HAVIDA: 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.
HAVIDA
Largest movements
- Tangible fixed assets +€13,502
up €13,502 (+5.1%), from €264,392 to €277,894
of which Land and buildings: +€10,068
- Cash -€11,554
down €11,554 (-12.9%), from €89,807 to €78,253
mainly Contributions, distributions and other (-€30,268) and Investment in fixed assets (net) (-€16,644)
- Receivables within one year +€6,550
up €6,550 (+65.3%), from €10,025 to €16,574
of which Other amounts receivable: +€7,720
- Profit (loss) carried forward +€31,285
up €31,285 (+6.0%), from -€519,002 to -€487,718
- Revaluation surpluses -€30,268
down €30,268 (-20.9%), from €144,743 to €114,475
- Other debts +€6,142
up €6,142 (+3.0%), from €202,851 to €208,993
- Gross operating margin +€29,974
up €29,974 (+156.8%), from €19,119 to €49,094
- Depreciation -€3,990
down €3,990 (-55.9%), from €7,132 to €3,142
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 | €487,075 | €495,630 | +€8,555 | +1.8% |
| Fixed assets | 21/28 | €264,392 | €277,894 | +€13,502 | +5.1% |
| Tangible fixed assets | 22/27 | €264,392 | €277,894 | +€13,502 | +5.1% |
| Land and buildings | 22 | €263,560 | €273,628 | +€10,068 | +3.8% |
| Furniture and vehicles | 24 | €832 | €4,265 | +€3,434 | +412.9% |
| Current assets | 29/58 | €222,684 | €217,736 | -€4,947 | -2.2% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,025 | €16,574 | +€6,550 | +65.3% |
| Trade receivables | 40 | €1,200 | €30 | -€1,170 | -97.5% |
| Other amounts receivable | 41 | €8,825 | €16,545 | +€7,720 | +87.5% |
| Cash at bank and in hand | 54/58 | €89,807 | €78,253 | -€11,554 | -12.9% |
| Deferred charges and accrued income | 490/1 | €2,852 | €2,909 | +€58 | +2.0% |
| Total equity and liabilities | 10/49 | €487,075 | €495,630 | +€8,555 | +1.8% |
| Equity | 10/15 | €221 | €1,237 | +€1,016 | +460.8% |
| Contributions | 10/11 | €374,480 | €374,480 | = | 0.0% |
| Capital | 10 | €374,480 | €374,480 | = | 0.0% |
| Issued capital | 100 | €374,480 | €374,480 | = | 0.0% |
| Revaluation surpluses | 12 | €144,743 | €114,475 | -€30,268 | -20.9% |
| Profit (loss) carried forward | 14 | -€519,002 | -€487,718 | +€31,285 | +6.0% |
| Amounts payable | 17/49 | €486,855 | €494,393 | +€7,538 | +1.5% |
| Amounts payable after more than one year | 17 | €283,686 | €283,686 | = | 0.0% |
| Financial debts | 170/4 | €283,686 | €283,686 | = | 0.0% |
| Amounts payable within one year | 42/48 | €203,169 | €209,156 | +€5,987 | +2.9% |
| Trade debts | 44 | €318 | €163 | -€154 | -48.6% |
| Suppliers | 440/4 | €318 | €163 | -€154 | -48.6% |
| Other amounts payable | 47/48 | €202,851 | €208,993 | +€6,142 | +3.0% |
| Accrued charges and deferred income | 492/3 | €0 | €1,551 | +€1,551 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,132 | €3,142 | -€3,990 | -55.9% |
| Other operating charges | 640/8 | €6,759 | €6,968 | +€209 | +3.1% |
| Gross operating margin | 9900 | €19,119 | €49,094 | +€29,974 | +156.8% |
| Operating profit (loss) | 9901 | €5,229 | €38,984 | +€33,755 | +645.6% |
| Financial charges | 65/66B | €7,653 | €7,699 | +€46 | +0.6% |
| Recurring financial charges | 65 | €7,653 | €7,699 | +€46 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,424 | €31,285 | +€33,709 | |
| Profit (loss) for the period | 9904 | -€2,424 | €31,285 | +€33,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,424 | €31,285 | +€33,709 |
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.