Havia: 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.
Havia
Largest movements
- Receivables within one year +€682
up €682 (+74.4%), from €916 to €1,598
of which Other amounts receivable: +€343
- Cash +€137
up €137 (+6.7%), from €2,046 to €2,183
mainly Debts after one year (+€2,634) and Trade debts (+€358)
- Debts after one year +€2,634
up €2,634 (+12.3%), from €21,482 to €24,116
- Profit (loss) carried forward -€2,173
down €2,173 (-5.3%), from -€41,009 to -€43,183
- Trade debts +€358
up €358 (+29.1%), from €1,230 to €1,588
- Depreciation -€1,013
no longer reported in 2025 (was €1,013)
- Gross operating margin +€662
up €662 (+26.7%), from -€2,481 to -€1,819
- Other operating charges -€73
down €73 (-27.2%), from €268 to €195
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 | €2,962 | €3,782 | +€820 | +27.7% |
| Current assets | 29/58 | €2,962 | €3,782 | +€820 | +27.7% |
| Amounts receivable within one year | 40/41 | €916 | €1,598 | +€682 | +74.4% |
| Trade receivables | 40 | €480 | €819 | +€339 | +70.5% |
| Other amounts receivable | 41 | €436 | €779 | +€343 | +78.8% |
| Cash at bank and in hand | 54/58 | €2,046 | €2,183 | +€137 | +6.7% |
| Total equity and liabilities | 10/49 | €2,962 | €3,782 | +€820 | +27.7% |
| Equity | 10/15 | -€19,749 | -€21,923 | -€2,173 | -11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,860 | €8,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,009 | -€43,183 | -€2,173 | -5.3% |
| Amounts payable | 17/49 | €22,712 | €25,704 | +€2,993 | +13.2% |
| Amounts payable after more than one year | 17 | €21,482 | €24,116 | +€2,634 | +12.3% |
| Other amounts payable | 178/9 | €21,482 | €24,116 | +€2,634 | +12.3% |
| Amounts payable within one year | 42/48 | €1,230 | €1,588 | +€358 | +29.1% |
| Trade debts | 44 | €1,230 | €1,588 | +€358 | +29.1% |
| Suppliers | 440/4 | €1,230 | €1,588 | +€358 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,013 | - | -€1,013 | |
| Other operating charges | 640/8 | €268 | €195 | -€73 | -27.2% |
| Gross operating margin | 9900 | -€2,481 | -€1,819 | +€662 | +26.7% |
| Operating profit (loss) | 9901 | -€3,761 | -€2,014 | +€1,748 | +46.5% |
| Financial charges | 65/66B | €174 | €160 | -€14 | -8.0% |
| Recurring financial charges | 65 | €174 | €160 | -€14 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,935 | -€2,173 | +€1,762 | +44.8% |
| Profit (loss) for the period | 9904 | -€3,935 | -€2,173 | +€1,762 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,935 | -€2,173 | +€1,762 | +44.8% |
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 30 October 2026 via checked.be.