HARSOLAV: 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.
HARSOLAV
Largest movements
- Cash +€19,516
up €19,516 (+38.3%), from €50,977 to €70,492
mainly Depreciation (+€16,975) and Net result for the year (+€6,954)
- Tangible fixed assets -€13,725
down €13,725 (-8.7%), from €158,128 to €144,403
of which Land and buildings: -€12,065
- Other debts +€4,434
up €4,434 (+784.0%), from €566 to €5,000
- Gross operating margin +€15,812
up €15,812 (+132.8%), from €11,907 to €27,719
- Taxes +€628
up €628 (+437.3%), from €144 to €772
- Depreciation -€434
down €434 (-2.5%), from €17,409 to €16,975
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 | €222,437 | €228,724 | +€6,287 | +2.8% |
| Fixed assets | 21/28 | €158,378 | €144,653 | -€13,725 | -8.7% |
| Tangible fixed assets | 22/27 | €158,128 | €144,403 | -€13,725 | -8.7% |
| Land and buildings | 22 | €151,351 | €139,287 | -€12,065 | -8.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €6,777 | €5,117 | -€1,660 | -24.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €64,059 | €84,071 | +€20,012 | +31.2% |
| Amounts receivable within one year | 40/41 | €7,362 | €7,571 | +€209 | +2.8% |
| Trade receivables | 40 | €232 | €242 | +€10 | +4.2% |
| Other amounts receivable | 41 | €7,131 | €7,329 | +€199 | +2.8% |
| Cash at bank and in hand | 54/58 | €50,977 | €70,492 | +€19,516 | +38.3% |
| Deferred charges and accrued income | 490/1 | €5,720 | €6,008 | +€288 | +5.0% |
| Total equity and liabilities | 10/49 | €222,437 | €228,724 | +€6,287 | +2.8% |
| Equity | 10/15 | €221,770 | €223,724 | +€1,954 | +0.9% |
| Contributions | 10/11 | €8,400 | €8,400 | = | 0.0% |
| Reserves | 13 | €44,732 | €46,132 | +€1,400 | +3.1% |
| 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 | €37,872 | €37,872 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €6,400 | +€1,400 | +28.0% |
| Profit (loss) carried forward | 14 | €168,638 | €169,192 | +€554 | +0.3% |
| Amounts payable | 17/49 | €667 | €5,000 | +€4,333 | +650.1% |
| Amounts payable within one year | 42/48 | €667 | €5,000 | +€4,333 | +650.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €101 | - | -€101 | |
| Suppliers | 440/4 | €101 | - | -€101 | |
| Other amounts payable | 47/48 | €566 | €5,000 | +€4,434 | +784.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,409 | €16,975 | -€434 | -2.5% |
| Other operating charges | 640/8 | €3,005 | €3,166 | +€161 | +5.4% |
| Gross operating margin | 9900 | €11,907 | €27,719 | +€15,812 | +132.8% |
| Operating profit (loss) | 9901 | -€8,507 | €7,578 | +€16,085 | |
| Financial income | 75/76B | €360 | €321 | -€39 | -10.8% |
| Recurring financial income | 75 | €360 | €321 | -€39 | -10.8% |
| Financial charges | 65/66B | €353 | €172 | -€181 | -51.2% |
| Recurring financial charges | 65 | €353 | €172 | -€181 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,500 | €7,726 | +€16,226 | |
| Income taxes | 67/77 | €144 | €772 | +€628 | +437.3% |
| Profit (loss) for the period | 9904 | -€8,644 | €6,954 | +€15,598 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,644 | €6,954 | +€15,598 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.