HAVELI: 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.
HAVELI
Largest movements
- Tangible fixed assets +€277,204
up €277,204 (+49.8%), from €556,827 to €834,031
of which Land and buildings: +€277,204
- Contributions +€286,000
up €286,000 (+144%), from €198,315 to €484,315
- Debts after one year -€11,923
down €11,923 (-4.1%), from €288,502 to €276,579
- Gross operating margin +€26,449
up €26,449 (+100%), from €26,363 to €52,812
- Depreciation +€8,796
up €8,796 (+41.4%), from €21,223 to €30,019
- Financial charges +€2,437
up €2,437 (+29.0%), from €8,419 to €10,856
- Taxes +€627
up €627, from €0 to €627
- Other operating charges +€592
up €592 (+13.3%), from €4,444 to €5,036
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 | €577,319 | €859,043 | +€281,724 | +48.8% |
| Fixed assets | 21/28 | €556,827 | €834,031 | +€277,204 | +49.8% |
| Tangible fixed assets | 22/27 | €556,827 | €834,031 | +€277,204 | +49.8% |
| Land and buildings | 22 | €556,827 | €834,031 | +€277,204 | +49.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €20,492 | €25,012 | +€4,520 | +22.1% |
| Amounts receivable within one year | 40/41 | €356 | €0 | -€356 | -100% |
| Other amounts receivable | 41 | €356 | €0 | -€356 | -100% |
| Current investments | 50/53 | - | €3,250 | +€3,250 | |
| Cash at bank and in hand | 54/58 | €18,893 | €20,472 | +€1,578 | +8.4% |
| Deferred charges and accrued income | 490/1 | €1,243 | €1,290 | +€47 | +3.8% |
| Total equity and liabilities | 10/49 | €577,319 | €859,043 | +€281,724 | +48.8% |
| Equity | 10/15 | €232,478 | €524,753 | +€292,274 | +126% |
| Contributions | 10/11 | €198,315 | €484,315 | +€286,000 | +144% |
| Reserves | 13 | €34,164 | €40,438 | +€6,274 | +18.4% |
| Distributable reserves | 133 | €34,164 | €40,438 | +€6,274 | +18.4% |
| Amounts payable | 17/49 | €344,841 | €334,290 | -€10,551 | -3.1% |
| Amounts payable after more than one year | 17 | €288,502 | €276,579 | -€11,923 | -4.1% |
| Financial debts | 170/4 | €288,502 | €276,579 | -€11,923 | -4.1% |
| Amounts payable within one year | 42/48 | €56,339 | €56,210 | -€128 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €11,498 | €11,923 | +€424 | +3.7% |
| Trade debts | 44 | €95 | €2,452 | +€2,356 | +2,468% |
| Suppliers | 440/4 | €95 | €2,452 | +€2,356 | +2,468% |
| Taxes, remuneration and social security | 45 | €106 | €627 | +€522 | +493% |
| Taxes | 450/3 | €106 | €627 | +€522 | +493% |
| Other amounts payable | 47/48 | €44,639 | €41,209 | -€3,431 | -7.7% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,223 | €30,019 | +€8,796 | +41.4% |
| Other operating charges | 640/8 | €4,444 | €5,036 | +€592 | +13.3% |
| Gross operating margin | 9900 | €26,363 | €52,812 | +€26,449 | +100% |
| Operating profit (loss) | 9901 | €696 | €17,758 | +€17,061 | +2,450% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €8,419 | €10,856 | +€2,437 | +29.0% |
| Recurring financial charges | 65 | €8,419 | €10,856 | +€2,437 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,722 | €6,902 | +€14,624 | |
| Income taxes | 67/77 | €0 | €627 | +€627 | |
| Profit (loss) for the period | 9904 | -€7,722 | €6,274 | +€13,997 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,722 | €6,274 | +€13,997 |
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 15 October 2026 via checked.be.