HARNAV: 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.
HARNAV
Largest movements
- Cash +€14,067
up €14,067 (+193.3%), from €7,276 to €21,344
mainly Net result for the year (+€16,501) and Stocks and contracts (+€5,273)
- Tangible fixed assets +€5,509
up €5,509 (+89.4%), from €6,165 to €11,675
of which Furniture and vehicles: +€6,809
- Stocks and contracts -€5,273
down €5,273 (-17.7%), from €29,768 to €24,495
- Financial fixed assets +€2,800
new in 2025: €2,800
- Receivables within one year +€1,954
new in 2025: €1,954
- Profit (loss) carried forward +€16,501
up €16,501 (+220.0%), from €7,502 to €24,003
- Tax, wage and social debts +€2,709
up €2,709 (+25.5%), from €10,637 to €13,346
of which Taxes: +€4,447
- Trade debts -€1,947
down €1,947 (-8.3%), from €23,585 to €21,638
- Other debts +€1,616
new in 2025: €1,616
- Turnover +€829,331
up €829,331 (+193.9%), from €427,602 to €1.3m
- Purchases and services +€787,019
up €787,019 (+185.9%), from €423,404 to €1.2m
- Gross operating margin +€45,738
up €45,738 (+640.8%), from €7,137 to €52,875
- Staff costs +€16,949
up €16,949 (+666.0%), from €2,545 to €19,494
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 | €44,724 | €63,603 | +€18,879 | +42.2% |
| Fixed assets | 21/28 | €6,165 | €14,475 | +€8,309 | +134.8% |
| Tangible fixed assets | 22/27 | €6,165 | €11,675 | +€5,509 | +89.4% |
| Plant, machinery and equipment | 23 | €6,165 | €4,865 | -€1,300 | -21.1% |
| Furniture and vehicles | 24 | - | €6,809 | +€6,809 | |
| Financial fixed assets | 28 | - | €2,800 | +€2,800 | |
| Current assets | 29/58 | €38,559 | €49,129 | +€10,570 | +27.4% |
| Stocks and contracts in progress | 3 | €29,768 | €24,495 | -€5,273 | -17.7% |
| Stocks | 30/36 | €29,768 | €24,495 | -€5,273 | -17.7% |
| Amounts receivable within one year | 40/41 | - | €1,954 | +€1,954 | |
| Trade receivables | 40 | - | €1,954 | +€1,954 | |
| Cash at bank and in hand | 54/58 | €7,276 | €21,344 | +€14,067 | +193.3% |
| Deferred charges and accrued income | 490/1 | €1,514 | €1,336 | -€178 | -11.7% |
| Total equity and liabilities | 10/49 | €44,724 | €63,603 | +€18,879 | +42.2% |
| Equity | 10/15 | €10,502 | €27,003 | +€16,501 | +157.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,502 | €24,003 | +€16,501 | +220.0% |
| Amounts payable | 17/49 | €34,222 | €36,600 | +€2,378 | +6.9% |
| Amounts payable within one year | 42/48 | €34,222 | €36,600 | +€2,378 | +6.9% |
| Trade debts | 44 | €23,585 | €21,638 | -€1,947 | -8.3% |
| Suppliers | 440/4 | €23,585 | €21,638 | -€1,947 | -8.3% |
| Taxes, remuneration and social security | 45 | €10,637 | €13,346 | +€2,709 | +25.5% |
| Taxes | 450/3 | €2,518 | €6,966 | +€4,447 | +176.6% |
| Remuneration and social security | 454/9 | €8,119 | €6,380 | -€1,738 | -21.4% |
| Other amounts payable | 47/48 | - | €1,616 | +€1,616 | |
| Turnover | 70 | €427,602 | €1,256,934 | +€829,331 | +193.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €423,404 | €1,210,423 | +€787,019 | +185.9% |
| Remuneration, social security and pensions | 62 | €2,545 | €19,494 | +€16,949 | +666.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335 | €2,991 | +€2,656 | +793.3% |
| Other operating charges | 640/8 | €4,353 | €5,194 | +€841 | +19.3% |
| Gross operating margin | 9900 | €7,137 | €52,875 | +€45,738 | +640.8% |
| Operating profit (loss) | 9901 | -€95 | €25,196 | +€25,291 | |
| Financial income | 75/76B | - | €1,000 | +€1,000 | |
| Recurring financial income | 75 | - | €1,000 | +€1,000 | |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €665 | €4,816 | +€4,151 | +624.0% |
| Recurring financial charges | 65 | €665 | €4,816 | +€4,151 | +624.0% |
| Profit (loss) for the period before taxes | 9903 | -€761 | €21,380 | +€22,140 | |
| Income taxes | 67/77 | €723 | €4,879 | +€4,156 | +574.8% |
| Profit (loss) for the period | 9904 | -€1,484 | €16,501 | +€17,985 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,484 | €16,501 | +€17,985 |
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 3 October 2026 via checked.be.