Havbo Consulting: 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.
Havbo Consulting
Largest movements
- Current investments +€913,929
up €913,929 (+650,160%), from €141 to €914,070
- Receivables after one year -€242,000
down €242,000 (-100%), from €242,000 to €0
- Receivables within one year +€72,629
up €72,629 (+74.9%), from €96,942 to €169,571
of which Other amounts receivable: +€69,056
- Reserves +€1.1m
up €1.1m, from €0 to €1.1m
of which Tax-exempt reserves: +€997,770
- Other debts -€371,555
down €371,555 (-100%), from €371,555 to €0
- Tax, wage and social debts +€15,827
up €15,827 (+140%), from €11,330 to €27,158
- Gross operating margin +€2.9m
up €2.9m (+603%), from €488,016 to €3.4m
- Taxes +€721,232
up €721,232 (+599%), from €120,380 to €841,612
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 | €389,828 | €1,125,703 | +€735,875 | +189% |
| Current assets | 29/58 | €389,828 | €1,125,703 | +€735,875 | +189% |
| Amounts receivable after more than one year | 29 | €242,000 | €0 | -€242,000 | -100% |
| Other amounts receivable | 291 | €242,000 | €0 | -€242,000 | -100% |
| Amounts receivable within one year | 40/41 | €96,942 | €169,571 | +€72,629 | +74.9% |
| Trade receivables | 40 | €88,516 | €92,089 | +€3,573 | +4.0% |
| Other amounts receivable | 41 | €8,427 | €77,482 | +€69,056 | +820% |
| Current investments | 50/53 | €141 | €914,070 | +€913,929 | +650,160% |
| Cash at bank and in hand | 54/58 | €50,745 | €42,062 | -€8,684 | -17.1% |
| Total equity and liabilities | 10/49 | €389,828 | €1,125,703 | +€735,875 | +189% |
| Equity | 10/15 | €5,000 | €1,093,667 | +€1.1m | +21,773% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | €1,088,667 | +€1.1m | |
| Tax-exempt reserves | 132 | - | €997,770 | +€997,770 | |
| Distributable reserves | 133 | €0 | €90,897 | +€90,897 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €384,828 | €32,036 | -€352,793 | -91.7% |
| Amounts payable within one year | 42/48 | €384,828 | €32,036 | -€352,793 | -91.7% |
| Trade debts | 44 | €1,942 | €4,878 | +€2,935 | +151% |
| Suppliers | 440/4 | €1,942 | €4,878 | +€2,935 | +151% |
| Taxes, remuneration and social security | 45 | €11,330 | €27,158 | +€15,827 | +140% |
| Taxes | 450/3 | €11,330 | €27,158 | +€15,827 | +140% |
| Other amounts payable | 47/48 | €371,555 | €0 | -€371,555 | -100% |
| Other operating charges | 640/8 | €2,844 | €2,982 | +€138 | +4.9% |
| Gross operating margin | 9900 | €488,016 | €3,430,495 | +€2.9m | +603% |
| Operating profit (loss) | 9901 | €485,173 | €3,427,513 | +€2.9m | +606% |
| Financial income | 75/76B | €8,979 | €4,836 | -€4,143 | -46.1% |
| Recurring financial income | 75 | €8,979 | €4,836 | -€4,143 | -46.1% |
| Financial charges | 65/66B | €2,216 | €2,071 | -€146 | -6.6% |
| Recurring financial charges | 65 | €2,216 | €2,071 | -€146 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €491,935 | €3,430,279 | +€2.9m | +597% |
| Income taxes | 67/77 | €120,380 | €841,612 | +€721,232 | +599% |
| Profit (loss) for the period | 9904 | €371,555 | €2,588,667 | +€2.2m | +597% |
| Transfer to tax-exempt reserves | 689 | - | €997,770 | +€997,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €371,555 | €1,590,897 | +€1.2m | +328% |
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 29 October 2026 via checked.be.