HARSIM: 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.
HARSIM
Largest movements
- Cash +€7,020
up €7,020 (+6,903%), from €102 to €7,122
mainly Net result for the year (+€9,288) and Trade debts (+€4,608)
- Stocks and contracts +€1,213
up €1,213 (+5.9%), from €20,698 to €21,912
- Receivables within one year +€420
up €420 (+26.3%), from €1,598 to €2,017
of which Other amounts receivable: +€1,620
- Profit (loss) carried forward +€9,288
up €9,288 (+64.3%), from €14,447 to €23,735
- Trade debts +€4,608
new in 2025: €4,608
- Tax, wage and social debts -€4,593
down €4,593 (-75.4%), from €6,095 to €1,502
- Other debts -€650
no longer reported in 2025 (was €650)
- Turnover +€23,656
up €23,656 (+12.3%), from €191,950 to €215,605
- Purchases and services +€15,081
up €15,081 (+8.1%), from €186,365 to €201,447
- Gross operating margin +€8,875
up €8,875 (+131%), from €6,784 to €15,659
- Other operating charges +€2,790
up €2,790 (+169%), from €1,654 to €4,444
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 | €22,398 | €31,051 | +€8,653 | +38.6% |
| Current assets | 29/58 | €22,398 | €31,051 | +€8,653 | +38.6% |
| Stocks and contracts in progress | 3 | €20,698 | €21,912 | +€1,213 | +5.9% |
| Stocks | 30/36 | €20,698 | €21,912 | +€1,213 | +5.9% |
| Amounts receivable within one year | 40/41 | €1,598 | €2,017 | +€420 | +26.3% |
| Trade receivables | 40 | €1,200 | - | -€1,200 | |
| Other amounts receivable | 41 | €398 | €2,017 | +€1,620 | +407% |
| Cash at bank and in hand | 54/58 | €102 | €7,122 | +€7,020 | +6,903% |
| Total equity and liabilities | 10/49 | €22,398 | €31,051 | +€8,653 | +38.6% |
| Equity | 10/15 | €15,653 | €24,941 | +€9,288 | +59.3% |
| Contributions | 10/11 | €1,206 | €1,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,447 | €23,735 | +€9,288 | +64.3% |
| Amounts payable | 17/49 | €6,745 | €6,110 | -€635 | -9.4% |
| Amounts payable within one year | 42/48 | €6,745 | €6,110 | -€635 | -9.4% |
| Trade debts | 44 | - | €4,608 | +€4,608 | |
| Suppliers | 440/4 | - | €4,608 | +€4,608 | |
| Taxes, remuneration and social security | 45 | €6,095 | €1,502 | -€4,593 | -75.4% |
| Taxes | 450/3 | €6,095 | €1,502 | -€4,593 | -75.4% |
| Other amounts payable | 47/48 | €650 | - | -€650 | |
| Turnover | 70 | €191,950 | €215,605 | +€23,656 | +12.3% |
| Non-recurring operating income | 76A | - | €300 | +€300 | |
| Goods, raw materials, services and sundry goods | 60/61 | €186,365 | €201,447 | +€15,081 | +8.1% |
| Other operating charges | 640/8 | €1,654 | €4,444 | +€2,790 | +169% |
| Gross operating margin | 9900 | €6,784 | €15,659 | +€8,875 | +131% |
| Operating profit (loss) | 9901 | €5,130 | €11,214 | +€6,085 | +119% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,667 | €1,926 | +€260 | +15.6% |
| Recurring financial charges | 65 | €1,667 | €1,926 | +€260 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €3,463 | €9,288 | +€5,825 | +168% |
| Income taxes | 67/77 | €1,467 | - | -€1,467 | |
| Profit (loss) for the period | 9904 | €1,996 | €9,288 | +€7,292 | +365% |
| Profit (loss) for the period to be appropriated | 9905 | €1,996 | €9,288 | +€7,292 | +365% |
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.