Havinet: 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.
What changed
Havinet
NACE 87.202, Residential care activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€870,523
2024 · €791,466+€79,057
Equity
€31.2m
2024 · €29.4m+€1.8m
Cash
€13.6m
2024 · €10.9m+€2.6m
Balance sheet total
€47.5m
2024 · €42.7m+€4.8m
Largest movements
Assets
- Cash +€2.6m
up €2.6m (+23.9%), from €10.9m to €13.6m
mainly Debts after one year (+€3.2m) and Depreciation (+€1.6m)
- Tangible fixed assets +€2.6m
up €2.6m (+10.4%), from €24.7m to €27.3m
of which Assets under construction and advance payments: +€3.6m
Equity and liabilities
- Debts after one year +€3.2m
up €3.2m (+52.2%), from €6.1m to €9.3m
of which Financial debts: +€3.2m
- Contributions +€1.2m
up €1.2m (+18.2%), from €6.6m to €7.8m
- Reserves +€894,071
up €894,071 (+10.7%), from €8.4m to €9.2m
Income statement
- Staff costs +€1.0m
up €1.0m (+4.1%), from €25.7m to €26.7m
- Services and other goods +€160,707
up €160,707 (+6.5%), from €2.5m to €2.7m
- Turnover +€109,957
up €109,957 (+2.7%), from €4.1m to €4.2m
- Financial charges +€87,616
up €87,616 (+82.6%), from €106,038 to €193,654
of which Financial charges: +€87,616
- Other operating income +€84,817
up €84,817 (+11.1%), from €764,754 to €849,571
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.
Result 2024
€791,466
Turnover
+€109,957
Other operating income
+€84,817
Goods and materials
-€1,060
Services and other goods
-€160,707
Staff costs
-€1.0m
Depreciation
-€43,263
Other operating charges
-€21,009
Other operating items
+€1.3m
Financial income
-€29,046
Financial charges
-€87,616
Result 2025
€870,523
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.
From operations
+€2.4m
Investment
-€3.9m
Financing
+€4.1m
Cash 2024
€10.9m
From operations (derived)
+€2.4m
Net result for the year
+€870,523
Depreciation
+€1.6m
Receivables after one year
+€151,725
Stocks and contracts
-€401,454
Receivables within one year
+€196,789
Deferred charges and accrued income
+€212,027
Provisions
-€24,081
Debts within one year
-€181,398
Accrued charges and deferred income
+€5,100
Investment (derived)
-€3.9m
Investment in fixed assets (net)
-€4.2m
Current investments
+€272,101
Financing
+€4.1m
Debts after one year
+€3.2m
Contributions, distributions and other
+€920,019
Cash 2025
€13.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,731,305 | €47,495,728 | +€4.8m | +11.1% |
| Fixed assets | 21/28 | €24,764,405 | €27,346,756 | +€2.6m | +10.4% |
| Intangible fixed assets | 21 | €10,010 | €7,043 | -€2,967 | -29.6% |
| Tangible fixed assets | 22/27 | €24,740,685 | €27,326,003 | +€2.6m | +10.4% |
| Land and buildings | 22 | €19,409,111 | €18,391,512 | -€1.0m | -5.2% |
| Plant, machinery and equipment | 23 | €691,687 | €646,711 | -€44,976 | -6.5% |
| Furniture and vehicles | 24 | €827,678 | €888,925 | +€61,247 | +7.4% |
| Leasing and similar rights | 25 | €432,466 | €425,996 | -€6,470 | -1.5% |
| Other tangible fixed assets | 26 | €439,750 | €446,361 | +€6,611 | +1.5% |
| Assets under construction and advance payments | 27 | €2,939,993 | €6,526,498 | +€3.6m | +122.0% |
| Financial fixed assets | 28 | €13,710 | €13,710 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,710 | €13,710 | = | 0.0% |
| Shares | 284 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €12,210 | €12,210 | = | 0.0% |
| Current assets | 29/58 | €17,966,900 | €20,148,972 | +€2.2m | +12.1% |
| Amounts receivable after more than one year | 29 | €491,804 | €340,079 | -€151,725 | -30.9% |
| Other amounts receivable | 291 | €491,804 | €340,079 | -€151,725 | -30.9% |
| Stocks and contracts in progress | 3 | €15,692 | €417,146 | +€401,454 | +2558.3% |
| Stocks | 30/36 | €15,692 | €417,146 | +€401,454 | +2558.3% |
| Raw materials and consumables | 30/31 | €15,692 | €14,983 | -€709 | -4.5% |
| Property held for sale | 35 | - | €402,163 | +€402,163 | |
| Amounts receivable within one year | 40/41 | €2,848,773 | €2,651,984 | -€196,789 | -6.9% |
| Trade receivables | 40 | €738,395 | €792,218 | +€53,823 | +7.3% |
| Other amounts receivable | 41 | €2,110,378 | €1,859,766 | -€250,612 | -11.9% |
| Current investments | 50/53 | €3,321,060 | €3,048,959 | -€272,101 | -8.2% |
| Cash at bank and in hand | 54/58 | €10,947,637 | €13,560,897 | +€2.6m | +23.9% |
| Deferred charges and accrued income | 490/1 | €341,934 | €129,907 | -€212,027 | -62.0% |
| Total equity and liabilities | 10/49 | €42,731,305 | €47,495,728 | +€4.8m | +11.1% |
| Equity | 10/15 | €29,399,852 | €31,190,394 | +€1.8m | +6.1% |
| Contributions | 10/11 | €6,585,351 | €7,786,275 | +€1.2m | +18.2% |
| Capital | 10 | €6,585,351 | €7,786,275 | +€1.2m | +18.2% |
| Reserves | 13 | €8,352,987 | €9,247,058 | +€894,071 | +10.7% |
| Profit (loss) carried forward | 14 | €8,325,411 | €8,301,862 | -€23,549 | -0.3% |
| Investment grants | 15 | €6,136,103 | €5,855,199 | -€280,904 | -4.6% |
| Provisions and deferred taxes | 16 | €45,188 | €21,107 | -€24,081 | -53.3% |
| Provisions for liabilities and charges | 160/5 | €45,188 | €21,107 | -€24,081 | -53.3% |
| Major repairs and maintenance | 162 | €45,188 | €21,107 | -€24,081 | -53.3% |
| Amounts payable | 17/49 | €13,286,265 | €16,284,227 | +€3.0m | +22.6% |
| Amounts payable after more than one year | 17 | €6,079,350 | €9,253,610 | +€3.2m | +52.2% |
| Financial debts | 170/4 | €6,053,362 | €9,227,442 | +€3.2m | +52.4% |
| Leasing and similar obligations | 172 | €425,996 | €419,526 | -€6,470 | -1.5% |
| Credit institutions | 173 | €5,627,366 | €8,807,916 | +€3.2m | +56.5% |
| Other amounts payable | 178/9 | €25,988 | €26,168 | +€180 | +0.7% |
| Amounts payable within one year | 42/48 | €7,185,424 | €7,004,026 | -€181,398 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €272,503 | €276,897 | +€4,394 | +1.6% |
| Trade debts | 44 | €1,155,786 | €752,288 | -€403,498 | -34.9% |
| Suppliers | 440/4 | €1,155,786 | €752,288 | -€403,498 | -34.9% |
| Advances received on contracts in progress | 46 | €139,976 | €404,064 | +€264,088 | +188.7% |
| Taxes, remuneration and social security | 45 | €4,768,894 | €4,746,855 | -€22,039 | -0.5% |
| Taxes | 450/3 | €435,173 | €435,471 | +€298 | +0.1% |
| Remuneration and social security | 454/9 | €4,333,721 | €4,311,384 | -€22,337 | -0.5% |
| Accrued charges and deferred income | 492/3 | €21,491 | €26,591 | +€5,100 | +23.7% |
| Operating income | 70/76A | €32,232,800 | €33,403,038 | +€1.2m | +3.6% |
| Turnover | 70 | €4,132,111 | €4,242,068 | +€109,957 | +2.7% |
| Membership fees, donations, legacies and grants | 73 | €27,087,435 | €28,294,625 | +€1.2m | +4.5% |
| Other operating income | 74 | €764,754 | €849,571 | +€84,817 | +11.1% |
| Non-recurring operating income | 76A | €248,500 | €16,774 | -€231,726 | -93.2% |
| Operating charges | 60/66A | €31,506,097 | €32,480,616 | +€974,519 | +3.1% |
| Goods for resale, raw materials and consumables | 60 | €1,344,834 | €1,345,894 | +€1,060 | +0.1% |
| Purchases | 600/8 | €1,343,414 | €1,345,894 | +€2,480 | +0.2% |
| Change in stocks: decrease (increase) | 609 | €1,420 | - | -€1,420 | |
| Services and other goods | 61 | €2,490,911 | €2,651,618 | +€160,707 | +6.5% |
| Remuneration, social security and pensions | 62 | €25,660,623 | €26,708,301 | +€1.0m | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,529,183 | €1,572,446 | +€43,263 | +2.8% |
| Other operating charges | 640/8 | €197,558 | €218,567 | +€21,009 | +10.6% |
| Non-recurring operating charges | 66A | €258,907 | €7,871 | -€251,036 | -97.0% |
| Operating profit (loss) | 9901 | €726,703 | €922,422 | +€195,719 | +26.9% |
| Financial income | 75/76B | €170,801 | €141,755 | -€29,046 | -17.0% |
| Recurring financial income | 75 | €170,801 | €141,755 | -€29,046 | -17.0% |
| Income from current assets | 751 | €147,526 | €120,577 | -€26,949 | -18.3% |
| Other financial income | 752/9 | €23,275 | €21,178 | -€2,097 | -9.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €106,038 | €193,654 | +€87,616 | +82.6% |
| Recurring financial charges | 65 | €106,038 | €193,654 | +€87,616 | +82.6% |
| Debt charges | 650 | €113,602 | €188,941 | +€75,339 | +66.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€14,860 | -€1,729 | +€13,131 | +88.4% |
| Other financial charges | 652/9 | €7,296 | €6,442 | -€854 | -11.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €791,466 | €870,523 | +€79,057 | +10.0% |
| Profit (loss) for the period | 9904 | €791,466 | €870,523 | +€79,057 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €791,466 | €870,523 | +€79,057 | +10.0% |
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 12 October 2026 via checked.be.