In Harmonie: 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.
In Harmonie
Largest movements
- Cash +€21,464
up €21,464 (+160%), from €13,431 to €34,895
mainly Net result for the year (+€42,438) and Depreciation (+€36,088)
- Tangible fixed assets -€18,088
down €18,088 (-4.4%), from €412,068 to €393,980
of which Land and buildings: -€29,769
- Receivables within one year +€10,652
up €10,652 (+29.3%), from €36,416 to €47,068
of which Trade receivables: +€10,629
- Profit (loss) carried forward +€42,438
up €42,438 (+70.9%), from -€59,847 to -€17,409
- Debts after one year -€24,562
down €24,562 (-11.6%), from €211,278 to €186,716
- Other debts -€6,577
down €6,577 (-2.4%), from €274,298 to €267,721
- Gross operating margin +€14,116
up €14,116 (+19.8%), from €71,427 to €85,543
- Depreciation +€4,586
up €4,586 (+14.6%), from €31,502 to €36,088
- Financial income -€1,150
down €1,150 (-78.3%), from €1,469 to €319
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 | €462,894 | €476,934 | +€14,040 | +3.0% |
| Fixed assets | 21/28 | €412,068 | €393,980 | -€18,088 | -4.4% |
| Tangible fixed assets | 22/27 | €412,068 | €393,980 | -€18,088 | -4.4% |
| Land and buildings | 22 | €398,239 | €368,470 | -€29,769 | -7.5% |
| Furniture and vehicles | 24 | €13,829 | €25,510 | +€11,681 | +84.5% |
| Current assets | 29/58 | €50,826 | €82,954 | +€32,128 | +63.2% |
| Amounts receivable within one year | 40/41 | €36,416 | €47,068 | +€10,652 | +29.3% |
| Trade receivables | 40 | €29,410 | €40,039 | +€10,629 | +36.1% |
| Other amounts receivable | 41 | €7,006 | €7,029 | +€23 | +0.3% |
| Cash at bank and in hand | 54/58 | €13,431 | €34,895 | +€21,464 | +160% |
| Deferred charges and accrued income | 490/1 | €979 | €992 | +€12 | +1.3% |
| Total equity and liabilities | 10/49 | €462,894 | €476,934 | +€14,040 | +3.0% |
| Equity | 10/15 | -€53,647 | -€11,209 | +€42,438 | +79.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,847 | -€17,409 | +€42,438 | +70.9% |
| Amounts payable | 17/49 | €516,541 | €488,144 | -€28,397 | -5.5% |
| Amounts payable after more than one year | 17 | €211,278 | €186,716 | -€24,562 | -11.6% |
| Financial debts | 170/4 | €211,278 | €186,716 | -€24,562 | -11.6% |
| Amounts payable within one year | 42/48 | €305,263 | €301,428 | -€3,835 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €24,140 | €24,562 | +€422 | +1.7% |
| Trade debts | 44 | €3,822 | €3,920 | +€99 | +2.6% |
| Suppliers | 440/4 | €3,822 | €3,920 | +€99 | +2.6% |
| Taxes, remuneration and social security | 45 | €3,003 | €5,224 | +€2,222 | +74.0% |
| Taxes | 450/3 | €3,003 | €5,224 | +€2,222 | +74.0% |
| Other amounts payable | 47/48 | €274,298 | €267,721 | -€6,577 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,502 | €36,088 | +€4,586 | +14.6% |
| Other operating charges | 640/8 | €2,115 | €2,396 | +€281 | +13.3% |
| Gross operating margin | 9900 | €71,427 | €85,543 | +€14,116 | +19.8% |
| Operating profit (loss) | 9901 | €37,811 | €47,059 | +€9,249 | +24.5% |
| Financial income | 75/76B | €1,469 | €319 | -€1,150 | -78.3% |
| Recurring financial income | 75 | €1,469 | €319 | -€1,150 | -78.3% |
| Financial charges | 65/66B | €4,715 | €4,940 | +€226 | +4.8% |
| Recurring financial charges | 65 | €4,715 | €4,940 | +€226 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €34,565 | €42,438 | +€7,873 | +22.8% |
| Profit (loss) for the period | 9904 | €34,565 | €42,438 | +€7,873 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,565 | €42,438 | +€7,873 | +22.8% |
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.