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HAB: what changed

Two fiscal 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.

What changed

HAB

BE 0548.866.580
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4,612
2024 · -€34,291+€29,679
Equity
-€170,890
2024 · -€166,278-€4,612
Cash
€43,497
2024 · €48,819-€5,322
Balance sheet total
€43,891
2024 · €50,784-€6,893

Largest movements

2024 to 2025
Assets
  • Cash -€5,322

    down €5,322 (-10.9%), from €48,819 to €43,497

    mainly Net result for the year (-€4,612) and Trade debts (-€1,794)

  • Receivables within one year -€1,880

    down €1,880 (-95.7%), from €1,965 to €85

    of which Trade receivables: -€1,526

Equity and liabilities
  • Profit (loss) carried forward -€4,612

    down €4,612 (-2.0%), from -€226,278 to -€230,890

  • Trade debts -€1,794

    down €1,794 (-43.8%), from €4,099 to €2,305

Income statement
  • Gross operating margin +€22,180

    up €22,180 (+90.3%), from -€24,569 to -€2,389

  • Financial charges -€7,602

    down €7,602 (-80.7%), from €9,425 to €1,823

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€34,291
Gross operating margin +€22,180
Other operating charges -€12
Financial income -€91
Financial charges +€7,602
Result 2025 -€4,612

Cash bridge derived

cash 2024 to 2025

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.

From operations -€5,322
Investment €0
Financing €0
Cash 2024 €48,819
Net result for the year -€4,612
Receivables within one year +€1,880
Deferred charges and accrued income -€309
Trade debts -€1,794
Accrued charges and deferred income -€487
Cash 2025 €43,497
Every line side by side 37 lines
Line Code 2024 2025 Change %
Total assets 20/58 €50,784 €43,891 -€6,893 -13.6%
Fixed assets 21/28 €0 - =
Financial fixed assets 28 €0 - =
Current assets 29/58 €50,784 €43,891 -€6,893 -13.6%
Stocks and contracts in progress 3 €0 - =
Stocks 30/36 €0 - =
Amounts receivable within one year 40/41 €1,965 €85 -€1,880 -95.7%
Trade receivables 40 €1,526 €0 -€1,526 -100.0%
Other amounts receivable 41 €439 €85 -€354 -80.6%
Cash at bank and in hand 54/58 €48,819 €43,497 -€5,322 -10.9%
Deferred charges and accrued income 490/1 - €309 +€309
Total equity and liabilities 10/49 €50,784 €43,891 -€6,893 -13.6%
Equity 10/15 -€166,278 -€170,890 -€4,612 -2.8%
Contributions 10/11 €60,000 €60,000 = 0.0%
Profit (loss) carried forward 14 -€226,278 -€230,890 -€4,612 -2.0%
Provisions and deferred taxes 16 €114,927 €114,927 = 0.0%
Provisions for liabilities and charges 160/5 €114,927 €114,927 = 0.0%
Other liabilities and charges 164/5 €114,927 €114,927 = 0.0%
Amounts payable 17/49 €102,135 €99,854 -€2,281 -2.2%
Amounts payable after more than one year 17 €97,282 €97,282 = 0.0%
Other amounts payable 178/9 €97,282 €97,282 = 0.0%
Amounts payable within one year 42/48 €4,099 €2,305 -€1,794 -43.8%
Financial debts 43 €0 - =
Credit institutions 430/8 €0 - =
Trade debts 44 €4,099 €2,305 -€1,794 -43.8%
Suppliers 440/4 €4,099 €2,305 -€1,794 -43.8%
Accrued charges and deferred income 492/3 €755 €268 -€487 -64.5%
Other operating charges 640/8 €387 €400 +€12 +3.2%
Gross operating margin 9900 -€24,569 -€2,389 +€22,180 +90.3%
Operating profit (loss) 9901 -€24,957 -€2,789 +€22,168 +88.8%
Financial income 75/76B €91 €0 -€91 -100.0%
Recurring financial income 75 €91 €0 -€91 -100.0%
Financial charges 65/66B €9,425 €1,823 -€7,602 -80.7%
Recurring financial charges 65 €9,425 €1,823 -€7,602 -80.7%
Profit (loss) for the period before taxes 9903 -€34,291 -€4,612 +€29,679 +86.6%
Profit (loss) for the period 9904 -€34,291 -€4,612 +€29,679 +86.6%
Profit (loss) for the period to be appropriated 9905 -€34,291 -€4,612 +€29,679 +86.6%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.