H.T.V.: 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.
H.T.V.
Largest movements
- Current investments -€50,805
down €50,805 (-76.3%), from €66,607 to €15,802
- Cash +€21,130
up €21,130 (+9.9%), from €213,706 to €234,836
mainly Current investments (+€50,805) and Tax, wage and social debts (+€20,868)
- Receivables within one year -€6,421
down €6,421 (-61.7%), from €10,402 to €3,981
of which Other amounts receivable: -€5,709
- Deferred charges and accrued income -€5,137
down €5,137 (-83.7%), from €6,137 to €1,000
- Profit (loss) carried forward -€70,000
down €70,000 (-23.4%), from €298,880 to €228,880
- Tax, wage and social debts +€20,868
up €20,868 (+15,809%), from €132 to €21,000
- Reserves +€14,805
up €14,805 (+796%), from €1,859 to €16,664
of which Distributable reserves: +€14,805
- Other debts -€5,435
down €5,435 (-26.8%), from €20,268 to €14,833
- Depreciation +€7,376
up €7,376 (+328%), from €2,252 to €9,628
- Taxes +€4,618
up €4,618 (+2,851%), from €162 to €4,780
- Gross operating margin +€614
up €614 (+2.1%), from €29,377 to €29,991
- Financial charges -€351
down €351 (-85.6%), from €410 to €59
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 | €343,636 | €301,121 | -€42,515 | -12.4% |
| Fixed assets | 21/28 | €37,370 | €36,006 | -€1,364 | -3.6% |
| Tangible fixed assets | 22/27 | €37,370 | €36,006 | -€1,364 | -3.6% |
| Plant, machinery and equipment | 23 | €35,546 | €28,090 | -€7,456 | -21.0% |
| Furniture and vehicles | 24 | €1,824 | €7,916 | +€6,092 | +334% |
| Current assets | 29/58 | €306,266 | €265,115 | -€41,151 | -13.4% |
| Stocks and contracts in progress | 3 | €9,414 | €9,496 | +€82 | +0.9% |
| Stocks | 30/36 | €9,414 | €9,496 | +€82 | +0.9% |
| Amounts receivable within one year | 40/41 | €10,402 | €3,981 | -€6,421 | -61.7% |
| Trade receivables | 40 | €4,211 | €3,499 | -€712 | -16.9% |
| Other amounts receivable | 41 | €6,191 | €482 | -€5,709 | -92.2% |
| Current investments | 50/53 | €66,607 | €15,802 | -€50,805 | -76.3% |
| Cash at bank and in hand | 54/58 | €213,706 | €234,836 | +€21,130 | +9.9% |
| Deferred charges and accrued income | 490/1 | €6,137 | €1,000 | -€5,137 | -83.7% |
| Total equity and liabilities | 10/49 | €343,636 | €301,121 | -€42,515 | -12.4% |
| Equity | 10/15 | €319,331 | €264,136 | -€55,195 | -17.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €16,664 | +€14,805 | +796% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €14,805 | +€14,805 | |
| Profit (loss) carried forward | 14 | €298,880 | €228,880 | -€70,000 | -23.4% |
| Amounts payable | 17/49 | €24,305 | €36,985 | +€12,680 | +52.2% |
| Amounts payable within one year | 42/48 | €23,921 | €36,985 | +€13,064 | +54.6% |
| Trade debts | 44 | €3,521 | €1,152 | -€2,369 | -67.3% |
| Suppliers | 440/4 | €3,521 | €1,152 | -€2,369 | -67.3% |
| Taxes, remuneration and social security | 45 | €132 | €21,000 | +€20,868 | +15,809% |
| Taxes | 450/3 | €132 | €21,000 | +€20,868 | +15,809% |
| Other amounts payable | 47/48 | €20,268 | €14,833 | -€5,435 | -26.8% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,252 | €9,628 | +€7,376 | +328% |
| Other operating charges | 640/8 | €555 | €719 | +€164 | +29.5% |
| Non-recurring operating charges | 66A | €30,739 | - | -€30,739 | |
| Gross operating margin | 9900 | €29,377 | €29,991 | +€614 | +2.1% |
| Operating profit (loss) | 9901 | -€4,169 | €19,644 | +€23,813 | |
| Financial income | 75/76B | €98 | - | -€98 | |
| Recurring financial income | 75 | €98 | - | -€98 | |
| Financial charges | 65/66B | €410 | €59 | -€351 | -85.6% |
| Recurring financial charges | 65 | €410 | €59 | -€351 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,481 | €19,585 | +€24,066 | |
| Income taxes | 67/77 | €162 | €4,780 | +€4,618 | +2,851% |
| Profit (loss) for the period | 9904 | -€4,643 | €14,805 | +€19,448 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,643 | €14,805 | +€19,448 |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.