HABRO: 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.
HABRO
Largest movements
- Cash -€54,933
down €54,933 (-88.2%), from €62,259 to €7,327
mainly Net result for the year (-€33,364) and Short-term financial debts (-€20,910)
- Reserves -€33,364
down €33,364 (-15.8%), from €210,551 to €177,186
of which Distributable reserves: -€33,364
- Short-term financial debts -€20,910
down €20,910 (-2.6%), from €800,410 to €779,500
of which Other loans: -€20,910
- Financial charges -€122,286
down €122,286 (-79.5%), from €153,749 to €31,462
- Other operating charges +€10,605
up €10,605 (+541.8%), from €1,957 to €12,562
- Gross operating margin +€3,671
up €3,671 (+26.8%), from €13,719 to €17,391
- Financial income -€1,484
down €1,484 (-98.4%), from €1,508 to €24
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 | €1,545,799 | €1,469,113 | -€76,686 | -5.0% |
| Fixed assets | 21/28 | €214,517 | €207,762 | -€6,755 | -3.1% |
| Tangible fixed assets | 22/27 | €214,517 | €207,762 | -€6,755 | -3.1% |
| Land and buildings | 22 | €214,517 | €207,762 | -€6,755 | -3.1% |
| Current assets | 29/58 | €1,331,282 | €1,261,351 | -€69,931 | -5.3% |
| Stocks and contracts in progress | 3 | €955,464 | €955,464 | = | 0.0% |
| Stocks | 30/36 | €955,464 | €955,464 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €313,558 | €298,560 | -€14,999 | -4.8% |
| Other amounts receivable | 41 | €313,558 | €298,560 | -€14,999 | -4.8% |
| Cash at bank and in hand | 54/58 | €62,259 | €7,327 | -€54,933 | -88.2% |
| Total equity and liabilities | 10/49 | €1,545,799 | €1,469,113 | -€76,686 | -5.0% |
| Equity | 10/15 | €467,551 | €434,186 | -€33,364 | -7.1% |
| Contributions | 10/11 | €257,000 | €257,000 | = | 0.0% |
| Capital | 10 | €257,000 | €257,000 | = | 0.0% |
| Issued capital | 100 | €257,000 | €257,000 | = | 0.0% |
| Reserves | 13 | €210,551 | €177,186 | -€33,364 | -15.8% |
| Non-distributable reserves | 130/1 | €25,700 | €25,700 | = | 0.0% |
| Legal reserve | 130 | €25,700 | €25,700 | = | 0.0% |
| Distributable reserves | 133 | €184,851 | €151,486 | -€33,364 | -18.0% |
| Amounts payable | 17/49 | €1,078,248 | €1,034,927 | -€43,322 | -4.0% |
| Amounts payable after more than one year | 17 | €178,649 | €168,081 | -€10,568 | -5.9% |
| Financial debts | 170/4 | €178,649 | €168,081 | -€10,568 | -5.9% |
| Amounts payable within one year | 42/48 | €886,552 | €865,322 | -€21,231 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €10,110 | €10,568 | +€458 | +4.5% |
| Financial debts | 43 | €800,410 | €779,500 | -€20,910 | -2.6% |
| Credit institutions | 430/8 | €779,500 | €779,500 | = | 0.0% |
| Other loans | 439 | €20,910 | - | -€20,910 | |
| Trade debts | 44 | €1,033 | €254 | -€779 | -75.4% |
| Suppliers | 440/4 | €1,033 | €254 | -€779 | -75.4% |
| Other amounts payable | 47/48 | €75,000 | €75,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €13,047 | €1,524 | -€11,523 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,755 | €6,755 | = | 0.0% |
| Other operating charges | 640/8 | €1,957 | €12,562 | +€10,605 | +541.8% |
| Gross operating margin | 9900 | €13,719 | €17,391 | +€3,671 | +26.8% |
| Operating profit (loss) | 9901 | €5,007 | -€1,926 | -€6,933 | |
| Financial income | 75/76B | €1,508 | €24 | -€1,484 | -98.4% |
| Recurring financial income | 75 | €1,508 | €24 | -€1,484 | -98.4% |
| Financial charges | 65/66B | €153,749 | €31,462 | -€122,286 | -79.5% |
| Recurring financial charges | 65 | €153,749 | €31,462 | -€122,286 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | -€147,233 | -€33,364 | +€113,869 | +77.3% |
| Profit (loss) for the period | 9904 | -€147,233 | -€33,364 | +€113,869 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€147,233 | -€33,364 | +€113,869 | +77.3% |
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 7 October 2026 via checked.be.