HAVA HORECA: what changed
HAVA HORECA
Largest movements
- Cash -€16,162
down €16,162 (-52.9%), from €30,524 to €14,362
mainly Net result for the year (-€16,368) and Receivables within one year (-€3,965)
- Receivables within one year +€3,965
up €3,965 (+787%), from €504 to €4,469
of which Trade receivables: +€4,169
- Tangible fixed assets +€633
up €633 (+8.3%), from €7,630 to €8,263
of which Plant, machinery and equipment: +€2,511
- Profit (loss) carried forward -€16,368
down €16,368 (-62.6%), from €26,156 to €9,789
- Trade debts +€3,499
up €3,499 (+454%), from €771 to €4,269
- Other debts +€1,060
new in 2025: €1,060
- Gross operating margin +€2,213
up €2,213 (+15.2%), from -€14,598 to -€12,385
- Staff costs -€1,626
no longer reported in 2025 (was €1,626)
- Other operating charges -€1,043
down €1,043 (-59.3%), from €1,759 to €716
- Depreciation +€722
up €722 (+34.3%), from €2,103 to €2,825
- Financial charges -€619
down €619 (-57.7%), from €1,074 to €454
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,524 | €35,917 | -€11,607 | -24.4% |
| Fixed assets | 21/28 | €16,453 | €17,086 | +€633 | +3.8% |
| Tangible fixed assets | 22/27 | €7,630 | €8,263 | +€633 | +8.3% |
| Plant, machinery and equipment | 23 | €1,477 | €3,989 | +€2,511 | +170% |
| Furniture and vehicles | 24 | €361 | €21 | -€341 | -94.3% |
| Other tangible fixed assets | 26 | €5,791 | €4,253 | -€1,538 | -26.6% |
| Financial fixed assets | 28 | €8,823 | €8,823 | = | 0.0% |
| Current assets | 29/58 | €31,071 | €18,831 | -€12,240 | -39.4% |
| Amounts receivable within one year | 40/41 | €504 | €4,469 | +€3,965 | +787% |
| Trade receivables | 40 | €300 | €4,469 | +€4,169 | +1,390% |
| Other amounts receivable | 41 | €204 | - | -€204 | |
| Cash at bank and in hand | 54/58 | €30,524 | €14,362 | -€16,162 | -52.9% |
| Deferred charges and accrued income | 490/1 | €44 | - | -€44 | |
| Total equity and liabilities | 10/49 | €47,524 | €35,917 | -€11,607 | -24.4% |
| Equity | 10/15 | €46,616 | €30,249 | -€16,368 | -35.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,156 | €9,789 | -€16,368 | -62.6% |
| Amounts payable | 17/49 | €907 | €5,668 | +€4,761 | +525% |
| Amounts payable within one year | 42/48 | €907 | €5,668 | +€4,761 | +525% |
| Trade debts | 44 | €771 | €4,269 | +€3,499 | +454% |
| Suppliers | 440/4 | €771 | €4,269 | +€3,499 | +454% |
| Taxes, remuneration and social security | 45 | €137 | €339 | +€202 | +148% |
| Taxes | 450/3 | €137 | €339 | +€202 | +148% |
| Other amounts payable | 47/48 | - | €1,060 | +€1,060 | |
| Remuneration, social security and pensions | 62 | €1,626 | - | -€1,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,103 | €2,825 | +€722 | +34.3% |
| Other operating charges | 640/8 | €1,759 | €716 | -€1,043 | -59.3% |
| Gross operating margin | 9900 | -€14,598 | -€12,385 | +€2,213 | +15.2% |
| Operating profit (loss) | 9901 | -€20,086 | -€15,926 | +€4,160 | +20.7% |
| Financial income | 75/76B | €3 | €15 | +€12 | +333% |
| Recurring financial income | 75 | €3 | €15 | +€12 | +333% |
| Financial charges | 65/66B | €1,074 | €454 | -€619 | -57.7% |
| Recurring financial charges | 65 | €1,074 | €454 | -€619 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,156 | -€16,365 | +€4,791 | +22.6% |
| Income taxes | 67/77 | €145 | €3 | -€142 | -98.0% |
| Profit (loss) for the period | 9904 | -€21,301 | -€16,368 | +€4,934 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,301 | -€16,368 | +€4,934 | +23.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.