HARP: 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.
HARP
Largest movements
- Tangible fixed assets -€7,428
down €7,428 (-7.7%), from €96,390 to €88,962
- Debts after one year -€11,168
down €11,168 (-8.0%), from €138,923 to €127,755
- Profit (loss) carried forward +€3,740
up €3,740 (+3.6%), from -€104,506 to -€100,766
- Gross operating margin +€403
up €403 (+3.1%), from €12,923 to €13,326
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
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 | €96,390 | €88,962 | -€7,428 | -7.7% |
| Fixed assets | 21/28 | €96,390 | €88,962 | -€7,428 | -7.7% |
| Tangible fixed assets | 22/27 | €96,390 | €88,962 | -€7,428 | -7.7% |
| Land and buildings | 22 | €96,390 | €88,962 | -€7,428 | -7.7% |
| Total equity and liabilities | 10/49 | €96,390 | €88,962 | -€7,428 | -7.7% |
| Equity | 10/15 | -€42,533 | -€38,793 | +€3,740 | +8.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,506 | -€100,766 | +€3,740 | +3.6% |
| Amounts payable | 17/49 | €138,923 | €127,755 | -€11,168 | -8.0% |
| Amounts payable after more than one year | 17 | €138,923 | €127,755 | -€11,168 | -8.0% |
| Financial debts | 170/4 | €138,923 | €127,755 | -€11,168 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,429 | €7,428 | -€1 | 0.0% |
| Other operating charges | 640/8 | €2,094 | €2,158 | +€64 | +3.1% |
| Gross operating margin | 9900 | €12,923 | €13,326 | +€403 | +3.1% |
| Operating profit (loss) | 9901 | €3,400 | €3,740 | +€340 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €3,400 | €3,740 | +€340 | +10.0% |
| Profit (loss) for the period | 9904 | €3,400 | €3,740 | +€340 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,400 | €3,740 | +€340 | +10.0% |
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 4 October 2026 via checked.be.