'T HAEVENHUYS: 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.
'T HAEVENHUYS
Largest movements
- Cash +€35,731
up €35,731 (+37.3%), from €95,858 to €131,589
mainly Net result for the year (+€47,111) and Tax, wage and social debts (+€18,907)
- Tangible fixed assets +€28,378
up €28,378 (+2,147%), from €1,322 to €29,700
of which Leasing and similar rights: +€28,648
- Receivables within one year +€22,049
up €22,049 (+379%), from €5,813 to €27,862
of which Trade receivables: +€23,200
- Profit (loss) carried forward +€47,111
up €47,111, from -€9,947 to €37,163
- Tax, wage and social debts +€18,907
up €18,907 (+248%), from €7,610 to €26,516
- Debts after one year +€8,566
up €8,566 (+58.8%), from €14,561 to €23,127
- Current portion of long-term debt +€7,815
up €7,815 (+90.9%), from €8,599 to €16,414
- Other debts +€3,465
up €3,465, from €0 to €3,465
- Gross operating margin +€73,620
up €73,620 (+9,397%), from €783 to €74,403
- Taxes +€21,184
up €21,184 (+1,391%), from €1,523 to €22,706
- Financial charges -€1,021
down €1,021 (-30.5%), from €3,355 to €2,333
- Depreciation +€936
up €936 (+3,846%), from €24 to €961
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 | €104,731 | €191,224 | +€86,493 | +82.6% |
| Fixed assets | 21/28 | €1,322 | €29,700 | +€28,378 | +2,147% |
| Tangible fixed assets | 22/27 | €1,322 | €29,700 | +€28,378 | +2,147% |
| Plant, machinery and equipment | 23 | €1,322 | €1,053 | -€269 | -20.4% |
| Leasing and similar rights | 25 | - | €28,648 | +€28,648 | |
| Current assets | 29/58 | €103,409 | €161,524 | +€58,115 | +56.2% |
| Amounts receivable within one year | 40/41 | €5,813 | €27,862 | +€22,049 | +379% |
| Trade receivables | 40 | €0 | €23,200 | +€23,200 | |
| Other amounts receivable | 41 | €5,813 | €4,662 | -€1,151 | -19.8% |
| Cash at bank and in hand | 54/58 | €95,858 | €131,589 | +€35,731 | +37.3% |
| Deferred charges and accrued income | 490/1 | €1,738 | €2,073 | +€335 | +19.3% |
| Total equity and liabilities | 10/49 | €104,731 | €191,224 | +€86,493 | +82.6% |
| Equity | 10/15 | €72,412 | €119,523 | +€47,111 | +65.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €20,860 | €20,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,710 | €14,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,947 | €37,163 | +€47,111 | |
| Amounts payable | 17/49 | €32,319 | €71,701 | +€39,382 | +122% |
| Amounts payable after more than one year | 17 | €14,561 | €23,127 | +€8,566 | +58.8% |
| Financial debts | 170/4 | €14,561 | €23,127 | +€8,566 | +58.8% |
| Amounts payable within one year | 42/48 | €16,677 | €48,574 | +€31,897 | +191% |
| Current portion of amounts payable after more than one year | 42 | €8,599 | €16,414 | +€7,815 | +90.9% |
| Trade debts | 44 | €468 | €2,178 | +€1,710 | +365% |
| Suppliers | 440/4 | €468 | €2,178 | +€1,710 | +365% |
| Taxes, remuneration and social security | 45 | €7,610 | €26,516 | +€18,907 | +248% |
| Taxes | 450/3 | €7,610 | €26,516 | +€18,907 | +248% |
| Other amounts payable | 47/48 | €0 | €3,465 | +€3,465 | |
| Accrued charges and deferred income | 492/3 | €1,081 | €0 | -€1,081 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24 | €961 | +€936 | +3,846% |
| Other operating charges | 640/8 | €2,106 | €1,499 | -€607 | -28.8% |
| Non-recurring operating charges | 66A | €250 | €0 | -€250 | -100% |
| Gross operating margin | 9900 | €783 | €74,403 | +€73,620 | +9,397% |
| Operating profit (loss) | 9901 | -€1,597 | €71,943 | +€73,540 | |
| Financial income | 75/76B | €267 | €207 | -€60 | -22.4% |
| Recurring financial income | 75 | €267 | €207 | -€60 | -22.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,355 | €2,333 | -€1,021 | -30.5% |
| Recurring financial charges | 65 | €3,355 | €2,333 | -€1,021 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,685 | €69,817 | +€74,502 | |
| Income taxes | 67/77 | €1,523 | €22,706 | +€21,184 | +1,391% |
| Profit (loss) for the period | 9904 | -€6,208 | €47,111 | +€53,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,208 | €47,111 | +€53,318 |
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 1 November 2026 via checked.be.