HABIMAR: 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
HABIMAR
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3,492
2024 · -€22,108+€18,617
Equity
€117,181
2024 · €120,672-€3,492
Cash
€22,783
2024 · €24,114-€1,331
Balance sheet total
€1.9m
2024 · €2.0m-€48,840
Largest movements
Assets
- Tangible fixed assets -€47,688
down €47,688 (-2.5%), from €1.9m to €1.9m
Equity and liabilities
- Debts after one year -€82,853
down €82,853 (-6.1%), from €1.4m to €1.3m
- Other debts +€30,844
up €30,844 (+7.4%), from €417,810 to €448,655
Income statement
- Gross operating margin +€12,615
up €12,615 (+17.3%), from €73,072 to €85,687
- Financial charges -€7,002
down €7,002 (-19.1%), from €36,633 to €29,631
- Depreciation +€886
up €886 (+1.7%), from €51,560 to €52,446
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.
Result 2024
-€22,108
Gross operating margin
+€12,615
Depreciation
-€886
Other operating charges
-€115
Financial charges
+€7,002
Result 2025
-€3,492
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.
From operations
+€81,854
Investment
-€4,758
Financing
-€78,427
Cash 2024
€24,114
From operations (derived)
+€81,854
Net result for the year
-€3,492
Depreciation
+€52,446
Smaller working-capital items
-€178
Trade debts
-€515
Other debts
+€30,844
Accrued charges and deferred income
+€2,748
Investment (derived)
-€4,758
Investment in fixed assets (net)
-€4,758
Financing
-€78,427
Debts after one year
-€82,853
Current portion of long-term debt
+€4,426
Cash 2025
€22,783
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,976,697 | €1,927,856 | -€48,840 | -2.5% |
| Fixed assets | 21/28 | €1,927,409 | €1,879,721 | -€47,688 | -2.5% |
| Tangible fixed assets | 22/27 | €1,927,409 | €1,879,721 | -€47,688 | -2.5% |
| Land and buildings | 22 | €1,927,409 | €1,879,721 | -€47,688 | -2.5% |
| Current assets | 29/58 | €49,288 | €48,135 | -€1,153 | -2.3% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,308 | €13,437 | +€129 | +1.0% |
| Other amounts receivable | 41 | €13,308 | €13,437 | +€129 | +1.0% |
| Cash at bank and in hand | 54/58 | €24,114 | €22,783 | -€1,331 | -5.5% |
| Deferred charges and accrued income | 490/1 | €1,866 | €1,915 | +€49 | +2.6% |
| Total equity and liabilities | 10/49 | €1,976,697 | €1,927,856 | -€48,840 | -2.5% |
| Equity | 10/15 | €120,672 | €117,181 | -€3,492 | -2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €100,672 | €99,400 | -€1,272 | -1.3% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €94,172 | €92,900 | -€1,272 | -1.4% |
| Profit (loss) carried forward | 14 | - | -€2,219 | -€2,219 | |
| Amounts payable | 17/49 | €1,856,024 | €1,810,676 | -€45,349 | -2.4% |
| Amounts payable after more than one year | 17 | €1,351,366 | €1,268,514 | -€82,853 | -6.1% |
| Financial debts | 170/4 | €1,351,366 | €1,268,514 | -€82,853 | -6.1% |
| Amounts payable within one year | 42/48 | €494,208 | €528,964 | +€34,756 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €75,460 | €79,886 | +€4,426 | +5.9% |
| Trade debts | 44 | €938 | €423 | -€515 | -54.9% |
| Suppliers | 440/4 | €938 | €423 | -€515 | -54.9% |
| Other amounts payable | 47/48 | €417,810 | €448,655 | +€30,844 | +7.4% |
| Accrued charges and deferred income | 492/3 | €10,450 | €13,198 | +€2,748 | +26.3% |
| Non-recurring operating income | 76A | €663 | - | -€663 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,560 | €52,446 | +€886 | +1.7% |
| Other operating charges | 640/8 | €7,287 | €7,402 | +€115 | +1.6% |
| Gross operating margin | 9900 | €73,072 | €85,687 | +€12,615 | +17.3% |
| Operating profit (loss) | 9901 | €14,224 | €25,839 | +€11,615 | +81.7% |
| Financial income | 75/76B | €300 | €300 | = | 0.0% |
| Recurring financial income | 75 | €300 | €300 | = | 0.0% |
| Financial charges | 65/66B | €36,633 | €29,631 | -€7,002 | -19.1% |
| Recurring financial charges | 65 | €36,633 | €29,631 | -€7,002 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,108 | -€3,492 | +€18,617 | +84.2% |
| Profit (loss) for the period | 9904 | -€22,108 | -€3,492 | +€18,617 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,108 | -€3,492 | +€18,617 | +84.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.