NEW HARO: 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.
NEW HARO
Largest movements
- Cash +€102,916
up €102,916 (+69.8%), from €147,436 to €250,352
mainly Investment in fixed assets (net) (+€44,344) and Net result for the year (+€43,316)
- Tangible fixed assets -€62,995
no longer reported in 2025 (was €62,995)
- Receivables within one year -€16,613
down €16,613 (-8.4%), from €198,954 to €182,341
of which Trade receivables: -€24,383
- Stocks and contracts -€6,191
down €6,191 (-58.9%), from €10,517 to €4,326
- Reserves +€43,316
up €43,316 (+55.3%), from €78,326 to €121,642
of which Distributable reserves: +€43,316
- Other debts -€19,199
down €19,199 (-91.6%), from €20,950 to €1,751
- Trade debts -€8,009
down €8,009 (-7.1%), from €113,237 to €105,229
- Gross operating margin +€28,389
up €28,389 (+16.3%), from €174,550 to €202,939
- Taxes +€9,776
up €9,776 (+88.8%), from €11,004 to €20,780
- Other operating charges +€5,265
up €5,265 (+2,252%), from €234 to €5,498
- Depreciation -€2,516
down €2,516 (-11.9%), from €21,167 to €18,651
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 | €428,910 | €446,219 | +€17,309 | +4.0% |
| Fixed assets | 21/28 | €69,405 | €6,410 | -€62,995 | -90.8% |
| Tangible fixed assets | 22/27 | €62,995 | - | -€62,995 | |
| Furniture and vehicles | 24 | €62,995 | - | -€62,995 | |
| Financial fixed assets | 28 | €6,410 | €6,410 | = | 0.0% |
| Current assets | 29/58 | €359,505 | €439,809 | +€80,304 | +22.3% |
| Stocks and contracts in progress | 3 | €10,517 | €4,326 | -€6,191 | -58.9% |
| Stocks | 30/36 | €10,517 | €4,326 | -€6,191 | -58.9% |
| Amounts receivable within one year | 40/41 | €198,954 | €182,341 | -€16,613 | -8.4% |
| Trade receivables | 40 | €174,028 | €149,645 | -€24,383 | -14.0% |
| Other amounts receivable | 41 | €24,927 | €32,696 | +€7,769 | +31.2% |
| Cash at bank and in hand | 54/58 | €147,436 | €250,352 | +€102,916 | +69.8% |
| Deferred charges and accrued income | 490/1 | €2,598 | €2,790 | +€192 | +7.4% |
| Total equity and liabilities | 10/49 | €428,910 | €446,219 | +€17,309 | +4.0% |
| Equity | 10/15 | €140,326 | €183,642 | +€43,316 | +30.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €78,326 | €121,642 | +€43,316 | +55.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €72,126 | €115,442 | +€43,316 | +60.1% |
| Amounts payable | 17/49 | €288,584 | €262,577 | -€26,007 | -9.0% |
| Amounts payable after more than one year | 17 | €62,000 | €62,000 | = | 0.0% |
| Other amounts payable | 178/9 | €62,000 | €62,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €222,497 | €196,488 | -€26,009 | -11.7% |
| Trade debts | 44 | €113,237 | €105,229 | -€8,009 | -7.1% |
| Suppliers | 440/4 | €113,237 | €105,229 | -€8,009 | -7.1% |
| Taxes, remuneration and social security | 45 | €88,309 | €89,508 | +€1,199 | +1.4% |
| Taxes | 450/3 | €77,578 | €72,667 | -€4,911 | -6.3% |
| Remuneration and social security | 454/9 | €10,731 | €16,841 | +€6,110 | +56.9% |
| Other amounts payable | 47/48 | €20,950 | €1,751 | -€19,199 | -91.6% |
| Accrued charges and deferred income | 492/3 | €4,088 | €4,089 | +€2 | 0.0% |
| Remuneration, social security and pensions | 62 | €111,872 | €112,987 | +€1,114 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,167 | €18,651 | -€2,516 | -11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27 | - | +€27 | |
| Other operating charges | 640/8 | €234 | €5,498 | +€5,265 | +2,252% |
| Gross operating margin | 9900 | €174,550 | €202,939 | +€28,389 | +16.3% |
| Operating profit (loss) | 9901 | €41,303 | €65,802 | +€24,499 | +59.3% |
| Financial income | 75/76B | €5,295 | €3,682 | -€1,612 | -30.5% |
| Recurring financial income | 75 | €5,295 | €3,682 | -€1,612 | -30.5% |
| Financial charges | 65/66B | €6,677 | €5,389 | -€1,289 | -19.3% |
| Recurring financial charges | 65 | €6,677 | €5,389 | -€1,289 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €39,921 | €64,096 | +€24,175 | +60.6% |
| Income taxes | 67/77 | €11,004 | €20,780 | +€9,776 | +88.8% |
| Profit (loss) for the period | 9904 | €28,917 | €43,316 | +€14,399 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,917 | €43,316 | +€14,399 | +49.8% |
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 18 October 2026 via checked.be.