H.V.H.: 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.V.H.
Largest movements
- Cash +€1,341
up €1,341 (+569%), from €236 to €1,577
mainly Other debts (+€18,107) and Receivables within one year (+€582)
- Receivables within one year -€582
no longer reported in 2022 (was €582)
of which Trade receivables: -€568
- Tangible fixed assets -€412
no longer reported in 2022 (was €412)
- Other debts +€18,107
up €18,107 (+58.3%), from €31,067 to €49,174
- Tax, wage and social debts -€15,746
down €15,746 (-99.9%), from €15,760 to €14
of which Remuneration and social security: -€13,988
- Profit (loss) carried forward -€2,014
down €2,014 (-3.1%), from -€64,642 to -€66,656
- Gross operating margin +€29,102
up €29,102 (+95.6%), from -€30,430 to -€1,328
- Staff costs -€5,225
no longer reported in 2022 (was €5,225)
- Depreciation -€722
no longer reported in 2022 (was €722)
- Other operating charges -€442
down €442 (-45.6%), from €969 to €527
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,230 | €1,577 | +€347 | +28.2% |
| Fixed assets | 21/28 | €412 | - | -€412 | |
| Tangible fixed assets | 22/27 | €412 | - | -€412 | |
| Furniture and vehicles | 24 | €412 | - | -€412 | |
| Current assets | 29/58 | €818 | €1,577 | +€759 | +92.9% |
| Amounts receivable within one year | 40/41 | €582 | - | -€582 | |
| Trade receivables | 40 | €568 | - | -€568 | |
| Other amounts receivable | 41 | €14 | - | -€14 | |
| Cash at bank and in hand | 54/58 | €236 | €1,577 | +€1,341 | +569% |
| Total equity and liabilities | 10/49 | €1,230 | €1,577 | +€347 | +28.2% |
| Equity | 10/15 | -€45,596 | -€47,610 | -€2,014 | -4.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €454 | €454 | = | 0.0% |
| Non-distributable reserves | 130/1 | €454 | €454 | = | 0.0% |
| Reserves not available under the articles | 1311 | €454 | €454 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,642 | -€66,656 | -€2,014 | -3.1% |
| Amounts payable | 17/49 | €46,826 | €49,187 | +€2,361 | +5.0% |
| Amounts payable within one year | 42/48 | €46,826 | €49,187 | +€2,361 | +5.0% |
| Taxes, remuneration and social security | 45 | €15,760 | €14 | -€15,746 | -99.9% |
| Taxes | 450/3 | €1,772 | €14 | -€1,758 | -99.2% |
| Remuneration and social security | 454/9 | €13,988 | - | -€13,988 | |
| Other amounts payable | 47/48 | €31,067 | €49,174 | +€18,107 | +58.3% |
| Non-recurring operating income | 76A | €1,777 | €9,615 | +€7,838 | +441% |
| Remuneration, social security and pensions | 62 | €5,225 | - | -€5,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722 | - | -€722 | |
| Other operating charges | 640/8 | €969 | €527 | -€442 | -45.6% |
| Gross operating margin | 9900 | -€30,430 | -€1,328 | +€29,102 | +95.6% |
| Operating profit (loss) | 9901 | -€37,345 | -€1,854 | +€35,491 | +95.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €308 | €174 | -€133 | -43.3% |
| Recurring financial charges | 65 | €308 | €174 | -€133 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | -€37,652 | -€2,029 | +€35,623 | +94.6% |
| Income taxes | 67/77 | - | -€15 | -€15 | |
| Profit (loss) for the period | 9904 | -€37,652 | -€2,014 | +€35,638 | +94.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,652 | -€2,014 | +€35,638 | +94.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.