HARPA CONSULT: 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.
HARPA CONSULT
Largest movements
- Tangible fixed assets -€57,857
down €57,857 (-10.7%), from €541,171 to €483,314
- Cash -€35,562
down €35,562 (-63.4%), from €56,091 to €20,529
mainly Debts after one year (-€55,000) and Receivables within one year (-€21,057)
- Receivables within one year +€21,057
up €21,057 (+702%), from €3,000 to €24,057
of which Trade receivables: +€12,634
- Debts after one year -€55,000
down €55,000 (-78.6%), from €70,000 to €15,000
- Reserves -€13,268
down €13,268 (-7.0%), from €188,545 to €175,277
of which Tax-exempt reserves: -€13,268
- Profit (loss) carried forward +€10,189
up €10,189 (+3.1%), from €330,050 to €340,239
- Tax, wage and social debts -€7,775
down €7,775 (-97.0%), from €8,015 to €240
- Gross operating margin -€17,900
down €17,900 (-22.1%), from €81,105 to €63,205
- Taxes -€4,104
down €4,104 (-51.7%), from €7,945 to €3,841
- Depreciation -€3,573
down €3,573 (-5.8%), from €61,430 to €57,857
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 | €728,997 | €656,635 | -€72,362 | -9.9% |
| Fixed assets | 21/28 | €647,906 | €590,049 | -€57,857 | -8.9% |
| Tangible fixed assets | 22/27 | €541,171 | €483,314 | -€57,857 | -10.7% |
| Land and buildings | 22 | €541,171 | €483,314 | -€57,857 | -10.7% |
| Financial fixed assets | 28 | €106,735 | €106,735 | = | 0.0% |
| Current assets | 29/58 | €81,091 | €66,586 | -€14,505 | -17.9% |
| Amounts receivable after more than one year | 29 | €22,000 | €22,000 | = | 0.0% |
| Other amounts receivable | 291 | €22,000 | €22,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,000 | €24,057 | +€21,057 | +702% |
| Trade receivables | 40 | - | €12,634 | +€12,634 | |
| Other amounts receivable | 41 | €3,000 | €11,423 | +€8,423 | +281% |
| Cash at bank and in hand | 54/58 | €56,091 | €20,529 | -€35,562 | -63.4% |
| Total equity and liabilities | 10/49 | €728,997 | €656,635 | -€72,362 | -9.9% |
| Equity | 10/15 | €618,595 | €615,516 | -€3,079 | -0.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €188,545 | €175,277 | -€13,268 | -7.0% |
| Tax-exempt reserves | 132 | €76,545 | €63,277 | -€13,268 | -17.3% |
| Distributable reserves | 133 | €112,000 | €112,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €330,050 | €340,239 | +€10,189 | +3.1% |
| Provisions and deferred taxes | 16 | €25,558 | €21,140 | -€4,418 | -17.3% |
| Deferred taxes | 168 | €25,558 | €21,140 | -€4,418 | -17.3% |
| Amounts payable | 17/49 | €84,843 | €19,979 | -€64,864 | -76.5% |
| Amounts payable after more than one year | 17 | €70,000 | €15,000 | -€55,000 | -78.6% |
| Financial debts | 170/4 | €70,000 | €15,000 | -€55,000 | -78.6% |
| Amounts payable within one year | 42/48 | €14,449 | €4,972 | -€9,477 | -65.6% |
| Trade debts | 44 | €2 | - | -€2 | |
| Suppliers | 440/4 | €2 | - | -€2 | |
| Advances received on contracts in progress | 46 | €721 | - | -€721 | |
| Taxes, remuneration and social security | 45 | €8,015 | €240 | -€7,775 | -97.0% |
| Taxes | 450/3 | €8,015 | €240 | -€7,775 | -97.0% |
| Other amounts payable | 47/48 | €5,710 | €4,732 | -€978 | -17.1% |
| Accrued charges and deferred income | 492/3 | €395 | €7 | -€388 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,430 | €57,857 | -€3,573 | -5.8% |
| Other operating charges | 640/8 | €8,798 | €9,031 | +€233 | +2.6% |
| Gross operating margin | 9900 | €81,105 | €63,205 | -€17,900 | -22.1% |
| Operating profit (loss) | 9901 | €10,877 | -€3,682 | -€14,559 | |
| Financial income | 75/76B | €566 | €880 | +€314 | +55.6% |
| Recurring financial income | 75 | €566 | €880 | +€314 | +55.6% |
| Financial charges | 65/66B | €73 | €55 | -€19 | -25.4% |
| Recurring financial charges | 65 | €73 | €55 | -€19 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €11,370 | -€2,856 | -€14,227 | |
| Transfer from deferred taxes | 780 | €4,418 | €4,418 | = | 0.0% |
| Income taxes | 67/77 | €7,945 | €3,841 | -€4,104 | -51.7% |
| Profit (loss) for the period | 9904 | €7,844 | -€2,279 | -€10,123 | |
| Transfer from tax-exempt reserves | 789 | €13,268 | €13,268 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,112 | €10,989 | -€10,123 | -47.9% |
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 18 October 2026 via checked.be.