H.V.R.B.: what changed
H.V.R.B.
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€11
down €11 (-1.9%), from -€545 to -€555
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,734 | €193,734 | = | 0.0% |
| Current assets | 29/58 | €193,734 | €193,734 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €193,734 | €193,734 | = | 0.0% |
| Other amounts receivable | 41 | €193,734 | €193,734 | = | 0.0% |
| Total equity and liabilities | 10/49 | €193,734 | €193,734 | = | 0.0% |
| Equity | 10/15 | €192,254 | €191,699 | -€555 | -0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,122 | €74,122 | = | 0.0% |
| 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 | €72,262 | €72,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,932 | €111,377 | -€555 | -0.5% |
| Amounts payable | 17/49 | €1,481 | €2,036 | +€555 | +37.5% |
| Amounts payable within one year | 42/48 | €1,481 | €2,036 | +€555 | +37.5% |
| Other amounts payable | 47/48 | €1,481 | €2,036 | +€555 | +37.5% |
| Gross operating margin | 9900 | -€545 | -€555 | -€11 | -1.9% |
| Operating profit (loss) | 9901 | -€545 | -€555 | -€11 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€545 | -€555 | -€11 | -1.9% |
| Profit (loss) for the period | 9904 | -€545 | -€555 | -€11 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€545 | -€555 | -€11 | -1.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.