HaRuMa: 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.
HaRuMa
Largest movements
- Cash +€9,424
up €9,424 (+15.8%), from €59,467 to €68,890
mainly Net result for the year (+€32,730) and Other debts (+€21,230)
- Receivables within one year -€2,120
down €2,120 (-17.8%), from €11,914 to €9,795
of which Trade receivables: -€1,455
- Tangible fixed assets -€1,378
down €1,378 (-43.3%), from €3,180 to €1,802
of which Furniture and vehicles: -€938
- Other debts +€21,230
up €21,230 (+6,769%), from €314 to €21,544
- Profit (loss) carried forward -€17,270
down €17,270 (-26.2%), from €65,921 to €48,651
- Tax, wage and social debts +€4,378
up €4,378 (+124%), from €3,523 to €7,902
- Trade debts -€1,611
down €1,611 (-47.7%), from €3,379 to €1,768
- Gross operating margin +€8,592
up €8,592 (+22.8%), from €37,736 to €46,328
- Taxes +€2,068
up €2,068 (+29.2%), from €7,082 to €9,150
- Other operating charges -€1,442
down €1,442 (-69.1%), from €2,086 to €644
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 | €74,561 | €80,978 | +€6,417 | +8.6% |
| Fixed assets | 21/28 | €3,180 | €1,802 | -€1,378 | -43.3% |
| Tangible fixed assets | 22/27 | €3,180 | €1,802 | -€1,378 | -43.3% |
| Furniture and vehicles | 24 | €1,806 | €868 | -€938 | -52.0% |
| Other tangible fixed assets | 26 | €1,375 | €935 | -€440 | -32.0% |
| Current assets | 29/58 | €71,381 | €79,176 | +€7,795 | +10.9% |
| Amounts receivable within one year | 40/41 | €11,914 | €9,795 | -€2,120 | -17.8% |
| Trade receivables | 40 | €10,500 | €9,045 | -€1,455 | -13.9% |
| Other amounts receivable | 41 | €1,415 | €750 | -€665 | -47.0% |
| Cash at bank and in hand | 54/58 | €59,467 | €68,890 | +€9,424 | +15.8% |
| Deferred charges and accrued income | 490/1 | - | €492 | +€492 | |
| Total equity and liabilities | 10/49 | €74,561 | €80,978 | +€6,417 | +8.6% |
| Equity | 10/15 | €66,921 | €49,651 | -€17,270 | -25.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,921 | €48,651 | -€17,270 | -26.2% |
| Amounts payable | 17/49 | €7,640 | €31,328 | +€23,688 | +310% |
| Amounts payable within one year | 42/48 | €7,640 | €31,328 | +€23,688 | +310% |
| Financial debts | 43 | €424 | €114 | -€310 | -73.2% |
| Credit institutions | 430/8 | €424 | €114 | -€310 | -73.2% |
| Trade debts | 44 | €3,379 | €1,768 | -€1,611 | -47.7% |
| Suppliers | 440/4 | €3,379 | €1,768 | -€1,611 | -47.7% |
| Taxes, remuneration and social security | 45 | €3,523 | €7,902 | +€4,378 | +124% |
| Taxes | 450/3 | €3,523 | €7,902 | +€4,378 | +124% |
| Other amounts payable | 47/48 | €314 | €21,544 | +€21,230 | +6,769% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,321 | €1,002 | -€319 | -24.2% |
| Other operating charges | 640/8 | €2,086 | €644 | -€1,442 | -69.1% |
| Non-recurring operating charges | 66A | - | €376 | +€376 | |
| Gross operating margin | 9900 | €37,736 | €46,328 | +€8,592 | +22.8% |
| Operating profit (loss) | 9901 | €34,329 | €44,306 | +€9,977 | +29.1% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €2,499 | €2,430 | -€69 | -2.8% |
| Recurring financial charges | 65 | €2,499 | €2,430 | -€69 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €31,831 | €41,880 | +€10,049 | +31.6% |
| Income taxes | 67/77 | €7,082 | €9,150 | +€2,068 | +29.2% |
| Profit (loss) for the period | 9904 | €24,749 | €32,730 | +€7,981 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,749 | €32,730 | +€7,981 | +32.2% |
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 25 October 2026 via checked.be.