Havermarkt: 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.
Havermarkt
Largest movements
- Financial fixed assets +€1.6m
up €1.6m (+69.4%), from €2.2m to €3.8m
- Stocks and contracts -€1.3m
down €1.3m (-39.0%), from €3.4m to €2.1m
- Cash -€490,374
down €490,374 (-59.4%), from €825,336 to €334,962
mainly Investment in fixed assets (net) (-€1.6m) and Short-term financial debts (-€1.4m)
- Receivables within one year +€217,099
up €217,099 (+27.0%), from €805,164 to €1.0m
of which Trade receivables: +€216,449
- Short-term financial debts -€1.4m
down €1.4m (-21.3%), from €6.4m to €5.1m
- Other debts +€640,874
up €640,874, from €0 to €640,874
- Profit (loss) carried forward +€467,229
up €467,229 (+88.1%), from €530,617 to €997,846
- Trade debts +€191,476
up €191,476 (+237%), from €80,762 to €272,239
- Turnover -€4.5m
down €4.5m (-66.9%), from €6.7m to €2.2m
- Purchases and services -€3.6m
down €3.6m (-71.3%), from €5.0m to €1.4m
- Gross operating margin -€1.6m
down €1.6m (-66.7%), from €2.4m to €797,147
- Financial income +€371,895
up €371,895 (+5,029%), from €7,395 to €379,289
of which Financial income: +€371,895
- Other operating charges -€112,562
down €112,562 (-99.0%), from €113,661 to €1,098
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 | €7,317,772 | €7,261,741 | -€56,032 | -0.8% |
| Fixed assets | 21/28 | €2,244,757 | €3,803,314 | +€1.6m | +69.4% |
| Financial fixed assets | 28 | €2,244,757 | €3,803,314 | +€1.6m | +69.4% |
| Current assets | 29/58 | €5,073,016 | €3,458,427 | -€1.6m | -31.8% |
| Stocks and contracts in progress | 3 | €3,442,515 | €2,101,201 | -€1.3m | -39.0% |
| Stocks | 30/36 | €3,442,515 | €2,101,201 | -€1.3m | -39.0% |
| Amounts receivable within one year | 40/41 | €805,164 | €1,022,264 | +€217,099 | +27.0% |
| Trade receivables | 40 | €805,164 | €1,021,614 | +€216,449 | +26.9% |
| Other amounts receivable | 41 | €0 | €650 | +€650 | |
| Cash at bank and in hand | 54/58 | €825,336 | €334,962 | -€490,374 | -59.4% |
| Total equity and liabilities | 10/49 | €7,317,772 | €7,261,741 | -€56,032 | -0.8% |
| Equity | 10/15 | €598,817 | €1,066,046 | +€467,229 | +78.0% |
| 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 | €530,617 | €997,846 | +€467,229 | +88.1% |
| Amounts payable | 17/49 | €6,718,956 | €6,195,695 | -€523,261 | -7.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €6,718,956 | €6,137,467 | -€581,489 | -8.7% |
| Financial debts | 43 | €6,420,000 | €5,054,272 | -€1.4m | -21.3% |
| Credit institutions | 430/8 | €6,420,000 | €5,054,272 | -€1.4m | -21.3% |
| Trade debts | 44 | €80,762 | €272,239 | +€191,476 | +237% |
| Suppliers | 440/4 | €80,762 | €272,239 | +€191,476 | +237% |
| Taxes, remuneration and social security | 45 | €218,193 | €170,083 | -€48,111 | -22.0% |
| Taxes | 450/3 | €218,193 | €170,083 | -€48,111 | -22.0% |
| Other amounts payable | 47/48 | €0 | €640,874 | +€640,874 | |
| Accrued charges and deferred income | 492/3 | €0 | €58,227 | +€58,227 | |
| Turnover | 70 | €6,713,999 | €2,223,725 | -€4.5m | -66.9% |
| Non-recurring operating income | 76A | €694 | €0 | -€694 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,985,598 | €1,432,566 | -€3.6m | -71.3% |
| Other operating charges | 640/8 | €113,661 | €1,098 | -€112,562 | -99.0% |
| Gross operating margin | 9900 | €2,395,214 | €797,147 | -€1.6m | -66.7% |
| Operating profit (loss) | 9901 | €2,281,553 | €796,048 | -€1.5m | -65.1% |
| Financial income | 75/76B | €7,395 | €379,289 | +€371,895 | +5,029% |
| Recurring financial income | 75 | €7,395 | €379,289 | +€371,895 | +5,029% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €545,010 | €538,025 | -€6,984 | -1.3% |
| Recurring financial charges | 65 | €545,010 | €538,025 | -€6,984 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €1,743,938 | €637,312 | -€1.1m | -63.5% |
| Income taxes | 67/77 | €216,553 | €170,083 | -€46,471 | -21.5% |
| Profit (loss) for the period | 9904 | €1,527,385 | €467,229 | -€1.1m | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,527,385 | €467,229 | -€1.1m | -69.4% |
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 27 October 2026 via checked.be.