HAVV.S.: 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.
HAVV.S.
Largest movements
- Receivables within one year -€20,288
down €20,288 (-73.0%), from €27,789 to €7,501
of which Trade receivables: -€20,101
- Tangible fixed assets -€17,222
down €17,222 (-36.0%), from €47,883 to €30,661
of which Furniture and vehicles: -€13,100
- Cash -€2,120
down €2,120 (-63.7%), from €3,328 to €1,208
mainly Other debts (-€19,556) and Trade debts (-€11,844)
- Deferred charges and accrued income +€1,548
up €1,548 (+143%), from €1,083 to €2,631
- Other debts -€19,556
down €19,556 (-88.7%), from €22,038 to €2,482
- Trade debts -€11,844
no longer reported in 2025 (was €11,844)
- Tax, wage and social debts -€8,321
down €8,321 (-50.2%), from €16,576 to €8,255
of which Remuneration and social security: -€10,303
- Reserves +€1,616
up €1,616 (+6.1%), from €26,466 to €28,082
- Depreciation +€5,730
up €5,730 (+43.2%), from €13,262 to €18,992
- Taxes -€1,224
down €1,224 (-56.0%), from €2,184 to €960
- Financial charges -€1,179
down €1,179 (-80.4%), from €1,467 to €288
- Staff costs -€302
no longer reported in 2025 (was €302)
- Gross operating margin -€252
down €252 (-1.1%), from €23,136 to €22,884
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 | €80,083 | €42,002 | -€38,082 | -47.6% |
| Fixed assets | 21/28 | €47,883 | €30,661 | -€17,222 | -36.0% |
| Tangible fixed assets | 22/27 | €47,883 | €30,661 | -€17,222 | -36.0% |
| Plant, machinery and equipment | 23 | €8,147 | €4,025 | -€4,122 | -50.6% |
| Furniture and vehicles | 24 | €39,736 | €26,636 | -€13,100 | -33.0% |
| Current assets | 29/58 | €32,200 | €11,340 | -€20,860 | -64.8% |
| Amounts receivable within one year | 40/41 | €27,789 | €7,501 | -€20,288 | -73.0% |
| Trade receivables | 40 | €26,128 | €6,027 | -€20,101 | -76.9% |
| Other amounts receivable | 41 | €1,660 | €1,474 | -€187 | -11.2% |
| Cash at bank and in hand | 54/58 | €3,328 | €1,208 | -€2,120 | -63.7% |
| Deferred charges and accrued income | 490/1 | €1,083 | €2,631 | +€1,548 | +143% |
| Total equity and liabilities | 10/49 | €80,083 | €42,002 | -€38,082 | -47.6% |
| Equity | 10/15 | €29,466 | €31,082 | +€1,616 | +5.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,466 | €28,082 | +€1,616 | +6.1% |
| Distributable reserves | 133 | €26,466 | €28,082 | +€1,616 | +6.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €50,618 | €10,920 | -€39,698 | -78.4% |
| Amounts payable within one year | 42/48 | €50,618 | €10,920 | -€39,698 | -78.4% |
| Financial debts | 43 | €159 | €183 | +€24 | +15.3% |
| Credit institutions | 430/8 | €159 | €183 | +€24 | +15.3% |
| Trade debts | 44 | €11,844 | - | -€11,844 | |
| Suppliers | 440/4 | €11,844 | - | -€11,844 | |
| Taxes, remuneration and social security | 45 | €16,576 | €8,255 | -€8,321 | -50.2% |
| Taxes | 450/3 | €636 | €2,618 | +€1,981 | +311% |
| Remuneration and social security | 454/9 | €15,940 | €5,637 | -€10,303 | -64.6% |
| Other amounts payable | 47/48 | €22,038 | €2,482 | -€19,556 | -88.7% |
| Non-recurring operating income | 76A | €4,366 | - | -€4,366 | |
| Remuneration, social security and pensions | 62 | €302 | - | -€302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,262 | €18,992 | +€5,730 | +43.2% |
| Other operating charges | 640/8 | €1,161 | €1,102 | -€59 | -5.1% |
| Gross operating margin | 9900 | €23,136 | €22,884 | -€252 | -1.1% |
| Operating profit (loss) | 9901 | €8,410 | €2,790 | -€5,620 | -66.8% |
| Financial income | 75/76B | €2 | €74 | +€72 | +3,541% |
| Recurring financial income | 75 | €2 | €74 | +€72 | +3,541% |
| Financial charges | 65/66B | €1,467 | €288 | -€1,179 | -80.4% |
| Recurring financial charges | 65 | €1,467 | €288 | -€1,179 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | €6,945 | €2,576 | -€4,369 | -62.9% |
| Income taxes | 67/77 | €2,184 | €960 | -€1,224 | -56.0% |
| Profit (loss) for the period | 9904 | €4,761 | €1,616 | -€3,145 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,761 | €1,616 | -€3,145 | -66.1% |
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 15 October 2026 via checked.be.