HAVAN: 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.
HAVAN
Largest movements
- Tangible fixed assets -€6,827
down €6,827 (-5.4%), from €126,954 to €120,127
- Deferred charges and accrued income +€2,303
up €2,303 (+303.3%), from €759 to €3,062
- Cash +€1,564
up €1,564 (+7.2%), from €21,604 to €23,168
mainly Net result for the year (+€9,647) and Depreciation (+€6,827)
- Receivables within one year -€1,563
no longer reported in 2025 (was €1,563)
- Profit (loss) carried forward -€9,353
down €9,353 (-12.8%), from €72,933 to €63,579
- Trade debts +€3,062
new in 2025: €3,062
- Accrued charges and deferred income +€2,333
up €2,333 (+80.8%), from €2,887 to €5,221
- Gross operating margin -€3,336
down €3,336 (-14.4%), from €23,229 to €19,893
- Depreciation -€625
down €625 (-8.4%), from €7,452 to €6,827
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.
Cash bridge derived
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 | €150,880 | €146,357 | -€4,523 | -3.0% |
| Fixed assets | 21/28 | €126,954 | €120,127 | -€6,827 | -5.4% |
| Tangible fixed assets | 22/27 | €126,954 | €120,127 | -€6,827 | -5.4% |
| Land and buildings | 22 | €126,954 | €120,127 | -€6,827 | -5.4% |
| Current assets | 29/58 | €23,926 | €26,230 | +€2,304 | +9.6% |
| Amounts receivable within one year | 40/41 | €1,563 | - | -€1,563 | |
| Trade receivables | 40 | €1,563 | - | -€1,563 | |
| Cash at bank and in hand | 54/58 | €21,604 | €23,168 | +€1,564 | +7.2% |
| Deferred charges and accrued income | 490/1 | €759 | €3,062 | +€2,303 | +303.3% |
| Total equity and liabilities | 10/49 | €150,880 | €146,357 | -€4,523 | -3.0% |
| Equity | 10/15 | €141,133 | €131,779 | -€9,353 | -6.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,933 | €63,579 | -€9,353 | -12.8% |
| Amounts payable | 17/49 | €9,747 | €14,578 | +€4,831 | +49.6% |
| Amounts payable within one year | 42/48 | €6,860 | €9,358 | +€2,498 | +36.4% |
| Trade debts | 44 | - | €3,062 | +€3,062 | |
| Suppliers | 440/4 | - | €3,062 | +€3,062 | |
| Taxes, remuneration and social security | 45 | €5,700 | €5,700 | = | 0.0% |
| Taxes | 450/3 | €5,700 | €5,700 | = | 0.0% |
| Other amounts payable | 47/48 | €1,160 | €596 | -€564 | -48.7% |
| Accrued charges and deferred income | 492/3 | €2,887 | €5,221 | +€2,333 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,452 | €6,827 | -€625 | -8.4% |
| Other operating charges | 640/8 | €3,277 | €3,369 | +€92 | +2.8% |
| Gross operating margin | 9900 | €23,229 | €19,893 | -€3,336 | -14.4% |
| Operating profit (loss) | 9901 | €12,501 | €9,697 | -€2,804 | -22.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €66 | €51 | -€15 | -22.2% |
| Recurring financial charges | 65 | €66 | €51 | -€15 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €12,435 | €9,647 | -€2,788 | -22.4% |
| Profit (loss) for the period | 9904 | €12,435 | €9,647 | -€2,788 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,435 | €9,647 | -€2,788 | -22.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.