HAREMA: what changed
HAREMA
Largest movements
- Cash +€469,922
up €469,922 (+1,389%), from €33,842 to €503,764
mainly Net result for the year (+€497,532) and Investment in fixed assets (net) (+€5,278)
- Receivables within one year +€8,596
up €8,596 (+1,228%), from €700 to €9,296
- Tangible fixed assets -€5,278
no longer reported in 2026 (was €5,278)
of which Plant, machinery and equipment: -€4,940
- Reserves +€497,500
up €497,500 (+3,210%), from €15,500 to €513,000
of which Distributable reserves: +€506,000
- Profit (loss) carried forward -€8,604
no longer reported in 2026 (was €8,604)
- Other debts -€7,706
no longer reported in 2026 (was €7,706)
- Gross operating margin +€701,817
up €701,817 (+2,167%), from €32,381 to €734,198
- Taxes +€228,059
up €228,059 (+3,001%), from €7,599 to €235,658
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,820 | €513,060 | +€473,240 | +1,188% |
| Fixed assets | 21/28 | €5,278 | - | -€5,278 | |
| Tangible fixed assets | 22/27 | €5,278 | - | -€5,278 | |
| Plant, machinery and equipment | 23 | €4,940 | - | -€4,940 | |
| Furniture and vehicles | 24 | €338 | - | -€338 | |
| Current assets | 29/58 | €34,542 | €513,060 | +€478,518 | +1,385% |
| Amounts receivable within one year | 40/41 | €700 | €9,296 | +€8,596 | +1,228% |
| Other amounts receivable | 41 | €700 | €9,296 | +€8,596 | +1,228% |
| Cash at bank and in hand | 54/58 | €33,842 | €503,764 | +€469,922 | +1,389% |
| Total equity and liabilities | 10/49 | €39,820 | €513,060 | +€473,240 | +1,188% |
| Equity | 10/15 | €24,164 | €513,060 | +€488,896 | +2,023% |
| Contributions | 10/11 | €60 | €60 | = | 0.0% |
| Reserves | 13 | €15,500 | €513,000 | +€497,500 | +3,210% |
| Tax-exempt reserves | 132 | €8,500 | - | -€8,500 | |
| Distributable reserves | 133 | €7,000 | €513,000 | +€506,000 | +7,229% |
| Profit (loss) carried forward | 14 | €8,604 | - | -€8,604 | |
| Amounts payable | 17/49 | €15,656 | - | -€15,656 | |
| Amounts payable within one year | 42/48 | €11,490 | - | -€11,490 | |
| Trade debts | 44 | €2,215 | - | -€2,215 | |
| Suppliers | 440/4 | €2,215 | - | -€2,215 | |
| Taxes, remuneration and social security | 45 | €1,568 | - | -€1,568 | |
| Taxes | 450/3 | €1,568 | - | -€1,568 | |
| Other amounts payable | 47/48 | €7,706 | - | -€7,706 | |
| Accrued charges and deferred income | 492/3 | €4,167 | - | -€4,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,333 | - | -€6,333 | |
| Other operating charges | 640/8 | €1,205 | €961 | -€244 | -20.2% |
| Gross operating margin | 9900 | €32,381 | €734,198 | +€701,817 | +2,167% |
| Operating profit (loss) | 9901 | €24,843 | €733,237 | +€708,394 | +2,852% |
| Financial income | 75/76B | €267 | €103 | -€163 | -61.2% |
| Recurring financial income | 75 | €267 | €32 | -€235 | -88.1% |
| Non-recurring financial income | 76B | - | €72 | +€72 | |
| Financial charges | 65/66B | €240 | €150 | -€90 | -37.5% |
| Recurring financial charges | 65 | €240 | €150 | -€90 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €24,869 | €733,191 | +€708,321 | +2,848% |
| Income taxes | 67/77 | €7,599 | €235,658 | +€228,059 | +3,001% |
| Profit (loss) for the period | 9904 | €17,270 | €497,532 | +€480,263 | +2,781% |
| Transfer from tax-exempt reserves | 789 | - | €8,500 | +€8,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,270 | €506,032 | +€488,763 | +2,830% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.