HARPIS: 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.
HARPIS
Largest movements
- Receivables within one year +€2.9m
up €2.9m (+129.9%), from €2.2m to €5.1m
of which Other amounts receivable: +€1.6m
- Current investments -€1.7m
down €1.7m (-78.2%), from €2.1m to €460,000
- Tangible fixed assets -€184,108
down €184,108 (-2.2%), from €8.2m to €8.1m
of which Land and buildings: -€203,791
- Profit (loss) carried forward +€2.1m
up €2.1m (+176.2%), from €1.2m to €3.3m
- Other debts -€1.3m
down €1.3m (-16.6%), from €8.0m to €6.7m
- Gross operating margin +€2.4m
up €2.4m (+359.0%), from €681,233 to €3.1m
- Taxes +€678,267
up €678,267 (+2659.7%), from €25,502 to €703,769
- Depreciation -€331,712
down €331,712 (-61.6%), from €538,651 to €206,939
- Financial charges +€99,054
up €99,054 (+94.4%), from €104,875 to €203,929
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 | €14,850,825 | €15,837,963 | +€987,138 | +6.6% |
| Fixed assets | 21/28 | €10,256,174 | €10,096,666 | -€159,508 | -1.6% |
| Tangible fixed assets | 22/27 | €8,236,907 | €8,052,798 | -€184,108 | -2.2% |
| Land and buildings | 22 | €8,235,702 | €8,031,911 | -€203,791 | -2.5% |
| Furniture and vehicles | 24 | €1,204 | €20,887 | +€19,683 | +1634.5% |
| Financial fixed assets | 28 | €2,019,267 | €2,043,867 | +€24,600 | +1.2% |
| Current assets | 29/58 | €4,594,651 | €5,741,298 | +€1.1m | +25.0% |
| Amounts receivable within one year | 40/41 | €2,204,496 | €5,067,597 | +€2.9m | +129.9% |
| Trade receivables | 40 | €588,033 | €1,887,649 | +€1.3m | +221.0% |
| Other amounts receivable | 41 | €1,616,463 | €3,179,948 | +€1.6m | +96.7% |
| Current investments | 50/53 | €2,110,819 | €460,000 | -€1.7m | -78.2% |
| Cash at bank and in hand | 54/58 | €219,268 | €155,126 | -€64,141 | -29.3% |
| Deferred charges and accrued income | 490/1 | €60,069 | €58,574 | -€1,495 | -2.5% |
| Total equity and liabilities | 10/49 | €14,850,825 | €15,837,963 | +€987,138 | +6.6% |
| Equity | 10/15 | €6,707,987 | €8,796,987 | +€2.1m | +31.1% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €5,411,155 | €5,411,155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Distributable reserves | 133 | €5,400,000 | €5,400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,185,279 | €3,274,280 | +€2.1m | +176.2% |
| Amounts payable | 17/49 | €8,142,839 | €7,040,976 | -€1.1m | -13.5% |
| Amounts payable within one year | 42/48 | €8,037,801 | €6,836,987 | -€1.2m | -14.9% |
| Trade debts | 44 | €5,446 | €42,172 | +€36,726 | +674.4% |
| Suppliers | 440/4 | €5,446 | €42,172 | +€36,726 | +674.4% |
| Taxes, remuneration and social security | 45 | €18,098 | €113,669 | +€95,570 | +528.1% |
| Taxes | 450/3 | €18,098 | €113,669 | +€95,570 | +528.1% |
| Other amounts payable | 47/48 | €8,014,257 | €6,681,146 | -€1.3m | -16.6% |
| Accrued charges and deferred income | 492/3 | €105,037 | €203,989 | +€98,952 | +94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €538,651 | €206,939 | -€331,712 | -61.6% |
| Other operating charges | 640/8 | €10,772 | €18,028 | +€7,256 | +67.4% |
| Gross operating margin | 9900 | €681,233 | €3,126,693 | +€2.4m | +359.0% |
| Operating profit (loss) | 9901 | €131,810 | €2,901,727 | +€2.8m | +2101.5% |
| Financial income | 75/76B | €92,953 | €94,971 | +€2,018 | +2.2% |
| Recurring financial income | 75 | €92,953 | €94,971 | +€2,018 | +2.2% |
| Financial charges | 65/66B | €104,875 | €203,929 | +€99,054 | +94.4% |
| Recurring financial charges | 65 | €104,875 | €203,929 | +€99,054 | +94.4% |
| Profit (loss) for the period before taxes | 9903 | €119,888 | €2,792,770 | +€2.7m | +2229.5% |
| Income taxes | 67/77 | €25,502 | €703,769 | +€678,267 | +2659.7% |
| Profit (loss) for the period | 9904 | €94,386 | €2,089,000 | +€2.0m | +2113.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,386 | €2,089,000 | +€2.0m | +2113.3% |
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 9 October 2026 via checked.be.