HARMONY CONSULT: 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 CONSULT
Largest movements
- Receivables within one year -€476,892
down €476,892 (-32.8%), from €1.5m to €975,869
of which Trade receivables: -€402,671
- Cash +€248,598
up €248,598 (+286.2%), from €86,877 to €335,475
mainly Receivables within one year (+€476,892) and Net result for the year (+€248,230)
- Short-term financial debts -€136,033
down €136,033 (-35.2%), from €386,033 to €250,000
- Current portion of long-term debt +€109,745
up €109,745 (+88.8%), from €123,640 to €233,385
- Reserves -€101,770
down €101,770 (-30.6%), from €332,935 to €231,165
- Trade debts -€96,141
down €96,141 (-22.5%), from €427,806 to €331,665
- Gross operating margin +€116,128
up €116,128 (+4.3%), from €2.7m to €2.8m
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 | €1,577,800 | €1,346,625 | -€231,175 | -14.7% |
| Fixed assets | 21/28 | €33,954 | €27,201 | -€6,753 | -19.9% |
| Tangible fixed assets | 22/27 | €25,459 | €18,681 | -€6,778 | -26.6% |
| Plant, machinery and equipment | 23 | €21,907 | €16,383 | -€5,524 | -25.2% |
| Furniture and vehicles | 24 | €3,551 | €2,298 | -€1,253 | -35.3% |
| Financial fixed assets | 28 | €8,495 | €8,520 | +€25 | +0.3% |
| Current assets | 29/58 | €1,543,847 | €1,319,424 | -€224,423 | -14.5% |
| Amounts receivable within one year | 40/41 | €1,452,761 | €975,869 | -€476,892 | -32.8% |
| Trade receivables | 40 | €1,161,347 | €758,676 | -€402,671 | -34.7% |
| Other amounts receivable | 41 | €291,414 | €217,193 | -€74,221 | -25.5% |
| Cash at bank and in hand | 54/58 | €86,877 | €335,475 | +€248,598 | +286.2% |
| Deferred charges and accrued income | 490/1 | €4,209 | €8,081 | +€3,872 | +92.0% |
| Total equity and liabilities | 10/49 | €1,577,800 | €1,346,625 | -€231,175 | -14.7% |
| Equity | 10/15 | €339,135 | €237,365 | -€101,770 | -30.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €332,935 | €231,165 | -€101,770 | -30.6% |
| Distributable reserves | 133 | €332,935 | €231,165 | -€101,770 | -30.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,238,665 | €1,109,259 | -€129,406 | -10.4% |
| Amounts payable within one year | 42/48 | €1,237,711 | €1,102,403 | -€135,308 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €123,640 | €233,385 | +€109,745 | +88.8% |
| Financial debts | 43 | €386,033 | €250,000 | -€136,033 | -35.2% |
| Credit institutions | 430/8 | €386,033 | €250,000 | -€136,033 | -35.2% |
| Trade debts | 44 | €427,806 | €331,665 | -€96,141 | -22.5% |
| Suppliers | 440/4 | €427,806 | €331,665 | -€96,141 | -22.5% |
| Advances received on contracts in progress | 46 | €13,260 | €13,260 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €286,784 | €273,139 | -€13,645 | -4.8% |
| Taxes | 450/3 | €63,878 | €38,796 | -€25,082 | -39.3% |
| Remuneration and social security | 454/9 | €222,906 | €234,344 | +€11,438 | +5.1% |
| Other amounts payable | 47/48 | €188 | €954 | +€766 | +408.7% |
| Accrued charges and deferred income | 492/3 | €954 | €6,856 | +€5,902 | +618.8% |
| Non-recurring operating income | 76A | €11,977 | €0 | -€11,977 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,393,813 | €2,412,781 | +€18,968 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,052 | €9,346 | -€706 | -7.0% |
| Other operating charges | 640/8 | €1,396 | €899 | -€497 | -35.6% |
| Gross operating margin | 9900 | €2,728,439 | €2,844,567 | +€116,128 | +4.3% |
| Operating profit (loss) | 9901 | €323,178 | €421,542 | +€98,364 | +30.4% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €72,448 | €69,343 | -€3,104 | -4.3% |
| Recurring financial charges | 65 | €72,448 | €69,343 | -€3,104 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €250,741 | €352,199 | +€101,459 | +40.5% |
| Income taxes | 67/77 | €81,853 | €103,969 | +€22,116 | +27.0% |
| Profit (loss) for the period | 9904 | €168,888 | €248,230 | +€79,343 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €168,888 | €248,230 | +€79,343 | +47.0% |
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.