Harmony Real Estate: 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 Real Estate
Largest movements
- Tangible fixed assets -€17,853
down €17,853 (-4.0%), from €445,117 to €427,264
of which Land and buildings: -€13,774
- Cash +€11,335
up €11,335 (+1,940%), from €584 to €11,919
mainly Other debts (+€19,500) and Depreciation (+€17,853)
- Debts after one year -€35,511
down €35,511 (-12.5%), from €284,964 to €249,453
- Other debts +€19,500
up €19,500 (+27.7%), from €70,500 to €90,000
- Profit (loss) carried forward +€6,606
up €6,606 (+16.6%), from -€39,801 to -€33,195
- Gross operating margin +€3,150
up €3,150 (+10.4%), from €30,425 to €33,575
- Financial charges -€750
down €750 (-12.2%), from €6,146 to €5,396
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
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 | €459,470 | €449,529 | -€9,941 | -2.2% |
| Fixed assets | 21/28 | €445,481 | €427,628 | -€17,853 | -4.0% |
| Tangible fixed assets | 22/27 | €445,117 | €427,264 | -€17,853 | -4.0% |
| Land and buildings | 22 | €429,664 | €415,890 | -€13,774 | -3.2% |
| Furniture and vehicles | 24 | €15,453 | €11,375 | -€4,078 | -26.4% |
| Financial fixed assets | 28 | €364 | €364 | = | 0.0% |
| Current assets | 29/58 | €13,989 | €21,900 | +€7,911 | +56.6% |
| Amounts receivable within one year | 40/41 | €13,405 | €9,981 | -€3,423 | -25.5% |
| Trade receivables | 40 | €13,395 | €9,981 | -€3,414 | -25.5% |
| Other amounts receivable | 41 | €10 | €0 | -€10 | -100% |
| Cash at bank and in hand | 54/58 | €584 | €11,919 | +€11,335 | +1,940% |
| Total equity and liabilities | 10/49 | €459,470 | €449,529 | -€9,941 | -2.2% |
| Equity | 10/15 | €62,199 | €68,805 | +€6,606 | +10.6% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,801 | -€33,195 | +€6,606 | +16.6% |
| Amounts payable | 17/49 | €397,271 | €380,723 | -€16,547 | -4.2% |
| Amounts payable after more than one year | 17 | €284,964 | €249,453 | -€35,511 | -12.5% |
| Financial debts | 170/4 | €284,964 | €249,453 | -€35,511 | -12.5% |
| Amounts payable within one year | 42/48 | €112,306 | €130,854 | +€18,547 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €36,218 | €38,444 | +€2,226 | +6.1% |
| Trade debts | 44 | €1,509 | €196 | -€1,313 | -87.0% |
| Suppliers | 440/4 | €1,509 | €196 | -€1,313 | -87.0% |
| Taxes, remuneration and social security | 45 | €4,080 | €2,214 | -€1,866 | -45.7% |
| Taxes | 450/3 | €4,080 | €2,214 | -€1,866 | -45.7% |
| Other amounts payable | 47/48 | €70,500 | €90,000 | +€19,500 | +27.7% |
| Accrued charges and deferred income | 492/3 | - | €416 | +€416 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,164 | €17,853 | -€312 | -1.7% |
| Other operating charges | 640/8 | €3,620 | €3,720 | +€101 | +2.8% |
| Gross operating margin | 9900 | €30,425 | €33,575 | +€3,150 | +10.4% |
| Operating profit (loss) | 9901 | €8,641 | €12,002 | +€3,361 | +38.9% |
| Financial charges | 65/66B | €6,146 | €5,396 | -€750 | -12.2% |
| Recurring financial charges | 65 | €6,146 | €5,396 | -€750 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €2,495 | €6,606 | +€4,111 | +165% |
| Profit (loss) for the period | 9904 | €2,495 | €6,606 | +€4,111 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €2,495 | €6,606 | +€4,111 | +165% |
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 27 October 2026 via checked.be.