HAVAL K: 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.
HAVAL K
Largest movements
- Cash -€2,734
down €2,734 (-14.1%), from €19,399 to €16,665
mainly Other debts (-€14,551) and Investment in fixed assets (net) (-€5,400)
- Tangible fixed assets +€866
up €866 (+9.1%), from €9,520 to €10,386
of which Other tangible fixed assets: +€5,048
- Intangible fixed assets -€758
no longer reported in 2024 (was €758)
- Other debts -€14,551
down €14,551 (-65.7%), from €22,133 to €7,582
- Profit (loss) carried forward +€12,165
up €12,165 (+56.2%), from -€21,657 to -€9,493
- Trade debts -€2,573
down €2,573 (-90.7%), from €2,836 to €263
- Tax, wage and social debts +€2,208
up €2,208 (+10.3%), from €21,469 to €23,677
of which Taxes: +€2,264
- Gross operating margin -€18,890
down €18,890 (-27.4%), from €68,825 to €49,935
- Staff costs -€12,619
down €12,619 (-29.5%), from €42,784 to €30,165
- Other operating charges -€10,638
down €10,638 (-87.1%), from €12,213 to €1,575
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.
Cash bridge derived
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 | €43,781 | €41,029 | -€2,752 | -6.3% |
| Fixed assets | 21/28 | €15,382 | €15,490 | +€108 | +0.7% |
| Intangible fixed assets | 21 | €758 | - | -€758 | |
| Tangible fixed assets | 22/27 | €9,520 | €10,386 | +€866 | +9.1% |
| Plant, machinery and equipment | 23 | €5,559 | €1,762 | -€3,797 | -68.3% |
| Furniture and vehicles | 24 | €1,383 | €998 | -€385 | -27.8% |
| Other tangible fixed assets | 26 | €2,578 | €7,626 | +€5,048 | +195.8% |
| Financial fixed assets | 28 | €5,104 | €5,104 | = | 0.0% |
| Current assets | 29/58 | €28,399 | €25,539 | -€2,860 | -10.1% |
| Amounts receivable within one year | 40/41 | €9,000 | €8,874 | -€126 | -1.4% |
| Trade receivables | 40 | €9,000 | €8,874 | -€126 | -1.4% |
| Cash at bank and in hand | 54/58 | €19,399 | €16,665 | -€2,734 | -14.1% |
| Total equity and liabilities | 10/49 | €43,781 | €41,029 | -€2,752 | -6.3% |
| Equity | 10/15 | -€2,657 | €9,507 | +€12,165 | |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,657 | -€9,493 | +€12,165 | +56.2% |
| Amounts payable | 17/49 | €46,438 | €31,522 | -€14,916 | -32.1% |
| Amounts payable within one year | 42/48 | €46,438 | €31,522 | -€14,916 | -32.1% |
| Trade debts | 44 | €2,836 | €263 | -€2,573 | -90.7% |
| Suppliers | 440/4 | €2,836 | €263 | -€2,573 | -90.7% |
| Taxes, remuneration and social security | 45 | €21,469 | €23,677 | +€2,208 | +10.3% |
| Taxes | 450/3 | €9,126 | €11,390 | +€2,264 | +24.8% |
| Remuneration and social security | 454/9 | €12,343 | €12,287 | -€56 | -0.5% |
| Other amounts payable | 47/48 | €22,133 | €7,582 | -€14,551 | -65.7% |
| Remuneration, social security and pensions | 62 | €42,784 | €30,165 | -€12,619 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,502 | €5,292 | -€210 | -3.8% |
| Other operating charges | 640/8 | €12,213 | €1,575 | -€10,638 | -87.1% |
| Gross operating margin | 9900 | €68,825 | €49,935 | -€18,890 | -27.4% |
| Operating profit (loss) | 9901 | €8,326 | €12,902 | +€4,577 | +55.0% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €887 | €738 | -€149 | -16.8% |
| Recurring financial charges | 65 | €887 | €738 | -€149 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €7,456 | €12,165 | +€4,709 | +63.2% |
| Profit (loss) for the period | 9904 | €7,456 | €12,165 | +€4,709 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,456 | €12,165 | +€4,709 | +63.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.