HAVIMO: 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.
HAVIMO
Largest movements
- Cash -€13,933
down €13,933 (-17.5%), from €79,393 to €65,460
mainly Investment in fixed assets (net) (-€11,478) and Net result for the year (-€6,256)
- Tangible fixed assets +€9,795
up €9,795 (+21.8%), from €44,839 to €54,635
of which Land and buildings: +€9,795
- Profit (loss) carried forward -€6,256
down €6,256 (-10.9%), from €57,294 to €51,038
- Depreciation -€1,528
down €1,528 (-47.6%), from €3,210 to €1,682
- Gross operating margin +€1,189
up €1,189 (+226%), from €526 to €1,714
- Other operating charges +€562
up €562 (+10.1%), from €5,539 to €6,101
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 | €126,823 | €121,830 | -€4,993 | -3.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €44,839 | €54,635 | +€9,795 | +21.8% |
| Tangible fixed assets | 22/27 | €44,839 | €54,635 | +€9,795 | +21.8% |
| Land and buildings | 22 | €44,839 | €54,635 | +€9,795 | +21.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €81,984 | €67,195 | -€14,789 | -18.0% |
| Amounts receivable within one year | 40/41 | €1,860 | €1,735 | -€125 | -6.7% |
| Trade receivables | 40 | €0 | €735 | +€735 | |
| Other amounts receivable | 41 | €1,860 | €1,000 | -€860 | -46.2% |
| Cash at bank and in hand | 54/58 | €79,393 | €65,460 | -€13,933 | -17.5% |
| Deferred charges and accrued income | 490/1 | €731 | €0 | -€731 | -100% |
| Total equity and liabilities | 10/49 | €126,823 | €121,830 | -€4,993 | -3.9% |
| Equity | 10/15 | €126,402 | €120,146 | -€6,256 | -4.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €7,135 | €7,135 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,135 | €7,135 | = | 0.0% |
| Legal reserve | 130 | €7,135 | €7,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,294 | €51,038 | -€6,256 | -10.9% |
| Amounts payable | 17/49 | €420 | €1,683 | +€1,263 | +300% |
| Amounts payable within one year | 42/48 | €420 | €1,683 | +€1,263 | +300% |
| Trade debts | 44 | €0 | €75 | +€75 | |
| Suppliers | 440/4 | €0 | €75 | +€75 | |
| Taxes, remuneration and social security | 45 | €380 | €669 | +€289 | +76.1% |
| Taxes | 450/3 | €380 | €669 | +€289 | +76.1% |
| Other amounts payable | 47/48 | €41 | €940 | +€899 | +2,204% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,210 | €1,682 | -€1,528 | -47.6% |
| Other operating charges | 640/8 | €5,539 | €6,101 | +€562 | +10.1% |
| Gross operating margin | 9900 | €526 | €1,714 | +€1,189 | +226% |
| Operating profit (loss) | 9901 | -€8,224 | -€6,069 | +€2,155 | +26.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €188 | €187 | -€0 | -0.2% |
| Recurring financial charges | 65 | €188 | €187 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,411 | -€6,256 | +€2,155 | +25.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,411 | -€6,256 | +€2,155 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,411 | -€6,256 | +€2,155 | +25.6% |
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 20 October 2026 via checked.be.