Harotech: 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.
Harotech
Largest movements
- Cash +€9,706
up €9,706 (+25.0%), from €38,772 to €48,479
mainly Depreciation (+€13,612) and Net result for the year (+€12,294)
- Tangible fixed assets -€9,684
down €9,684 (-25.4%), from €38,057 to €28,373
of which Leasing and similar rights: -€6,063
- Intangible fixed assets -€1,790
down €1,790 (-33.2%), from €5,391 to €3,602
- Receivables within one year -€1,253
down €1,253 (-5.0%), from €25,116 to €23,863
of which Trade receivables: -€5,607
- Reserves +€12,250
up €12,250 (+17.8%), from €68,800 to €81,050
- Debts after one year -€6,418
down €6,418 (-46.7%), from €13,740 to €7,322
- Tax, wage and social debts -€5,089
down €5,089 (-58.1%), from €8,762 to €3,673
of which Taxes: -€3,564
- Trade debts -€4,976
down €4,976 (-56.2%), from €8,862 to €3,886
- Gross operating margin -€23,717
down €23,717 (-40.5%), from €58,585 to €34,868
- Taxes -€4,414
down €4,414 (-34.8%), from €12,669 to €8,255
- Financial income +€3,949
up €3,949 (+93.0%), from €4,246 to €8,195
- Staff costs -€2,565
down €2,565 (-37.7%), from €6,812 to €4,246
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 | €112,286 | €108,486 | -€3,799 | -3.4% |
| Fixed assets | 21/28 | €43,448 | €31,975 | -€11,473 | -26.4% |
| Intangible fixed assets | 21 | €5,391 | €3,602 | -€1,790 | -33.2% |
| Tangible fixed assets | 22/27 | €38,057 | €28,373 | -€9,684 | -25.4% |
| Plant, machinery and equipment | 23 | €4,360 | €4,794 | +€434 | +10.0% |
| Furniture and vehicles | 24 | €8,090 | €4,868 | -€3,222 | -39.8% |
| Leasing and similar rights | 25 | €18,190 | €12,127 | -€6,063 | -33.3% |
| Other tangible fixed assets | 26 | €7,417 | €6,584 | -€833 | -11.2% |
| Current assets | 29/58 | €68,837 | €76,512 | +€7,674 | +11.1% |
| Stocks and contracts in progress | 3 | €4,928 | €4,170 | -€758 | -15.4% |
| Stocks | 30/36 | €4,928 | €4,170 | -€758 | -15.4% |
| Amounts receivable within one year | 40/41 | €25,116 | €23,863 | -€1,253 | -5.0% |
| Trade receivables | 40 | €9,445 | €3,838 | -€5,607 | -59.4% |
| Other amounts receivable | 41 | €15,671 | €20,025 | +€4,354 | +27.8% |
| Cash at bank and in hand | 54/58 | €38,772 | €48,479 | +€9,706 | +25.0% |
| Deferred charges and accrued income | 490/1 | €21 | - | -€21 | |
| Total equity and liabilities | 10/49 | €112,286 | €108,486 | -€3,799 | -3.4% |
| Equity | 10/15 | €74,894 | €87,188 | +€12,294 | +16.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €68,800 | €81,050 | +€12,250 | +17.8% |
| Distributable reserves | 133 | €68,800 | €81,050 | +€12,250 | +17.8% |
| Profit (loss) carried forward | 14 | €94 | €138 | +€44 | +46.3% |
| Amounts payable | 17/49 | €37,392 | €21,299 | -€16,093 | -43.0% |
| Amounts payable after more than one year | 17 | €13,740 | €7,322 | -€6,418 | -46.7% |
| Financial debts | 170/4 | €13,740 | €7,322 | -€6,418 | -46.7% |
| Amounts payable within one year | 42/48 | €23,652 | €13,977 | -€9,675 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €6,028 | €6,418 | +€390 | +6.5% |
| Trade debts | 44 | €8,862 | €3,886 | -€4,976 | -56.2% |
| Suppliers | 440/4 | €8,862 | €3,886 | -€4,976 | -56.2% |
| Taxes, remuneration and social security | 45 | €8,762 | €3,673 | -€5,089 | -58.1% |
| Taxes | 450/3 | €5,804 | €2,241 | -€3,564 | -61.4% |
| Remuneration and social security | 454/9 | €2,958 | €1,433 | -€1,525 | -51.6% |
| Remuneration, social security and pensions | 62 | €6,812 | €4,246 | -€2,565 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,095 | €13,612 | +€517 | +3.9% |
| Other operating charges | 640/8 | €1,904 | €1,948 | +€44 | +2.3% |
| Gross operating margin | 9900 | €58,585 | €34,868 | -€23,717 | -40.5% |
| Operating profit (loss) | 9901 | €36,774 | €15,062 | -€21,713 | -59.0% |
| Financial income | 75/76B | €4,246 | €8,195 | +€3,949 | +93.0% |
| Recurring financial income | 75 | €4,246 | €8,195 | +€3,949 | +93.0% |
| Financial charges | 65/66B | €3,061 | €2,708 | -€353 | -11.5% |
| Recurring financial charges | 65 | €3,061 | €2,708 | -€353 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €37,959 | €20,549 | -€17,411 | -45.9% |
| Income taxes | 67/77 | €12,669 | €8,255 | -€4,414 | -34.8% |
| Profit (loss) for the period | 9904 | €25,290 | €12,294 | -€12,997 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,290 | €12,294 | -€12,997 | -51.4% |
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 8 October 2026 via checked.be.