HAP Bavikhove: 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.
HAP Bavikhove
Largest movements
- Cash +€79,204
up €79,204 (+122%), from €64,800 to €144,005
mainly Net result for the year (+€120,415) and Tax, wage and social debts (+€17,629)
- Tangible fixed assets +€57,473
up €57,473 (+383%), from €15,011 to €72,484
of which Furniture and vehicles: +€58,655
- Deferred charges and accrued income +€3,630
up €3,630 (+288%), from €1,261 to €4,891
- Reserves +€119,582
up €119,582 (+181%), from €65,897 to €185,479
- Tax, wage and social debts +€17,629
up €17,629 (+104%), from €17,007 to €34,636
- Gross operating margin +€87,451
up €87,451 (+100%), from €87,275 to €174,726
- Taxes +€17,629
up €17,629 (+105%), from €16,857 to €34,486
- Depreciation +€13,012
up €13,012 (+360%), from €3,619 to €16,631
- Other operating charges +€2,233
up €2,233 (+261%), from €854 to €3,087
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 | €84,583 | €225,123 | +€140,540 | +166% |
| Fixed assets | 21/28 | €15,011 | €72,484 | +€57,473 | +383% |
| Tangible fixed assets | 22/27 | €15,011 | €72,484 | +€57,473 | +383% |
| Plant, machinery and equipment | 23 | €6,671 | €5,488 | -€1,182 | -17.7% |
| Furniture and vehicles | 24 | €8,340 | €66,996 | +€58,655 | +703% |
| Current assets | 29/58 | €69,572 | €152,639 | +€83,067 | +119% |
| Amounts receivable within one year | 40/41 | €3,511 | €3,744 | +€233 | +6.6% |
| Trade receivables | 40 | - | €16 | +€16 | |
| Other amounts receivable | 41 | €3,511 | €3,728 | +€217 | +6.2% |
| Cash at bank and in hand | 54/58 | €64,800 | €144,005 | +€79,204 | +122% |
| Deferred charges and accrued income | 490/1 | €1,261 | €4,891 | +€3,630 | +288% |
| Total equity and liabilities | 10/49 | €84,583 | €225,123 | +€140,540 | +166% |
| Equity | 10/15 | €65,898 | €185,480 | +€119,582 | +181% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €65,897 | €185,479 | +€119,582 | +181% |
| Distributable reserves | 133 | €65,897 | €185,479 | +€119,582 | +181% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €18,685 | €39,643 | +€20,958 | +112% |
| Amounts payable within one year | 42/48 | €18,685 | €39,643 | +€20,958 | +112% |
| Trade debts | 44 | €149 | €1,256 | +€1,107 | +745% |
| Suppliers | 440/4 | €149 | €1,256 | +€1,107 | +745% |
| Taxes, remuneration and social security | 45 | €17,007 | €34,636 | +€17,629 | +104% |
| Taxes | 450/3 | €17,007 | €34,636 | +€17,629 | +104% |
| Other amounts payable | 47/48 | €1,529 | €3,751 | +€2,222 | +145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,619 | €16,631 | +€13,012 | +360% |
| Other operating charges | 640/8 | €854 | €3,087 | +€2,233 | +261% |
| Gross operating margin | 9900 | €87,275 | €174,726 | +€87,451 | +100% |
| Operating profit (loss) | 9901 | €82,801 | €155,007 | +€72,206 | +87.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.2% |
| Financial charges | 65/66B | €47 | €106 | +€58 | +123% |
| Recurring financial charges | 65 | €47 | €106 | +€58 | +123% |
| Profit (loss) for the period before taxes | 9903 | €82,754 | €154,901 | +€72,147 | +87.2% |
| Income taxes | 67/77 | €16,857 | €34,486 | +€17,629 | +105% |
| Profit (loss) for the period | 9904 | €65,897 | €120,415 | +€54,518 | +82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,897 | €120,415 | +€54,518 | +82.7% |
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 27 October 2026 via checked.be.