HARVENGT DEVELOPMENT & SERVICES: 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.
HARVENGT DEVELOPMENT & SERVICES
Largest movements
- Cash +€155,238
up €155,238 (+20.2%), from €766,959 to €922,197
mainly Other debts (+€562,069) and Net result for the year (+€202,059)
- Tangible fixed assets +€63,767
up €63,767 (+407%), from €15,669 to €79,436
of which Furniture and vehicles: +€62,672
- Receivables within one year -€15,695
down €15,695 (-19.9%), from €78,711 to €63,016
of which Other amounts receivable: -€14,254
- Current investments +€14,470
new in 2025: €14,470
- Other debts +€562,069
up €562,069 (+28,464%), from €1,975 to €564,044
- Reserves -€358,000
down €358,000 (-49.2%), from €727,231 to €369,231
- Gross operating margin +€29,758
up €29,758 (+11.7%), from €254,728 to €284,486
- Taxes -€8,793
down €8,793 (-12.2%), from €71,870 to €63,077
- Depreciation -€5,921
down €5,921 (-24.7%), from €24,009 to €18,088
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 | €868,666 | €1,083,128 | +€214,462 | +24.7% |
| Fixed assets | 21/28 | €15,669 | €79,436 | +€63,767 | +407% |
| Tangible fixed assets | 22/27 | €15,669 | €79,436 | +€63,767 | +407% |
| Plant, machinery and equipment | 23 | €1,826 | €2,098 | +€272 | +14.9% |
| Furniture and vehicles | 24 | €4,773 | €67,445 | +€62,672 | +1,313% |
| Other tangible fixed assets | 26 | €9,070 | €9,894 | +€824 | +9.1% |
| Current assets | 29/58 | €852,997 | €1,003,691 | +€150,694 | +17.7% |
| Amounts receivable within one year | 40/41 | €78,711 | €63,016 | -€15,695 | -19.9% |
| Trade receivables | 40 | €64,457 | €63,016 | -€1,441 | -2.2% |
| Other amounts receivable | 41 | €14,254 | €0 | -€14,254 | -100% |
| Current investments | 50/53 | - | €14,470 | +€14,470 | |
| Cash at bank and in hand | 54/58 | €766,959 | €922,197 | +€155,238 | +20.2% |
| Deferred charges and accrued income | 490/1 | €7,327 | €4,008 | -€3,319 | -45.3% |
| Total equity and liabilities | 10/49 | €868,666 | €1,083,128 | +€214,462 | +24.7% |
| Equity | 10/15 | €796,373 | €438,432 | -€357,941 | -44.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €727,231 | €369,231 | -€358,000 | -49.2% |
| Distributable reserves | 133 | €727,231 | €369,231 | -€358,000 | -49.2% |
| Profit (loss) carried forward | 14 | €62,941 | €63,000 | +€59 | +0.1% |
| Amounts payable | 17/49 | €72,293 | €644,696 | +€572,403 | +792% |
| Amounts payable within one year | 42/48 | €72,093 | €644,496 | +€572,403 | +794% |
| Trade debts | 44 | €29,042 | €34,021 | +€4,979 | +17.1% |
| Suppliers | 440/4 | €29,042 | €34,021 | +€4,979 | +17.1% |
| Taxes, remuneration and social security | 45 | €41,077 | €46,432 | +€5,355 | +13.0% |
| Taxes | 450/3 | €39,077 | €44,432 | +€5,355 | +13.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,975 | €564,044 | +€562,069 | +28,464% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,009 | €18,088 | -€5,921 | -24.7% |
| Other operating charges | 640/8 | €1,068 | €1,150 | +€82 | +7.7% |
| Gross operating margin | 9900 | €254,728 | €284,486 | +€29,758 | +11.7% |
| Operating profit (loss) | 9901 | €229,651 | €265,247 | +€35,597 | +15.5% |
| Financial charges | 65/66B | €99 | €111 | +€12 | +11.9% |
| Recurring financial charges | 65 | €99 | €111 | +€12 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €229,551 | €265,136 | +€35,585 | +15.5% |
| Income taxes | 67/77 | €71,870 | €63,077 | -€8,793 | -12.2% |
| Profit (loss) for the period | 9904 | €157,681 | €202,059 | +€44,378 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €157,681 | €202,059 | +€44,378 | +28.1% |
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 24 October 2026 via checked.be.