HABODOC: 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.
HABODOC
Largest movements
- Current investments +€157,233
up €157,233 (+21.8%), from €722,220 to €879,453
- Cash +€26,907
up €26,907 (+10.7%), from €252,265 to €279,172
mainly Other debts (+€648,811) and Net result for the year (+€193,391)
- Other debts +€648,811
new in 2025: €648,811
- Reserves -€455,500
down €455,500 (-47.0%), from €969,847 to €514,347
of which Distributable reserves: -€337,620
- Taxes -€22,665
down €22,665 (-28.8%), from €78,720 to €56,056
- Gross operating margin -€22,545
down €22,545 (-9.0%), from €251,664 to €229,119
- Financial charges +€6,481
up €6,481 (+109%), from €5,937 to €12,418
- Financial income +€3,604
up €3,604 (+10.6%), from €34,042 to €37,647
- Depreciation +€2,680
up €2,680 (+129%), from €2,074 to €4,754
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 | €988,700 | €1,182,249 | +€193,549 | +19.6% |
| Fixed assets | 21/28 | €4,662 | €9,619 | +€4,957 | +106% |
| Tangible fixed assets | 22/27 | €4,662 | €9,619 | +€4,957 | +106% |
| Furniture and vehicles | 24 | €884 | €6,271 | +€5,386 | +609% |
| Other tangible fixed assets | 26 | €3,777 | €3,348 | -€429 | -11.4% |
| Current assets | 29/58 | €984,039 | €1,172,630 | +€188,592 | +19.2% |
| Amounts receivable within one year | 40/41 | €9,553 | €14,005 | +€4,451 | +46.6% |
| Other amounts receivable | 41 | €9,553 | €14,005 | +€4,451 | +46.6% |
| Current investments | 50/53 | €722,220 | €879,453 | +€157,233 | +21.8% |
| Cash at bank and in hand | 54/58 | €252,265 | €279,172 | +€26,907 | +10.7% |
| Total equity and liabilities | 10/49 | €988,700 | €1,182,249 | +€193,549 | +19.6% |
| Equity | 10/15 | €988,447 | €532,947 | -€455,500 | -46.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €969,847 | €514,347 | -€455,500 | -47.0% |
| Tax-exempt reserves | 132 | €372,585 | €254,705 | -€117,880 | -31.6% |
| Distributable reserves | 133 | €597,262 | €259,642 | -€337,620 | -56.5% |
| Amounts payable | 17/49 | €253 | €649,302 | +€649,049 | +256,086% |
| Amounts payable within one year | 42/48 | €188 | €649,235 | +€649,047 | +345,698% |
| Trade debts | 44 | €188 | €424 | +€236 | +126% |
| Suppliers | 440/4 | €188 | €424 | +€236 | +126% |
| Other amounts payable | 47/48 | - | €648,811 | +€648,811 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,074 | €4,754 | +€2,680 | +129% |
| Other operating charges | 640/8 | €454 | €147 | -€307 | -67.6% |
| Gross operating margin | 9900 | €251,664 | €229,119 | -€22,545 | -9.0% |
| Operating profit (loss) | 9901 | €249,136 | €224,218 | -€24,919 | -10.0% |
| Financial income | 75/76B | €34,042 | €37,647 | +€3,604 | +10.6% |
| Recurring financial income | 75 | €34,042 | €37,647 | +€3,604 | +10.6% |
| Financial charges | 65/66B | €5,937 | €12,418 | +€6,481 | +109% |
| Recurring financial charges | 65 | €5,937 | €12,418 | +€6,481 | +109% |
| Profit (loss) for the period before taxes | 9903 | €277,242 | €249,447 | -€27,795 | -10.0% |
| Income taxes | 67/77 | €78,720 | €56,056 | -€22,665 | -28.8% |
| Profit (loss) for the period | 9904 | €198,521 | €193,391 | -€5,131 | -2.6% |
| Transfer from tax-exempt reserves | 789 | €37,890 | €117,880 | +€79,990 | +211% |
| Transfer to tax-exempt reserves | 689 | €98,935 | - | -€98,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €137,476 | €311,271 | +€173,795 | +126% |
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 14 October 2026 via checked.be.