HARVEY NICHOLAS: 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.
HARVEY NICHOLAS
Largest movements
- Tangible fixed assets -€68,462
down €68,462 (-4.1%), from €1.7m to €1.6m
of which Land and buildings: -€76,684
- Cash -€44,403
down €44,403 (-18.3%), from €242,457 to €198,054
mainly Debts after one year (-€238,336) and Current portion of long-term debt (-€50,294)
- Debts after one year -€238,336
down €238,336 (-64.8%), from €367,821 to €129,485
- Reserves +€188,816
up €188,816 (+14.8%), from €1.3m to €1.5m
of which Distributable reserves: +€104,616
- Current portion of long-term debt -€50,294
down €50,294 (-60.9%), from €82,593 to €32,299
- Gross operating margin +€25,283
up €25,283 (+7.2%), from €349,753 to €375,036
- Financial charges -€7,443
down €7,443 (-57.7%), from €12,904 to €5,461
- Financial income +€4,166
up €4,166 (+108%), from €3,862 to €8,028
- Depreciation -€3,814
down €3,814 (-3.8%), from €100,049 to €96,235
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 | €2,160,916 | €2,060,677 | -€100,240 | -4.6% |
| Fixed assets | 21/28 | €1,685,640 | €1,617,178 | -€68,462 | -4.1% |
| Tangible fixed assets | 22/27 | €1,685,640 | €1,617,178 | -€68,462 | -4.1% |
| Land and buildings | 22 | €1,601,806 | €1,525,122 | -€76,684 | -4.8% |
| Furniture and vehicles | 24 | €83,833 | €92,056 | +€8,223 | +9.8% |
| Current assets | 29/58 | €475,277 | €443,499 | -€31,778 | -6.7% |
| Amounts receivable within one year | 40/41 | - | €12,432 | +€12,432 | |
| Other amounts receivable | 41 | - | €12,432 | +€12,432 | |
| Current investments | 50/53 | €230,000 | €232,982 | +€2,982 | +1.3% |
| Cash at bank and in hand | 54/58 | €242,457 | €198,054 | -€44,403 | -18.3% |
| Deferred charges and accrued income | 490/1 | €2,820 | €31 | -€2,789 | -98.9% |
| Total equity and liabilities | 10/49 | €2,160,916 | €2,060,677 | -€100,240 | -4.6% |
| Equity | 10/15 | €1,415,958 | €1,604,774 | +€188,816 | +13.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,273,205 | €1,462,021 | +€188,816 | +14.8% |
| Tax-exempt reserves | 132 | €63,150 | €147,350 | +€84,200 | +133% |
| Distributable reserves | 133 | €1,210,055 | €1,314,671 | +€104,616 | +8.6% |
| Profit (loss) carried forward | 14 | €130,353 | €130,353 | = | 0.0% |
| Provisions and deferred taxes | 16 | €257,580 | €257,580 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €257,580 | €257,580 | = | 0.0% |
| Other liabilities and charges | 164/5 | €257,580 | €257,580 | = | 0.0% |
| Amounts payable | 17/49 | €487,379 | €198,323 | -€289,055 | -59.3% |
| Amounts payable after more than one year | 17 | €367,821 | €129,485 | -€238,336 | -64.8% |
| Financial debts | 170/4 | €367,821 | €129,485 | -€238,336 | -64.8% |
| Amounts payable within one year | 42/48 | €119,558 | €68,838 | -€50,720 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €82,593 | €32,299 | -€50,294 | -60.9% |
| Trade debts | 44 | €3,980 | €6,278 | +€2,298 | +57.7% |
| Suppliers | 440/4 | €3,980 | €6,278 | +€2,298 | +57.7% |
| Taxes, remuneration and social security | 45 | €1,162 | - | -€1,162 | |
| Taxes | 450/3 | €1,162 | - | -€1,162 | |
| Other amounts payable | 47/48 | €31,822 | €30,262 | -€1,561 | -4.9% |
| Non-recurring operating income | 76A | €4,489 | - | -€4,489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,049 | €96,235 | -€3,814 | -3.8% |
| Other operating charges | 640/8 | €21,181 | €22,577 | +€1,396 | +6.6% |
| Gross operating margin | 9900 | €349,753 | €375,036 | +€25,283 | +7.2% |
| Operating profit (loss) | 9901 | €228,523 | €256,225 | +€27,702 | +12.1% |
| Financial income | 75/76B | €3,862 | €8,028 | +€4,166 | +108% |
| Recurring financial income | 75 | €3,862 | €8,028 | +€4,166 | +108% |
| Financial charges | 65/66B | €12,904 | €5,461 | -€7,443 | -57.7% |
| Recurring financial charges | 65 | €12,904 | €5,461 | -€7,443 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €219,481 | €258,792 | +€39,311 | +17.9% |
| Income taxes | 67/77 | €66,737 | €69,976 | +€3,239 | +4.9% |
| Profit (loss) for the period | 9904 | €152,743 | €188,816 | +€36,073 | +23.6% |
| Transfer from tax-exempt reserves | 789 | €71,200 | - | -€71,200 | |
| Transfer to tax-exempt reserves | 689 | €63,150 | €84,200 | +€21,050 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €160,793 | €104,616 | -€56,177 | -34.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.