HARRIER SERVICES: 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.
HARRIER SERVICES
Largest movements
- Current investments -€1.0m
down €1.0m (-85.0%), from €1.2m to €185,415
- Receivables within one year +€160,874
up €160,874 (+42.0%), from €382,753 to €543,627
of which Trade receivables: +€142,480
- Cash -€124,153
down €124,153 (-22.0%), from €564,204 to €440,050
mainly Other debts (-€1.3m) and Contributions, distributions and other (-€250,000)
- Other debts -€1.3m
down €1.3m (-84.1%), from €1.6m to €255,790
- Trade debts +€291,285
up €291,285 (+179%), from €162,351 to €453,636
- Reserves +€126,428
up €126,428 (+238%), from €53,197 to €179,625
- Short-term financial debts -€100,956
down €100,956 (-62.3%), from €161,981 to €61,025
- Gross operating margin -€161,756
down €161,756 (-18.2%), from €889,674 to €727,918
- Staff costs +€133,057
up €133,057 (+107%), from €124,548 to €257,604
- Taxes -€117,183
down €117,183 (-54.1%), from €216,591 to €99,408
- Financial charges +€93,486
up €93,486 (+243%), from €38,440 to €131,926
- Financial income +€9,159
up €9,159 (+6.6%), from €138,310 to €147,469
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 | €2,211,057 | €1,199,699 | -€1.0m | -45.7% |
| Fixed assets | 21/28 | €21,962 | €29,655 | +€7,693 | +35.0% |
| Tangible fixed assets | 22/27 | €21,862 | €18,062 | -€3,801 | -17.4% |
| Furniture and vehicles | 24 | €21,862 | €18,062 | -€3,801 | -17.4% |
| Financial fixed assets | 28 | €100 | €11,593 | +€11,493 | +11,493% |
| Current assets | 29/58 | €2,189,095 | €1,170,044 | -€1.0m | -46.6% |
| Amounts receivable within one year | 40/41 | €382,753 | €543,627 | +€160,874 | +42.0% |
| Trade receivables | 40 | €329,870 | €472,350 | +€142,480 | +43.2% |
| Other amounts receivable | 41 | €52,883 | €71,277 | +€18,394 | +34.8% |
| Current investments | 50/53 | €1,235,037 | €185,415 | -€1.0m | -85.0% |
| Cash at bank and in hand | 54/58 | €564,204 | €440,050 | -€124,153 | -22.0% |
| Deferred charges and accrued income | 490/1 | €7,102 | €951 | -€6,151 | -86.6% |
| Total equity and liabilities | 10/49 | €2,211,057 | €1,199,699 | -€1.0m | -45.7% |
| Equity | 10/15 | €53,697 | €180,125 | +€126,428 | +235% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €53,197 | €179,625 | +€126,428 | +238% |
| Distributable reserves | 133 | €53,197 | €179,625 | +€126,428 | +238% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,157,360 | €1,019,574 | -€1.1m | -52.7% |
| Amounts payable within one year | 42/48 | €2,157,360 | €1,019,574 | -€1.1m | -52.7% |
| Financial debts | 43 | €161,981 | €61,025 | -€100,956 | -62.3% |
| Credit institutions | 430/8 | €161,981 | €61,025 | -€100,956 | -62.3% |
| Trade debts | 44 | €162,351 | €453,636 | +€291,285 | +179% |
| Suppliers | 440/4 | €162,351 | €453,636 | +€291,285 | +179% |
| Taxes, remuneration and social security | 45 | €228,038 | €249,123 | +€21,085 | +9.2% |
| Taxes | 450/3 | €202,271 | €202,271 | = | 0.0% |
| Remuneration and social security | 454/9 | €25,766 | €46,852 | +€21,085 | +81.8% |
| Other amounts payable | 47/48 | €1,604,990 | €255,790 | -€1.3m | -84.1% |
| Remuneration, social security and pensions | 62 | €124,548 | €257,604 | +€133,057 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,527 | €9,216 | +€1,689 | +22.4% |
| Other operating charges | 640/8 | €698 | €806 | +€107 | +15.4% |
| Gross operating margin | 9900 | €889,674 | €727,918 | -€161,756 | -18.2% |
| Operating profit (loss) | 9901 | €756,901 | €460,292 | -€296,609 | -39.2% |
| Financial income | 75/76B | €138,310 | €147,469 | +€9,159 | +6.6% |
| Recurring financial income | 75 | €138,310 | €147,469 | +€9,159 | +6.6% |
| Financial charges | 65/66B | €38,440 | €131,926 | +€93,486 | +243% |
| Recurring financial charges | 65 | €38,440 | €131,926 | +€93,486 | +243% |
| Profit (loss) for the period before taxes | 9903 | €856,771 | €475,835 | -€380,936 | -44.5% |
| Income taxes | 67/77 | €216,591 | €99,408 | -€117,183 | -54.1% |
| Profit (loss) for the period | 9904 | €640,181 | €376,428 | -€263,753 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €640,181 | €376,428 | -€263,753 | -41.2% |
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 19 October 2026 via checked.be.