THE HAVEN: 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.
THE HAVEN
Largest movements
- Cash +€15,993
up €15,993 (+57.2%), from €27,956 to €43,949
mainly Tax, wage and social debts (+€21,207) and Short-term financial debts (+€8,994)
- Receivables within one year +€13,433
up €13,433 (+143.1%), from €9,388 to €22,821
of which Trade receivables: +€10,412
- Tangible fixed assets +€6,596
up €6,596 (+302.5%), from €2,180 to €8,776
- Intangible fixed assets +€5,279
new in 2025: €5,279
- Tax, wage and social debts +€21,207
up €21,207 (+165.2%), from €12,837 to €34,044
of which Taxes: +€21,207
- Short-term financial debts +€8,994
up €8,994 (+450.6%), from €1,996 to €10,989
- Reserves +€6,222
up €6,222 (+44.3%), from €14,054 to €20,276
- Other debts +€3,573
up €3,573 (+132.4%), from €2,699 to €6,273
- Trade debts +€1,910
up €1,910 (+53.7%), from €3,556 to €5,466
of which Suppliers: +€4,340
- Gross operating margin -€17,050
down €17,050 (-57.6%), from €29,619 to €12,569
- Taxes -€3,673
down €3,673 (-59.7%), from €6,149 to €2,476
- Depreciation +€2,185
up €2,185 (+301.8%), from €724 to €2,909
- Other operating charges -€372
down €372 (-47.2%), from €788 to €416
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.
Cash bridge derived
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 | €39,524 | €81,048 | +€41,525 | +105.1% |
| Fixed assets | 21/28 | €2,180 | €14,055 | +€11,875 | +544.7% |
| Intangible fixed assets | 21 | - | €5,279 | +€5,279 | |
| Tangible fixed assets | 22/27 | €2,180 | €8,776 | +€6,596 | +302.5% |
| Furniture and vehicles | 24 | €2,180 | €8,776 | +€6,596 | +302.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €37,343 | €66,993 | +€29,650 | +79.4% |
| Amounts receivable within one year | 40/41 | €9,388 | €22,821 | +€13,433 | +143.1% |
| Trade receivables | 40 | €3,760 | €14,172 | +€10,412 | +277.0% |
| Other amounts receivable | 41 | €5,628 | €8,649 | +€3,021 | +53.7% |
| Cash at bank and in hand | 54/58 | €27,956 | €43,949 | +€15,993 | +57.2% |
| Deferred charges and accrued income | 490/1 | €0 | €223 | +€223 | |
| Total equity and liabilities | 10/49 | €39,524 | €81,048 | +€41,525 | +105.1% |
| Equity | 10/15 | €18,054 | €24,276 | +€6,222 | +34.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €14,054 | €20,276 | +€6,222 | +44.3% |
| Distributable reserves | 133 | €14,054 | €20,276 | +€6,222 | +44.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €21,470 | €56,772 | +€35,302 | +164.4% |
| Amounts payable within one year | 42/48 | €21,089 | €56,772 | +€35,684 | +169.2% |
| Financial debts | 43 | €1,996 | €10,989 | +€8,994 | +450.6% |
| Credit institutions | 430/8 | €1,996 | €10,989 | +€8,994 | +450.6% |
| Trade debts | 44 | €3,556 | €5,466 | +€1,910 | +53.7% |
| Suppliers | 440/4 | €1,126 | €5,466 | +€4,340 | +385.3% |
| Bills of exchange payable | 441 | €2,430 | €0 | -€2,430 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,837 | €34,044 | +€21,207 | +165.2% |
| Taxes | 450/3 | €7,261 | €28,469 | +€21,207 | +292.1% |
| Remuneration and social security | 454/9 | €5,576 | €5,576 | = | 0.0% |
| Other amounts payable | 47/48 | €2,699 | €6,273 | +€3,573 | +132.4% |
| Accrued charges and deferred income | 492/3 | €381 | €0 | -€381 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €724 | €2,909 | +€2,185 | +301.8% |
| Other operating charges | 640/8 | €788 | €416 | -€372 | -47.2% |
| Gross operating margin | 9900 | €29,619 | €12,569 | -€17,050 | -57.6% |
| Operating profit (loss) | 9901 | €28,108 | €9,244 | -€18,864 | -67.1% |
| Financial income | 75/76B | €135 | €5 | -€130 | -96.2% |
| Recurring financial income | 75 | €135 | €5 | -€130 | -96.2% |
| Financial charges | 65/66B | €355 | €550 | +€196 | +55.2% |
| Recurring financial charges | 65 | €355 | €550 | +€196 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €27,888 | €8,699 | -€19,189 | -68.8% |
| Income taxes | 67/77 | €6,149 | €2,476 | -€3,673 | -59.7% |
| Profit (loss) for the period | 9904 | €21,739 | €6,222 | -€15,516 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,739 | €6,222 | -€15,516 | -71.4% |
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 12 October 2026 via checked.be.