HABETS FRED: 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.
HABETS FRED
Largest movements
- Cash +€25,280
up €25,280 (+159%), from €15,852 to €41,132
mainly Net result for the year (+€42,369) and Tax, wage and social debts (+€11,533)
- Receivables within one year +€16,155
up €16,155 (+5.7%), from €283,562 to €299,717
of which Other amounts receivable: +€38,726
- Tangible fixed assets +€10,350
up €10,350 (+449%), from €2,306 to €12,656
of which Plant, machinery and equipment: +€7,406
- Reserves +€42,369
up €42,369 (+36.3%), from €116,614 to €158,984
of which Distributable reserves: +€42,369
- Tax, wage and social debts +€11,533
up €11,533 (+64.1%), from €18,001 to €29,534
of which Taxes: +€13,338
- Gross operating margin +€24,847
up €24,847 (+56.7%), from €43,812 to €68,659
- Taxes +€12,394
up €12,394 (+133%), from €9,304 to €21,697
- Staff costs -€2,265
down €2,265 (-19.9%), from €11,388 to €9,123
- Depreciation +€1,589
up €1,589 (+104%), from €1,530 to €3,119
- Other operating charges +€1,372
up €1,372 (+98.2%), from €1,396 to €2,768
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 | €302,833 | €354,900 | +€52,067 | +17.2% |
| Fixed assets | 21/28 | €2,306 | €12,656 | +€10,350 | +449% |
| Tangible fixed assets | 22/27 | €2,306 | €12,656 | +€10,350 | +449% |
| Plant, machinery and equipment | 23 | €1,858 | €9,264 | +€7,406 | +398% |
| Furniture and vehicles | 24 | €448 | €3,392 | +€2,944 | +657% |
| Current assets | 29/58 | €300,526 | €342,244 | +€41,718 | +13.9% |
| Amounts receivable within one year | 40/41 | €283,562 | €299,717 | +€16,155 | +5.7% |
| Trade receivables | 40 | €116,457 | €93,887 | -€22,570 | -19.4% |
| Other amounts receivable | 41 | €167,105 | €205,831 | +€38,726 | +23.2% |
| Cash at bank and in hand | 54/58 | €15,852 | €41,132 | +€25,280 | +159% |
| Deferred charges and accrued income | 490/1 | €1,113 | €1,395 | +€282 | +25.4% |
| Total equity and liabilities | 10/49 | €302,833 | €354,900 | +€52,067 | +17.2% |
| Equity | 10/15 | €220,447 | €262,817 | +€42,369 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,614 | €158,984 | +€42,369 | +36.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €114,754 | €157,124 | +€42,369 | +36.9% |
| Profit (loss) carried forward | 14 | €85,233 | €85,233 | = | 0.0% |
| Amounts payable | 17/49 | €82,385 | €92,084 | +€9,698 | +11.8% |
| Amounts payable within one year | 42/48 | €82,385 | €92,084 | +€9,698 | +11.8% |
| Trade debts | 44 | €64,384 | €62,550 | -€1,834 | -2.8% |
| Suppliers | 440/4 | €64,384 | €62,550 | -€1,834 | -2.8% |
| Taxes, remuneration and social security | 45 | €18,001 | €29,534 | +€11,533 | +64.1% |
| Taxes | 450/3 | €16,195 | €29,534 | +€13,338 | +82.4% |
| Remuneration and social security | 454/9 | €1,805 | - | -€1,805 | |
| Remuneration, social security and pensions | 62 | €11,388 | €9,123 | -€2,265 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,530 | €3,119 | +€1,589 | +104% |
| Other operating charges | 640/8 | €1,396 | €2,768 | +€1,372 | +98.2% |
| Gross operating margin | 9900 | €43,812 | €68,659 | +€24,847 | +56.7% |
| Operating profit (loss) | 9901 | €29,498 | €53,649 | +€24,151 | +81.9% |
| Financial income | 75/76B | €9,635 | €10,876 | +€1,241 | +12.9% |
| Recurring financial income | 75 | €9,635 | €10,876 | +€1,241 | +12.9% |
| Financial charges | 65/66B | €638 | €458 | -€180 | -28.2% |
| Recurring financial charges | 65 | €638 | €458 | -€180 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €38,495 | €64,066 | +€25,571 | +66.4% |
| Income taxes | 67/77 | €9,304 | €21,697 | +€12,394 | +133% |
| Profit (loss) for the period | 9904 | €29,192 | €42,369 | +€13,178 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,192 | €42,369 | +€13,178 | +45.1% |
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 24 October 2026 via checked.be.