HARMONY FINANCE: 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 FINANCE
Largest movements
- Receivables within one year +€855,264
up €855,264 (+60,555%), from €1,412 to €856,677
of which Other amounts receivable: +€856,474
- Financial fixed assets -€560,517
down €560,517 (-100.0%), from €560,567 to €50
- Current investments +€80,339
up €80,339 (+382%), from €21,025 to €101,363
- Reserves +€377,926
up €377,926 (+108%), from €348,401 to €726,327
- Other debts -€34,513
down €34,513 (-16.1%), from €214,570 to €180,057
- Tax, wage and social debts +€33,202
up €33,202 (+524%), from €6,335 to €39,536
- Debts after one year -€11,995
down €11,995 (-30.1%), from €39,866 to €27,871
- Financial income +€406,089
up €406,089 (+344,114%), from €118 to €406,207
- Gross operating margin -€29,534
down €29,534 (-46.8%), from €63,078 to €33,545
- Taxes +€28,988
up €28,988 (+230%), from €12,580 to €41,568
- Financial charges -€6,684
down €6,684 (-55.4%), from €12,070 to €5,386
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,300 | €1,001,437 | +€365,137 | +57.4% |
| Fixed assets | 21/28 | €613,363 | €43,397 | -€569,966 | -92.9% |
| Intangible fixed assets | 21 | €10,496 | €10,496 | = | 0.0% |
| Tangible fixed assets | 22/27 | €42,300 | €32,851 | -€9,449 | -22.3% |
| Land and buildings | 22 | €2,078 | €1,996 | -€82 | -3.9% |
| Furniture and vehicles | 24 | €38,141 | €29,230 | -€8,910 | -23.4% |
| Other tangible fixed assets | 26 | €2,081 | €1,625 | -€457 | -22.0% |
| Financial fixed assets | 28 | €560,567 | €50 | -€560,517 | -100.0% |
| Current assets | 29/58 | €22,937 | €958,040 | +€935,103 | +4,077% |
| Amounts receivable within one year | 40/41 | €1,412 | €856,677 | +€855,264 | +60,555% |
| Trade receivables | 40 | €1,210 | - | -€1,210 | |
| Other amounts receivable | 41 | €202 | €856,677 | +€856,474 | +423,201% |
| Current investments | 50/53 | €21,025 | €101,363 | +€80,339 | +382% |
| Deferred charges and accrued income | 490/1 | €500 | - | -€500 | |
| Total equity and liabilities | 10/49 | €636,300 | €1,001,437 | +€365,137 | +57.4% |
| Equity | 10/15 | €354,601 | €732,527 | +€377,926 | +107% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €348,401 | €726,327 | +€377,926 | +108% |
| Distributable reserves | 133 | €348,401 | €726,327 | +€377,926 | +108% |
| Amounts payable | 17/49 | €281,699 | €268,910 | -€12,789 | -4.5% |
| Amounts payable after more than one year | 17 | €39,866 | €27,871 | -€11,995 | -30.1% |
| Financial debts | 170/4 | €39,866 | €27,871 | -€11,995 | -30.1% |
| Amounts payable within one year | 42/48 | €241,833 | €240,839 | -€994 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €17,752 | €18,263 | +€511 | +2.9% |
| Trade debts | 44 | €3,176 | €2,983 | -€193 | -6.1% |
| Suppliers | 440/4 | €3,176 | €2,983 | -€193 | -6.1% |
| Taxes, remuneration and social security | 45 | €6,335 | €39,536 | +€33,202 | +524% |
| Taxes | 450/3 | €6,335 | €39,536 | +€33,202 | +524% |
| Other amounts payable | 47/48 | €214,570 | €180,057 | -€34,513 | -16.1% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,733 | €14,019 | +€286 | +2.1% |
| Other operating charges | 640/8 | €821 | €854 | +€32 | +3.9% |
| Gross operating margin | 9900 | €63,078 | €33,545 | -€29,534 | -46.8% |
| Operating profit (loss) | 9901 | €48,524 | €18,673 | -€29,852 | -61.5% |
| Financial income | 75/76B | €118 | €406,207 | +€406,089 | +344,114% |
| Recurring financial income | 75 | €118 | €406,207 | +€406,089 | +344,114% |
| Financial charges | 65/66B | €12,070 | €5,386 | -€6,684 | -55.4% |
| Recurring financial charges | 65 | €12,070 | €5,386 | -€6,684 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €36,572 | €419,494 | +€382,922 | +1,047% |
| Income taxes | 67/77 | €12,580 | €41,568 | +€28,988 | +230% |
| Profit (loss) for the period | 9904 | €23,992 | €377,926 | +€353,934 | +1,475% |
| Profit (loss) for the period to be appropriated | 9905 | €23,992 | €377,926 | +€353,934 | +1,475% |
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 24 October 2026 via checked.be.