HARPIGNY: 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.
HARPIGNY
Largest movements
- Receivables within one year -€9,028
down €9,028 (-36.6%), from €24,676 to €15,648
of which Other amounts receivable: -€5,912
- Cash +€3,470
up €3,470 (+73.0%), from €4,753 to €8,223
mainly Receivables within one year (+€9,028) and Net result for the year (+€5,066)
- Tangible fixed assets -€342
no longer reported in 2025 (was €342)
- Deferred charges and accrued income +€329
up €329 (+44.1%), from €747 to €1,077
- Short-term financial debts -€10,000
down €10,000 (-66.7%), from €15,000 to €5,000
- Profit (loss) carried forward +€5,066
up €5,066, from -€4,228 to €838
- Other debts -€2,076
down €2,076 (-39.7%), from €5,224 to €3,148
- Tax, wage and social debts +€1,154
up €1,154 (+76.9%), from €1,500 to €2,654
of which Taxes: +€654
- Gross operating margin +€11,535
up €11,535 (+2,784%), from €414 to €11,949
- Other operating charges -€3,768
down €3,768 (-83.8%), from €4,497 to €729
- Write-downs +€3,600
new in 2025: €3,600
- Taxes -€396
down €396 (-37.7%), from €1,050 to €654
- Financial charges -€255
down €255 (-14.1%), from €1,816 to €1,560
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 | €31,509 | €25,937 | -€5,571 | -17.7% |
| Fixed assets | 21/28 | €1,332 | €990 | -€342 | -25.7% |
| Tangible fixed assets | 22/27 | €342 | - | -€342 | |
| Furniture and vehicles | 24 | €342 | - | -€342 | |
| Financial fixed assets | 28 | €990 | €990 | = | 0.0% |
| Current assets | 29/58 | €30,176 | €24,947 | -€5,229 | -17.3% |
| Amounts receivable within one year | 40/41 | €24,676 | €15,648 | -€9,028 | -36.6% |
| Trade receivables | 40 | €3,116 | - | -€3,116 | |
| Other amounts receivable | 41 | €21,560 | €15,648 | -€5,912 | -27.4% |
| Cash at bank and in hand | 54/58 | €4,753 | €8,223 | +€3,470 | +73.0% |
| Deferred charges and accrued income | 490/1 | €747 | €1,077 | +€329 | +44.1% |
| Total equity and liabilities | 10/49 | €31,509 | €25,937 | -€5,571 | -17.7% |
| Equity | 10/15 | €9,032 | €14,098 | +€5,066 | +56.1% |
| Contributions | 10/11 | €11,400 | €11,400 | = | 0.0% |
| Contributions outside capital | 11 | €11,400 | - | -€11,400 | |
| Other | 1109/19 | €11,400 | - | -€11,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,228 | €838 | +€5,066 | |
| Amounts payable | 17/49 | €22,477 | €11,839 | -€10,637 | -47.3% |
| Amounts payable within one year | 42/48 | €22,477 | €11,839 | -€10,637 | -47.3% |
| Financial debts | 43 | €15,000 | €5,000 | -€10,000 | -66.7% |
| Credit institutions | 430/8 | €15,000 | €5,000 | -€10,000 | -66.7% |
| Trade debts | 44 | €753 | €1,038 | +€285 | +37.9% |
| Suppliers | 440/4 | €753 | €1,038 | +€285 | +37.9% |
| Taxes, remuneration and social security | 45 | €1,500 | €2,654 | +€1,154 | +76.9% |
| Taxes | 450/3 | - | €654 | +€654 | |
| Remuneration and social security | 454/9 | €1,500 | €2,000 | +€500 | +33.3% |
| Other amounts payable | 47/48 | €5,224 | €3,148 | -€2,076 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412 | €342 | -€70 | -16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,600 | +€3,600 | |
| Other operating charges | 640/8 | €4,497 | €729 | -€3,768 | -83.8% |
| Gross operating margin | 9900 | €414 | €11,949 | +€11,535 | +2,784% |
| Operating profit (loss) | 9901 | -€4,494 | €7,278 | +€11,772 | |
| Financial income | 75/76B | €4 | €2 | -€2 | -40.8% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -40.8% |
| Financial charges | 65/66B | €1,816 | €1,560 | -€255 | -14.1% |
| Recurring financial charges | 65 | €1,816 | €1,560 | -€255 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,306 | €5,720 | +€12,026 | |
| Income taxes | 67/77 | €1,050 | €654 | -€396 | -37.7% |
| Profit (loss) for the period | 9904 | -€7,356 | €5,066 | +€12,422 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,356 | €5,066 | +€12,422 |
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 14 October 2026 via checked.be.