Harry & Frances: 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.
Harry & Frances
Largest movements
- Cash +€28,012
up €28,012 (+114%), from €24,585 to €52,596
mainly Net result for the year (+€21,724) and Tax, wage and social debts (+€12,076)
- Receivables within one year -€11,526
down €11,526 (-29.7%), from €38,763 to €27,237
of which Trade receivables: -€10,317
- Tangible fixed assets +€5,856
new in 2025: €5,856
of which Furniture and vehicles: +€4,563
- Stocks and contracts -€1,250
down €1,250 (-12.8%), from €9,781 to €8,531
- Reserves +€21,724
up €21,724 (+52.7%), from €41,198 to €62,921
- Tax, wage and social debts +€12,076
up €12,076 (+1,208%), from €1,000 to €13,076
- Advances received -€12,036
no longer reported in 2025 (was €12,036)
- Gross operating margin +€4,608
up €4,608 (+16.0%), from €28,859 to €33,466
- Taxes +€1,559
up €1,559 (+16.8%), from €9,286 to €10,845
- Depreciation +€1,042
new in 2025: €1,042
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 | €73,128 | €94,221 | +€21,092 | +28.8% |
| Fixed assets | 21/28 | - | €5,856 | +€5,856 | |
| Tangible fixed assets | 22/27 | - | €5,856 | +€5,856 | |
| Plant, machinery and equipment | 23 | - | €1,294 | +€1,294 | |
| Furniture and vehicles | 24 | - | €4,563 | +€4,563 | |
| Current assets | 29/58 | €73,128 | €88,364 | +€15,236 | +20.8% |
| Stocks and contracts in progress | 3 | €9,781 | €8,531 | -€1,250 | -12.8% |
| Stocks | 30/36 | €9,781 | €8,531 | -€1,250 | -12.8% |
| Amounts receivable within one year | 40/41 | €38,763 | €27,237 | -€11,526 | -29.7% |
| Trade receivables | 40 | €22,057 | €11,740 | -€10,317 | -46.8% |
| Other amounts receivable | 41 | €16,705 | €15,497 | -€1,209 | -7.2% |
| Cash at bank and in hand | 54/58 | €24,585 | €52,596 | +€28,012 | +114% |
| Total equity and liabilities | 10/49 | €73,128 | €94,221 | +€21,092 | +28.8% |
| Equity | 10/15 | €47,398 | €69,121 | +€21,724 | +45.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,198 | €62,921 | +€21,724 | +52.7% |
| Distributable reserves | 133 | €41,198 | €62,921 | +€21,724 | +52.7% |
| Amounts payable | 17/49 | €25,731 | €25,099 | -€632 | -2.5% |
| Amounts payable within one year | 42/48 | €25,731 | €25,099 | -€632 | -2.5% |
| Trade debts | 44 | €2,695 | €2,023 | -€671 | -24.9% |
| Suppliers | 440/4 | €2,695 | €2,023 | -€671 | -24.9% |
| Advances received on contracts in progress | 46 | €12,036 | - | -€12,036 | |
| Taxes, remuneration and social security | 45 | €1,000 | €13,076 | +€12,076 | +1,208% |
| Taxes | 450/3 | €1,000 | €13,076 | +€12,076 | +1,208% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,042 | +€1,042 | |
| Other operating charges | 640/8 | €766 | €730 | -€37 | -4.8% |
| Gross operating margin | 9900 | €28,859 | €33,466 | +€4,608 | +16.0% |
| Operating profit (loss) | 9901 | €28,093 | €31,694 | +€3,602 | +12.8% |
| Financial income | 75/76B | €755 | €884 | +€130 | +17.2% |
| Recurring financial income | 75 | €755 | €884 | +€130 | +17.2% |
| Financial charges | 65/66B | €97 | €10 | -€87 | -89.4% |
| Recurring financial charges | 65 | €97 | €10 | -€87 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | €28,750 | €32,569 | +€3,818 | +13.3% |
| Income taxes | 67/77 | €9,286 | €10,845 | +€1,559 | +16.8% |
| Profit (loss) for the period | 9904 | €19,464 | €21,724 | +€2,260 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,464 | €21,724 | +€2,260 | +11.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.