HARUT AM: 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.
HARUT AM
Largest movements
- Tangible fixed assets +€36,394
up €36,394 (+4,548%), from €800 to €37,194
- Receivables within one year -€6,457
down €6,457 (-40.9%), from €15,793 to €9,336
of which Other amounts receivable: -€6,717
- Cash -€2,879
down €2,879 (-22.9%), from €12,596 to €9,717
mainly Investment in fixed assets (net) (-€37,341) and Contributions, distributions and other (-€18,600)
- Debts after one year +€19,961
new in 2025: €19,961
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Other debts +€11,444
new in 2025: €11,444
- Profit (loss) carried forward +€9,229
up €9,229 (+184%), from €5,026 to €14,255
- Current portion of long-term debt +€2,075
up €2,075 (+80.4%), from €2,582 to €4,657
- Other operating charges -€8,532
down €8,532 (-80.6%), from €10,592 to €2,060
- Gross operating margin +€5,180
up €5,180 (+81.9%), from €6,323 to €11,503
- Financial income -€2,440
down €2,440 (-65.4%), from €3,733 to €1,293
- Staff costs -€1,579
down €1,579 (-83.6%), from €1,890 to €311
- Depreciation +€900
up €900 (+1,925%), from €47 to €947
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 | €29,189 | €56,247 | +€27,059 | +92.7% |
| Fixed assets | 21/28 | €800 | €37,194 | +€36,394 | +4,548% |
| Tangible fixed assets | 22/27 | €800 | €37,194 | +€36,394 | +4,548% |
| Furniture and vehicles | 24 | €800 | €37,194 | +€36,394 | +4,548% |
| Current assets | 29/58 | €28,389 | €19,053 | -€9,335 | -32.9% |
| Amounts receivable within one year | 40/41 | €15,793 | €9,336 | -€6,457 | -40.9% |
| Trade receivables | 40 | €420 | €680 | +€260 | +61.9% |
| Other amounts receivable | 41 | €15,373 | €8,656 | -€6,717 | -43.7% |
| Cash at bank and in hand | 54/58 | €12,596 | €9,717 | -€2,879 | -22.9% |
| Total equity and liabilities | 10/49 | €29,189 | €56,247 | +€27,059 | +92.7% |
| Equity | 10/15 | €23,626 | €14,255 | -€9,371 | -39.7% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €5,026 | €14,255 | +€9,229 | +184% |
| Amounts payable | 17/49 | €5,563 | €41,992 | +€36,429 | +655% |
| Amounts payable after more than one year | 17 | - | €19,961 | +€19,961 | |
| Financial debts | 170/4 | - | €19,961 | +€19,961 | |
| Amounts payable within one year | 42/48 | €5,563 | €22,031 | +€16,468 | +296% |
| Current portion of amounts payable after more than one year | 42 | €2,582 | €4,657 | +€2,075 | +80.4% |
| Trade debts | 44 | €981 | €3,029 | +€2,049 | +209% |
| Suppliers | 440/4 | €981 | €3,029 | +€2,049 | +209% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,900 | +€900 | +45.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,900 | +€900 | +45.0% |
| Other amounts payable | 47/48 | - | €11,444 | +€11,444 | |
| Remuneration, social security and pensions | 62 | €1,890 | €311 | -€1,579 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €947 | +€900 | +1,925% |
| Other operating charges | 640/8 | €10,592 | €2,060 | -€8,532 | -80.6% |
| Gross operating margin | 9900 | €6,323 | €11,503 | +€5,180 | +81.9% |
| Operating profit (loss) | 9901 | -€6,205 | €8,186 | +€14,391 | |
| Financial income | 75/76B | €3,733 | €1,293 | -€2,440 | -65.4% |
| Recurring financial income | 75 | €3,733 | €1,293 | -€2,440 | -65.4% |
| Financial charges | 65/66B | €316 | €250 | -€66 | -20.9% |
| Recurring financial charges | 65 | €316 | €250 | -€66 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,788 | €9,229 | +€12,017 | |
| Profit (loss) for the period | 9904 | -€2,788 | €9,229 | +€12,017 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,788 | €9,229 | +€12,017 |
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 23 October 2026 via checked.be.