HÄVN: 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.
HÄVN
Largest movements
- Cash -€14,248
down €14,248 (-26.5%), from €53,813 to €39,565
mainly Other debts (-€17,223) and Net result for the year (-€15,883)
- Receivables within one year +€9,081
up €9,081 (+56.3%), from €16,126 to €25,207
of which Trade receivables: +€8,789
- Tangible fixed assets +€2,614
up €2,614 (+12.1%), from €21,602 to €24,216
of which Other tangible fixed assets: +€4,565
- Stocks and contracts +€1,547
up €1,547 (+70.3%), from €2,201 to €3,748
- Other debts -€17,223
down €17,223 (-17.1%), from €100,772 to €83,550
- Profit (loss) carried forward -€15,883
down €15,883 (-43.6%), from -€36,428 to -€52,311
- Accrued charges and deferred income +€15,054
up €15,054 (+584.5%), from €2,576 to €17,630
- Trade debts +€12,999
up €12,999 (+388.1%), from €3,350 to €16,348
- Tax, wage and social debts +€4,523
up €4,523 (+30.9%), from €14,618 to €19,141
of which Remuneration and social security: +€4,035
- Gross operating margin -€22,129
down €22,129 (-26.8%), from €82,634 to €60,504
- Other operating charges +€1,514
up €1,514 (+339.8%), from €446 to €1,960
- Depreciation +€1,506
up €1,506 (+26.7%), from €5,638 to €7,144
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 | €94,888 | €94,357 | -€530 | -0.6% |
| Fixed assets | 21/28 | €21,602 | €24,216 | +€2,614 | +12.1% |
| Tangible fixed assets | 22/27 | €21,602 | €24,216 | +€2,614 | +12.1% |
| Plant, machinery and equipment | 23 | €10,483 | €7,400 | -€3,083 | -29.4% |
| Furniture and vehicles | 24 | €11,119 | €12,251 | +€1,132 | +10.2% |
| Other tangible fixed assets | 26 | - | €4,565 | +€4,565 | |
| Current assets | 29/58 | €73,285 | €70,141 | -€3,144 | -4.3% |
| Stocks and contracts in progress | 3 | €2,201 | €3,748 | +€1,547 | +70.3% |
| Stocks | 30/36 | €2,201 | €3,748 | +€1,547 | +70.3% |
| Amounts receivable within one year | 40/41 | €16,126 | €25,207 | +€9,081 | +56.3% |
| Trade receivables | 40 | €15,629 | €24,418 | +€8,789 | +56.2% |
| Other amounts receivable | 41 | €497 | €789 | +€293 | +59.0% |
| Cash at bank and in hand | 54/58 | €53,813 | €39,565 | -€14,248 | -26.5% |
| Deferred charges and accrued income | 490/1 | €1,145 | €1,621 | +€476 | +41.5% |
| Total equity and liabilities | 10/49 | €94,888 | €94,357 | -€530 | -0.6% |
| Equity | 10/15 | -€26,428 | -€42,311 | -€15,883 | -60.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,428 | -€52,311 | -€15,883 | -43.6% |
| Amounts payable | 17/49 | €121,315 | €136,668 | +€15,353 | +12.7% |
| Amounts payable within one year | 42/48 | €118,740 | €119,039 | +€299 | +0.3% |
| Trade debts | 44 | €3,350 | €16,348 | +€12,999 | +388.1% |
| Suppliers | 440/4 | €3,350 | €16,348 | +€12,999 | +388.1% |
| Taxes, remuneration and social security | 45 | €14,618 | €19,141 | +€4,523 | +30.9% |
| Taxes | 450/3 | €4,860 | €5,347 | +€488 | +10.0% |
| Remuneration and social security | 454/9 | €9,758 | €13,793 | +€4,035 | +41.4% |
| Other amounts payable | 47/48 | €100,772 | €83,550 | -€17,223 | -17.1% |
| Accrued charges and deferred income | 492/3 | €2,576 | €17,630 | +€15,054 | +584.5% |
| Remuneration, social security and pensions | 62 | €67,582 | €66,993 | -€589 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,638 | €7,144 | +€1,506 | +26.7% |
| Other operating charges | 640/8 | €446 | €1,960 | +€1,514 | +339.8% |
| Gross operating margin | 9900 | €82,634 | €60,504 | -€22,129 | -26.8% |
| Operating profit (loss) | 9901 | €8,968 | -€15,592 | -€24,560 | |
| Financial income | 75/76B | €5 | €481 | +€476 | +10085.0% |
| Recurring financial income | 75 | €5 | €476 | +€472 | +9989.6% |
| Non-recurring financial income | 76B | - | €5 | +€5 | |
| Financial charges | 65/66B | €310 | €772 | +€462 | +148.9% |
| Recurring financial charges | 65 | €310 | €772 | +€462 | +148.9% |
| Profit (loss) for the period before taxes | 9903 | €8,662 | -€15,883 | -€24,546 | |
| Profit (loss) for the period | 9904 | €8,662 | -€15,883 | -€24,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,662 | -€15,883 | -€24,546 |
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 8 October 2026 via checked.be.