HARVIZO: 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.
HARVIZO
Largest movements
- Cash +€23,426
up €23,426 (+60.4%), from €38,762 to €62,188
mainly Net result for the year (+€24,759) and Trade debts (+€3,143)
- Receivables within one year -€2,070
down €2,070 (-5.7%), from €36,034 to €33,965
of which Trade receivables: -€2,432
- Tangible fixed assets +€1,914
up €1,914 (+185%), from €1,037 to €2,951
of which Furniture and vehicles: +€1,990
- Reserves +€24,759
up €24,759 (+80.8%), from €30,635 to €55,394
of which Distributable reserves: +€26,619
- Other debts -€5,632
down €5,632 (-30.2%), from €18,620 to €12,988
- Trade debts +€3,143
up €3,143 (+771%), from €408 to €3,550
- Gross operating margin -€2,787
down €2,787 (-6.2%), from €44,903 to €42,116
- Staff costs +€633
up €633, from -€337 to €296
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 | €77,801 | €100,624 | +€22,823 | +29.3% |
| Formation expenses | 20 | €665 | €494 | -€171 | -25.7% |
| Fixed assets | 21/28 | €1,187 | €3,101 | +€1,914 | +161% |
| Tangible fixed assets | 22/27 | €1,037 | €2,951 | +€1,914 | +185% |
| Furniture and vehicles | 24 | €908 | €2,898 | +€1,990 | +219% |
| Other tangible fixed assets | 26 | €130 | €53 | -€76 | -59.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €75,948 | €97,029 | +€21,080 | +27.8% |
| Amounts receivable within one year | 40/41 | €36,034 | €33,965 | -€2,070 | -5.7% |
| Trade receivables | 40 | €35,187 | €32,755 | -€2,432 | -6.9% |
| Other amounts receivable | 41 | €848 | €1,210 | +€362 | +42.7% |
| Current investments | 50/53 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €38,762 | €62,188 | +€23,426 | +60.4% |
| Deferred charges and accrued income | 490/1 | €1,152 | €870 | -€282 | -24.5% |
| Total equity and liabilities | 10/49 | €77,801 | €100,624 | +€22,823 | +29.3% |
| Equity | 10/15 | €47,082 | €71,841 | +€24,759 | +52.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30,635 | €55,394 | +€24,759 | +80.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €361 | €361 | = | 0.0% |
| Distributable reserves | 133 | €28,415 | €55,034 | +€26,619 | +93.7% |
| Profit (loss) carried forward | 14 | €4,047 | €4,047 | = | 0.0% |
| Amounts payable | 17/49 | €30,718 | €28,782 | -€1,936 | -6.3% |
| Amounts payable within one year | 42/48 | €30,718 | €28,782 | -€1,936 | -6.3% |
| Trade debts | 44 | €408 | €3,550 | +€3,143 | +771% |
| Suppliers | 440/4 | €408 | €3,550 | +€3,143 | +771% |
| Taxes, remuneration and social security | 45 | €11,690 | €12,244 | +€553 | +4.7% |
| Taxes | 450/3 | €11,690 | €12,244 | +€553 | +4.7% |
| Other amounts payable | 47/48 | €18,620 | €12,988 | -€5,632 | -30.2% |
| Remuneration, social security and pensions | 62 | -€337 | €296 | +€633 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €925 | €1,232 | +€307 | +33.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€284 | -€284 | |
| Other operating charges | 640/8 | €1,775 | €2,035 | +€260 | +14.6% |
| Gross operating margin | 9900 | €44,903 | €42,116 | -€2,787 | -6.2% |
| Operating profit (loss) | 9901 | €42,539 | €38,836 | -€3,703 | -8.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -24.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -24.1% |
| Financial charges | 65/66B | €130 | €58 | -€72 | -55.4% |
| Recurring financial charges | 65 | €130 | €58 | -€72 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €42,409 | €38,778 | -€3,631 | -8.6% |
| Income taxes | 67/77 | €13,995 | €14,020 | +€25 | +0.2% |
| Profit (loss) for the period | 9904 | €28,415 | €24,759 | -€3,656 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,415 | €24,759 | -€3,656 | -12.9% |
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 20 October 2026 via checked.be.