RES HAVRAEA: 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.
RES HAVRAEA
Largest movements
- Receivables within one year -€12,160
down €12,160 (-73.6%), from €16,516 to €4,356
- Cash -€7,310
down €7,310 (-11.8%), from €61,867 to €54,557
mainly Net result for the year (-€11,134) and Tax, wage and social debts (-€8,903)
- Deferred charges and accrued income -€1,925
no longer reported in 2025 (was €1,925)
- Tangible fixed assets -€936
down €936 (-28.2%), from €3,316 to €2,380
- Profit (loss) carried forward -€11,134
down €11,134, from €4,319 to -€6,815
- Tax, wage and social debts -€8,903
down €8,903 (-96.1%), from €9,261 to €358
of which Taxes: -€6,902
- Other debts -€2,988
down €2,988 (-21.5%), from €13,885 to €10,897
- Gross operating margin -€18,007
down €18,007, from €9,242 to -€8,765
- Taxes -€4,360
down €4,360, from €2,862 to -€1,498
- Other operating charges +€2,763
new in 2025: €2,763
- Depreciation +€508
up €508 (+119%), from €428 to €936
- Financial charges -€190
down €190 (-53.1%), from €358 to €168
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 | €83,714 | €61,383 | -€22,331 | -26.7% |
| Fixed assets | 21/28 | €3,406 | €2,470 | -€936 | -27.5% |
| Tangible fixed assets | 22/27 | €3,316 | €2,380 | -€936 | -28.2% |
| Plant, machinery and equipment | 23 | €3,316 | €2,380 | -€936 | -28.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €80,308 | €58,913 | -€21,395 | -26.6% |
| Amounts receivable within one year | 40/41 | €16,516 | €4,356 | -€12,160 | -73.6% |
| Trade receivables | 40 | €16,516 | €4,356 | -€12,160 | -73.6% |
| Cash at bank and in hand | 54/58 | €61,867 | €54,557 | -€7,310 | -11.8% |
| Deferred charges and accrued income | 490/1 | €1,925 | - | -€1,925 | |
| Total equity and liabilities | 10/49 | €83,714 | €61,383 | -€22,331 | -26.7% |
| Equity | 10/15 | €57,857 | €46,723 | -€11,134 | -19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €34,938 | €34,938 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €33,078 | €33,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,319 | -€6,815 | -€11,134 | |
| Amounts payable | 17/49 | €25,857 | €14,660 | -€11,197 | -43.3% |
| Amounts payable within one year | 42/48 | €25,857 | €14,660 | -€11,197 | -43.3% |
| Trade debts | 44 | €2,711 | €3,405 | +€694 | +25.6% |
| Suppliers | 440/4 | €2,711 | €3,405 | +€694 | +25.6% |
| Taxes, remuneration and social security | 45 | €9,261 | €358 | -€8,903 | -96.1% |
| Taxes | 450/3 | €7,260 | €358 | -€6,902 | -95.1% |
| Remuneration and social security | 454/9 | €2,001 | - | -€2,001 | |
| Other amounts payable | 47/48 | €13,885 | €10,897 | -€2,988 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €428 | €936 | +€508 | +119% |
| Other operating charges | 640/8 | - | €2,763 | +€2,763 | |
| Gross operating margin | 9900 | €9,242 | -€8,765 | -€18,007 | |
| Operating profit (loss) | 9901 | €8,814 | -€12,464 | -€21,278 | |
| Financial charges | 65/66B | €358 | €168 | -€190 | -53.1% |
| Recurring financial charges | 65 | €358 | €168 | -€190 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €8,456 | -€12,632 | -€21,088 | |
| Income taxes | 67/77 | €2,862 | -€1,498 | -€4,360 | |
| Profit (loss) for the period | 9904 | €5,594 | -€11,134 | -€16,728 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,594 | -€11,134 | -€16,728 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.