Dr. Habryialian: 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.
Dr. Habryialian
Largest movements
- Receivables within one year -€65,099
down €65,099 (-47.9%), from €135,984 to €70,885
- Cash +€38,009
up €38,009 (+23.2%), from €163,612 to €201,621
mainly Net result for the year (+€101,481) and Receivables within one year (+€65,099)
- Other debts -€17,817
down €17,817 (-14.9%), from €119,299 to €101,481
- Tax, wage and social debts -€11,322
no longer reported in 2025 (was €11,322)
- Gross operating margin -€27,044
down €27,044 (-17.7%), from €152,383 to €125,339
- Taxes -€13,010
down €13,010 (-31.4%), from €41,379 to €28,369
- Financial income -€4,110
down €4,110 (-41.1%), from €9,996 to €5,886
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 | €300,667 | €272,740 | -€27,927 | -9.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,072 | €234 | -€838 | -78.2% |
| Tangible fixed assets | 22/27 | €1,072 | €234 | -€838 | -78.2% |
| Furniture and vehicles | 24 | €1,072 | €234 | -€838 | -78.2% |
| Current assets | 29/58 | €299,596 | €272,506 | -€27,089 | -9.0% |
| Amounts receivable within one year | 40/41 | €135,984 | €70,885 | -€65,099 | -47.9% |
| Other amounts receivable | 41 | €135,984 | €70,885 | -€65,099 | -47.9% |
| Cash at bank and in hand | 54/58 | €163,612 | €201,621 | +€38,009 | +23.2% |
| Total equity and liabilities | 10/49 | €300,667 | €272,740 | -€27,927 | -9.3% |
| Equity | 10/15 | €168,718 | €168,718 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €165,718 | €165,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €165,418 | €165,418 | = | 0.0% |
| Amounts payable | 17/49 | €131,949 | €104,022 | -€27,927 | -21.2% |
| Amounts payable within one year | 42/48 | €131,949 | €104,022 | -€27,927 | -21.2% |
| Trade debts | 44 | €1,329 | €2,541 | +€1,212 | +91.2% |
| Suppliers | 440/4 | €1,329 | €2,541 | +€1,212 | +91.2% |
| Taxes, remuneration and social security | 45 | €11,322 | - | -€11,322 | |
| Taxes | 450/3 | €11,322 | - | -€11,322 | |
| Other amounts payable | 47/48 | €119,299 | €101,481 | -€17,817 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €838 | -€152 | -15.4% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €152,383 | €125,339 | -€27,044 | -17.7% |
| Operating profit (loss) | 9901 | €150,943 | €124,039 | -€26,904 | -17.8% |
| Financial income | 75/76B | €9,996 | €5,886 | -€4,110 | -41.1% |
| Recurring financial income | 75 | €9,996 | €5,886 | -€4,110 | -41.1% |
| Financial charges | 65/66B | €262 | €75 | -€187 | -71.3% |
| Recurring financial charges | 65 | €262 | €75 | -€187 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €160,678 | €129,850 | -€30,827 | -19.2% |
| Income taxes | 67/77 | €41,379 | €28,369 | -€13,010 | -31.4% |
| Profit (loss) for the period | 9904 | €119,299 | €101,481 | -€17,817 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €119,299 | €101,481 | -€17,817 | -14.9% |
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 30 October 2026 via checked.be.