Hava Dogan: 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 Dogan
Largest movements
- Cash +€111,433
up €111,433 (+40.9%), from €272,325 to €383,758
mainly Net result for the year (+€199,098) and Tax, wage and social debts (+€46,525)
- Receivables within one year +€53,487
up €53,487 (+41.2%), from €129,819 to €183,306
of which Other amounts receivable: +€37,174
- Tangible fixed assets -€35,295
down €35,295 (-4.2%), from €840,585 to €805,290
of which Land and buildings: -€17,672
- Reserves +€137,908
up €137,908 (+56.6%), from €243,659 to €381,567
of which Distributable reserves: +€137,908
- Debts after one year -€52,569
down €52,569 (-8.2%), from €642,539 to €589,969
- Tax, wage and social debts +€46,525
up €46,525 (+43.7%), from €106,348 to €152,873
of which Taxes: +€31,177
- Other debts -€25,310
down €25,310 (-30.7%), from €82,523 to €57,213
- Short-term financial debts +€22,640
up €22,640 (+312%), from €7,247 to €29,887
- Gross operating margin +€245,631
up €245,631 (+64.9%), from €378,380 to €624,012
- Staff costs +€128,291
up €128,291 (+88.8%), from €144,502 to €272,793
- Purchases and services +€62,457
up €62,457 (+20.9%), from €299,347 to €361,805
- Taxes +€29,847
up €29,847 (+47.3%), from €63,150 to €92,997
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,242,729 | €1,372,354 | +€129,625 | +10.4% |
| Fixed assets | 21/28 | €840,585 | €805,290 | -€35,295 | -4.2% |
| Tangible fixed assets | 22/27 | €840,585 | €805,290 | -€35,295 | -4.2% |
| Land and buildings | 22 | €689,808 | €672,136 | -€17,672 | -2.6% |
| Plant, machinery and equipment | 23 | €2,232 | €958 | -€1,275 | -57.1% |
| Furniture and vehicles | 24 | €59,414 | €46,223 | -€13,190 | -22.2% |
| Other tangible fixed assets | 26 | €89,131 | €85,973 | -€3,158 | -3.5% |
| Current assets | 29/58 | €402,144 | €567,064 | +€164,920 | +41.0% |
| Amounts receivable within one year | 40/41 | €129,819 | €183,306 | +€53,487 | +41.2% |
| Trade receivables | 40 | €114,791 | €131,104 | +€16,313 | +14.2% |
| Other amounts receivable | 41 | €15,028 | €52,203 | +€37,174 | +247% |
| Cash at bank and in hand | 54/58 | €272,325 | €383,758 | +€111,433 | +40.9% |
| Total equity and liabilities | 10/49 | €1,242,729 | €1,372,354 | +€129,625 | +10.4% |
| Equity | 10/15 | €274,823 | €412,731 | +€137,908 | +50.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €243,659 | €381,567 | +€137,908 | +56.6% |
| Non-distributable reserves | 130/1 | €1,314 | €1,314 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,314 | €1,314 | = | 0.0% |
| Distributable reserves | 133 | €242,346 | €380,253 | +€137,908 | +56.9% |
| Profit (loss) carried forward | 14 | €24,964 | €24,964 | = | 0.0% |
| Amounts payable | 17/49 | €967,906 | €959,623 | -€8,283 | -0.9% |
| Amounts payable after more than one year | 17 | €642,539 | €589,969 | -€52,569 | -8.2% |
| Financial debts | 170/4 | €642,539 | €589,969 | -€52,569 | -8.2% |
| Amounts payable within one year | 42/48 | €325,367 | €366,012 | +€40,645 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €51,468 | €52,865 | +€1,397 | +2.7% |
| Financial debts | 43 | €7,247 | €29,887 | +€22,640 | +312% |
| Credit institutions | 430/8 | €7,247 | €29,887 | +€22,640 | +312% |
| Trade debts | 44 | €77,782 | €73,174 | -€4,608 | -5.9% |
| Suppliers | 440/4 | €77,782 | €73,174 | -€4,608 | -5.9% |
| Taxes, remuneration and social security | 45 | €106,348 | €152,873 | +€46,525 | +43.7% |
| Taxes | 450/3 | €90,264 | €121,441 | +€31,177 | +34.5% |
| Remuneration and social security | 454/9 | €16,085 | €31,432 | +€15,347 | +95.4% |
| Other amounts payable | 47/48 | €82,523 | €57,213 | -€25,310 | -30.7% |
| Accrued charges and deferred income | 492/3 | - | €3,642 | +€3,642 | |
| Goods, raw materials, services and sundry goods | 60/61 | €299,347 | €361,805 | +€62,457 | +20.9% |
| Remuneration, social security and pensions | 62 | €144,502 | €272,793 | +€128,291 | +88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,209 | €35,295 | +€6,087 | +20.8% |
| Other operating charges | 640/8 | €5,921 | €8,289 | +€2,368 | +40.0% |
| Gross operating margin | 9900 | €378,380 | €624,012 | +€245,631 | +64.9% |
| Operating profit (loss) | 9901 | €198,749 | €307,635 | +€108,886 | +54.8% |
| Financial income | 75/76B | €45 | €2,286 | +€2,240 | +4,925% |
| Recurring financial income | 75 | €30 | €346 | +€316 | +1,053% |
| Non-recurring financial income | 76B | €15 | €1,940 | +€1,924 | +12,446% |
| Financial charges | 65/66B | €16,580 | €17,826 | +€1,246 | +7.5% |
| Recurring financial charges | 65 | €16,580 | €17,605 | +€1,025 | +6.2% |
| Non-recurring financial charges | 66B | - | €222 | +€222 | |
| Profit (loss) for the period before taxes | 9903 | €182,214 | €292,095 | +€109,880 | +60.3% |
| Income taxes | 67/77 | €63,150 | €92,997 | +€29,847 | +47.3% |
| Profit (loss) for the period | 9904 | €119,065 | €199,098 | +€80,033 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €119,065 | €199,098 | +€80,033 | +67.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.