LHARMONY: 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.
LHARMONY
Largest movements
- Receivables within one year +€17,820
up €17,820 (+3.5%), from €514,042 to €531,862
of which Other amounts receivable: +€16,853
- Tangible fixed assets -€10,967
down €10,967 (-20.3%), from €54,010 to €43,043
of which Furniture and vehicles: -€12,164
- Trade debts +€90,451
up €90,451 (+50.1%), from €180,571 to €271,022
- Tax, wage and social debts -€79,368
down €79,368 (-45.1%), from €175,868 to €96,500
of which Remuneration and social security: -€50,803
- Reserves +€33,104
up €33,104 (+31.1%), from €106,389 to €139,493
of which Distributable reserves: +€33,104
- Debts after one year -€29,079
no longer reported in 2025 (was €29,079)
- Current portion of long-term debt -€12,969
down €12,969 (-33.5%), from €38,750 to €25,781
- Gross operating margin +€38,112
up €38,112 (+5.2%), from €736,898 to €775,010
- Staff costs +€18,616
up €18,616 (+2.8%), from €665,034 to €683,650
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.
Cash bridge derived
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 | €586,866 | €591,922 | +€5,056 | +0.9% |
| Fixed assets | 21/28 | €54,010 | €43,043 | -€10,967 | -20.3% |
| Tangible fixed assets | 22/27 | €54,010 | €43,043 | -€10,967 | -20.3% |
| Plant, machinery and equipment | 23 | - | €3,423 | +€3,423 | |
| Furniture and vehicles | 24 | €36,957 | €24,793 | -€12,164 | -32.9% |
| Other tangible fixed assets | 26 | €17,053 | €14,826 | -€2,227 | -13.1% |
| Current assets | 29/58 | €532,856 | €548,879 | +€16,023 | +3.0% |
| Stocks and contracts in progress | 3 | €1,801 | €1,476 | -€325 | -18.1% |
| Stocks | 30/36 | €1,801 | €1,476 | -€325 | -18.1% |
| Amounts receivable within one year | 40/41 | €514,042 | €531,862 | +€17,820 | +3.5% |
| Trade receivables | 40 | €833 | €1,800 | +€967 | +116.1% |
| Other amounts receivable | 41 | €513,209 | €530,062 | +€16,853 | +3.3% |
| Cash at bank and in hand | 54/58 | €15,211 | €14,077 | -€1,134 | -7.5% |
| Deferred charges and accrued income | 490/1 | €1,802 | €1,464 | -€338 | -18.8% |
| Total equity and liabilities | 10/49 | €586,866 | €591,922 | +€5,056 | +0.9% |
| Equity | 10/15 | €118,789 | €151,893 | +€33,104 | +27.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €106,389 | €139,493 | +€33,104 | +31.1% |
| Non-distributable reserves | 130/1 | €1,021 | €1,021 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,021 | €1,021 | -€0 | 0.0% |
| Distributable reserves | 133 | €105,368 | €138,472 | +€33,104 | +31.4% |
| Amounts payable | 17/49 | €468,077 | €440,029 | -€28,048 | -6.0% |
| Amounts payable after more than one year | 17 | €29,079 | - | -€29,079 | |
| Financial debts | 170/4 | €29,079 | - | -€29,079 | |
| Amounts payable within one year | 42/48 | €438,998 | €440,029 | +€1,031 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €38,750 | €25,781 | -€12,969 | -33.5% |
| Financial debts | 43 | €12,479 | €10,080 | -€2,399 | -19.2% |
| Credit institutions | 430/8 | €12,479 | €10,080 | -€2,399 | -19.2% |
| Trade debts | 44 | €180,571 | €271,022 | +€90,451 | +50.1% |
| Suppliers | 440/4 | €180,571 | €271,022 | +€90,451 | +50.1% |
| Taxes, remuneration and social security | 45 | €175,868 | €96,500 | -€79,368 | -45.1% |
| Taxes | 450/3 | €53,071 | €24,506 | -€28,565 | -53.8% |
| Remuneration and social security | 454/9 | €122,797 | €71,994 | -€50,803 | -41.4% |
| Other amounts payable | 47/48 | €31,330 | €36,646 | +€5,316 | +17.0% |
| Non-recurring operating income | 76A | €1,438 | €1,296 | -€142 | -9.9% |
| Remuneration, social security and pensions | 62 | €665,034 | €683,650 | +€18,616 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,197 | €19,378 | +€1,181 | +6.5% |
| Other operating charges | 640/8 | €1,984 | €2,807 | +€823 | +41.5% |
| Non-recurring operating charges | 66A | €5,987 | - | -€5,987 | |
| Gross operating margin | 9900 | €736,898 | €775,010 | +€38,112 | +5.2% |
| Operating profit (loss) | 9901 | €45,696 | €69,175 | +€23,479 | +51.4% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €22,969 | €19,193 | -€3,776 | -16.4% |
| Recurring financial charges | 65 | €22,969 | €19,193 | -€3,776 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €22,727 | €49,987 | +€27,260 | +119.9% |
| Income taxes | 67/77 | €12,630 | €16,883 | +€4,253 | +33.7% |
| Profit (loss) for the period | 9904 | €10,097 | €33,104 | +€23,007 | +227.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,097 | €33,104 | +€23,007 | +227.9% |
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 10 October 2026 via checked.be.