HAVEN SURF: 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.
HAVEN SURF
Largest movements
- Cash -€70,878
down €70,878 (-72.3%), from €98,028 to €27,150
mainly Investment in fixed assets (net) (-€68,926) and Receivables within one year (-€64,708)
- Receivables within one year +€64,708
up €64,708 (+1,971%), from €3,284 to €67,991
of which Other amounts receivable: +€38,910
- Tangible fixed assets +€60,854
up €60,854 (+451%), from €13,506 to €74,360
of which Furniture and vehicles: +€61,437
- Deferred charges and accrued income +€17,145
up €17,145 (+1,728%), from €992 to €18,137
- Stocks and contracts +€11,917
up €11,917 (+2.7%), from €447,747 to €459,664
- Debts after one year +€93,166
up €93,166 (+967%), from €9,630 to €102,796
- Tax, wage and social debts -€25,254
down €25,254 (-42.5%), from €59,421 to €34,167
of which Taxes: -€19,688
- Trade debts +€22,797
up €22,797 (+17.3%), from €131,494 to €154,291
- Current portion of long-term debt -€13,826
down €13,826 (-34.0%), from €40,660 to €26,834
- Staff costs +€14,558
up €14,558 (+20.6%), from €70,656 to €85,215
- Gross operating margin +€5,844
up €5,844 (+4.8%), from €122,622 to €128,467
- Financial charges +€5,712
up €5,712 (+65.0%), from €8,781 to €14,493
- Other operating charges -€5,527
down €5,527 (-82.7%), from €6,685 to €1,158
- Taxes -€2,903
down €2,903 (-37.5%), from €7,740 to €4,837
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 | €564,214 | €647,302 | +€83,089 | +14.7% |
| Fixed assets | 21/28 | €14,163 | €74,360 | +€60,197 | +425% |
| Intangible fixed assets | 21 | €657 | €0 | -€657 | -100% |
| Tangible fixed assets | 22/27 | €13,506 | €74,360 | +€60,854 | +451% |
| Plant, machinery and equipment | 23 | €828 | €5,606 | +€4,779 | +577% |
| Furniture and vehicles | 24 | €3,147 | €64,584 | +€61,437 | +1,952% |
| Other tangible fixed assets | 26 | €9,531 | €4,170 | -€5,361 | -56.2% |
| Current assets | 29/58 | €550,051 | €572,942 | +€22,891 | +4.2% |
| Stocks and contracts in progress | 3 | €447,747 | €459,664 | +€11,917 | +2.7% |
| Stocks | 30/36 | €447,747 | €459,664 | +€11,917 | +2.7% |
| Amounts receivable within one year | 40/41 | €3,284 | €67,991 | +€64,708 | +1,971% |
| Trade receivables | 40 | €1,367 | €27,165 | +€25,798 | +1,887% |
| Other amounts receivable | 41 | €1,917 | €40,826 | +€38,910 | +2,030% |
| Cash at bank and in hand | 54/58 | €98,028 | €27,150 | -€70,878 | -72.3% |
| Deferred charges and accrued income | 490/1 | €992 | €18,137 | +€17,145 | +1,728% |
| Total equity and liabilities | 10/49 | €564,214 | €647,302 | +€83,089 | +14.7% |
| Equity | 10/15 | €150,057 | €148,431 | -€1,626 | -1.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €30,057 | €28,431 | -€1,626 | -5.4% |
| Distributable reserves | 133 | €30,057 | €28,431 | -€1,626 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €414,157 | €498,871 | +€84,714 | +20.5% |
| Amounts payable after more than one year | 17 | €9,630 | €102,796 | +€93,166 | +967% |
| Financial debts | 170/4 | €9,630 | €102,796 | +€93,166 | +967% |
| Amounts payable within one year | 42/48 | €404,526 | €396,075 | -€8,451 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €40,660 | €26,834 | -€13,826 | -34.0% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €131,494 | €154,291 | +€22,797 | +17.3% |
| Suppliers | 440/4 | €131,494 | €154,291 | +€22,797 | +17.3% |
| Advances received on contracts in progress | 46 | - | €1,800 | +€1,800 | |
| Taxes, remuneration and social security | 45 | €59,421 | €34,167 | -€25,254 | -42.5% |
| Taxes | 450/3 | €46,691 | €27,003 | -€19,688 | -42.2% |
| Remuneration and social security | 454/9 | €12,730 | €7,164 | -€5,567 | -43.7% |
| Other amounts payable | 47/48 | €22,950 | €28,982 | +€6,032 | +26.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €70,656 | €85,215 | +€14,558 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,123 | €8,729 | +€606 | +7.5% |
| Other operating charges | 640/8 | €6,685 | €1,158 | -€5,527 | -82.7% |
| Non-recurring operating charges | 66A | - | €1,236 | +€1,236 | |
| Gross operating margin | 9900 | €122,622 | €128,467 | +€5,844 | +4.8% |
| Operating profit (loss) | 9901 | €37,158 | €32,129 | -€5,029 | -13.5% |
| Financial income | 75/76B | €452 | €575 | +€123 | +27.3% |
| Recurring financial income | 75 | €452 | €575 | +€123 | +27.3% |
| Financial charges | 65/66B | €8,781 | €14,493 | +€5,712 | +65.0% |
| Recurring financial charges | 65 | €8,781 | €14,493 | +€5,712 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €28,829 | €18,211 | -€10,618 | -36.8% |
| Income taxes | 67/77 | €7,740 | €4,837 | -€2,903 | -37.5% |
| Profit (loss) for the period | 9904 | €21,089 | €13,374 | -€7,715 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,089 | €13,374 | -€7,715 | -36.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.