Havick: 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.
Havick
Largest movements
- Cash +€31,944
up €31,944 (+97.0%), from €32,937 to €64,881
mainly Net result for the year (+€30,877) and Depreciation (+€4,034)
- Receivables within one year +€1,463
up €1,463 (+10.7%), from €13,681 to €15,143
of which Other amounts receivable: +€964
- Reserves +€30,877
up €30,877 (+57.0%), from €54,144 to €85,021
- Tax, wage and social debts +€3,439
up €3,439 (+302.8%), from €1,136 to €4,575
of which Taxes: +€4,575
- Gross operating margin +€8,963
up €8,963 (+23.4%), from €38,370 to €47,332
- Taxes +€1,729
up €1,729 (+21.3%), from €8,118 to €9,848
- Depreciation +€1,129
up €1,129 (+38.9%), from €2,905 to €4,034
- Financial charges -€568
down €568 (-20.0%), from €2,848 to €2,280
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 | €58,684 | €92,353 | +€33,669 | +57.4% |
| Fixed assets | 21/28 | €11,696 | €12,329 | +€632 | +5.4% |
| Tangible fixed assets | 22/27 | €11,696 | €12,329 | +€632 | +5.4% |
| Land and buildings | 22 | €2,206 | €6,469 | +€4,263 | +193.2% |
| Plant, machinery and equipment | 23 | €2,206 | €1,033 | -€1,173 | -53.2% |
| Furniture and vehicles | 24 | €7,284 | €4,826 | -€2,458 | -33.7% |
| Current assets | 29/58 | €46,988 | €80,025 | +€33,037 | +70.3% |
| Amounts receivable within one year | 40/41 | €13,681 | €15,143 | +€1,463 | +10.7% |
| Trade receivables | 40 | €12,003 | €12,502 | +€499 | +4.2% |
| Other amounts receivable | 41 | €1,678 | €2,642 | +€964 | +57.5% |
| Cash at bank and in hand | 54/58 | €32,937 | €64,881 | +€31,944 | +97.0% |
| Deferred charges and accrued income | 490/1 | €369 | - | -€369 | |
| Total equity and liabilities | 10/49 | €58,684 | €92,353 | +€33,669 | +57.4% |
| Equity | 10/15 | €55,644 | €86,521 | +€30,877 | +55.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €54,144 | €85,021 | +€30,877 | +57.0% |
| Distributable reserves | 133 | €54,144 | €85,021 | +€30,877 | +57.0% |
| Amounts payable | 17/49 | €3,040 | €5,833 | +€2,792 | +91.8% |
| Amounts payable within one year | 42/48 | €3,040 | €5,833 | +€2,792 | +91.8% |
| Trade debts | 44 | €1,385 | €1,258 | -€127 | -9.2% |
| Suppliers | 440/4 | €1,385 | €1,258 | -€127 | -9.2% |
| Taxes, remuneration and social security | 45 | €1,136 | €4,575 | +€3,439 | +302.8% |
| Taxes | 450/3 | - | €4,575 | +€4,575 | |
| Remuneration and social security | 454/9 | €1,136 | - | -€1,136 | |
| Other amounts payable | 47/48 | €520 | - | -€520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,905 | €4,034 | +€1,129 | +38.9% |
| Other operating charges | 640/8 | €270 | €294 | +€24 | +8.9% |
| Gross operating margin | 9900 | €38,370 | €47,332 | +€8,963 | +23.4% |
| Operating profit (loss) | 9901 | €35,195 | €43,004 | +€7,809 | +22.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,848 | €2,280 | -€568 | -20.0% |
| Recurring financial charges | 65 | €2,848 | €2,280 | -€568 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €32,347 | €40,725 | +€8,377 | +25.9% |
| Income taxes | 67/77 | €8,118 | €9,848 | +€1,729 | +21.3% |
| Profit (loss) for the period | 9904 | €24,229 | €30,877 | +€6,648 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,229 | €30,877 | +€6,648 | +27.4% |
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 3 October 2026 via checked.be.