HAVI: what changed
Two fiscal 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.
HAVI
Largest movements
- Tangible fixed assets -€6,089
down €6,089 (-34.6%), from €17,622 to €11,533
- Profit (loss) carried forward -€5,230
down €5,230 (-38.6%), from -€13,560 to -€18,790
- Current portion of long-term debt -€4,767
down €4,767 (-100.0%), from €4,767 to €0
- Other debts +€3,751
up €3,751 (+22.7%), from €16,561 to €20,312
- Trade debts +€1,956
up €1,956 (+2659.3%), from €74 to €2,029
- Tax, wage and social debts -€1,070
down €1,070 (-62.4%), from €1,714 to €644
- Gross operating margin -€7,939
down €7,939 (-74.8%), from €10,614 to €2,675
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,654 | €70,247 | -€5,408 | -7.1% |
| Fixed assets | 21/28 | €17,622 | €11,533 | -€6,089 | -34.6% |
| Tangible fixed assets | 22/27 | €17,622 | €11,533 | -€6,089 | -34.6% |
| Furniture and vehicles | 24 | €17,622 | €11,533 | -€6,089 | -34.6% |
| Current assets | 29/58 | €58,033 | €58,714 | +€681 | +1.2% |
| Amounts receivable within one year | 40/41 | €57,510 | €58,081 | +€571 | +1.0% |
| Trade receivables | 40 | €1,144 | €877 | -€267 | -23.3% |
| Other amounts receivable | 41 | €56,367 | €57,204 | +€838 | +1.5% |
| Deferred charges and accrued income | 490/1 | €522 | €632 | +€110 | +21.1% |
| Total equity and liabilities | 10/49 | €75,654 | €70,247 | -€5,408 | -7.1% |
| Equity | 10/15 | €48,582 | €43,352 | -€5,230 | -10.8% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €55,892 | €55,892 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,017 | €6,017 | = | 0.0% |
| Distributable reserves | 133 | €49,875 | €49,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,560 | -€18,790 | -€5,230 | -38.6% |
| Amounts payable | 17/49 | €27,073 | €26,895 | -€177 | -0.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €27,073 | €26,895 | -€177 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €4,767 | €0 | -€4,767 | -100.0% |
| Financial debts | 43 | €3,958 | €3,910 | -€48 | -1.2% |
| Credit institutions | 430/8 | €3,958 | €3,910 | -€48 | -1.2% |
| Trade debts | 44 | €74 | €2,029 | +€1,956 | +2659.3% |
| Suppliers | 440/4 | €74 | €2,029 | +€1,956 | +2659.3% |
| Taxes, remuneration and social security | 45 | €1,714 | €644 | -€1,070 | -62.4% |
| Taxes | 450/3 | €1,714 | €644 | -€1,070 | -62.4% |
| Other amounts payable | 47/48 | €16,561 | €20,312 | +€3,751 | +22.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,171 | €6,089 | -€83 | -1.3% |
| Other operating charges | 640/8 | €518 | €534 | +€16 | +3.0% |
| Non-recurring operating charges | 66A | €390 | €59 | -€331 | -84.9% |
| Gross operating margin | 9900 | €10,614 | €2,675 | -€7,939 | -74.8% |
| Operating profit (loss) | 9901 | €3,535 | -€4,007 | -€7,542 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,108 | €1,143 | +€35 | +3.2% |
| Recurring financial charges | 65 | €1,108 | €1,143 | +€35 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €2,427 | -€5,150 | -€7,577 | |
| Income taxes | 67/77 | €183 | €80 | -€102 | -56.0% |
| Profit (loss) for the period | 9904 | €2,244 | -€5,230 | -€7,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,244 | -€5,230 | -€7,474 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.