DE HOVRE PR: 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.
DE HOVRE PR
Largest movements
- Tangible fixed assets +€184,188
up €184,188 (+61.8%), from €297,865 to €482,053
of which Land and buildings: +€132,855
- Receivables within one year +€95,207
up €95,207 (+2,782%), from €3,422 to €98,629
of which Trade receivables: +€79,183
- Other debts -€356,827
down €356,827 (-57.3%), from €623,003 to €266,177
- Debts after one year +€348,108
up €348,108 (+328%), from €106,222 to €454,330
of which Other amounts payable: +€364,939
- Profit (loss) carried forward +€236,778
up €236,778 (+49.2%), from -€481,188 to -€244,411
- Trade debts +€56,912
up €56,912 (+378%), from €15,057 to €71,969
- Tax, wage and social debts -€8,809
down €8,809 (-99.2%), from €8,884 to €75
of which Taxes: -€6,976
- Gross operating margin +€287,627
up €287,627 (+1,441%), from €19,960 to €307,586
- Depreciation +€21,277
up €21,277 (+80.0%), from €26,584 to €47,861
- Staff costs -€20,341
down €20,341 (-100%), from €20,341 to €0
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 | €306,618 | €583,521 | +€276,903 | +90.3% |
| Fixed assets | 21/28 | €298,365 | €482,553 | +€184,188 | +61.7% |
| Tangible fixed assets | 22/27 | €297,865 | €482,053 | +€184,188 | +61.8% |
| Land and buildings | 22 | €263,006 | €395,861 | +€132,855 | +50.5% |
| Plant, machinery and equipment | 23 | €23,111 | €71,181 | +€48,070 | +208% |
| Furniture and vehicles | 24 | €11,748 | €15,011 | +€3,263 | +27.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €8,253 | €100,968 | +€92,715 | +1,123% |
| Amounts receivable within one year | 40/41 | €3,422 | €98,629 | +€95,207 | +2,782% |
| Trade receivables | 40 | €3,352 | €82,535 | +€79,183 | +2,363% |
| Other amounts receivable | 41 | €70 | €16,094 | +€16,024 | +22,839% |
| Cash at bank and in hand | 54/58 | €3,479 | €1,756 | -€1,723 | -49.5% |
| Deferred charges and accrued income | 490/1 | €1,352 | €583 | -€769 | -56.9% |
| Total equity and liabilities | 10/49 | €306,618 | €583,521 | +€276,903 | +90.3% |
| Equity | 10/15 | -€462,638 | -€225,861 | +€236,778 | +51.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€481,188 | -€244,411 | +€236,778 | +49.2% |
| Amounts payable | 17/49 | €769,256 | €809,382 | +€40,125 | +5.2% |
| Amounts payable after more than one year | 17 | €106,222 | €454,330 | +€348,108 | +328% |
| Financial debts | 170/4 | €106,222 | €89,391 | -€16,831 | -15.8% |
| Other amounts payable | 178/9 | - | €364,939 | +€364,939 | |
| Amounts payable within one year | 42/48 | €663,034 | €355,052 | -€307,982 | -46.5% |
| Current portion of amounts payable after more than one year | 42 | €16,090 | €16,831 | +€741 | +4.6% |
| Trade debts | 44 | €15,057 | €71,969 | +€56,912 | +378% |
| Suppliers | 440/4 | €15,057 | €71,969 | +€56,912 | +378% |
| Taxes, remuneration and social security | 45 | €8,884 | €75 | -€8,809 | -99.2% |
| Taxes | 450/3 | €7,051 | €75 | -€6,976 | -98.9% |
| Remuneration and social security | 454/9 | €1,833 | €0 | -€1,833 | -100% |
| Other amounts payable | 47/48 | €623,003 | €266,177 | -€356,827 | -57.3% |
| Non-recurring operating income | 76A | - | €250,000 | +€250,000 | |
| Remuneration, social security and pensions | 62 | €20,341 | €0 | -€20,341 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,584 | €47,861 | +€21,277 | +80.0% |
| Other operating charges | 640/8 | €5,663 | €5,461 | -€202 | -3.6% |
| Non-recurring operating charges | 66A | €364 | €0 | -€364 | -100% |
| Gross operating margin | 9900 | €19,960 | €307,586 | +€287,627 | +1,441% |
| Operating profit (loss) | 9901 | -€32,993 | €254,264 | +€287,257 | |
| Financial income | 75/76B | €0 | €464 | +€464 | |
| Recurring financial income | 75 | €0 | €464 | +€464 | |
| Financial charges | 65/66B | €15,198 | €17,876 | +€2,678 | +17.6% |
| Recurring financial charges | 65 | €15,198 | €17,876 | +€2,678 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | -€48,191 | €236,852 | +€285,043 | |
| Income taxes | 67/77 | €59 | €75 | +€16 | +26.2% |
| Profit (loss) for the period | 9904 | -€48,250 | €236,778 | +€285,028 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,250 | €236,778 | +€285,028 |
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 21 October 2026 via checked.be.