HAVKER CONSTRUCT: 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.
HAVKER CONSTRUCT
Largest movements
- Cash +€33,590
up €33,590 (+463.7%), from €7,244 to €40,834
mainly Trade debts (+€24,067) and Current portion of long-term debt (+€12,274)
- Receivables within one year +€2,764
up €2,764 (+3.1%), from €87,951 to €90,714
of which Other amounts receivable: +€4,797
- Trade debts +€24,067
up €24,067 (+159.1%), from €15,125 to €39,192
- Current portion of long-term debt +€12,274
new in 2025: €12,274
- Profit (loss) carried forward -€11,789
down €11,789 (-25.6%), from €46,120 to €34,332
- Debts after one year +€9,791
new in 2025: €9,791
- Other debts +€3,966
new in 2025: €3,966
- Gross operating margin -€45,082
down €45,082 (-58.1%), from €77,620 to €32,538
- Staff costs -€9,854
down €9,854 (-20.6%), from €47,829 to €37,975
- Taxes -€6,327
down €6,327 (-97.6%), from €6,485 to €157
- Other operating charges -€1,053
down €1,053 (-30.9%), from €3,408 to €2,355
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 | €98,125 | €134,291 | +€36,166 | +36.9% |
| Fixed assets | 21/28 | €2,931 | €2,573 | -€358 | -12.2% |
| Tangible fixed assets | 22/27 | €931 | €573 | -€358 | -38.4% |
| Plant, machinery and equipment | 23 | €669 | €311 | -€358 | -53.5% |
| Furniture and vehicles | 24 | €262 | €262 | = | 0.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €95,194 | €131,718 | +€36,524 | +38.4% |
| Amounts receivable within one year | 40/41 | €87,951 | €90,714 | +€2,764 | +3.1% |
| Trade receivables | 40 | €70,180 | €68,147 | -€2,033 | -2.9% |
| Other amounts receivable | 41 | €17,771 | €22,567 | +€4,797 | +27.0% |
| Cash at bank and in hand | 54/58 | €7,244 | €40,834 | +€33,590 | +463.7% |
| Deferred charges and accrued income | 490/1 | - | €170 | +€170 | |
| Total equity and liabilities | 10/49 | €98,125 | €134,291 | +€36,166 | +36.9% |
| Equity | 10/15 | €47,020 | €35,232 | -€11,789 | -25.1% |
| Contributions | 10/11 | €900 | €900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,120 | €34,332 | -€11,789 | -25.6% |
| Amounts payable | 17/49 | €51,105 | €99,059 | +€47,954 | +93.8% |
| Amounts payable after more than one year | 17 | - | €9,791 | +€9,791 | |
| Financial debts | 170/4 | - | €9,791 | +€9,791 | |
| Amounts payable within one year | 42/48 | €51,105 | €89,268 | +€38,163 | +74.7% |
| Current portion of amounts payable after more than one year | 42 | - | €12,274 | +€12,274 | |
| Financial debts | 43 | €12,747 | €11,523 | -€1,224 | -9.6% |
| Credit institutions | 430/8 | €12,747 | €11,523 | -€1,224 | -9.6% |
| Trade debts | 44 | €15,125 | €39,192 | +€24,067 | +159.1% |
| Suppliers | 440/4 | €15,125 | €39,192 | +€24,067 | +159.1% |
| Taxes, remuneration and social security | 45 | €23,233 | €22,314 | -€918 | -4.0% |
| Taxes | 450/3 | €2,513 | €5,655 | +€3,142 | +125.0% |
| Remuneration and social security | 454/9 | €20,720 | €16,660 | -€4,060 | -19.6% |
| Other amounts payable | 47/48 | - | €3,966 | +€3,966 | |
| Remuneration, social security and pensions | 62 | €47,829 | €37,975 | -€9,854 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €628 | €358 | -€270 | -43.0% |
| Other operating charges | 640/8 | €3,408 | €2,355 | -€1,053 | -30.9% |
| Gross operating margin | 9900 | €77,620 | €32,538 | -€45,082 | -58.1% |
| Operating profit (loss) | 9901 | €25,755 | -€8,150 | -€33,905 | |
| Financial charges | 65/66B | €3,275 | €3,481 | +€206 | +6.3% |
| Recurring financial charges | 65 | €3,275 | €3,481 | +€206 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €22,480 | -€11,631 | -€34,111 | |
| Income taxes | 67/77 | €6,485 | €157 | -€6,327 | -97.6% |
| Profit (loss) for the period | 9904 | €15,995 | -€11,789 | -€27,784 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,995 | -€11,789 | -€27,784 |
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 3 October 2026 via checked.be.