HARVICCO: 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.
HARVICCO
Largest movements
- Receivables within one year +€58,106
up €58,106 (+24.3%), from €239,553 to €297,659
of which Trade receivables: +€61,627
- Cash -€31,771
down €31,771 (-85.4%), from €37,184 to €5,412
mainly Trade debts (-€59,588) and Receivables within one year (-€58,106)
- Stocks and contracts +€6,637
up €6,637 (+63.4%), from €10,467 to €17,104
- Other debts +€67,157
up €67,157, from €0 to €67,157
- Trade debts -€59,588
down €59,588 (-21.9%), from €272,221 to €212,633
- Reserves +€26,472
up €26,472 (+94.4%), from €28,050 to €54,523
of which Distributable reserves: +€26,472
- Gross operating margin +€121,661
up €121,661 (+60.2%), from €201,945 to €323,607
- Staff costs +€104,476
up €104,476 (+65.8%), from €158,799 to €263,276
- Financial charges +€14,449
up €14,449 (+1,033%), from €1,399 to €15,848
- Taxes -€10,291
down €10,291 (-42.4%), from €24,260 to €13,969
- Financial income +€4,879
up €4,879 (+119%), from €4,107 to €8,985
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 | €420,838 | €454,002 | +€33,164 | +7.9% |
| Fixed assets | 21/28 | €23,635 | €23,827 | +€192 | +0.8% |
| Tangible fixed assets | 22/27 | €5,741 | €4,625 | -€1,116 | -19.4% |
| Furniture and vehicles | 24 | €5,741 | €4,625 | -€1,116 | -19.4% |
| Financial fixed assets | 28 | €17,893 | €19,202 | +€1,309 | +7.3% |
| Current assets | 29/58 | €397,204 | €430,175 | +€32,972 | +8.3% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,467 | €17,104 | +€6,637 | +63.4% |
| Stocks | 30/36 | €10,467 | €17,104 | +€6,637 | +63.4% |
| Amounts receivable within one year | 40/41 | €239,553 | €297,659 | +€58,106 | +24.3% |
| Trade receivables | 40 | €119,007 | €180,634 | +€61,627 | +51.8% |
| Other amounts receivable | 41 | €120,546 | €117,025 | -€3,522 | -2.9% |
| Cash at bank and in hand | 54/58 | €37,184 | €5,412 | -€31,771 | -85.4% |
| Total equity and liabilities | 10/49 | €420,838 | €454,002 | +€33,164 | +7.9% |
| Equity | 10/15 | €46,642 | €73,115 | +€26,472 | +56.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €28,050 | €54,523 | +€26,472 | +94.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €26,191 | €52,664 | +€26,472 | +101% |
| Amounts payable | 17/49 | €374,196 | €380,887 | +€6,692 | +1.8% |
| Amounts payable within one year | 42/48 | €374,196 | €380,887 | +€6,692 | +1.8% |
| Financial debts | 43 | €4,185 | €0 | -€4,185 | -100% |
| Credit institutions | 430/8 | €4,185 | €0 | -€4,185 | -100% |
| Trade debts | 44 | €272,221 | €212,633 | -€59,588 | -21.9% |
| Suppliers | 440/4 | €272,221 | €212,633 | -€59,588 | -21.9% |
| Taxes, remuneration and social security | 45 | €97,789 | €101,097 | +€3,308 | +3.4% |
| Taxes | 450/3 | €40,406 | €10,060 | -€30,346 | -75.1% |
| Remuneration and social security | 454/9 | €57,384 | €91,038 | +€33,654 | +58.6% |
| Other amounts payable | 47/48 | €0 | €67,157 | +€67,157 | |
| Non-recurring operating income | 76A | €83,076 | €0 | -€83,076 | -100% |
| Remuneration, social security and pensions | 62 | €158,799 | €263,276 | +€104,476 | +65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €795 | €2,465 | +€1,670 | +210% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €9,023 | €10,302 | +€1,279 | +14.2% |
| Non-recurring operating charges | 66A | €937 | €260 | -€677 | -72.2% |
| Gross operating margin | 9900 | €201,945 | €323,607 | +€121,661 | +60.2% |
| Operating profit (loss) | 9901 | €32,391 | €47,304 | +€14,913 | +46.0% |
| Financial income | 75/76B | €4,107 | €8,985 | +€4,879 | +119% |
| Recurring financial income | 75 | €4,107 | €8,985 | +€4,879 | +119% |
| Financial charges | 65/66B | €1,399 | €15,848 | +€14,449 | +1,033% |
| Recurring financial charges | 65 | €1,399 | €15,848 | +€14,449 | +1,033% |
| Profit (loss) for the period before taxes | 9903 | €35,099 | €40,441 | +€5,343 | +15.2% |
| Income taxes | 67/77 | €24,260 | €13,969 | -€10,291 | -42.4% |
| Profit (loss) for the period | 9904 | €10,839 | €26,472 | +€15,633 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €10,839 | €26,472 | +€15,633 | +144% |
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 22 October 2026 via checked.be.