HARROUK: 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.
HARROUK
Largest movements
- Receivables within one year +€84,173
up €84,173 (+65.1%), from €129,322 to €213,495
of which Other amounts receivable: +€73,173
- Tangible fixed assets +€64,172
up €64,172 (+8.7%), from €737,164 to €801,336
of which Furniture and vehicles: +€74,171
- Cash +€12,729
up €12,729 (+348.1%), from €3,657 to €16,385
mainly Trade debts (+€101,607) and Net result for the year (+€84,251)
- Trade debts +€101,607
up €101,607 (+463.0%), from €21,946 to €123,553
- Reserves +€84,251
new in 2025: €84,251
- Debts after one year -€48,563
down €48,563 (-10.8%), from €449,298 to €400,735
- Tax, wage and social debts +€22,597
up €22,597 (+69.2%), from €32,633 to €55,229
- Gross operating margin -€17,566
down €17,566 (-9.5%), from €184,517 to €166,952
- Taxes -€4,427
down €4,427 (-15.1%), from €29,302 to €24,874
- Other operating charges -€3,949
down €3,949 (-59.9%), from €6,597 to €2,648
- Depreciation +€2,287
up €2,287 (+5.4%), from €42,080 to €44,368
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 | €886,458 | €1,036,184 | +€149,726 | +16.9% |
| Fixed assets | 21/28 | €751,247 | €806,253 | +€55,006 | +7.3% |
| Intangible fixed assets | 21 | €14,083 | €4,917 | -€9,167 | -65.1% |
| Tangible fixed assets | 22/27 | €737,164 | €801,336 | +€64,172 | +8.7% |
| Land and buildings | 22 | €699,119 | €689,120 | -€9,999 | -1.4% |
| Furniture and vehicles | 24 | €38,045 | €112,216 | +€74,171 | +195.0% |
| Current assets | 29/58 | €135,210 | €229,931 | +€94,720 | +70.1% |
| Amounts receivable within one year | 40/41 | €129,322 | €213,495 | +€84,173 | +65.1% |
| Trade receivables | 40 | - | €11,000 | +€11,000 | |
| Other amounts receivable | 41 | €129,322 | €202,495 | +€73,173 | +56.6% |
| Cash at bank and in hand | 54/58 | €3,657 | €16,385 | +€12,729 | +348.1% |
| Deferred charges and accrued income | 490/1 | €2,231 | €50 | -€2,181 | -97.8% |
| Total equity and liabilities | 10/49 | €886,458 | €1,036,184 | +€149,726 | +16.9% |
| Equity | 10/15 | €294,316 | €378,568 | +€84,251 | +28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €84,251 | +€84,251 | |
| Distributable reserves | 133 | - | €84,251 | +€84,251 | |
| Profit (loss) carried forward | 14 | €275,716 | €275,716 | = | 0.0% |
| Amounts payable | 17/49 | €592,141 | €657,616 | +€65,475 | +11.1% |
| Amounts payable after more than one year | 17 | €449,298 | €400,735 | -€48,563 | -10.8% |
| Financial debts | 170/4 | €449,298 | €400,735 | -€48,563 | -10.8% |
| Amounts payable within one year | 42/48 | €142,843 | €256,881 | +€114,038 | +79.8% |
| Current portion of amounts payable after more than one year | 42 | €51,957 | €49,508 | -€2,448 | -4.7% |
| Financial debts | 43 | €12,308 | €4,591 | -€7,717 | -62.7% |
| Credit institutions | 430/8 | €12,308 | €4,591 | -€7,717 | -62.7% |
| Trade debts | 44 | €21,946 | €123,553 | +€101,607 | +463.0% |
| Suppliers | 440/4 | €21,946 | €123,553 | +€101,607 | +463.0% |
| Advances received on contracts in progress | 46 | €24,000 | €24,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €32,633 | €55,229 | +€22,597 | +69.2% |
| Taxes | 450/3 | €32,633 | €55,229 | +€22,597 | +69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,080 | €44,368 | +€2,287 | +5.4% |
| Other operating charges | 640/8 | €6,597 | €2,648 | -€3,949 | -59.9% |
| Gross operating margin | 9900 | €184,517 | €166,952 | -€17,566 | -9.5% |
| Operating profit (loss) | 9901 | €135,840 | €119,936 | -€15,904 | -11.7% |
| Financial charges | 65/66B | €12,348 | €10,810 | -€1,538 | -12.5% |
| Recurring financial charges | 65 | €12,348 | €10,810 | -€1,538 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €123,492 | €109,126 | -€14,366 | -11.6% |
| Income taxes | 67/77 | €29,302 | €24,874 | -€4,427 | -15.1% |
| Profit (loss) for the period | 9904 | €94,190 | €84,251 | -€9,938 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,190 | €84,251 | -€9,938 | -10.6% |
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.