HABECON: 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.
HABECON
Largest movements
- Cash +€47,994
up €47,994 (+219.0%), from €21,915 to €69,909
mainly Net result for the year (+€44,768) and Tax, wage and social debts (+€12,694)
- Tangible fixed assets -€6,032
down €6,032 (-41.5%), from €14,544 to €8,512
- Receivables within one year +€5,922
up €5,922 (+202.5%), from €2,925 to €8,847
- Reserves +€44,768
up €44,768 (+476.3%), from €9,399 to €54,167
- Tax, wage and social debts +€12,694
up €12,694 (+130.9%), from €9,695 to €22,389
of which Taxes: +€10,194
- Other debts -€9,811
down €9,811 (-49.0%), from €20,012 to €10,201
- Gross operating margin +€47,464
up €47,464 (+284.7%), from €16,673 to €64,137
- Taxes +€9,362
up €9,362 (+309.3%), from €3,027 to €12,389
- Depreciation +€2,479
up €2,479 (+69.8%), from €3,553 to €6,032
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.
Cash bridge derived
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 | €40,359 | €88,067 | +€47,708 | +118.2% |
| Fixed assets | 21/28 | €14,544 | €8,512 | -€6,032 | -41.5% |
| Tangible fixed assets | 22/27 | €14,544 | €8,512 | -€6,032 | -41.5% |
| Furniture and vehicles | 24 | €14,544 | €8,512 | -€6,032 | -41.5% |
| Current assets | 29/58 | €25,815 | €79,555 | +€53,740 | +208.2% |
| Amounts receivable within one year | 40/41 | €2,925 | €8,847 | +€5,922 | +202.5% |
| Trade receivables | 40 | €2,925 | €8,847 | +€5,922 | +202.5% |
| Cash at bank and in hand | 54/58 | €21,915 | €69,909 | +€47,994 | +219.0% |
| Deferred charges and accrued income | 490/1 | €975 | €799 | -€177 | -18.1% |
| Total equity and liabilities | 10/49 | €40,359 | €88,067 | +€47,708 | +118.2% |
| Equity | 10/15 | €10,399 | €55,167 | +€44,768 | +430.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,399 | €54,167 | +€44,768 | +476.3% |
| Distributable reserves | 133 | €9,399 | €54,167 | +€44,768 | +476.3% |
| Amounts payable | 17/49 | €29,960 | €32,900 | +€2,940 | +9.8% |
| Amounts payable within one year | 42/48 | €29,960 | €32,647 | +€2,687 | +9.0% |
| Trade debts | 44 | €253 | €57 | -€196 | -77.5% |
| Suppliers | 440/4 | €253 | €57 | -€196 | -77.5% |
| Taxes, remuneration and social security | 45 | €9,695 | €22,389 | +€12,694 | +130.9% |
| Taxes | 450/3 | €9,695 | €19,889 | +€10,194 | +105.1% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €20,012 | €10,201 | -€9,811 | -49.0% |
| Accrued charges and deferred income | 492/3 | - | €253 | +€253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,553 | €6,032 | +€2,479 | +69.8% |
| Other operating charges | 640/8 | €688 | €887 | +€200 | +29.0% |
| Gross operating margin | 9900 | €16,673 | €64,137 | +€47,464 | +284.7% |
| Operating profit (loss) | 9901 | €12,432 | €57,218 | +€44,785 | +360.2% |
| Financial charges | 65/66B | €6 | €61 | +€55 | +933.9% |
| Recurring financial charges | 65 | €6 | €61 | +€55 | +933.9% |
| Profit (loss) for the period before taxes | 9903 | €12,426 | €57,157 | +€44,730 | +360.0% |
| Income taxes | 67/77 | €3,027 | €12,389 | +€9,362 | +309.3% |
| Profit (loss) for the period | 9904 | €9,399 | €44,768 | +€35,369 | +376.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,399 | €44,768 | +€35,369 | +376.3% |
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 5 October 2026 via checked.be.