HAVOLLI: 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.
HAVOLLI
Largest movements
- Receivables within one year +€208,855
up €208,855 (+49.0%), from €425,962 to €634,817
of which Other amounts receivable: +€301,365
- Stocks and contracts +€133,201
new in 2024: €133,201
- Tangible fixed assets -€20,718
down €20,718 (-22.9%), from €90,499 to €69,781
of which Furniture and vehicles: -€20,256
- Cash -€11,403
down €11,403 (-19.8%), from €57,577 to €46,174
mainly Receivables within one year (-€208,855) and Stocks and contracts (-€133,201)
- Trade debts +€165,394
new in 2024: €165,394
- Debts after one year +€77,119
up €77,119 (+153%), from €50,427 to €127,545
- Reserves +€52,598
up €52,598 (+12.1%), from €434,218 to €486,816
- Tax, wage and social debts +€14,058
up €14,058 (+16.5%), from €84,975 to €99,033
- Gross operating margin -€201,141
down €201,141 (-62.4%), from €322,383 to €121,242
- Taxes -€56,919
down €56,919 (-78.1%), from €72,919 to €16,000
- Financial charges -€33,724
down €33,724 (-84.4%), from €39,943 to €6,218
- Depreciation +€11,155
up €11,155 (+57.6%), from €19,379 to €30,534
- Other operating charges +€8,793
up €8,793 (+124%), from €7,098 to €15,892
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €574,619 | €885,388 | +€310,768 | +54.1% |
| Fixed assets | 21/28 | €90,499 | €69,781 | -€20,718 | -22.9% |
| Tangible fixed assets | 22/27 | €90,499 | €69,781 | -€20,718 | -22.9% |
| Plant, machinery and equipment | 23 | €6,013 | €5,551 | -€463 | -7.7% |
| Furniture and vehicles | 24 | €84,486 | €64,230 | -€20,256 | -24.0% |
| Current assets | 29/58 | €484,120 | €815,607 | +€331,487 | +68.5% |
| Stocks and contracts in progress | 3 | - | €133,201 | +€133,201 | |
| Stocks | 30/36 | - | €133,201 | +€133,201 | |
| Amounts receivable within one year | 40/41 | €425,962 | €634,817 | +€208,855 | +49.0% |
| Trade receivables | 40 | €293,175 | €200,666 | -€92,510 | -31.6% |
| Other amounts receivable | 41 | €132,786 | €434,151 | +€301,365 | +227% |
| Cash at bank and in hand | 54/58 | €57,577 | €46,174 | -€11,403 | -19.8% |
| Deferred charges and accrued income | 490/1 | €582 | €1,416 | +€834 | +143% |
| Total equity and liabilities | 10/49 | €574,619 | €885,388 | +€310,768 | +54.1% |
| Equity | 10/15 | €439,218 | €491,816 | +€52,598 | +12.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €434,218 | €486,816 | +€52,598 | +12.1% |
| Distributable reserves | 133 | €434,218 | €486,816 | +€52,598 | +12.1% |
| Amounts payable | 17/49 | €135,401 | €393,572 | +€258,170 | +191% |
| Amounts payable after more than one year | 17 | €50,427 | €127,545 | +€77,119 | +153% |
| Financial debts | 170/4 | €50,427 | €127,545 | +€77,119 | +153% |
| Amounts payable within one year | 42/48 | €84,975 | €264,426 | +€179,452 | +211% |
| Trade debts | 44 | - | €165,394 | +€165,394 | |
| Suppliers | 440/4 | - | €165,394 | +€165,394 | |
| Taxes, remuneration and social security | 45 | €84,975 | €99,033 | +€14,058 | +16.5% |
| Taxes | 450/3 | €84,975 | €99,033 | +€14,058 | +16.5% |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,379 | €30,534 | +€11,155 | +57.6% |
| Other operating charges | 640/8 | €7,098 | €15,892 | +€8,793 | +124% |
| Gross operating margin | 9900 | €322,383 | €121,242 | -€201,141 | -62.4% |
| Operating profit (loss) | 9901 | €295,906 | €74,816 | -€221,090 | -74.7% |
| Financial income | 75/76B | €6,567 | - | -€6,567 | |
| Recurring financial income | 75 | €6,567 | - | -€6,567 | |
| Financial charges | 65/66B | €39,943 | €6,218 | -€33,724 | -84.4% |
| Recurring financial charges | 65 | €39,943 | €6,218 | -€33,724 | -84.4% |
| Profit (loss) for the period before taxes | 9903 | €262,530 | €68,598 | -€193,932 | -73.9% |
| Income taxes | 67/77 | €72,919 | €16,000 | -€56,919 | -78.1% |
| Profit (loss) for the period | 9904 | €189,611 | €52,598 | -€137,013 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €189,611 | €52,598 | -€137,013 | -72.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.