HABEMA: 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.
HABEMA
Largest movements
- Tangible fixed assets -€154,212
down €154,212 (-10.3%), from €1.5m to €1.3m
of which Land and buildings: -€151,921
- Cash +€20,122
new in 2025: €20,122
mainly Investment in fixed assets (net) (+€154,212) and Contributions, distributions and other (+€32,437)
- Debts after one year -€166,551
down €166,551 (-20.8%), from €799,143 to €632,592
- Trade debts -€41,793
down €41,793 (-97.0%), from €43,087 to €1,294
- Reserves +€32,620
up €32,620 (+11.1%), from €294,472 to €327,092
of which Tax-exempt reserves: +€32,620
- Profit (loss) carried forward +€30,782
up €30,782 (+1.8%), from -€1.8m to -€1.7m
- Depreciation -€25,146
no longer reported in 2025 (was €25,146)
- Other operating charges -€10,056
down €10,056 (-79.2%), from €12,691 to €2,635
- Taxes +€9,478
up €9,478 (+462%), from €2,052 to €11,530
- Gross operating margin -€8,431
down €8,431 (-9.2%), from €91,395 to €82,964
- Financial charges -€8,029
down €8,029 (-17.4%), from €46,208 to €38,180
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 | €1,503,485 | €1,364,906 | -€138,580 | -9.2% |
| Fixed assets | 21/28 | €1,498,454 | €1,344,242 | -€154,212 | -10.3% |
| Tangible fixed assets | 22/27 | €1,498,454 | €1,344,242 | -€154,212 | -10.3% |
| Land and buildings | 22 | €1,496,162 | €1,344,242 | -€151,921 | -10.2% |
| Plant, machinery and equipment | 23 | €2,292 | - | -€2,292 | |
| Current assets | 29/58 | €5,031 | €20,664 | +€15,633 | +311% |
| Amounts receivable within one year | 40/41 | €5,031 | €542 | -€4,490 | -89.2% |
| Other amounts receivable | 41 | €5,031 | €542 | -€4,490 | -89.2% |
| Cash at bank and in hand | 54/58 | - | €20,122 | +€20,122 | |
| Total equity and liabilities | 10/49 | €1,503,485 | €1,364,906 | -€138,580 | -9.2% |
| Equity | 10/15 | €617,525 | €680,744 | +€63,219 | +10.2% |
| Contributions | 10/11 | €775,000 | €775,000 | = | 0.0% |
| Capital | 10 | €775,000 | €775,000 | = | 0.0% |
| Issued capital | 100 | €1,300,000 | €1,300,000 | = | 0.0% |
| Uncalled capital | 101 | €525,000 | €525,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,300,000 | €1,300,000 | = | 0.0% |
| Reserves | 13 | €294,472 | €327,092 | +€32,620 | +11.1% |
| Non-distributable reserves | 130/1 | €1,561 | €1,561 | = | 0.0% |
| Legal reserve | 130 | €1,561 | €1,561 | = | 0.0% |
| Tax-exempt reserves | 132 | €292,329 | €324,949 | +€32,620 | +11.2% |
| Distributable reserves | 133 | €582 | €582 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,755,659 | -€1,724,877 | +€30,782 | +1.8% |
| Investment grants | 15 | €3,713 | €3,530 | -€183 | -4.9% |
| Provisions and deferred taxes | 16 | - | €10,873 | +€10,873 | |
| Deferred taxes | 168 | - | €10,873 | +€10,873 | |
| Amounts payable | 17/49 | €885,960 | €673,288 | -€212,672 | -24.0% |
| Amounts payable after more than one year | 17 | €799,143 | €632,592 | -€166,551 | -20.8% |
| Financial debts | 170/4 | €799,143 | €632,592 | -€166,551 | -20.8% |
| Amounts payable within one year | 42/48 | €86,817 | €40,696 | -€46,121 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €31,622 | €26,551 | -€5,071 | -16.0% |
| Financial debts | 43 | €9,348 | - | -€9,348 | |
| Credit institutions | 430/8 | €9,348 | - | -€9,348 | |
| Trade debts | 44 | €43,087 | €1,294 | -€41,793 | -97.0% |
| Suppliers | 440/4 | €43,087 | €1,294 | -€41,793 | -97.0% |
| Taxes, remuneration and social security | 45 | €2,760 | €12,851 | +€10,090 | +366% |
| Taxes | 450/3 | €2,760 | €12,851 | +€10,090 | +366% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,146 | - | -€25,146 | |
| Other operating charges | 640/8 | €12,691 | €2,635 | -€10,056 | -79.2% |
| Non-recurring operating charges | 66A | - | €20 | +€20 | |
| Gross operating margin | 9900 | €91,395 | €82,964 | -€8,431 | -9.2% |
| Operating profit (loss) | 9901 | €53,558 | €80,309 | +€26,751 | +49.9% |
| Financial charges | 65/66B | €46,208 | €38,180 | -€8,029 | -17.4% |
| Recurring financial charges | 65 | €46,208 | €38,180 | -€8,029 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €7,349 | €42,129 | +€34,780 | +473% |
| Transfer from deferred taxes | 780 | €183 | €183 | = | 0.0% |
| Income taxes | 67/77 | €2,052 | €11,530 | +€9,478 | +462% |
| Profit (loss) for the period | 9904 | €5,479 | €30,782 | +€25,302 | +462% |
| Profit (loss) for the period to be appropriated | 9905 | €5,479 | €30,782 | +€25,302 | +462% |
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 25 October 2026 via checked.be.