ORGA HAVELANGE: what changed
What changed
ORGA HAVELANGE
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
filed annual accounts (NBB)
Net result for the year
€37,184
2024 · -€86,020+€123,204
Equity
-€38,835
2024 · -€76,020+€37,184
Cash
€4,010
2024 · €1,868+€2,143
Balance sheet total
€584,531
2024 · €577,722+€6,808
Largest movements
Assets
- Receivables within one year +€25,587
up €25,587 (+36.8%), from €69,485 to €95,071
of which Trade receivables: +€39,238
- Tangible fixed assets -€19,954
down €19,954 (-21.9%), from €91,213 to €71,259
of which Furniture and vehicles: -€13,603
- Intangible fixed assets +€9,085
new in 2025: €9,085
Equity and liabilities
- Other debts +€72,127
up €72,127 (+3,576%), from €2,017 to €74,144
- Debts after one year -€57,734
down €57,734 (-12.3%), from €469,679 to €411,945
- Trade debts -€54,365
down €54,365 (-57.7%), from €94,294 to €39,929
- Profit (loss) carried forward +€37,184
up €37,184 (+43.2%), from -€86,020 to -€48,835
Income statement
- Gross operating margin +€138,097
up €138,097 (+771%), from €17,911 to €156,008
- Staff costs +€19,279
up €19,279 (+43.0%), from €44,848 to €64,127
- Financial income +€7,620
up €7,620 (+400%), from €1,903 to €9,524
- Financial charges -€5,635
down €5,635 (-16.6%), from €33,852 to €28,216
- Depreciation -€1,625
down €1,625 (-8.0%), from €20,195 to €18,570
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€86,020
Gross operating margin
+€138,097
Staff costs
-€19,279
Depreciation
+€1,625
Other operating charges
+€475
Other operating items
-€10,970
Financial income
+€7,620
Financial charges
+€5,635
Result 2025
€37,184
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€61,295
Investment
-€6,926
Financing
-€52,226
Cash 2024
€1,868
From operations (derived)
+€61,295
Net result for the year
+€37,184
Depreciation
+€18,570
Stocks and contracts
+€3,675
Receivables within one year
-€25,587
Deferred charges and accrued income
+€5,602
Trade debts
-€54,365
Tax, wage and social debts
+€4,088
Other debts
+€72,127
Investment (derived)
-€6,926
Investment in fixed assets (net)
-€6,926
Financing
-€52,226
Debts after one year
-€57,734
Current portion of long-term debt
+€2,209
Short-term financial debts
+€3,299
Cash 2025
€4,010
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €577,722 | €584,531 | +€6,808 | +1.2% |
| Formation expenses | 20 | €10,346 | €9,171 | -€1,176 | -11.4% |
| Fixed assets | 21/28 | €91,213 | €80,745 | -€10,468 | -11.5% |
| Intangible fixed assets | 21 | - | €9,085 | +€9,085 | |
| Tangible fixed assets | 22/27 | €91,213 | €71,259 | -€19,954 | -21.9% |
| Plant, machinery and equipment | 23 | €45,148 | €39,938 | -€5,210 | -11.5% |
| Furniture and vehicles | 24 | €35,916 | €22,313 | -€13,603 | -37.9% |
| Other tangible fixed assets | 26 | €10,149 | €9,008 | -€1,141 | -11.2% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €476,163 | €494,615 | +€18,452 | +3.9% |
| Stocks and contracts in progress | 3 | €392,372 | €388,697 | -€3,675 | -0.9% |
| Stocks | 30/36 | €392,372 | €388,697 | -€3,675 | -0.9% |
| Amounts receivable within one year | 40/41 | €69,485 | €95,071 | +€25,587 | +36.8% |
| Trade receivables | 40 | €45,697 | €84,935 | +€39,238 | +85.9% |
| Other amounts receivable | 41 | €23,787 | €10,136 | -€13,651 | -57.4% |
| Cash at bank and in hand | 54/58 | €1,868 | €4,010 | +€2,143 | +115% |
| Deferred charges and accrued income | 490/1 | €12,439 | €6,837 | -€5,602 | -45.0% |
| Total equity and liabilities | 10/49 | €577,722 | €584,531 | +€6,808 | +1.2% |
| Equity | 10/15 | -€76,020 | -€38,835 | +€37,184 | +48.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,020 | -€48,835 | +€37,184 | +43.2% |
| Amounts payable | 17/49 | €653,742 | €623,366 | -€30,376 | -4.6% |
| Amounts payable after more than one year | 17 | €469,679 | €411,945 | -€57,734 | -12.3% |
| Financial debts | 170/4 | €469,679 | €411,945 | -€57,734 | -12.3% |
| Amounts payable within one year | 42/48 | €184,063 | €211,421 | +€27,358 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €57,400 | €59,609 | +€2,209 | +3.8% |
| Financial debts | 43 | €16,180 | €19,479 | +€3,299 | +20.4% |
| Credit institutions | 430/8 | €16,180 | €19,479 | +€3,299 | +20.4% |
| Trade debts | 44 | €94,294 | €39,929 | -€54,365 | -57.7% |
| Suppliers | 440/4 | €94,294 | €39,929 | -€54,365 | -57.7% |
| Advances received on contracts in progress | 46 | €18 | €18 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,154 | €18,242 | +€4,088 | +28.9% |
| Taxes | 450/3 | €8,548 | €8,101 | -€447 | -5.2% |
| Remuneration and social security | 454/9 | €5,606 | €10,141 | +€4,534 | +80.9% |
| Other amounts payable | 47/48 | €2,017 | €74,144 | +€72,127 | +3,576% |
| Remuneration, social security and pensions | 62 | €44,848 | €64,127 | +€19,279 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,195 | €18,570 | -€1,625 | -8.0% |
| Other operating charges | 640/8 | €6,938 | €6,463 | -€475 | -6.8% |
| Non-recurring operating charges | 66A | - | €10,970 | +€10,970 | |
| Gross operating margin | 9900 | €17,911 | €156,008 | +€138,097 | +771% |
| Operating profit (loss) | 9901 | -€54,071 | €55,877 | +€109,948 | |
| Financial income | 75/76B | €1,903 | €9,524 | +€7,620 | +400% |
| Recurring financial income | 75 | €1,903 | €9,524 | +€7,620 | +400% |
| Financial charges | 65/66B | €33,852 | €28,216 | -€5,635 | -16.6% |
| Recurring financial charges | 65 | €33,852 | €28,216 | -€5,635 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€86,020 | €37,184 | +€123,204 | |
| Profit (loss) for the period | 9904 | -€86,020 | €37,184 | +€123,204 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,020 | €37,184 | +€123,204 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.