HAROMA: 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.
HAROMA
Largest movements
- Current investments +€150,164
new in 2025: €150,164
- Cash -€60,803
down €60,803 (-19.6%), from €310,030 to €249,227
mainly Contributions, distributions and other (-€219,000) and Current investments (-€150,164)
- Receivables within one year +€47,962
up €47,962 (+20.9%), from €229,466 to €277,429
of which Trade receivables: +€29,045
- Tangible fixed assets -€22,223
down €22,223 (-25.8%), from €86,170 to €63,947
of which Furniture and vehicles: -€22,321
- Reserves -€219,000
down €219,000 (-50.0%), from €438,050 to €219,050
of which Distributable reserves: -€219,000
- Other debts +€155,690
up €155,690 (+245.9%), from €63,310 to €219,000
- Profit (loss) carried forward +€138,730
up €138,730 (+259.0%), from €53,558 to €192,289
- Trade debts +€41,799
up €41,799 (+656.2%), from €6,370 to €48,169
- Gross operating margin +€31,342
up €31,342 (+13.2%), from €237,466 to €268,808
- Write-downs +€8,243
no longer reported in 2025 (was -€8,243)
- Taxes -€7,946
down €7,946 (-13.8%), from €57,620 to €49,674
- Staff costs +€3,342
up €3,342 (+6.4%), from €52,419 to €55,762
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 | €626,137 | €740,967 | +€114,830 | +18.3% |
| Fixed assets | 21/28 | €86,370 | €64,147 | -€22,223 | -25.7% |
| Tangible fixed assets | 22/27 | €86,170 | €63,947 | -€22,223 | -25.8% |
| Land and buildings | 22 | €14,761 | €12,313 | -€2,449 | -16.6% |
| Plant, machinery and equipment | 23 | €32,306 | €34,852 | +€2,546 | +7.9% |
| Furniture and vehicles | 24 | €39,103 | €16,782 | -€22,321 | -57.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €539,767 | €676,820 | +€137,053 | +25.4% |
| Amounts receivable within one year | 40/41 | €229,466 | €277,429 | +€47,962 | +20.9% |
| Trade receivables | 40 | €228,692 | €257,737 | +€29,045 | +12.7% |
| Other amounts receivable | 41 | €774 | €19,692 | +€18,917 | +2442.6% |
| Current investments | 50/53 | - | €150,164 | +€150,164 | |
| Cash at bank and in hand | 54/58 | €310,030 | €249,227 | -€60,803 | -19.6% |
| Deferred charges and accrued income | 490/1 | €271 | - | -€271 | |
| Total equity and liabilities | 10/49 | €626,137 | €740,967 | +€114,830 | +18.3% |
| Equity | 10/15 | €536,608 | €456,339 | -€80,270 | -15.0% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Capital | 10 | €45,000 | €45,000 | = | 0.0% |
| Issued capital | 100 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €438,050 | €219,050 | -€219,000 | -50.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Legal reserve | 130 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €433,550 | €214,550 | -€219,000 | -50.5% |
| Profit (loss) carried forward | 14 | €53,558 | €192,289 | +€138,730 | +259.0% |
| Amounts payable | 17/49 | €89,529 | €284,628 | +€195,099 | +217.9% |
| Amounts payable within one year | 42/48 | €89,195 | €284,172 | +€194,978 | +218.6% |
| Trade debts | 44 | €6,370 | €48,169 | +€41,799 | +656.2% |
| Suppliers | 440/4 | €6,370 | €48,169 | +€41,799 | +656.2% |
| Taxes, remuneration and social security | 45 | €19,515 | €17,004 | -€2,511 | -12.9% |
| Taxes | 450/3 | €8,731 | €10,164 | +€1,433 | +16.4% |
| Remuneration and social security | 454/9 | €10,784 | €6,840 | -€3,944 | -36.6% |
| Other amounts payable | 47/48 | €63,310 | €219,000 | +€155,690 | +245.9% |
| Accrued charges and deferred income | 492/3 | €334 | €456 | +€122 | +36.5% |
| Non-recurring operating income | 76A | €8,352 | €8,901 | +€549 | +6.6% |
| Remuneration, social security and pensions | 62 | €52,419 | €55,762 | +€3,342 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,722 | €31,095 | -€627 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,243 | - | +€8,243 | |
| Other operating charges | 640/8 | €2,720 | €3,034 | +€314 | +11.5% |
| Non-recurring operating charges | 66A | €8,243 | - | -€8,243 | |
| Gross operating margin | 9900 | €237,466 | €268,808 | +€31,342 | +13.2% |
| Operating profit (loss) | 9901 | €150,604 | €178,917 | +€28,313 | +18.8% |
| Financial income | 75/76B | €10,716 | €11,752 | +€1,036 | +9.7% |
| Recurring financial income | 75 | €10,716 | €11,752 | +€1,036 | +9.7% |
| Financial charges | 65/66B | €1,892 | €2,264 | +€372 | +19.6% |
| Recurring financial charges | 65 | €1,892 | €2,264 | +€372 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €159,427 | €188,405 | +€28,977 | +18.2% |
| Income taxes | 67/77 | €57,620 | €49,674 | -€7,946 | -13.8% |
| Profit (loss) for the period | 9904 | €101,807 | €138,730 | +€36,923 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,807 | €138,730 | +€36,923 | +36.3% |
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 5 October 2026 via checked.be.