HAVETTE CONSTRUCT: 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.
HAVETTE CONSTRUCT
Largest movements
- Stocks and contracts -€2.4m
down €2.4m (-26.6%), from €9.2m to €6.7m
- Receivables within one year +€246,258
up €246,258 (+1,780%), from €13,837 to €260,095
of which Other amounts receivable: +€220,237
- Short-term financial debts -€1.5m
down €1.5m (-28.4%), from €5.3m to €3.8m
- Profit (loss) carried forward -€443,540
down €443,540, from €13,471 to -€430,069
- Trade debts -€379,653
down €379,653 (-59.1%), from €642,847 to €263,194
- Tax, wage and social debts +€204,874
up €204,874 (+147%), from €139,139 to €344,013
- Other debts -€110,011
down €110,011 (-3.5%), from €3.1m to €3.0m
- Purchases and services -€1.8m
no longer reported in 2025 (was €1.8m)
- Turnover -€1.5m
no longer reported in 2025 (was €1.5m)
- Financial charges +€240,845
up €240,845 (+962%), from €25,024 to €265,869
- Taxes -€133,941
no longer reported in 2025 (was €133,941)
- Gross operating margin +€110,505
up €110,505 (+38.5%), from -€287,178 to -€176,673
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 | €9,187,737 | €6,994,674 | -€2.2m | -23.9% |
| Current assets | 29/58 | €9,187,737 | €6,994,674 | -€2.2m | -23.9% |
| Stocks and contracts in progress | 3 | €9,173,900 | €6,733,227 | -€2.4m | -26.6% |
| Stocks | 30/36 | €9,173,900 | €6,733,227 | -€2.4m | -26.6% |
| Amounts receivable within one year | 40/41 | €13,837 | €260,095 | +€246,258 | +1,780% |
| Trade receivables | 40 | €13,837 | €39,859 | +€26,022 | +188% |
| Other amounts receivable | 41 | €0 | €220,237 | +€220,237 | |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €0 | €1,352 | +€1,352 | |
| Total equity and liabilities | 10/49 | €9,187,737 | €6,994,674 | -€2.2m | -23.9% |
| Equity | 10/15 | €23,471 | -€420,069 | -€443,540 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,471 | -€430,069 | -€443,540 | |
| Amounts payable | 17/49 | €9,164,266 | €7,414,744 | -€1.7m | -19.1% |
| Amounts payable within one year | 42/48 | €9,160,718 | €7,382,123 | -€1.8m | -19.4% |
| Financial debts | 43 | €5,257,406 | €3,763,601 | -€1.5m | -28.4% |
| Credit institutions | 430/8 | €5,257,406 | €3,763,601 | -€1.5m | -28.4% |
| Trade debts | 44 | €642,847 | €263,194 | -€379,653 | -59.1% |
| Suppliers | 440/4 | €642,847 | €263,194 | -€379,653 | -59.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €139,139 | €344,013 | +€204,874 | +147% |
| Taxes | 450/3 | €139,139 | €344,013 | +€204,874 | +147% |
| Other amounts payable | 47/48 | €3,121,326 | €3,011,315 | -€110,011 | -3.5% |
| Accrued charges and deferred income | 492/3 | €3,549 | €32,621 | +€29,073 | +819% |
| Turnover | 70 | €1,485,955 | - | -€1.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,773,133 | - | -€1.8m | |
| Other operating charges | 640/8 | €5,121 | €998 | -€4,122 | -80.5% |
| Gross operating margin | 9900 | -€287,178 | -€176,673 | +€110,505 | +38.5% |
| Operating profit (loss) | 9901 | -€292,298 | -€177,671 | +€114,627 | +39.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €25,024 | €265,869 | +€240,845 | +962% |
| Recurring financial charges | 65 | €25,024 | €265,869 | +€240,845 | +962% |
| Profit (loss) for the period before taxes | 9903 | -€317,323 | -€443,540 | -€126,218 | -39.8% |
| Income taxes | 67/77 | €133,941 | - | -€133,941 | |
| Profit (loss) for the period | 9904 | -€451,264 | -€443,540 | +€7,723 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€451,264 | -€443,540 | +€7,723 | +1.7% |
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 20 October 2026 via checked.be.