HAVERBO: 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.
HAVERBO
Largest movements
- Cash +€19,589
up €19,589 (+111%), from €17,583 to €37,173
mainly Net result for the year (+€15,060) and Receivables within one year (+€13,197)
- Receivables within one year -€13,197
down €13,197 (-14.7%), from €89,805 to €76,608
of which Other amounts receivable: -€20,418
- Reserves +€6,725
up €6,725 (+9.6%), from €70,078 to €76,803
- Gross operating margin -€1,001
down €1,001 (-4.1%), from €24,625 to €23,625
- Taxes -€488
down €488 (-5.8%), from €8,397 to €7,909
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 | €107,855 | €114,248 | +€6,393 | +5.9% |
| Current assets | 29/58 | €107,855 | €114,248 | +€6,393 | +5.9% |
| Amounts receivable within one year | 40/41 | €89,805 | €76,608 | -€13,197 | -14.7% |
| Trade receivables | 40 | €30,619 | €37,840 | +€7,221 | +23.6% |
| Other amounts receivable | 41 | €59,186 | €38,768 | -€20,418 | -34.5% |
| Cash at bank and in hand | 54/58 | €17,583 | €37,173 | +€19,589 | +111% |
| Deferred charges and accrued income | 490/1 | €466 | €466 | = | 0.0% |
| Total equity and liabilities | 10/49 | €107,855 | €114,248 | +€6,393 | +5.9% |
| Equity | 10/15 | €88,628 | €95,353 | +€6,725 | +7.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €70,078 | €76,803 | +€6,725 | +9.6% |
| Distributable reserves | 133 | €70,078 | €76,803 | +€6,725 | +9.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €19,227 | €18,894 | -€332 | -1.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €19,227 | €18,894 | -€332 | -1.7% |
| Trade debts | 44 | €279 | €81 | -€198 | -71.1% |
| Suppliers | 440/4 | €279 | €81 | -€198 | -71.1% |
| Taxes, remuneration and social security | 45 | €18,948 | €18,814 | -€134 | -0.7% |
| Taxes | 450/3 | €18,948 | €18,814 | -€134 | -0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €24,625 | €23,625 | -€1,001 | -4.1% |
| Operating profit (loss) | 9901 | €24,056 | €23,039 | -€1,017 | -4.2% |
| Financial income | 75/76B | €147 | €0 | -€147 | -100% |
| Recurring financial income | 75 | €147 | €0 | -€147 | -100% |
| Financial charges | 65/66B | €168 | €70 | -€97 | -58.0% |
| Recurring financial charges | 65 | €168 | €70 | -€97 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | €24,035 | €22,969 | -€1,066 | -4.4% |
| Income taxes | 67/77 | €8,397 | €7,909 | -€488 | -5.8% |
| Profit (loss) for the period | 9904 | €15,638 | €15,060 | -€578 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,638 | €15,060 | -€578 | -3.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.