Harvert: 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.
Harvert
Largest movements
- Cash +€49,549
up €49,549 (+118.4%), from €41,854 to €91,403
mainly Net result for the year (+€41,329) and Receivables within one year (+€29,194)
- Receivables within one year -€29,194
down €29,194 (-98.0%), from €29,777 to €583
of which Trade receivables: -€29,261
- Reserves +€41,329
up €41,329 (+108.4%), from €38,118 to €79,447
- Other debts -€12,682
no longer reported in 2025 (was €12,682)
- Tax, wage and social debts -€9,836
down €9,836 (-48.0%), from €20,472 to €10,636
- Trade debts +€1,186
up €1,186 (+161.4%), from €735 to €1,921
- Gross operating margin +€4,310
up €4,310 (+9.0%), from €48,068 to €52,378
- Taxes +€929
up €929 (+9.6%), from €9,707 to €10,636
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 | €73,007 | €93,004 | +€19,997 | +27.4% |
| Fixed assets | 21/28 | €1,376 | €1,018 | -€358 | -26.0% |
| Tangible fixed assets | 22/27 | €876 | €518 | -€358 | -40.9% |
| Furniture and vehicles | 24 | €876 | €518 | -€358 | -40.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €71,631 | €91,986 | +€20,355 | +28.4% |
| Amounts receivable within one year | 40/41 | €29,777 | €583 | -€29,194 | -98.0% |
| Trade receivables | 40 | €29,777 | €516 | -€29,261 | -98.3% |
| Other amounts receivable | 41 | - | €67 | +€67 | |
| Cash at bank and in hand | 54/58 | €41,854 | €91,403 | +€49,549 | +118.4% |
| Total equity and liabilities | 10/49 | €73,007 | €93,004 | +€19,997 | +27.4% |
| Equity | 10/15 | €39,118 | €80,447 | +€41,329 | +105.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €38,118 | €79,447 | +€41,329 | +108.4% |
| Distributable reserves | 133 | €38,118 | €79,447 | +€41,329 | +108.4% |
| Amounts payable | 17/49 | €33,889 | €12,557 | -€21,332 | -62.9% |
| Amounts payable within one year | 42/48 | €33,889 | €12,557 | -€21,332 | -62.9% |
| Trade debts | 44 | €735 | €1,921 | +€1,186 | +161.4% |
| Suppliers | 440/4 | €735 | €1,921 | +€1,186 | +161.4% |
| Taxes, remuneration and social security | 45 | €20,472 | €10,636 | -€9,836 | -48.0% |
| Taxes | 450/3 | €20,472 | €10,636 | -€9,836 | -48.0% |
| Other amounts payable | 47/48 | €12,682 | - | -€12,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198 | €358 | +€160 | +80.7% |
| Gross operating margin | 9900 | €48,068 | €52,378 | +€4,310 | +9.0% |
| Operating profit (loss) | 9901 | €47,870 | €52,020 | +€4,150 | +8.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €46 | €56 | +€10 | +21.0% |
| Recurring financial charges | 65 | €46 | €56 | +€10 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €47,824 | €51,965 | +€4,140 | +8.7% |
| Income taxes | 67/77 | €9,707 | €10,636 | +€929 | +9.6% |
| Profit (loss) for the period | 9904 | €38,118 | €41,329 | +€3,211 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,118 | €41,329 | +€3,211 | +8.4% |
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 29 September 2026 via checked.be.