HABIBI: 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.
HABIBI
Largest movements
- Cash +€18,552
up €18,552 (+20.0%), from €92,652 to €111,203
mainly Net result for the year (+€36,706) and Depreciation (+€9,043)
- Tangible fixed assets -€9,043
down €9,043 (-33.0%), from €27,363 to €18,320
of which Plant, machinery and equipment: -€5,176
- Deferred charges and accrued income +€2,832
up €2,832, from €0 to €2,832
- Receivables within one year +€2,035
up €2,035 (+46.6%), from €4,371 to €6,406
of which Trade receivables: +€2,855
- Profit (loss) carried forward +€27,856
up €27,856 (+51.0%), from €54,641 to €82,498
- Current portion of long-term debt -€4,535
down €4,535 (-57.7%), from €7,860 to €3,325
- Trade debts -€3,719
down €3,719 (-20.8%), from €17,853 to €14,134
- Debts after one year -€3,325
down €3,325 (-51.0%), from €6,519 to €3,194
- Tax, wage and social debts -€3,270
down €3,270 (-17.4%), from €18,822 to €15,551
of which Taxes: -€4,020
- Gross operating margin +€12,508
up €12,508 (+11.6%), from €107,679 to €120,188
- Staff costs +€11,844
up €11,844 (+22.6%), from €52,418 to €64,262
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 | €130,864 | €144,209 | +€13,345 | +10.2% |
| Fixed assets | 21/28 | €27,363 | €18,320 | -€9,043 | -33.0% |
| Tangible fixed assets | 22/27 | €27,363 | €18,320 | -€9,043 | -33.0% |
| Plant, machinery and equipment | 23 | €17,583 | €12,406 | -€5,176 | -29.4% |
| Furniture and vehicles | 24 | €9,780 | €5,914 | -€3,867 | -39.5% |
| Current assets | 29/58 | €103,501 | €125,889 | +€22,388 | +21.6% |
| Stocks and contracts in progress | 3 | €6,479 | €5,448 | -€1,031 | -15.9% |
| Stocks | 30/36 | €6,479 | €5,448 | -€1,031 | -15.9% |
| Amounts receivable within one year | 40/41 | €4,371 | €6,406 | +€2,035 | +46.6% |
| Trade receivables | 40 | €3,531 | €6,386 | +€2,855 | +80.8% |
| Other amounts receivable | 41 | €839 | €20 | -€819 | -97.6% |
| Cash at bank and in hand | 54/58 | €92,652 | €111,203 | +€18,552 | +20.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,832 | +€2,832 | |
| Total equity and liabilities | 10/49 | €130,864 | €144,209 | +€13,345 | +10.2% |
| Equity | 10/15 | €77,641 | €105,498 | +€27,856 | +35.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,641 | €82,498 | +€27,856 | +51.0% |
| Amounts payable | 17/49 | €53,223 | €38,711 | -€14,512 | -27.3% |
| Amounts payable after more than one year | 17 | €6,519 | €3,194 | -€3,325 | -51.0% |
| Financial debts | 170/4 | €6,519 | €3,194 | -€3,325 | -51.0% |
| Amounts payable within one year | 42/48 | €46,704 | €35,517 | -€11,187 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €7,860 | €3,325 | -€4,535 | -57.7% |
| Trade debts | 44 | €17,853 | €14,134 | -€3,719 | -20.8% |
| Suppliers | 440/4 | €17,853 | €14,134 | -€3,719 | -20.8% |
| Taxes, remuneration and social security | 45 | €18,822 | €15,551 | -€3,270 | -17.4% |
| Taxes | 450/3 | €16,075 | €12,054 | -€4,020 | -25.0% |
| Remuneration and social security | 454/9 | €2,747 | €3,497 | +€750 | +27.3% |
| Other amounts payable | 47/48 | €2,170 | €2,507 | +€337 | +15.5% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €52,418 | €64,262 | +€11,844 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,570 | €9,043 | +€473 | +5.5% |
| Other operating charges | 640/8 | €336 | €306 | -€30 | -8.9% |
| Gross operating margin | 9900 | €107,679 | €120,188 | +€12,508 | +11.6% |
| Operating profit (loss) | 9901 | €46,356 | €46,577 | +€221 | +0.5% |
| Financial income | 75/76B | €0 | €3 | +€3 | +7400.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +7400.0% |
| Financial charges | 65/66B | €1,023 | €618 | -€405 | -39.6% |
| Recurring financial charges | 65 | €1,023 | €618 | -€405 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €45,332 | €45,961 | +€629 | +1.4% |
| Income taxes | 67/77 | €9,309 | €9,255 | -€54 | -0.6% |
| Profit (loss) for the period | 9904 | €36,023 | €36,706 | +€683 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,023 | €36,706 | +€683 | +1.9% |
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 6 October 2026 via checked.be.