Havi Logistics: 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.
What changed
Havi Logistics
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €91,789+€1.1m
Equity
€761,068
2024 · €596,534+€164,534
Cash
€9.9m
2024 · €8.3m+€1.6m
Balance sheet total
€29.3m
2024 · €26.6m+€2.6m
Largest movements
Assets
- Cash +€1.6m
up €1.6m (+19.3%), from €8.3m to €9.9m
mainly Net result for the year (+€1.2m) and Trade debts (+€969,647)
- Receivables within one year +€1.3m
up €1.3m (+12.6%), from €10.3m to €11.6m
of which Trade receivables: +€833,252
- Stocks and contracts -€333,369
down €333,369 (-4.9%), from €6.8m to €6.4m
Equity and liabilities
- Trade debts +€969,647
up €969,647 (+4.7%), from €20.8m to €21.8m
- Other debts +€916,211
up €916,211 (+998%), from €91,789 to €1.0m
- Tax, wage and social debts +€496,893
up €496,893 (+22.0%), from €2.3m to €2.8m
of which Taxes: +€577,138
Income statement
- Goods and materials +€12.9m
up €12.9m (+8.0%), from €160.5m to €173.4m
of which Purchases: +€12.4m
- Turnover +€12.6m
up €12.6m (+7.0%), from €180.0m to €192.5m
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.
Result 2024
€91,789
Turnover
+€12.6m
Other operating income
+€19,541
Goods and materials
-€12.9m
Services and other goods
+€265,634
Staff costs
-€305,260
Depreciation
-€18,973
Write-downs
+€1.8m
Other operating charges
+€9,565
Other operating items
+€19,011
Financial income
-€41,925
Financial charges
+€6,367
Taxes
-€345,938
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.9m
Investment
-€244,462
Financing
-€1.0m
Cash 2024
€8.3m
From operations (derived)
+€2.9m
Net result for the year
+€1.2m
Depreciation
+€293,942
Stocks and contracts
+€333,369
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€113,612
Trade debts
+€969,647
Tax, wage and social debts
+€496,893
Other debts
+€916,211
Accrued charges and deferred income
+€79,570
Investment (derived)
-€244,462
Investment in fixed assets (net)
-€244,462
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€9.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,636,460 | €29,263,315 | +€2.6m | +9.9% |
| Fixed assets | 21/28 | €809,314 | €759,834 | -€49,480 | -6.1% |
| Tangible fixed assets | 22/27 | €800,870 | €751,760 | -€49,110 | -6.1% |
| Land and buildings | 22 | €554,160 | €496,769 | -€57,391 | -10.4% |
| Plant, machinery and equipment | 23 | €154,988 | €211,644 | +€56,656 | +36.6% |
| Furniture and vehicles | 24 | €91,722 | €43,347 | -€48,375 | -52.7% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Financial fixed assets | 28 | €8,444 | €8,074 | -€370 | -4.4% |
| Other financial fixed assets | 284/8 | €8,444 | €8,074 | -€370 | -4.4% |
| Amounts receivable and cash guarantees | 285/8 | €8,444 | €8,074 | -€370 | -4.4% |
| Current assets | 29/58 | €25,827,146 | €28,503,481 | +€2.7m | +10.4% |
| Stocks and contracts in progress | 3 | €6,755,642 | €6,422,273 | -€333,369 | -4.9% |
| Stocks | 30/36 | €6,755,642 | €6,422,273 | -€333,369 | -4.9% |
| Goods purchased for resale | 34 | €6,755,642 | €6,422,273 | -€333,369 | -4.9% |
| Amounts receivable within one year | 40/41 | €10,283,859 | €11,576,684 | +€1.3m | +12.6% |
| Trade receivables | 40 | €9,810,385 | €10,643,637 | +€833,252 | +8.5% |
| Other amounts receivable | 41 | €473,474 | €933,047 | +€459,573 | +97.1% |
| Cash at bank and in hand | 54/58 | €8,303,258 | €9,906,525 | +€1.6m | +19.3% |
| Deferred charges and accrued income | 490/1 | €484,387 | €597,999 | +€113,612 | +23.5% |
| Total equity and liabilities | 10/49 | €26,636,460 | €29,263,315 | +€2.6m | +9.9% |
| Equity | 10/15 | €596,534 | €761,068 | +€164,534 | +27.6% |
| Contributions | 10/11 | €542,304 | €542,304 | = | 0.0% |
| Reserves | 13 | €54,230 | €54,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,230 | €54,230 | = | 0.0% |
| Reserves not available under the articles | 1311 | €54,230 | €54,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €164,534 | +€164,534 | |
| Amounts payable | 17/49 | €26,039,926 | €28,502,247 | +€2.5m | +9.5% |
| Amounts payable within one year | 42/48 | €23,177,904 | €25,560,655 | +€2.4m | +10.3% |
| Trade debts | 44 | €20,823,502 | €21,793,149 | +€969,647 | +4.7% |
| Suppliers | 440/4 | €20,823,502 | €21,793,149 | +€969,647 | +4.7% |
| Taxes, remuneration and social security | 45 | €2,262,613 | €2,759,506 | +€496,893 | +22.0% |
| Taxes | 450/3 | €556,041 | €1,133,179 | +€577,138 | +104% |
| Remuneration and social security | 454/9 | €1,706,572 | €1,626,327 | -€80,245 | -4.7% |
| Other amounts payable | 47/48 | €91,789 | €1,008,000 | +€916,211 | +998% |
| Accrued charges and deferred income | 492/3 | €2,862,022 | €2,941,592 | +€79,570 | +2.8% |
| Operating income | 70/76A | €180,791,430 | €193,381,988 | +€12.6m | +7.0% |
| Turnover | 70 | €179,966,106 | €192,537,123 | +€12.6m | +7.0% |
| Other operating income | 74 | €785,170 | €804,711 | +€19,541 | +2.5% |
| Non-recurring operating income | 76A | €40,154 | €40,154 | = | 0.0% |
| Operating charges | 60/66A | €180,802,362 | €191,930,679 | +€11.1m | +6.2% |
| Goods for resale, raw materials and consumables | 60 | €160,546,024 | €173,412,853 | +€12.9m | +8.0% |
| Purchases | 600/8 | €160,655,788 | €173,079,484 | +€12.4m | +7.7% |
| Change in stocks: decrease (increase) | 609 | -€109,764 | €333,369 | +€443,133 | |
| Services and other goods | 61 | €9,803,242 | €9,537,608 | -€265,634 | -2.7% |
| Remuneration, social security and pensions | 62 | €8,698,034 | €9,003,294 | +€305,260 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,969 | €293,942 | +€18,973 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,359,013 | -€409,522 | -€1.8m | |
| Other operating charges | 640/8 | €102,069 | €92,504 | -€9,565 | -9.4% |
| Non-recurring operating charges | 66A | €19,011 | - | -€19,011 | |
| Operating profit (loss) | 9901 | -€10,932 | €1,451,309 | +€1.5m | |
| Financial income | 75/76B | €213,317 | €171,392 | -€41,925 | -19.7% |
| Recurring financial income | 75 | €213,317 | €171,392 | -€41,925 | -19.7% |
| Income from financial fixed assets | 750 | €213,267 | €171,045 | -€42,222 | -19.8% |
| Other financial income | 752/9 | €50 | €347 | +€297 | +594% |
| Financial charges | 65/66B | €21,401 | €15,034 | -€6,367 | -29.8% |
| Recurring financial charges | 65 | €21,401 | €15,034 | -€6,367 | -29.8% |
| Debt charges | 650 | €292 | €16 | -€276 | -94.5% |
| Other financial charges | 652/9 | €21,109 | €15,018 | -€6,091 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €180,984 | €1,607,667 | +€1.4m | +788% |
| Income taxes | 67/77 | €89,195 | €435,133 | +€345,938 | +388% |
| Taxes | 670/3 | €100,052 | €446,016 | +€345,964 | +346% |
| Tax adjustments and reversals of tax provisions | 77 | €10,857 | €10,883 | +€26 | +0.2% |
| Profit (loss) for the period | 9904 | €91,789 | €1,172,534 | +€1.1m | +1,177% |
| Profit (loss) for the period to be appropriated | 9905 | €91,789 | €1,172,534 | +€1.1m | +1,177% |
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 14 October 2026 via checked.be.