Havermarkt 26: 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 26
Largest movements
- Tangible fixed assets -€22,027
down €22,027 (-6.0%), from €367,429 to €345,402
of which Land and buildings: -€21,216
- Receivables within one year +€8,547
up €8,547 (+2.1%), from €416,728 to €425,275
- Debts after one year -€39,883
down €39,883 (-20.9%), from €190,518 to €150,635
- Trade debts +€11,869
up €11,869 (+84.6%), from €14,038 to €25,907
- Reserves +€11,187
up €11,187 (+2.5%), from €441,196 to €452,383
of which Distributable reserves: +€19,844
- Current portion of long-term debt -€9,470
down €9,470 (-18.1%), from €52,451 to €42,982
- Other debts +€9,300
up €9,300 (+117%), from €7,950 to €17,250
- Gross operating margin -€9,262
down €9,262 (-12.7%), from €72,859 to €63,596
- Other operating charges +€4,428
up €4,428 (+36.2%), from €12,237 to €16,664
- Taxes -€3,817
down €3,817 (-34.5%), from €11,047 to €7,231
- Financial charges +€1,377
up €1,377 (+15.6%), from €8,808 to €10,185
- Depreciation -€811
down €811 (-3.7%), from €22,027 to €21,216
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €788,215 | €770,872 | -€17,343 | -2.2% |
| Fixed assets | 21/28 | €367,429 | €345,402 | -€22,027 | -6.0% |
| Tangible fixed assets | 22/27 | €367,429 | €345,402 | -€22,027 | -6.0% |
| Land and buildings | 22 | €366,618 | €345,402 | -€21,216 | -5.8% |
| Plant, machinery and equipment | 23 | €812 | - | -€812 | |
| Current assets | 29/58 | €420,785 | €425,470 | +€4,685 | +1.1% |
| Amounts receivable within one year | 40/41 | €416,728 | €425,275 | +€8,547 | +2.1% |
| Other amounts receivable | 41 | €416,728 | €425,275 | +€8,547 | +2.1% |
| Cash at bank and in hand | 54/58 | €576 | €162 | -€413 | -71.8% |
| Deferred charges and accrued income | 490/1 | €3,482 | €33 | -€3,449 | -99.1% |
| Total equity and liabilities | 10/49 | €788,215 | €770,872 | -€17,343 | -2.2% |
| Equity | 10/15 | €459,796 | €470,983 | +€11,187 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €441,196 | €452,383 | +€11,187 | +2.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,675 | €106,019 | -€8,657 | -7.5% |
| Distributable reserves | 133 | €324,660 | €344,504 | +€19,844 | +6.1% |
| Provisions and deferred taxes | 16 | €38,225 | €35,340 | -€2,886 | -7.5% |
| Deferred taxes | 168 | €38,225 | €35,340 | -€2,886 | -7.5% |
| Amounts payable | 17/49 | €290,194 | €264,550 | -€25,644 | -8.8% |
| Amounts payable after more than one year | 17 | €190,518 | €150,635 | -€39,883 | -20.9% |
| Financial debts | 170/4 | €190,518 | €150,635 | -€39,883 | -20.9% |
| Amounts payable within one year | 42/48 | €99,676 | €113,915 | +€14,239 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €52,451 | €42,982 | -€9,470 | -18.1% |
| Financial debts | 43 | €14,190 | €20,546 | +€6,356 | +44.8% |
| Credit institutions | 430/8 | €14,190 | €20,546 | +€6,356 | +44.8% |
| Trade debts | 44 | €14,038 | €25,907 | +€11,869 | +84.6% |
| Suppliers | 440/4 | €14,038 | €25,907 | +€11,869 | +84.6% |
| Taxes, remuneration and social security | 45 | €11,047 | €7,231 | -€3,817 | -34.5% |
| Taxes | 450/3 | €11,047 | €7,231 | -€3,817 | -34.5% |
| Other amounts payable | 47/48 | €7,950 | €17,250 | +€9,300 | +117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,027 | €21,216 | -€811 | -3.7% |
| Other operating charges | 640/8 | €12,237 | €16,664 | +€4,428 | +36.2% |
| Gross operating margin | 9900 | €72,859 | €63,596 | -€9,262 | -12.7% |
| Operating profit (loss) | 9901 | €38,595 | €25,716 | -€12,879 | -33.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,300% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,300% |
| Financial charges | 65/66B | €8,808 | €10,185 | +€1,377 | +15.6% |
| Recurring financial charges | 65 | €8,808 | €10,185 | +€1,377 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €29,787 | €15,532 | -€14,255 | -47.9% |
| Transfer from deferred taxes | 780 | €2,886 | €2,886 | = | 0.0% |
| Income taxes | 67/77 | €11,047 | €7,231 | -€3,817 | -34.5% |
| Profit (loss) for the period | 9904 | €21,625 | €11,187 | -€10,438 | -48.3% |
| Transfer from tax-exempt reserves | 789 | €8,657 | €8,657 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,282 | €19,844 | -€10,438 | -34.5% |
Source: filed annual accounts (NBB), financial years ended 31 August 2023 and 31 August 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.