NICOLAS HARMEL SRL: 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.
NICOLAS HARMEL SRL
Largest movements
- Cash +€37,844
up €37,844 (+73.2%), from €51,710 to €89,553
mainly Other debts (+€81,087) and Net result for the year (+€22,699)
- Tangible fixed assets -€14,847
down €14,847 (-23.8%), from €62,411 to €47,564
of which Furniture and vehicles: -€13,517
- Receivables within one year -€13,308
down €13,308 (-75.7%), from €17,578 to €4,269
of which Trade receivables: -€13,447
- Deferred charges and accrued income +€1,829
up €1,829 (+189%), from €965 to €2,794
- Other debts +€81,087
up €81,087 (+2,813%), from €2,883 to €83,970
- Profit (loss) carried forward -€74,837
down €74,837 (-76.7%), from €97,536 to €22,699
- Tax, wage and social debts +€10,558
up €10,558 (+68.2%), from €15,484 to €26,041
of which Taxes: +€8,022
- Debts after one year -€5,330
down €5,330 (-85.6%), from €6,224 to €894
- Current portion of long-term debt -€1,457
down €1,457 (-21.5%), from €6,787 to €5,330
- Gross operating margin +€13,561
up €13,561 (+35.5%), from €38,173 to €51,734
- Taxes +€3,223
up €3,223 (+47.6%), from €6,768 to €9,990
- Depreciation +€1,375
up €1,375 (+8.4%), from €16,462 to €17,837
- Other operating charges -€607
down €607 (-38.2%), from €1,589 to €982
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 | €132,664 | €144,180 | +€11,517 | +8.7% |
| Fixed assets | 21/28 | €62,411 | €47,564 | -€14,847 | -23.8% |
| Tangible fixed assets | 22/27 | €62,411 | €47,564 | -€14,847 | -23.8% |
| Furniture and vehicles | 24 | €29,624 | €16,108 | -€13,517 | -45.6% |
| Other tangible fixed assets | 26 | €32,787 | €31,457 | -€1,330 | -4.1% |
| Current assets | 29/58 | €70,252 | €96,616 | +€26,364 | +37.5% |
| Amounts receivable within one year | 40/41 | €17,578 | €4,269 | -€13,308 | -75.7% |
| Trade receivables | 40 | €14,242 | €795 | -€13,447 | -94.4% |
| Other amounts receivable | 41 | €3,336 | €3,474 | +€138 | +4.1% |
| Cash at bank and in hand | 54/58 | €51,710 | €89,553 | +€37,844 | +73.2% |
| Deferred charges and accrued income | 490/1 | €965 | €2,794 | +€1,829 | +189% |
| Total equity and liabilities | 10/49 | €132,664 | €144,180 | +€11,517 | +8.7% |
| Equity | 10/15 | €100,036 | €25,199 | -€74,837 | -74.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,536 | €22,699 | -€74,837 | -76.7% |
| Amounts payable | 17/49 | €32,628 | €118,981 | +€86,353 | +265% |
| Amounts payable after more than one year | 17 | €6,224 | €894 | -€5,330 | -85.6% |
| Financial debts | 170/4 | €6,224 | €894 | -€5,330 | -85.6% |
| Amounts payable within one year | 42/48 | €25,153 | €116,297 | +€91,144 | +362% |
| Current portion of amounts payable after more than one year | 42 | €6,787 | €5,330 | -€1,457 | -21.5% |
| Trade debts | 44 | €0 | €956 | +€956 | |
| Suppliers | 440/4 | €0 | €956 | +€956 | |
| Taxes, remuneration and social security | 45 | €15,484 | €26,041 | +€10,558 | +68.2% |
| Taxes | 450/3 | €15,484 | €23,506 | +€8,022 | +51.8% |
| Remuneration and social security | 454/9 | - | €2,536 | +€2,536 | |
| Other amounts payable | 47/48 | €2,883 | €83,970 | +€81,087 | +2,813% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,790 | +€540 | +43.2% |
| Remuneration, social security and pensions | 62 | €295 | €0 | -€295 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,462 | €17,837 | +€1,375 | +8.4% |
| Other operating charges | 640/8 | €1,589 | €982 | -€607 | -38.2% |
| Gross operating margin | 9900 | €38,173 | €51,734 | +€13,561 | +35.5% |
| Operating profit (loss) | 9901 | €19,828 | €32,915 | +€13,088 | +66.0% |
| Financial income | 75/76B | €472 | €496 | +€25 | +5.2% |
| Recurring financial income | 75 | €472 | €496 | +€25 | +5.2% |
| Financial charges | 65/66B | €596 | €722 | +€126 | +21.2% |
| Recurring financial charges | 65 | €596 | €722 | +€126 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €19,703 | €32,690 | +€12,986 | +65.9% |
| Income taxes | 67/77 | €6,768 | €9,990 | +€3,223 | +47.6% |
| Profit (loss) for the period | 9904 | €12,936 | €22,699 | +€9,763 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,936 | €22,699 | +€9,763 | +75.5% |
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 21 October 2026 via checked.be.