HaBuS: 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.
HaBuS
Largest movements
- Stocks and contracts +€53,000
up €53,000 (+32.9%), from €161,000 to €214,000
- Tangible fixed assets -€28,652
down €28,652 (-39.9%), from €71,798 to €43,146
of which Leasing and similar rights: -€15,005
- Receivables within one year +€10,445
up €10,445 (+26.7%), from €39,087 to €49,532
of which Trade receivables: +€25,580
- Cash +€6,168
up €6,168 (+275.1%), from €2,242 to €8,410
mainly Short-term financial debts (+€60,000) and Depreciation (+€37,534)
- Short-term financial debts +€60,000
new in 2025: €60,000
- Other debts -€14,850
down €14,850 (-12.0%), from €123,587 to €108,737
- Current portion of long-term debt -€14,105
no longer reported in 2025 (was €14,105)
- Accrued charges and deferred income +€10,701
new in 2025: €10,701
- Debts after one year -€7,046
no longer reported in 2025 (was €7,046)
- Gross operating margin +€32,003
up €32,003 (+74.4%), from €43,036 to €75,039
- Write-downs +€11,685
new in 2025: €11,685
- Staff costs +€10,124
new in 2025: €10,124
- Financial charges +€8,715
up €8,715 (+609.8%), from €1,429 to €10,145
- Other operating charges -€1,519
down €1,519 (-64.1%), from €2,368 to €850
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 | €275,339 | €315,088 | +€39,748 | +14.4% |
| Fixed assets | 21/28 | €71,798 | €43,146 | -€28,652 | -39.9% |
| Tangible fixed assets | 22/27 | €71,798 | €43,146 | -€28,652 | -39.9% |
| Plant, machinery and equipment | 23 | €12,061 | €6,418 | -€5,643 | -46.8% |
| Furniture and vehicles | 24 | €32,954 | €25,425 | -€7,529 | -22.8% |
| Leasing and similar rights | 25 | €25,570 | €10,565 | -€15,005 | -58.7% |
| Other tangible fixed assets | 26 | €1,212 | €737 | -€476 | -39.2% |
| Current assets | 29/58 | €203,542 | €271,942 | +€68,400 | +33.6% |
| Stocks and contracts in progress | 3 | €161,000 | €214,000 | +€53,000 | +32.9% |
| Stocks | 30/36 | €161,000 | €214,000 | +€53,000 | +32.9% |
| Amounts receivable within one year | 40/41 | €39,087 | €49,532 | +€10,445 | +26.7% |
| Trade receivables | 40 | €23,951 | €49,532 | +€25,580 | +106.8% |
| Other amounts receivable | 41 | €15,136 | - | -€15,136 | |
| Cash at bank and in hand | 54/58 | €2,242 | €8,410 | +€6,168 | +275.1% |
| Deferred charges and accrued income | 490/1 | €1,212 | - | -€1,212 | |
| Total equity and liabilities | 10/49 | €275,339 | €315,088 | +€39,748 | +14.4% |
| Equity | 10/15 | €116,948 | €119,978 | +€3,030 | +2.6% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €94,882 | €97,478 | +€2,596 | +2.7% |
| Distributable reserves | 133 | €94,882 | €97,478 | +€2,596 | +2.7% |
| Profit (loss) carried forward | 14 | -€434 | - | +€434 | |
| Amounts payable | 17/49 | €158,392 | €195,110 | +€36,718 | +23.2% |
| Amounts payable after more than one year | 17 | €7,046 | - | -€7,046 | |
| Financial debts | 170/4 | €7,046 | - | -€7,046 | |
| Amounts payable within one year | 42/48 | €151,346 | €184,409 | +€33,063 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €14,105 | - | -€14,105 | |
| Financial debts | 43 | - | €60,000 | +€60,000 | |
| Credit institutions | 430/8 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €1,879 | €250 | -€1,629 | -86.7% |
| Suppliers | 440/4 | €1,879 | €250 | -€1,629 | -86.7% |
| Taxes, remuneration and social security | 45 | €11,775 | €15,422 | +€3,647 | +31.0% |
| Taxes | 450/3 | €11,775 | €15,422 | +€3,647 | +31.0% |
| Other amounts payable | 47/48 | €123,587 | €108,737 | -€14,850 | -12.0% |
| Accrued charges and deferred income | 492/3 | - | €10,701 | +€10,701 | |
| Remuneration, social security and pensions | 62 | - | €10,124 | +€10,124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,112 | €37,534 | -€577 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,685 | +€11,685 | |
| Other operating charges | 640/8 | €2,368 | €850 | -€1,519 | -64.1% |
| Non-recurring operating charges | 66A | - | €129 | +€129 | |
| Gross operating margin | 9900 | €43,036 | €75,039 | +€32,003 | +74.4% |
| Operating profit (loss) | 9901 | €2,556 | €14,717 | +€12,161 | +475.8% |
| Financial income | 75/76B | €45 | €33 | -€12 | -26.4% |
| Recurring financial income | 75 | €45 | €33 | -€12 | -26.4% |
| Non-recurring financial income | 76B | €45 | - | -€45 | |
| Financial charges | 65/66B | €1,429 | €10,145 | +€8,715 | +609.8% |
| Recurring financial charges | 65 | €1,429 | €10,145 | +€8,715 | +609.8% |
| Profit (loss) for the period before taxes | 9903 | €1,171 | €4,605 | +€3,434 | +293.1% |
| Income taxes | 67/77 | €712 | €1,575 | +€863 | +121.2% |
| Profit (loss) for the period | 9904 | €459 | €3,030 | +€2,571 | +559.6% |
| Profit (loss) for the period to be appropriated | 9905 | €459 | €3,030 | +€2,571 | +559.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.