HARPIE: 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.
HARPIE
Largest movements
- Cash +€10,751
up €10,751 (+7.0%), from €153,437 to €164,189
mainly Net result for the year (+€49,864) and Other debts (+€17,692)
- Deferred charges and accrued income -€2,502
down €2,502 (-49.9%), from €5,009 to €2,507
- Tangible fixed assets -€2,472
down €2,472 (-14.0%), from €17,680 to €15,208
of which Other tangible fixed assets: -€2,081
- Other debts +€17,692
up €17,692 (+31.1%), from €56,841 to €74,533
- Tax, wage and social debts -€9,033
down €9,033 (-23.2%), from €38,886 to €29,854
of which Taxes: -€11,877
- Gross operating margin +€25,426
up €25,426 (+42.5%), from €59,813 to €85,239
- Staff costs +€6,994
up €6,994 (+146%), from €4,790 to €11,784
- Taxes +€3,461
up €3,461 (+32.1%), from €10,779 to €14,241
- Financial charges +€3,065
up €3,065 (+75.5%), from €4,062 to €7,127
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 | €190,502 | €198,727 | +€8,225 | +4.3% |
| Fixed assets | 21/28 | €17,680 | €15,208 | -€2,472 | -14.0% |
| Tangible fixed assets | 22/27 | €17,680 | €15,208 | -€2,472 | -14.0% |
| Furniture and vehicles | 24 | €1,477 | €1,085 | -€391 | -26.5% |
| Other tangible fixed assets | 26 | €16,203 | €14,122 | -€2,081 | -12.8% |
| Current assets | 29/58 | €172,822 | €183,519 | +€10,697 | +6.2% |
| Stocks and contracts in progress | 3 | €2,756 | €4,224 | +€1,469 | +53.3% |
| Stocks | 30/36 | €2,756 | €4,224 | +€1,469 | +53.3% |
| Amounts receivable within one year | 40/41 | €11,620 | €12,599 | +€979 | +8.4% |
| Trade receivables | 40 | €11,620 | €12,599 | +€979 | +8.4% |
| Cash at bank and in hand | 54/58 | €153,437 | €164,189 | +€10,751 | +7.0% |
| Deferred charges and accrued income | 490/1 | €5,009 | €2,507 | -€2,502 | -49.9% |
| Total equity and liabilities | 10/49 | €190,502 | €198,727 | +€8,225 | +4.3% |
| Equity | 10/15 | €34,942 | €34,806 | -€136 | -0.4% |
| Contributions | 10/11 | €4,750 | €4,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,192 | €30,056 | -€136 | -0.5% |
| Amounts payable | 17/49 | €155,560 | €163,921 | +€8,361 | +5.4% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,560 | €113,921 | +€8,361 | +7.9% |
| Trade debts | 44 | €9,832 | €9,535 | -€298 | -3.0% |
| Suppliers | 440/4 | €9,832 | €9,535 | -€298 | -3.0% |
| Taxes, remuneration and social security | 45 | €38,886 | €29,854 | -€9,033 | -23.2% |
| Taxes | 450/3 | €38,101 | €26,225 | -€11,877 | -31.2% |
| Remuneration and social security | 454/9 | €785 | €3,629 | +€2,844 | +362% |
| Other amounts payable | 47/48 | €56,841 | €74,533 | +€17,692 | +31.1% |
| Remuneration, social security and pensions | 62 | €4,790 | €11,784 | +€6,994 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,472 | €2,472 | +€0 | 0.0% |
| Other operating charges | 640/8 | €339 | €367 | +€28 | +8.1% |
| Gross operating margin | 9900 | €59,813 | €85,239 | +€25,426 | +42.5% |
| Operating profit (loss) | 9901 | €52,212 | €70,616 | +€18,404 | +35.2% |
| Financial income | 75/76B | €372 | €616 | +€244 | +65.5% |
| Recurring financial income | 75 | €372 | €616 | +€244 | +65.5% |
| Financial charges | 65/66B | €4,062 | €7,127 | +€3,065 | +75.5% |
| Recurring financial charges | 65 | €4,062 | €7,127 | +€3,065 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | €48,522 | €64,105 | +€15,583 | +32.1% |
| Income taxes | 67/77 | €10,779 | €14,241 | +€3,461 | +32.1% |
| Profit (loss) for the period | 9904 | €37,743 | €49,864 | +€12,121 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,743 | €49,864 | +€12,121 | +32.1% |
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 27 October 2026 via checked.be.