GROUPE HRVG: 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.
GROUPE HRVG
Largest movements
- Deferred charges and accrued income +€16,000
new in 2025: €16,000
- Profit (loss) carried forward +€58,869
up €58,869 (+23.1%), from €255,337 to €314,207
- Current portion of long-term debt -€36,982
down €36,982 (-83.2%), from €44,446 to €7,464
- Debts after one year -€7,464
down €7,464 (-100%), from €7,464 to €0
- Financial income +€12,830
up €12,830 (+27.2%), from €47,170 to €60,000
- Financial charges -€573
down €573 (-46.3%), from €1,238 to €665
- Gross operating margin -€78
down €78 (-20.2%), from -€387 to -€465
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 | €602,148 | €616,571 | +€14,423 | +2.4% |
| Fixed assets | 21/28 | €600,000 | €600,000 | = | 0.0% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €2,148 | €16,571 | +€14,423 | +672% |
| Cash at bank and in hand | 54/58 | €2,148 | €571 | -€1,577 | -73.4% |
| Deferred charges and accrued income | 490/1 | - | €16,000 | +€16,000 | |
| Total equity and liabilities | 10/49 | €602,148 | €616,571 | +€14,423 | +2.4% |
| Equity | 10/15 | €261,537 | €320,407 | +€58,869 | +22.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,337 | €314,207 | +€58,869 | +23.1% |
| Amounts payable | 17/49 | €340,611 | €296,164 | -€44,446 | -13.0% |
| Amounts payable after more than one year | 17 | €7,464 | €0 | -€7,464 | -100% |
| Financial debts | 170/4 | €7,464 | €0 | -€7,464 | -100% |
| Amounts payable within one year | 42/48 | €333,146 | €296,164 | -€36,982 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €44,446 | €7,464 | -€36,982 | -83.2% |
| Other amounts payable | 47/48 | €288,700 | €288,700 | = | 0.0% |
| Gross operating margin | 9900 | -€387 | -€465 | -€78 | -20.2% |
| Operating profit (loss) | 9901 | -€387 | -€465 | -€78 | -20.2% |
| Financial income | 75/76B | €47,170 | €60,000 | +€12,830 | +27.2% |
| Recurring financial income | 75 | €47,170 | €60,000 | +€12,830 | +27.2% |
| Financial charges | 65/66B | €1,238 | €665 | -€573 | -46.3% |
| Recurring financial charges | 65 | €1,238 | €665 | -€573 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €45,545 | €58,869 | +€13,325 | +29.3% |
| Profit (loss) for the period | 9904 | €45,545 | €58,869 | +€13,325 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,545 | €58,869 | +€13,325 | +29.3% |
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 29 October 2026 via checked.be.