HARVEST PROPERTIES: 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.
What changed
HARVEST PROPERTIES
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,838
2024 · -€5,789+€19,627
Equity
€1.0m
2024 · €996,294+€7,932
Cash
€10,524
2024 · €6,390+€4,133
Balance sheet total
€4.4m
2024 · €4.6m-€284,041
Largest movements
Assets
- Tangible fixed assets -€187,774
down €187,774 (-4.1%), from €4.5m to €4.3m
of which Land and buildings: -€159,129
- Receivables after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
Equity and liabilities
- Short-term financial debts -€323,000
down €323,000 (-100%), from €323,000 to €0
- Other debts -€178,800
down €178,800 (-6.3%), from €2.8m to €2.7m
- Debts after one year +€131,019
up €131,019 (+35.8%), from €366,232 to €497,251
- Current portion of long-term debt +€73,028
up €73,028 (+128%), from €57,188 to €130,216
Income statement
- Financial charges -€10,859
down €10,859 (-32.5%), from €33,420 to €22,561
- Gross operating margin +€9,738
up €9,738 (+4.0%), from €243,102 to €252,839
- Taxes +€7,065
up €7,065 (+112%), from €6,300 to €13,365
- Other operating charges -€4,121
down €4,121 (-15.3%), from €27,007 to €22,886
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.
Result 2024
-€5,789
Gross operating margin
+€9,738
Depreciation
+€1,975
Other operating charges
+€4,121
Financial charges
+€10,859
Taxes
-€7,065
Result 2025
€13,838
raises the resultlowers the result
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.
From operations
+€129,905
Investment
-€912
Financing
-€124,859
Cash 2024
€6,390
From operations (derived)
+€129,905
Net result for the year
+€13,838
Depreciation
+€189,136
Receivables after one year
+€100,000
Smaller working-capital items
+€1,284
Provisions
-€3,041
Tax, wage and social debts
+€7,488
Other debts
-€178,800
Investment (derived)
-€912
Investment in fixed assets (net)
-€912
Financing
-€124,859
Debts after one year
+€131,019
Current portion of long-term debt
+€73,028
Short-term financial debts
-€323,000
Contributions, distributions and other
-€5,906
Cash 2025
€10,524
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,637,049 | €4,353,008 | -€284,041 | -6.1% |
| Fixed assets | 21/28 | €4,525,433 | €4,337,209 | -€188,224 | -4.2% |
| Tangible fixed assets | 22/27 | €4,524,983 | €4,337,209 | -€187,774 | -4.1% |
| Land and buildings | 22 | €4,435,557 | €4,276,428 | -€159,129 | -3.6% |
| Plant, machinery and equipment | 23 | €1,553 | €1,191 | -€361 | -23.3% |
| Furniture and vehicles | 24 | €87,873 | €59,589 | -€28,284 | -32.2% |
| Financial fixed assets | 28 | €450 | €0 | -€450 | -100% |
| Current assets | 29/58 | €111,617 | €15,800 | -€95,817 | -85.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €6,390 | €10,524 | +€4,133 | +64.7% |
| Deferred charges and accrued income | 490/1 | €5,226 | €5,276 | +€50 | +1.0% |
| Total equity and liabilities | 10/49 | €4,637,049 | €4,353,008 | -€284,041 | -6.1% |
| Equity | 10/15 | €996,294 | €1,004,226 | +€7,932 | +0.8% |
| Contributions | 10/11 | €423,110 | €423,110 | = | 0.0% |
| Capital | 10 | €423,110 | €423,110 | = | 0.0% |
| Issued capital | 100 | €423,110 | €423,110 | = | 0.0% |
| Reserves | 13 | €490,501 | €504,338 | +€13,838 | +2.8% |
| Non-distributable reserves | 130/1 | €42,311 | €42,311 | = | 0.0% |
| Legal reserve | 130 | €42,311 | €42,311 | = | 0.0% |
| Distributable reserves | 133 | €448,190 | €462,027 | +€13,838 | +3.1% |
| Investment grants | 15 | €82,683 | €76,777 | -€5,906 | -7.1% |
| Provisions and deferred taxes | 16 | €42,575 | €39,534 | -€3,041 | -7.1% |
| Deferred taxes | 168 | €42,575 | €39,534 | -€3,041 | -7.1% |
| Amounts payable | 17/49 | €3,598,180 | €3,309,248 | -€288,932 | -8.0% |
| Amounts payable after more than one year | 17 | €366,232 | €497,251 | +€131,019 | +35.8% |
| Financial debts | 170/4 | €366,232 | €497,251 | +€131,019 | +35.8% |
| Amounts payable within one year | 42/48 | €3,231,310 | €2,810,826 | -€420,485 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €57,188 | €130,216 | +€73,028 | +128% |
| Financial debts | 43 | €323,000 | €0 | -€323,000 | -100% |
| Credit institutions | 430/8 | €323,000 | €0 | -€323,000 | -100% |
| Trade debts | 44 | €4,730 | €5,529 | +€799 | +16.9% |
| Suppliers | 440/4 | €4,730 | €5,529 | +€799 | +16.9% |
| Taxes, remuneration and social security | 45 | €2,177 | €9,665 | +€7,488 | +344% |
| Taxes | 450/3 | €2,177 | €9,665 | +€7,488 | +344% |
| Other amounts payable | 47/48 | €2,844,216 | €2,665,415 | -€178,800 | -6.3% |
| Accrued charges and deferred income | 492/3 | €638 | €1,172 | +€534 | +83.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,111 | €189,136 | -€1,975 | -1.0% |
| Other operating charges | 640/8 | €27,007 | €22,886 | -€4,121 | -15.3% |
| Gross operating margin | 9900 | €243,102 | €252,839 | +€9,738 | +4.0% |
| Operating profit (loss) | 9901 | €24,984 | €40,818 | +€15,833 | +63.4% |
| Financial income | 75/76B | €5,906 | €5,906 | = | 0.0% |
| Recurring financial income | 75 | €5,906 | €5,906 | = | 0.0% |
| Financial charges | 65/66B | €33,420 | €22,561 | -€10,859 | -32.5% |
| Recurring financial charges | 65 | €33,420 | €22,561 | -€10,859 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,530 | €24,162 | +€26,692 | |
| Transfer from deferred taxes | 780 | €3,041 | €3,041 | = | 0.0% |
| Income taxes | 67/77 | €6,300 | €13,365 | +€7,065 | +112% |
| Profit (loss) for the period | 9904 | -€5,789 | €13,838 | +€19,627 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,789 | €13,838 | +€19,627 |
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 18 October 2026 via checked.be.