Havezathe: 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.
Havezathe
Largest movements
- Tangible fixed assets -€21,725
down €21,725 (-93.5%), from €23,225 to €1,500
- Provisions -€19,628
no longer reported in 2025 (was €19,628)
- Reserves -€12,941
down €12,941 (-18.4%), from €70,304 to €57,363
of which Tax-exempt reserves: -€39,852
- Tax, wage and social debts +€10,143
new in 2025: €10,143
- Depreciation +€21,725
new in 2025: €21,725
- Taxes +€10,143
new in 2025: €10,143
- Gross operating margin +€811
up €811 (+53.6%), from -€1,512 to -€701
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.
Cash bridge derived
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 | €139,511 | €117,786 | -€21,725 | -15.6% |
| Fixed assets | 21/28 | €23,225 | €1,500 | -€21,725 | -93.5% |
| Tangible fixed assets | 22/27 | €23,225 | €1,500 | -€21,725 | -93.5% |
| Land and buildings | 22 | €23,225 | €1,500 | -€21,725 | -93.5% |
| Current assets | 29/58 | €116,286 | €116,286 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €114,965 | €116,286 | +€1,321 | +1.1% |
| Other amounts receivable | 41 | €114,965 | €116,286 | +€1,321 | +1.1% |
| Cash at bank and in hand | 54/58 | €1,321 | - | -€1,321 | |
| Total equity and liabilities | 10/49 | €139,511 | €117,786 | -€21,725 | -15.6% |
| Equity | 10/15 | €119,883 | €106,942 | -€12,941 | -10.8% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Capital | 10 | €49,579 | €49,579 | = | 0.0% |
| Issued capital | 100 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €70,304 | €57,363 | -€12,941 | -18.4% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,852 | - | -€39,852 | |
| Distributable reserves | 133 | €25,452 | €52,363 | +€26,911 | +105.7% |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Provisions and deferred taxes | 16 | €19,628 | - | -€19,628 | |
| Deferred taxes | 168 | €19,628 | - | -€19,628 | |
| Amounts payable | 17/49 | - | €10,844 | +€10,844 | |
| Amounts payable within one year | 42/48 | - | €10,844 | +€10,844 | |
| Taxes, remuneration and social security | 45 | - | €10,143 | +€10,143 | |
| Taxes | 450/3 | - | €10,143 | +€10,143 | |
| Other amounts payable | 47/48 | - | €701 | +€701 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €21,725 | +€21,725 | |
| Gross operating margin | 9900 | -€1,512 | -€701 | +€811 | +53.6% |
| Operating profit (loss) | 9901 | -€1,512 | -€22,426 | -€20,914 | -1383.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,512 | -€22,426 | -€20,914 | -1383.4% |
| Transfer from deferred taxes | 780 | - | €59,480 | +€59,480 | |
| Income taxes | 67/77 | - | €10,143 | +€10,143 | |
| Profit (loss) for the period | 9904 | -€1,512 | €26,911 | +€28,423 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,512 | €26,911 | +€28,423 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.