HARSCH AGENCIES: 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.
HARSCH AGENCIES
Largest movements
- Receivables within one year +€9,618
up €9,618 (+74.9%), from €12,839 to €22,457
- Cash -€523
down €523 (-6.5%), from €8,003 to €7,480
mainly Receivables within one year (-€9,618)
- Trade debts +€4,235
up €4,235 (+1,167%), from €363 to €4,598
- Profit (loss) carried forward +€3,576
up €3,576 (+17.0%), from -€21,029 to -€17,453
- Tax, wage and social debts +€1,284
up €1,284 (+7.4%), from €17,348 to €18,632
- Gross operating margin -€8,421
down €8,421 (-54.6%), from €15,425 to €7,005
- Taxes -€2,100
down €2,100 (-46.7%), from €4,500 to €2,400
- Financial income -€1,000
no longer reported in 2025 (was €1,000)
- Financial charges -€677
down €677 (-79.0%), from €857 to €180
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 | €20,842 | €29,938 | +€9,095 | +43.6% |
| Current assets | 29/58 | €20,842 | €29,938 | +€9,095 | +43.6% |
| Amounts receivable within one year | 40/41 | €12,839 | €22,457 | +€9,618 | +74.9% |
| Other amounts receivable | 41 | €12,839 | €22,457 | +€9,618 | +74.9% |
| Cash at bank and in hand | 54/58 | €8,003 | €7,480 | -€523 | -6.5% |
| Total equity and liabilities | 10/49 | €20,842 | €29,938 | +€9,095 | +43.6% |
| Equity | 10/15 | €3,131 | €6,707 | +€3,576 | +114% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,560 | €5,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,700 | €3,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,029 | -€17,453 | +€3,576 | +17.0% |
| Amounts payable | 17/49 | €17,711 | €23,230 | +€5,519 | +31.2% |
| Amounts payable within one year | 42/48 | €17,711 | €23,230 | +€5,519 | +31.2% |
| Trade debts | 44 | €363 | €4,598 | +€4,235 | +1,167% |
| Suppliers | 440/4 | €363 | €4,598 | +€4,235 | +1,167% |
| Taxes, remuneration and social security | 45 | €17,348 | €18,632 | +€1,284 | +7.4% |
| Taxes | 450/3 | €17,348 | €18,632 | +€1,284 | +7.4% |
| Other operating charges | 640/8 | €906 | €848 | -€58 | -6.4% |
| Gross operating margin | 9900 | €15,425 | €7,005 | -€8,421 | -54.6% |
| Operating profit (loss) | 9901 | €14,519 | €6,157 | -€8,362 | -57.6% |
| Financial income | 75/76B | €1,000 | - | -€1,000 | |
| Recurring financial income | 75 | €1,000 | - | -€1,000 | |
| Financial charges | 65/66B | €857 | €180 | -€677 | -79.0% |
| Recurring financial charges | 65 | €857 | €180 | -€677 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | €14,662 | €5,976 | -€8,686 | -59.2% |
| Income taxes | 67/77 | €4,500 | €2,400 | -€2,100 | -46.7% |
| Profit (loss) for the period | 9904 | €10,162 | €3,576 | -€6,586 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,162 | €3,576 | -€6,586 | -64.8% |
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 16 October 2026 via checked.be.