Hava: 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.
Hava
Largest movements
- Cash +€4,838
up €4,838 (+112%), from €4,327 to €9,165
mainly Net result for the year (+€1,905) and Depreciation (+€1,770)
- Tangible fixed assets -€1,770
down €1,770 (-54.2%), from €3,263 to €1,493
- Stocks and contracts -€617
down €617 (-21.4%), from €2,889 to €2,272
- Receivables within one year -€277
no longer reported in 2025 (was €277)
- Profit (loss) carried forward +€1,905
up €1,905 (+12.9%), from -€14,763 to -€12,858
- Other debts -€1,397
down €1,397 (-39.2%), from €3,564 to €2,167
- Trade debts +€1,366
up €1,366 (+84.6%), from €1,615 to €2,981
- Tax, wage and social debts +€300
new in 2025: €300
of which Remuneration and social security: +€256
- Staff costs +€5,279
new in 2025: €5,279
- Gross operating margin +€5,179
up €5,179 (+116%), from €4,464 to €9,643
- Other operating charges -€1,112
down €1,112 (-63.7%), from €1,747 to €635
- Financial charges -€184
down €184 (-77.1%), from €239 to €55
- Depreciation -€164
down €164 (-8.5%), from €1,933 to €1,770
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 | €10,876 | €13,050 | +€2,175 | +20.0% |
| Fixed assets | 21/28 | €3,383 | €1,613 | -€1,770 | -52.3% |
| Tangible fixed assets | 22/27 | €3,263 | €1,493 | -€1,770 | -54.2% |
| Furniture and vehicles | 24 | €3,263 | €1,493 | -€1,770 | -54.2% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €7,493 | €11,437 | +€3,944 | +52.6% |
| Stocks and contracts in progress | 3 | €2,889 | €2,272 | -€617 | -21.4% |
| Stocks | 30/36 | €2,889 | €2,272 | -€617 | -21.4% |
| Amounts receivable within one year | 40/41 | €277 | - | -€277 | |
| Other amounts receivable | 41 | €277 | - | -€277 | |
| Cash at bank and in hand | 54/58 | €4,327 | €9,165 | +€4,838 | +112% |
| Total equity and liabilities | 10/49 | €10,876 | €13,050 | +€2,175 | +20.0% |
| Equity | 10/15 | €5,697 | €7,602 | +€1,905 | +33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,763 | -€12,858 | +€1,905 | +12.9% |
| Amounts payable | 17/49 | €5,179 | €5,448 | +€269 | +5.2% |
| Amounts payable within one year | 42/48 | €5,179 | €5,448 | +€269 | +5.2% |
| Trade debts | 44 | €1,615 | €2,981 | +€1,366 | +84.6% |
| Suppliers | 440/4 | €1,615 | €2,981 | +€1,366 | +84.6% |
| Taxes, remuneration and social security | 45 | - | €300 | +€300 | |
| Taxes | 450/3 | - | €45 | +€45 | |
| Remuneration and social security | 454/9 | - | €256 | +€256 | |
| Other amounts payable | 47/48 | €3,564 | €2,167 | -€1,397 | -39.2% |
| Remuneration, social security and pensions | 62 | - | €5,279 | +€5,279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,933 | €1,770 | -€164 | -8.5% |
| Other operating charges | 640/8 | €1,747 | €635 | -€1,112 | -63.7% |
| Gross operating margin | 9900 | €4,464 | €9,643 | +€5,179 | +116% |
| Operating profit (loss) | 9901 | €783 | €1,960 | +€1,177 | +150% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €239 | €55 | -€184 | -77.1% |
| Recurring financial charges | 65 | €239 | €55 | -€184 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €545 | €1,905 | +€1,360 | +250% |
| Profit (loss) for the period | 9904 | €545 | €1,905 | +€1,360 | +250% |
| Profit (loss) for the period to be appropriated | 9905 | €545 | €1,905 | +€1,360 | +250% |
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 13 October 2026 via checked.be.