Havikbeek: 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.
Havikbeek
Largest movements
- Receivables within one year +€27,677
up €27,677 (+26.4%), from €104,953 to €132,629
of which Other amounts receivable: +€29,350
- Cash -€6,831
down €6,831 (-38.9%), from €17,578 to €10,747
mainly Receivables within one year (-€27,677) and Debts after one year (-€20,596)
- Reserves +€43,976
up €43,976 (+17.3%), from €254,343 to €298,319
of which Distributable reserves: +€43,976
- Debts after one year -€20,596
down €20,596 (-27.6%), from €74,552 to €53,956
- Tax, wage and social debts -€12,359
down €12,359 (-42.6%), from €29,042 to €16,683
- Trade debts +€10,140
new in 2025: €10,140
- Current portion of long-term debt -€6,627
down €6,627 (-24.3%), from €27,223 to €20,596
- Gross operating margin +€25,337
up €25,337 (+40.2%), from €63,047 to €88,384
- Financial income -€21,851
down €21,851 (-80.5%), from €27,145 to €5,294
- Taxes +€2,442
up €2,442 (+17.4%), from €14,001 to €16,443
- Depreciation -€1,665
down €1,665 (-15.4%), from €10,781 to €9,115
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 | €429,161 | €448,693 | +€19,533 | +4.6% |
| Fixed assets | 21/28 | €250,632 | €247,783 | -€2,849 | -1.1% |
| Tangible fixed assets | 22/27 | €27,632 | €24,783 | -€2,849 | -10.3% |
| Plant, machinery and equipment | 23 | €19,018 | €17,961 | -€1,057 | -5.6% |
| Furniture and vehicles | 24 | €8,614 | €6,822 | -€1,792 | -20.8% |
| Financial fixed assets | 28 | €223,000 | €223,000 | = | 0.0% |
| Current assets | 29/58 | €178,529 | €200,910 | +€22,382 | +12.5% |
| Amounts receivable within one year | 40/41 | €104,953 | €132,629 | +€27,677 | +26.4% |
| Trade receivables | 40 | €15,971 | €14,298 | -€1,673 | -10.5% |
| Other amounts receivable | 41 | €88,982 | €118,331 | +€29,350 | +33.0% |
| Current investments | 50/53 | €55,214 | €55,214 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,578 | €10,747 | -€6,831 | -38.9% |
| Deferred charges and accrued income | 490/1 | €783 | €2,319 | +€1,536 | +196% |
| Total equity and liabilities | 10/49 | €429,161 | €448,693 | +€19,533 | +4.6% |
| Equity | 10/15 | €285,843 | €329,819 | +€43,976 | +15.4% |
| Contributions | 10/11 | €31,500 | €31,500 | = | 0.0% |
| Reserves | 13 | €254,343 | €298,319 | +€43,976 | +17.3% |
| Non-distributable reserves | 130/1 | €3,150 | €3,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,150 | €3,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,048 | €11,048 | = | 0.0% |
| Distributable reserves | 133 | €240,145 | €284,121 | +€43,976 | +18.3% |
| Amounts payable | 17/49 | €143,318 | €118,874 | -€24,443 | -17.1% |
| Amounts payable after more than one year | 17 | €74,552 | €53,956 | -€20,596 | -27.6% |
| Financial debts | 170/4 | €74,552 | €53,956 | -€20,596 | -27.6% |
| Amounts payable within one year | 42/48 | €68,765 | €64,918 | -€3,847 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €27,223 | €20,596 | -€6,627 | -24.3% |
| Trade debts | 44 | - | €10,140 | +€10,140 | |
| Suppliers | 440/4 | - | €10,140 | +€10,140 | |
| Taxes, remuneration and social security | 45 | €29,042 | €16,683 | -€12,359 | -42.6% |
| Taxes | 450/3 | €29,042 | €16,683 | -€12,359 | -42.6% |
| Other amounts payable | 47/48 | €12,500 | €17,500 | +€5,000 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,781 | €9,115 | -€1,665 | -15.4% |
| Other operating charges | 640/8 | €732 | €1,074 | +€342 | +46.7% |
| Gross operating margin | 9900 | €63,047 | €88,384 | +€25,337 | +40.2% |
| Operating profit (loss) | 9901 | €51,534 | €78,195 | +€26,661 | +51.7% |
| Financial income | 75/76B | €27,145 | €5,294 | -€21,851 | -80.5% |
| Recurring financial income | 75 | €27,145 | €5,294 | -€21,851 | -80.5% |
| Financial charges | 65/66B | €6,187 | €5,570 | -€617 | -10.0% |
| Recurring financial charges | 65 | €6,187 | €5,570 | -€617 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €72,492 | €77,919 | +€5,427 | +7.5% |
| Income taxes | 67/77 | €14,001 | €16,443 | +€2,442 | +17.4% |
| Profit (loss) for the period | 9904 | €58,492 | €61,476 | +€2,985 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,492 | €61,476 | +€2,985 | +5.1% |
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 17 October 2026 via checked.be.