HAVERALS MARJORIE: what changed
HAVERALS MARJORIE
Largest movements
- Receivables within one year -€45,312
down €45,312 (-33.6%), from €134,848 to €89,535
of which Other amounts receivable: -€26,825
- Deferred charges and accrued income +€8,555
up €8,555 (+1,447%), from €591 to €9,146
- Stocks and contracts +€4,753
up €4,753 (+5.2%), from €91,735 to €96,488
- Reserves -€24,713
down €24,713 (-33.1%), from €74,573 to €49,860
of which Distributable reserves: -€24,713
- Other debts -€16,500
down €16,500 (-47.2%), from €34,982 to €18,482
- Short-term financial debts +€14,219
up €14,219 (+56.9%), from €24,993 to €39,212
- Tax, wage and social debts -€8,672
down €8,672 (-24.4%), from €35,598 to €26,926
of which Taxes: -€6,186
- Trade debts +€5,083
up €5,083 (+10.2%), from €49,873 to €54,956
- Gross operating margin -€48,661
down €48,661 (-91.0%), from €53,446 to €4,785
- Staff costs -€24,394
down €24,394 (-76.6%), from €31,861 to €7,467
- Financial charges +€5,358
up €5,358 (+66.4%), from €8,066 to €13,425
of which Financial charges: +€3,149
- Other operating charges +€1,966
up €1,966 (+178%), from €1,107 to €3,074
- Depreciation -€1,440
down €1,440 (-67.0%), from €2,148 to €708
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,232 | €233,172 | -€32,060 | -12.1% |
| Fixed assets | 21/28 | €2,552 | €1,844 | -€708 | -27.8% |
| Tangible fixed assets | 22/27 | €1,352 | €644 | -€708 | -52.4% |
| Plant, machinery and equipment | 23 | €264 | €83 | -€180 | -68.4% |
| Furniture and vehicles | 24 | €473 | €253 | -€220 | -46.6% |
| Other tangible fixed assets | 26 | €615 | €307 | -€308 | -50.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €262,680 | €231,329 | -€31,351 | -11.9% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €91,735 | €96,488 | +€4,753 | +5.2% |
| Stocks | 30/36 | €91,735 | €96,488 | +€4,753 | +5.2% |
| Amounts receivable within one year | 40/41 | €134,848 | €89,535 | -€45,312 | -33.6% |
| Trade receivables | 40 | €39,118 | €20,632 | -€18,487 | -47.3% |
| Other amounts receivable | 41 | €95,729 | €68,904 | -€26,825 | -28.0% |
| Cash at bank and in hand | 54/58 | €10,506 | €11,159 | +€653 | +6.2% |
| Deferred charges and accrued income | 490/1 | €591 | €9,146 | +€8,555 | +1,447% |
| Total equity and liabilities | 10/49 | €265,232 | €233,172 | -€32,060 | -12.1% |
| Equity | 10/15 | €119,786 | €93,597 | -€26,189 | -21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,573 | €49,860 | -€24,713 | -33.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,713 | €48,000 | -€24,713 | -34.0% |
| Profit (loss) carried forward | 14 | €39,014 | €37,537 | -€1,477 | -3.8% |
| Amounts payable | 17/49 | €145,446 | €139,575 | -€5,870 | -4.0% |
| Amounts payable within one year | 42/48 | €145,446 | €139,575 | -€5,870 | -4.0% |
| Financial debts | 43 | €24,993 | €39,212 | +€14,219 | +56.9% |
| Credit institutions | 430/8 | €24,993 | €39,212 | +€14,219 | +56.9% |
| Trade debts | 44 | €49,873 | €54,956 | +€5,083 | +10.2% |
| Suppliers | 440/4 | €49,873 | €54,956 | +€5,083 | +10.2% |
| Taxes, remuneration and social security | 45 | €35,598 | €26,926 | -€8,672 | -24.4% |
| Taxes | 450/3 | €28,334 | €22,148 | -€6,186 | -21.8% |
| Remuneration and social security | 454/9 | €7,264 | €4,777 | -€2,486 | -34.2% |
| Other amounts payable | 47/48 | €34,982 | €18,482 | -€16,500 | -47.2% |
| Remuneration, social security and pensions | 62 | €31,861 | €7,467 | -€24,394 | -76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,148 | €708 | -€1,440 | -67.0% |
| Other operating charges | 640/8 | €1,107 | €3,074 | +€1,966 | +178% |
| Non-recurring operating charges | 66A | €284 | €5,718 | +€5,434 | +1,916% |
| Gross operating margin | 9900 | €53,446 | €4,785 | -€48,661 | -91.0% |
| Operating profit (loss) | 9901 | €18,045 | -€12,182 | -€30,227 | |
| Financial income | 75/76B | €2 | €3 | +€1 | +61.3% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +61.3% |
| Financial charges | 65/66B | €8,066 | €13,425 | +€5,358 | +66.4% |
| Recurring financial charges | 65 | €7,452 | €10,601 | +€3,149 | +42.3% |
| Non-recurring financial charges | 66B | €614 | €2,823 | +€2,209 | +360% |
| Profit (loss) for the period before taxes | 9903 | €9,981 | -€25,604 | -€35,584 | |
| Income taxes | 67/77 | €1,471 | €586 | -€885 | -60.2% |
| Profit (loss) for the period | 9904 | €8,510 | -€26,189 | -€34,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,510 | -€26,189 | -€34,699 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.