HAVELSKA: 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.
HAVELSKA
Largest movements
- Cash +€13,750
up €13,750 (+24.0%), from €57,273 to €71,023
mainly Net result for the year (+€90,744) and Other debts (+€6,111)
- Financial fixed assets +€12,375
up €12,375 (+84.6%), from €14,625 to €27,000
- Receivables within one year +€2,311
up €2,311 (+17.8%), from €12,989 to €15,300
- Reserves +€22,000
up €22,000 (+367%), from €6,000 to €28,000
- Other debts +€6,111
up €6,111 (+7.2%), from €85,276 to €91,387
- Gross operating margin +€23,094
up €23,094 (+22.2%), from €104,083 to €127,177
- Taxes +€6,555
up €6,555 (+25.7%), from €25,525 to €32,080
- Financial charges -€1,746
down €1,746 (-36.1%), from €4,832 to €3,086
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 | €96,918 | €124,856 | +€27,938 | +28.8% |
| Fixed assets | 21/28 | €15,387 | €27,165 | +€11,779 | +76.5% |
| Tangible fixed assets | 22/27 | €762 | €165 | -€596 | -78.3% |
| Furniture and vehicles | 24 | €762 | €165 | -€596 | -78.3% |
| Financial fixed assets | 28 | €14,625 | €27,000 | +€12,375 | +84.6% |
| Current assets | 29/58 | €81,531 | €97,691 | +€16,159 | +19.8% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,989 | €15,300 | +€2,311 | +17.8% |
| Trade receivables | 40 | €12,989 | €15,300 | +€2,311 | +17.8% |
| Cash at bank and in hand | 54/58 | €57,273 | €71,023 | +€13,750 | +24.0% |
| Deferred charges and accrued income | 490/1 | €1,269 | €1,368 | +€99 | +7.8% |
| Total equity and liabilities | 10/49 | €96,918 | €124,856 | +€27,938 | +28.8% |
| Equity | 10/15 | €7,029 | €29,773 | +€22,744 | +324% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €28,000 | +€22,000 | +367% |
| Distributable reserves | 133 | €6,000 | €28,000 | +€22,000 | +367% |
| Profit (loss) carried forward | 14 | €29 | €773 | +€744 | +2,610% |
| Amounts payable | 17/49 | €89,890 | €95,084 | +€5,194 | +5.8% |
| Amounts payable within one year | 42/48 | €88,553 | €94,967 | +€6,414 | +7.2% |
| Trade debts | 44 | €1,298 | €1,446 | +€148 | +11.4% |
| Suppliers | 440/4 | €1,298 | €1,446 | +€148 | +11.4% |
| Taxes, remuneration and social security | 45 | €1,980 | €2,135 | +€155 | +7.8% |
| Taxes | 450/3 | €980 | €2,135 | +€1,155 | +118% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €85,276 | €91,387 | +€6,111 | +7.2% |
| Accrued charges and deferred income | 492/3 | €1,336 | €117 | -€1,220 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €878 | €596 | -€281 | -32.0% |
| Other operating charges | 640/8 | €898 | €921 | +€22 | +2.5% |
| Gross operating margin | 9900 | €104,083 | €127,177 | +€23,094 | +22.2% |
| Operating profit (loss) | 9901 | €102,307 | €125,660 | +€23,353 | +22.8% |
| Financial income | 75/76B | €251 | €250 | -€1 | -0.3% |
| Recurring financial income | 75 | €251 | €250 | -€1 | -0.3% |
| Financial charges | 65/66B | €4,832 | €3,086 | -€1,746 | -36.1% |
| Recurring financial charges | 65 | €4,832 | €3,086 | -€1,746 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €97,726 | €122,824 | +€25,097 | +25.7% |
| Income taxes | 67/77 | €25,525 | €32,080 | +€6,555 | +25.7% |
| Profit (loss) for the period | 9904 | €72,201 | €90,744 | +€18,543 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €72,201 | €90,744 | +€18,543 | +25.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.