HARS: what changed
Two fiscal 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.
HARS
Largest movements
- Tangible fixed assets +€139,220
up €139,220 (+6083.4%), from €2,289 to €141,508
of which Land and buildings: +€120,476
- Receivables within one year -€16,434
down €16,434 (-19.8%), from €82,915 to €66,480
of which Trade receivables: -€29,992
- Cash +€9,254
up €9,254 (+39.2%), from €23,578 to €32,831
mainly Debts after one year (+€119,225) and Receivables within one year (+€16,434)
- Deferred charges and accrued income -€2,606
no longer reported in 2024 (was €2,606)
- Debts after one year +€119,225
new in 2024: €119,225
- Other debts -€14,766
down €14,766 (-92.5%), from €15,966 to €1,200
- Current portion of long-term debt +€12,675
new in 2024: €12,675
- Trade debts +€10,055
up €10,055 (+68.6%), from €14,664 to €24,720
- Reserves +€5,284
up €5,284 (+9.8%), from €54,015 to €59,299
of which Distributable reserves: +€7,144
- Staff costs +€45,396
up €45,396 (+82.7%), from €54,890 to €100,286
- Gross operating margin +€41,914
up €41,914 (+47.0%), from €89,222 to €131,136
- Other operating charges +€16,007
up €16,007 (+2084.0%), from €768 to €16,775
- Depreciation +€2,331
up €2,331 (+391.2%), from €596 to €2,927
- Financial charges +€1,930
up €1,930 (+76.1%), from €2,537 to €4,467
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,387 | €240,820 | +€129,433 | +116.2% |
| Fixed assets | 21/28 | €2,289 | €141,508 | +€139,220 | +6083.4% |
| Tangible fixed assets | 22/27 | €2,289 | €141,508 | +€139,220 | +6083.4% |
| Land and buildings | 22 | - | €120,476 | +€120,476 | |
| Plant, machinery and equipment | 23 | €2,289 | €12,474 | +€10,185 | +445.1% |
| Furniture and vehicles | 24 | - | €8,559 | +€8,559 | |
| Current assets | 29/58 | €109,098 | €99,312 | -€9,787 | -9.0% |
| Amounts receivable within one year | 40/41 | €82,915 | €66,480 | -€16,434 | -19.8% |
| Trade receivables | 40 | €75,086 | €45,093 | -€29,992 | -39.9% |
| Other amounts receivable | 41 | €7,829 | €21,387 | +€13,558 | +173.2% |
| Cash at bank and in hand | 54/58 | €23,578 | €32,831 | +€9,254 | +39.2% |
| Deferred charges and accrued income | 490/1 | €2,606 | - | -€2,606 | |
| Total equity and liabilities | 10/49 | €111,387 | €240,820 | +€129,433 | +116.2% |
| Equity | 10/15 | €72,615 | €77,899 | +€5,284 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,015 | €59,299 | +€5,284 | +9.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €52,155 | €59,299 | +€7,144 | +13.7% |
| Amounts payable | 17/49 | €38,772 | €162,921 | +€124,149 | +320.2% |
| Amounts payable after more than one year | 17 | - | €119,225 | +€119,225 | |
| Financial debts | 170/4 | - | €119,225 | +€119,225 | |
| Amounts payable within one year | 42/48 | €38,772 | €43,696 | +€4,924 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | - | €12,675 | +€12,675 | |
| Trade debts | 44 | €14,664 | €24,720 | +€10,055 | +68.6% |
| Suppliers | 440/4 | €14,664 | €24,720 | +€10,055 | +68.6% |
| Taxes, remuneration and social security | 45 | €8,141 | €5,101 | -€3,040 | -37.3% |
| Taxes | 450/3 | €8,141 | €451 | -€7,690 | -94.5% |
| Remuneration and social security | 454/9 | - | €4,650 | +€4,650 | |
| Other amounts payable | 47/48 | €15,966 | €1,200 | -€14,766 | -92.5% |
| Remuneration, social security and pensions | 62 | €54,890 | €100,286 | +€45,396 | +82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €2,927 | +€2,331 | +391.2% |
| Other operating charges | 640/8 | €768 | €16,775 | +€16,007 | +2084.0% |
| Gross operating margin | 9900 | €89,222 | €131,136 | +€41,914 | +47.0% |
| Operating profit (loss) | 9901 | €32,968 | €11,148 | -€21,819 | -66.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €2,537 | €4,467 | +€1,930 | +76.1% |
| Recurring financial charges | 65 | €2,537 | €4,467 | +€1,930 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €30,431 | €6,684 | -€23,746 | -78.0% |
| Income taxes | 67/77 | €1,109 | €201 | -€909 | -81.9% |
| Profit (loss) for the period | 9904 | €29,321 | €6,484 | -€22,838 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,321 | €6,484 | -€22,838 | -77.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.