HARU: 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.
HARU
Largest movements
- Tangible fixed assets +€178,219
up €178,219 (+117%), from €152,836 to €331,054
of which Land and buildings: +€218,659
- Cash +€110,359
up €110,359 (+210%), from €52,605 to €162,964
mainly Debts after one year (+€138,124) and Current investments (+€100,000)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables within one year -€34,472
down €34,472 (-24.8%), from €139,273 to €104,801
of which Other amounts receivable: -€29,905
- Debts after one year +€138,124
up €138,124 (+199%), from €69,268 to €207,391
- Reserves +€40,144
up €40,144 (+14.9%), from €269,749 to €309,893
- Other debts -€30,764
down €30,764 (-86.8%), from €35,448 to €4,685
- Current portion of long-term debt +€10,183
up €10,183 (+38.2%), from €26,693 to €36,876
- Depreciation +€47,013
up €47,013 (+173%), from €27,107 to €74,120
- Staff costs -€14,866
down €14,866 (-11.1%), from €133,736 to €118,870
- Gross operating margin +€14,522
up €14,522 (+6.2%), from €233,727 to €248,249
- Financial income +€4,516
up €4,516 (+120%), from €3,766 to €8,282
- Taxes -€4,164
down €4,164 (-20.9%), from €19,893 to €15,729
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.
Derived cash bridge
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 | €463,798 | €623,247 | +€159,449 | +34.4% |
| Fixed assets | 21/28 | €155,557 | €333,775 | +€178,219 | +115% |
| Tangible fixed assets | 22/27 | €152,836 | €331,054 | +€178,219 | +117% |
| Land and buildings | 22 | - | €218,659 | +€218,659 | |
| Plant, machinery and equipment | 23 | €16,329 | €10,452 | -€5,877 | -36.0% |
| Furniture and vehicles | 24 | €106,959 | €82,967 | -€23,991 | -22.4% |
| Other tangible fixed assets | 26 | €29,548 | €18,976 | -€10,572 | -35.8% |
| Financial fixed assets | 28 | €2,721 | €2,721 | = | 0.0% |
| Current assets | 29/58 | €308,242 | €289,472 | -€18,770 | -6.1% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €139,273 | €104,801 | -€34,472 | -24.8% |
| Trade receivables | 40 | €4,566 | €0 | -€4,566 | -100% |
| Other amounts receivable | 41 | €134,706 | €104,801 | -€29,905 | -22.2% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €52,605 | €162,964 | +€110,359 | +210% |
| Deferred charges and accrued income | 490/1 | €11,364 | €16,707 | +€5,343 | +47.0% |
| Total equity and liabilities | 10/49 | €463,798 | €623,247 | +€159,449 | +34.4% |
| Equity | 10/15 | €309,749 | €349,893 | +€40,144 | +13.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €269,749 | €309,893 | +€40,144 | +14.9% |
| Distributable reserves | 133 | €269,749 | €309,893 | +€40,144 | +14.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €154,049 | €273,354 | +€119,305 | +77.4% |
| Amounts payable after more than one year | 17 | €69,268 | €207,391 | +€138,124 | +199% |
| Financial debts | 170/4 | €69,268 | €207,391 | +€138,124 | +199% |
| Amounts payable within one year | 42/48 | €84,614 | €65,717 | -€18,898 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €26,693 | €36,876 | +€10,183 | +38.2% |
| Trade debts | 44 | €9,341 | €9,167 | -€174 | -1.9% |
| Suppliers | 440/4 | €9,341 | €9,167 | -€174 | -1.9% |
| Taxes, remuneration and social security | 45 | €13,132 | €14,989 | +€1,856 | +14.1% |
| Taxes | 450/3 | €8,184 | €6,963 | -€1,221 | -14.9% |
| Remuneration and social security | 454/9 | €4,948 | €8,025 | +€3,077 | +62.2% |
| Other amounts payable | 47/48 | €35,448 | €4,685 | -€30,764 | -86.8% |
| Accrued charges and deferred income | 492/3 | €167 | €246 | +€78 | +46.9% |
| Non-recurring operating income | 76A | €6,411 | €0 | -€6,411 | -100% |
| Remuneration, social security and pensions | 62 | €133,736 | €118,870 | -€14,866 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,107 | €74,120 | +€47,013 | +173% |
| Other operating charges | 640/8 | €754 | €1,421 | +€666 | +88.3% |
| Gross operating margin | 9900 | €233,727 | €248,249 | +€14,522 | +6.2% |
| Operating profit (loss) | 9901 | €72,130 | €53,839 | -€18,291 | -25.4% |
| Financial income | 75/76B | €3,766 | €8,282 | +€4,516 | +120% |
| Recurring financial income | 75 | €3,766 | €8,282 | +€4,516 | +120% |
| Financial charges | 65/66B | €2,938 | €6,247 | +€3,309 | +113% |
| Recurring financial charges | 65 | €2,938 | €6,247 | +€3,309 | +113% |
| Profit (loss) for the period before taxes | 9903 | €72,958 | €55,874 | -€17,085 | -23.4% |
| Income taxes | 67/77 | €19,893 | €15,729 | -€4,164 | -20.9% |
| Profit (loss) for the period | 9904 | €53,065 | €40,144 | -€12,921 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,065 | €40,144 | -€12,921 | -24.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.