- Debts after one year -€8,498
down €8,498 (-28.9%), from €29,454 to €20,956
- Tax, wage and social debts +€5,714
up €5,714 (+67.4%), from €8,473 to €14,187
of which Taxes: +€8,930
- Trade debts -€4,138
down €4,138 (-23.1%), from €17,889 to €13,751
- Gross operating margin +€26,571
up €26,571 (+59.1%), from €44,950 to €71,521
- Staff costs +€9,620
up €9,620 (+68.2%), from €14,113 to €23,733
- Taxes +€5,445
up €5,445 (+321.9%), from €1,691 to €7,137
- Depreciation -€1,654
down €1,654 (-6.6%), from €25,025 to €23,371
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 | €124,966 | €104,420 | -€20,546 | -16.4% |
| Fixed assets | 21/28 | €77,478 | €55,646 | -€21,831 | -28.2% |
| Tangible fixed assets | 22/27 | €77,478 | €55,646 | -€21,831 | -28.2% |
| Land and buildings | 22 | €40,468 | €29,403 | -€11,065 | -27.3% |
| Plant, machinery and equipment | 23 | €37,010 | €26,243 | -€10,767 | -29.1% |
| Current assets | 29/58 | €47,489 | €48,774 | +€1,285 | +2.7% |
| Stocks and contracts in progress | 3 | €32,663 | €28,629 | -€4,034 | -12.4% |
| Stocks | 30/36 | €32,663 | €28,629 | -€4,034 | -12.4% |
| Amounts receivable within one year | 40/41 | €30 | €1,240 | +€1,210 | +4033.3% |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | €30 | €30 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,517 | €17,876 | +€4,359 | +32.2% |
| Deferred charges and accrued income | 490/1 | €1,279 | €1,029 | -€250 | -19.5% |
| Total equity and liabilities | 10/49 | €124,966 | €104,420 | -€20,546 | -16.4% |
| Equity | 10/15 | €7,149 | €22,332 | +€15,182 | +212.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Outside capital | 11 | €6,000 | €6,000 | = | 0.0% |
| Share premium | 1100/10 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €1,149 | €16,332 | +€15,182 | +1320.8% |
| Distributable reserves | 133 | €1,149 | €16,332 | +€15,182 | +1320.8% |
| Amounts payable | 17/49 | €117,817 | €82,088 | -€35,729 | -30.3% |
| Amounts payable after more than one year | 17 | €29,454 | €20,956 | -€8,498 | -28.9% |
| Financial debts | 170/4 | €29,454 | €20,956 | -€8,498 | -28.9% |
| Amounts payable within one year | 42/48 | €88,363 | €61,133 | -€27,231 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €9,307 | €8,498 | -€810 | -8.7% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €17,889 | €13,751 | -€4,138 | -23.1% |
| Suppliers | 440/4 | €17,889 | €13,751 | -€4,138 | -23.1% |
| Taxes, remuneration and social security | 45 | €8,473 | €14,187 | +€5,714 | +67.4% |
| Taxes | 450/3 | €5,258 | €14,187 | +€8,930 | +169.8% |
| Remuneration and social security | 454/9 | €3,216 | - | -€3,216 | |
| Other amounts payable | 47/48 | €47,694 | €19,696 | -€27,997 | -58.7% |
| Remuneration, social security and pensions | 62 | €14,113 | €23,733 | +€9,620 | +68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,025 | €23,371 | -€1,654 | -6.6% |
| Other operating charges | 640/8 | €732 | €735 | +€3 | +0.4% |
| Non-recurring operating charges | 66A | €1,249 | - | -€1,249 | |
| Gross operating margin | 9900 | €44,950 | €71,521 | +€26,571 | +59.1% |
| Operating profit (loss) | 9901 | €3,830 | €23,682 | +€19,851 | +518.3% |
| Financial income | 75/76B | €19 | €0 | -€19 | -98.6% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -98.6% |
| Financial charges | 65/66B | €1,504 | €1,363 | -€141 | -9.4% |
| Recurring financial charges | 65 | €1,504 | €1,363 | -€141 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €2,345 | €22,319 | +€19,974 | +851.7% |
| Income taxes | 67/77 | €1,691 | €7,137 | +€5,445 | +321.9% |
| Profit (loss) for the period | 9904 | €654 | €15,182 | +€14,528 | +2221.9% |
| Profit (loss) for the period to be appropriated | 9905 | €654 | €15,182 | +€14,528 | +2221.9% |
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 6 October 2026 via checked.be.