Havenkop: 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.
Havenkop
Largest movements
- Tangible fixed assets -€19,739
down €19,739 (-17.7%), from €111,795 to €92,056
of which Furniture and vehicles: -€25,357
- Cash -€19,515
down €19,515 (-68.5%), from €28,485 to €8,970
mainly Investment in fixed assets (net) (-€44,309) and Current portion of long-term debt (-€16,905)
- Receivables within one year +€12,371
up €12,371 (+13.7%), from €90,530 to €102,901
of which Trade receivables: +€21,601
- Deferred charges and accrued income +€5,275
new in 2025: €5,275
- Current portion of long-term debt -€16,905
down €16,905 (-84.2%), from €20,072 to €3,168
- Other debts +€16,327
up €16,327 (+673.2%), from €2,425 to €18,753
- Accrued charges and deferred income -€16,071
no longer reported in 2025 (was €16,071)
- Trade debts +€6,648
up €6,648 (+35.2%), from €18,907 to €25,555
- Tax, wage and social debts -€6,150
down €6,150 (-6.0%), from €102,467 to €96,317
of which Remuneration and social security: -€6,353
- Turnover -€108,601
down €108,601 (-12.8%), from €846,000 to €737,399
- Gross operating margin -€62,971
down €62,971 (-9.5%), from €662,880 to €599,909
- Staff costs -€53,023
down €53,023 (-9.3%), from €568,060 to €515,037
- Purchases and services -€45,092
down €45,092 (-22.3%), from €202,236 to €157,144
- Depreciation -€12,902
down €12,902 (-16.6%), from €77,783 to €64,881
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 | €231,942 | €209,502 | -€22,440 | -9.7% |
| Fixed assets | 21/28 | €112,927 | €92,356 | -€20,572 | -18.2% |
| Intangible fixed assets | 21 | €570 | €38 | -€533 | -93.4% |
| Tangible fixed assets | 22/27 | €111,795 | €92,056 | -€19,739 | -17.7% |
| Plant, machinery and equipment | 23 | €30,071 | €53,951 | +€23,879 | +79.4% |
| Furniture and vehicles | 24 | €30,175 | €4,818 | -€25,357 | -84.0% |
| Other tangible fixed assets | 26 | €51,549 | €33,288 | -€18,261 | -35.4% |
| Financial fixed assets | 28 | €562 | €262 | -€300 | -53.4% |
| Current assets | 29/58 | €119,015 | €117,146 | -€1,869 | -1.6% |
| Amounts receivable within one year | 40/41 | €90,530 | €102,901 | +€12,371 | +13.7% |
| Trade receivables | 40 | €79,260 | €100,862 | +€21,601 | +27.3% |
| Other amounts receivable | 41 | €11,269 | €2,039 | -€9,230 | -81.9% |
| Cash at bank and in hand | 54/58 | €28,485 | €8,970 | -€19,515 | -68.5% |
| Deferred charges and accrued income | 490/1 | - | €5,275 | +€5,275 | |
| Total equity and liabilities | 10/49 | €231,942 | €209,502 | -€22,440 | -9.7% |
| Equity | 10/15 | €68,832 | €65,710 | -€3,122 | -4.5% |
| Contributions | 10/11 | €13,382 | €13,382 | = | 0.0% |
| Reserves | 13 | €7,735 | €7,735 | = | 0.0% |
| Distributable reserves | 133 | €7,735 | €7,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,714 | €44,592 | -€3,122 | -6.5% |
| Amounts payable | 17/49 | €163,110 | €143,792 | -€19,318 | -11.8% |
| Amounts payable after more than one year | 17 | €3,168 | - | -€3,168 | |
| Financial debts | 170/4 | €3,168 | - | -€3,168 | |
| Amounts payable within one year | 42/48 | €143,872 | €143,792 | -€80 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €20,072 | €3,168 | -€16,905 | -84.2% |
| Trade debts | 44 | €18,907 | €25,555 | +€6,648 | +35.2% |
| Suppliers | 440/4 | €18,907 | €25,555 | +€6,648 | +35.2% |
| Taxes, remuneration and social security | 45 | €102,467 | €96,317 | -€6,150 | -6.0% |
| Taxes | 450/3 | €13,458 | €13,661 | +€203 | +1.5% |
| Remuneration and social security | 454/9 | €89,009 | €82,656 | -€6,353 | -7.1% |
| Other amounts payable | 47/48 | €2,425 | €18,753 | +€16,327 | +673.2% |
| Accrued charges and deferred income | 492/3 | €16,071 | - | -€16,071 | |
| Turnover | 70 | €846,000 | €737,399 | -€108,601 | -12.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €202,236 | €157,144 | -€45,092 | -22.3% |
| Remuneration, social security and pensions | 62 | €568,060 | €515,037 | -€53,023 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,783 | €64,881 | -€12,902 | -16.6% |
| Other operating charges | 640/8 | €8,250 | €8,600 | +€349 | +4.2% |
| Non-recurring operating charges | 66A | - | €14 | +€14 | |
| Gross operating margin | 9900 | €662,880 | €599,909 | -€62,971 | -9.5% |
| Operating profit (loss) | 9901 | €8,786 | €11,377 | +€2,591 | +29.5% |
| Financial income | 75/76B | €957 | €1,282 | +€325 | +33.9% |
| Recurring financial income | 75 | €957 | €1,282 | +€325 | +33.9% |
| Financial charges | 65/66B | €2,528 | €1,818 | -€710 | -28.1% |
| Recurring financial charges | 65 | €2,528 | €1,818 | -€710 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €7,216 | €10,842 | +€3,626 | +50.3% |
| Income taxes | 67/77 | €17,189 | €13,964 | -€3,225 | -18.8% |
| Profit (loss) for the period | 9904 | -€9,973 | -€3,122 | +€6,852 | +68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,973 | -€3,122 | +€6,852 | +68.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.