HAVIBAT: 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.
HAVIBAT
Largest movements
- Tangible fixed assets +€39,388
up €39,388 (+11,024%), from €357 to €39,745
of which Furniture and vehicles: +€39,596
- Cash +€18,775
up €18,775 (+20,392%), from €92 to €18,867
mainly Net result for the year (+€32,509) and Debts after one year (+€28,056)
- Receivables within one year -€4,331
down €4,331 (-85.1%), from €5,090 to €759
of which Trade receivables: -€3,631
- Profit (loss) carried forward +€32,509
up €32,509 (+16.9%), from -€192,907 to -€160,398
- Debts after one year +€28,056
new in 2025: €28,056
- Other debts -€18,897
down €18,897 (-10.9%), from €173,088 to €154,192
- Current portion of long-term debt +€7,297
new in 2025: €7,297
- Trade debts +€3,934
up €3,934 (+143%), from €2,747 to €6,681
- Gross operating margin +€29,844
up €29,844 (+44.7%), from €66,708 to €96,552
- Staff costs +€6,626
up €6,626 (+15.0%), from €44,153 to €50,779
- Other operating charges +€6,052
up €6,052 (+658%), from €920 to €6,972
- Depreciation +€4,381
up €4,381 (+1,024%), from €428 to €4,809
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 | €7,136 | €60,984 | +€53,849 | +755% |
| Fixed assets | 21/28 | €1,607 | €40,995 | +€39,388 | +2,451% |
| Tangible fixed assets | 22/27 | €357 | €39,745 | +€39,388 | +11,024% |
| Plant, machinery and equipment | 23 | €357 | €149 | -€208 | -58.2% |
| Furniture and vehicles | 24 | €0 | €39,596 | +€39,596 | |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €5,528 | €19,989 | +€14,461 | +262% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €5,090 | €759 | -€4,331 | -85.1% |
| Trade receivables | 40 | €3,631 | €0 | -€3,631 | -100% |
| Other amounts receivable | 41 | €1,459 | €759 | -€700 | -48.0% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92 | €18,867 | +€18,775 | +20,392% |
| Deferred charges and accrued income | 490/1 | €346 | €363 | +€17 | +4.8% |
| Total equity and liabilities | 10/49 | €7,136 | €60,984 | +€53,849 | +755% |
| Equity | 10/15 | -€172,456 | -€139,947 | +€32,509 | +18.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,907 | -€160,398 | +€32,509 | +16.9% |
| Amounts payable | 17/49 | €179,592 | €200,931 | +€21,339 | +11.9% |
| Amounts payable after more than one year | 17 | - | €28,056 | +€28,056 | |
| Financial debts | 170/4 | - | €28,056 | +€28,056 | |
| Amounts payable within one year | 42/48 | €179,592 | €172,876 | -€6,716 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,297 | +€7,297 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,747 | €6,681 | +€3,934 | +143% |
| Suppliers | 440/4 | €2,747 | €6,681 | +€3,934 | +143% |
| Taxes, remuneration and social security | 45 | €3,757 | €4,706 | +€949 | +25.3% |
| Taxes | 450/3 | €595 | €1,958 | +€1,363 | +229% |
| Remuneration and social security | 454/9 | €3,162 | €2,748 | -€414 | -13.1% |
| Other amounts payable | 47/48 | €173,088 | €154,192 | -€18,897 | -10.9% |
| Remuneration, social security and pensions | 62 | €44,153 | €50,779 | +€6,626 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €428 | €4,809 | +€4,381 | +1,024% |
| Other operating charges | 640/8 | €920 | €6,972 | +€6,052 | +658% |
| Gross operating margin | 9900 | €66,708 | €96,552 | +€29,844 | +44.7% |
| Operating profit (loss) | 9901 | €21,208 | €33,992 | +€12,784 | +60.3% |
| Financial income | 75/76B | €0 | €7 | +€7 | +35,250% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +35,250% |
| Financial charges | 65/66B | €443 | €1,294 | +€851 | +192% |
| Recurring financial charges | 65 | €443 | €1,294 | +€851 | +192% |
| Profit (loss) for the period before taxes | 9903 | €20,764 | €32,705 | +€11,940 | +57.5% |
| Income taxes | 67/77 | €91 | €195 | +€105 | +116% |
| Profit (loss) for the period | 9904 | €20,674 | €32,509 | +€11,835 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,674 | €32,509 | +€11,835 | +57.2% |
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 23 October 2026 via checked.be.