HAVINNES CHAUFFAGE: 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.
HAVINNES CHAUFFAGE
Largest movements
- Cash +€24,776
up €24,776 (+6.2%), from €399,994 to €424,771
mainly Depreciation (+€21,765) and Net result for the year (+€9,388)
- Tangible fixed assets -€12,500
down €12,500 (-21.2%), from €59,083 to €46,583
of which Land and buildings: -€9,565
- Receivables within one year -€5,507
down €5,507 (-43.7%), from €12,613 to €7,106
of which Trade receivables: -€5,813
- Profit (loss) carried forward +€9,676
up €9,676 (+2.7%), from €354,572 to €364,248
- Turnover -€33,112
down €33,112 (-20.2%), from €163,828 to €130,716
- Purchases and services -€22,607
down €22,607 (-20.0%), from €112,932 to €90,326
- Gross operating margin -€10,505
down €10,505 (-20.6%), from €50,896 to €40,390
- Financial charges -€5,903
down €5,903 (-64.3%), from €9,180 to €3,276
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 | €481,479 | €488,928 | +€7,450 | +1.5% |
| Fixed assets | 21/28 | €59,083 | €46,583 | -€12,500 | -21.2% |
| Tangible fixed assets | 22/27 | €59,083 | €46,583 | -€12,500 | -21.2% |
| Land and buildings | 22 | €11,130 | €1,565 | -€9,565 | -85.9% |
| Furniture and vehicles | 24 | €919 | €679 | -€240 | -26.1% |
| Other tangible fixed assets | 26 | €47,034 | €44,339 | -€2,695 | -5.7% |
| Current assets | 29/58 | €422,396 | €442,345 | +€19,949 | +4.7% |
| Stocks and contracts in progress | 3 | €9,788 | €10,469 | +€681 | +7.0% |
| Stocks | 30/36 | €9,788 | €10,469 | +€681 | +7.0% |
| Amounts receivable within one year | 40/41 | €12,613 | €7,106 | -€5,507 | -43.7% |
| Trade receivables | 40 | €8,898 | €3,084 | -€5,813 | -65.3% |
| Other amounts receivable | 41 | €3,716 | €4,022 | +€306 | +8.2% |
| Cash at bank and in hand | 54/58 | €399,994 | €424,771 | +€24,776 | +6.2% |
| Total equity and liabilities | 10/49 | €481,479 | €488,928 | +€7,450 | +1.5% |
| Equity | 10/15 | €458,242 | €467,017 | +€8,776 | +1.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €76,868 | €76,868 | = | 0.0% |
| Non-distributable reserves | 130/1 | €76,868 | €76,868 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Other | 1319 | €74,368 | €74,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | €354,572 | €364,248 | +€9,676 | +2.7% |
| Investment grants | 15 | €1,801 | €901 | -€901 | -50.0% |
| Provisions and deferred taxes | 16 | €577 | €288 | -€288 | -50.0% |
| Deferred taxes | 168 | €577 | €288 | -€288 | -50.0% |
| Amounts payable | 17/49 | €22,661 | €21,623 | -€1,038 | -4.6% |
| Amounts payable after more than one year | 17 | €2,400 | €1,300 | -€1,100 | -45.8% |
| Other amounts payable | 178/9 | €2,400 | €1,300 | -€1,100 | -45.8% |
| Amounts payable within one year | 42/48 | €20,261 | €20,323 | +€62 | +0.3% |
| Trade debts | 44 | €18,706 | €18,853 | +€148 | +0.8% |
| Suppliers | 440/4 | €18,706 | €18,853 | +€148 | +0.8% |
| Other amounts payable | 47/48 | €1,555 | €1,470 | -€85 | -5.5% |
| Turnover | 70 | €163,828 | €130,716 | -€33,112 | -20.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €112,932 | €90,326 | -€22,607 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,229 | €21,765 | -€464 | -2.1% |
| Other operating charges | 640/8 | €1,750 | €1,754 | +€4 | +0.2% |
| Gross operating margin | 9900 | €50,896 | €40,390 | -€10,505 | -20.6% |
| Operating profit (loss) | 9901 | €26,918 | €16,872 | -€10,046 | -37.3% |
| Financial income | 75/76B | €1,369 | €1,516 | +€147 | +10.7% |
| Recurring financial income | 75 | €1,369 | €1,516 | +€147 | +10.7% |
| Financial charges | 65/66B | €9,180 | €3,276 | -€5,903 | -64.3% |
| Recurring financial charges | 65 | €9,180 | €3,276 | -€5,903 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €19,107 | €15,112 | -€3,995 | -20.9% |
| Transfer from deferred taxes | 780 | €288 | - | -€288 | |
| Income taxes | 67/77 | €6,993 | €5,724 | -€1,269 | -18.2% |
| Profit (loss) for the period | 9904 | €12,402 | €9,388 | -€3,014 | -24.3% |
| Transfer from tax-exempt reserves | 789 | - | €288 | +€288 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,402 | €9,676 | -€2,726 | -22.0% |
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 30 October 2026 via checked.be.