Havenzijde: 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.
Havenzijde
Largest movements
- Cash +€448,394
up €448,394 (+59.3%), from €756,629 to €1.2m
mainly Advances received (+€1.3m) and Short-term financial debts (+€781,547)
- Stocks and contracts +€421,615
up €421,615 (+14.1%), from €3.0m to €3.4m
of which Contracts in progress: +€421,615
- Advances received +€1.3m
up €1.3m (+106%), from €1.2m to €2.6m
- Short-term financial debts +€781,547
new in 2025: €781,547
- Trade debts -€686,940
down €686,940 (-89.5%), from €767,493 to €80,553
- Other debts -€298,074
down €298,074 (-86.3%), from €345,574 to €47,500
- Current portion of long-term debt -€224,219
down €224,219 (-76.0%), from €295,171 to €70,953
- Gross operating margin -€316,270
down €316,270 (-91.2%), from €346,820 to €30,550
- Taxes -€76,331
down €76,331 (-88.6%), from €86,201 to €9,870
- Financial income +€7,425
up €7,425 (+22.6%), from €32,819 to €40,244
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 | €3,812,266 | €4,724,827 | +€912,561 | +23.9% |
| Fixed assets | 21/28 | €1,500 | €4,491 | +€2,991 | +199% |
| Tangible fixed assets | 22/27 | - | €2,991 | +€2,991 | |
| Furniture and vehicles | 24 | - | €2,991 | +€2,991 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €3,810,766 | €4,720,336 | +€909,570 | +23.9% |
| Stocks and contracts in progress | 3 | €2,997,292 | €3,418,907 | +€421,615 | +14.1% |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €2,997,292 | €3,418,907 | +€421,615 | +14.1% |
| Amounts receivable within one year | 40/41 | €56,846 | €96,407 | +€39,561 | +69.6% |
| Trade receivables | 40 | €56,846 | €20,826 | -€36,020 | -63.4% |
| Other amounts receivable | 41 | €0 | €75,581 | +€75,581 | |
| Cash at bank and in hand | 54/58 | €756,629 | €1,205,023 | +€448,394 | +59.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,812,266 | €4,724,827 | +€912,561 | +23.9% |
| Equity | 10/15 | €1,146,146 | €1,143,043 | -€3,103 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,077,946 | €1,074,843 | -€3,103 | -0.3% |
| Amounts payable | 17/49 | €2,666,120 | €3,581,784 | +€915,664 | +34.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,666,120 | €3,581,784 | +€915,664 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €295,171 | €70,953 | -€224,219 | -76.0% |
| Financial debts | 43 | - | €781,547 | +€781,547 | |
| Credit institutions | 430/8 | - | €781,547 | +€781,547 | |
| Trade debts | 44 | €767,493 | €80,553 | -€686,940 | -89.5% |
| Suppliers | 440/4 | €767,493 | €80,553 | -€686,940 | -89.5% |
| Advances received on contracts in progress | 46 | €1,243,349 | €2,558,901 | +€1.3m | +106% |
| Taxes, remuneration and social security | 45 | €14,534 | €42,330 | +€27,796 | +191% |
| Taxes | 450/3 | €14,534 | €42,330 | +€27,796 | +191% |
| Other amounts payable | 47/48 | €345,574 | €47,500 | -€298,074 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €201 | +€201 | |
| Other operating charges | 640/8 | €3,520 | €2,828 | -€692 | -19.7% |
| Gross operating margin | 9900 | €346,820 | €30,550 | -€316,270 | -91.2% |
| Operating profit (loss) | 9901 | €343,300 | €27,520 | -€315,780 | -92.0% |
| Financial income | 75/76B | €32,819 | €40,244 | +€7,425 | +22.6% |
| Recurring financial income | 75 | €32,819 | €40,244 | +€7,425 | +22.6% |
| Financial charges | 65/66B | €64,148 | €60,997 | -€3,151 | -4.9% |
| Recurring financial charges | 65 | €64,148 | €60,997 | -€3,151 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €311,970 | €6,767 | -€305,203 | -97.8% |
| Income taxes | 67/77 | €86,201 | €9,870 | -€76,331 | -88.6% |
| Profit (loss) for the period | 9904 | €225,769 | -€3,103 | -€228,872 | |
| Profit (loss) for the period to be appropriated | 9905 | €225,769 | -€3,103 | -€228,872 |
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 26 October 2026 via checked.be.