HAVIRO: 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.
HAVIRO
Largest movements
- Tangible fixed assets +€53,952
up €53,952 (+1169.1%), from €4,615 to €58,567
of which Furniture and vehicles: +€54,662
- Receivables within one year +€44,527
up €44,527 (+51.6%), from €86,274 to €130,801
- Reserves +€36,552
up €36,552 (+38.4%), from €95,099 to €131,651
of which Distributable reserves: +€36,552
- Debts after one year +€28,502
new in 2025: €28,502
- Tax, wage and social debts +€17,817
up €17,817 (+241.8%), from €7,368 to €25,185
- Current portion of long-term debt +€15,580
new in 2025: €15,580
- Gross operating margin +€23,774
up €23,774 (+66.0%), from €36,044 to €59,818
- Taxes +€4,548
up €4,548 (+35.9%), from €12,665 to €17,213
- Depreciation +€4,046
up €4,046 (+569.9%), from €710 to €4,756
- Financial charges +€773
up €773 (+264.7%), from €292 to €1,065
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 | €109,467 | €207,918 | +€98,451 | +89.9% |
| Formation expenses | 20 | €750 | - | -€750 | |
| Fixed assets | 21/28 | €4,615 | €58,567 | +€53,952 | +1169.1% |
| Tangible fixed assets | 22/27 | €4,615 | €58,567 | +€53,952 | +1169.1% |
| Plant, machinery and equipment | 23 | €4,615 | €3,905 | -€710 | -15.4% |
| Furniture and vehicles | 24 | - | €54,662 | +€54,662 | |
| Current assets | 29/58 | €104,102 | €149,351 | +€45,249 | +43.5% |
| Amounts receivable within one year | 40/41 | €86,274 | €130,801 | +€44,527 | +51.6% |
| Other amounts receivable | 41 | €86,274 | €130,801 | +€44,527 | +51.6% |
| Cash at bank and in hand | 54/58 | €17,828 | €18,550 | +€722 | +4.0% |
| Total equity and liabilities | 10/49 | €109,467 | €207,918 | +€98,451 | +89.9% |
| Equity | 10/15 | €102,099 | €138,651 | +€36,552 | +35.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €95,099 | €131,651 | +€36,552 | +38.4% |
| Non-distributable reserves | 130/1 | €700 | €700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €700 | €700 | = | 0.0% |
| Distributable reserves | 133 | €94,399 | €130,951 | +€36,552 | +38.7% |
| Amounts payable | 17/49 | €7,368 | €69,267 | +€61,899 | +840.1% |
| Amounts payable after more than one year | 17 | - | €28,502 | +€28,502 | |
| Financial debts | 170/4 | - | €28,502 | +€28,502 | |
| Amounts payable within one year | 42/48 | €7,368 | €40,765 | +€33,397 | +453.3% |
| Current portion of amounts payable after more than one year | 42 | - | €15,580 | +€15,580 | |
| Taxes, remuneration and social security | 45 | €7,368 | €25,185 | +€17,817 | +241.8% |
| Taxes | 450/3 | €7,368 | €25,185 | +€17,817 | +241.8% |
| Non-recurring operating income | 76A | - | €3,630 | +€3,630 | |
| Remuneration, social security and pensions | 62 | €445 | - | -€445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710 | €4,756 | +€4,046 | +569.9% |
| Other operating charges | 640/8 | €348 | €232 | -€116 | -33.3% |
| Gross operating margin | 9900 | €36,044 | €59,818 | +€23,774 | +66.0% |
| Operating profit (loss) | 9901 | €34,541 | €54,830 | +€20,289 | +58.7% |
| Financial charges | 65/66B | €292 | €1,065 | +€773 | +264.7% |
| Recurring financial charges | 65 | €292 | €1,065 | +€773 | +264.7% |
| Profit (loss) for the period before taxes | 9903 | €34,249 | €53,765 | +€19,516 | +57.0% |
| Income taxes | 67/77 | €12,665 | €17,213 | +€4,548 | +35.9% |
| Profit (loss) for the period | 9904 | €21,584 | €36,552 | +€14,968 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,584 | €36,552 | +€14,968 | +69.3% |
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 7 October 2026 via checked.be.