HABX: 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.
HABX
Largest movements
- Receivables within one year -€263,901
down €263,901 (-88.1%), from €299,474 to €35,573
of which Other amounts receivable: -€274,929
- Cash +€78,892
up €78,892 (+33.6%), from €235,124 to €314,016
mainly Receivables within one year (+€263,901) and Net result for the year (+€128,728)
- Reserves -€291,272
down €291,272 (-56.1%), from €519,275 to €228,004
of which Distributable reserves: -€291,272
- Other debts +€40,680
new in 2025: €40,680
- Tax, wage and social debts +€37,801
up €37,801 (+84.5%), from €44,719 to €82,520
of which Taxes: +€37,798
- Trade debts +€22,750
up €22,750 (+820.0%), from €2,774 to €25,524
- Gross operating margin -€25,841
down €25,841 (-11.8%), from €218,338 to €192,497
- Taxes -€17,920
down €17,920 (-37.1%), from €48,320 to €30,400
- Depreciation +€14,720
up €14,720 (+283.5%), from €5,193 to €19,913
- Other operating charges +€3,234
up €3,234 (+32.1%), from €10,071 to €13,305
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 | €566,769 | €376,727 | -€190,042 | -33.5% |
| Fixed assets | 21/28 | €32,171 | €27,138 | -€5,033 | -15.6% |
| Tangible fixed assets | 22/27 | €32,171 | €27,138 | -€5,033 | -15.6% |
| Plant, machinery and equipment | 23 | €9,059 | €7,338 | -€1,721 | -19.0% |
| Furniture and vehicles | 24 | €23,112 | €19,800 | -€3,312 | -14.3% |
| Current assets | 29/58 | €534,598 | €349,589 | -€185,009 | -34.6% |
| Amounts receivable within one year | 40/41 | €299,474 | €35,573 | -€263,901 | -88.1% |
| Trade receivables | 40 | €24,544 | €35,573 | +€11,028 | +44.9% |
| Other amounts receivable | 41 | €274,929 | - | -€274,929 | |
| Cash at bank and in hand | 54/58 | €235,124 | €314,016 | +€78,892 | +33.6% |
| Total equity and liabilities | 10/49 | €566,769 | €376,727 | -€190,042 | -33.5% |
| Equity | 10/15 | €519,275 | €228,004 | -€291,272 | -56.1% |
| Reserves | 13 | €519,275 | €228,004 | -€291,272 | -56.1% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €514,275 | €223,004 | -€291,272 | -56.6% |
| Amounts payable | 17/49 | €47,494 | €148,724 | +€101,230 | +213.1% |
| Amounts payable within one year | 42/48 | €47,494 | €148,724 | +€101,230 | +213.1% |
| Trade debts | 44 | €2,774 | €25,524 | +€22,750 | +820.0% |
| Suppliers | 440/4 | €2,774 | €25,524 | +€22,750 | +820.0% |
| Taxes, remuneration and social security | 45 | €44,719 | €82,520 | +€37,801 | +84.5% |
| Taxes | 450/3 | €41,742 | €79,541 | +€37,798 | +90.6% |
| Remuneration and social security | 454/9 | €2,977 | €2,979 | +€2 | +0.1% |
| Other amounts payable | 47/48 | - | €40,680 | +€40,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,193 | €19,913 | +€14,720 | +283.5% |
| Other operating charges | 640/8 | €10,071 | €13,305 | +€3,234 | +32.1% |
| Gross operating margin | 9900 | €218,338 | €192,497 | -€25,841 | -11.8% |
| Operating profit (loss) | 9901 | €203,074 | €159,279 | -€43,795 | -21.6% |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €825 | €151 | -€674 | -81.7% |
| Recurring financial charges | 65 | €825 | €151 | -€674 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | €202,278 | €159,128 | -€43,149 | -21.3% |
| Income taxes | 67/77 | €48,320 | €30,400 | -€17,920 | -37.1% |
| Profit (loss) for the period | 9904 | €153,958 | €128,728 | -€25,230 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €153,958 | €128,728 | -€25,230 | -16.4% |
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 8 October 2026 via checked.be.