H-VB: 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-VB
Largest movements
- Tangible fixed assets -€95,668
no longer reported in 2023 (was €95,668)
of which Leasing and similar rights: -€90,400
- Receivables within one year -€22,249
down €22,249 (-86.0%), from €25,878 to €3,629
of which Trade receivables: -€19,150
- Cash -€17,836
down €17,836 (-37.1%), from €48,084 to €30,248
mainly Debts after one year (-€63,323) and Current portion of long-term debt (-€32,365)
- Deferred charges and accrued income -€7,838
down €7,838 (-99.9%), from €7,843 to €6
- Debts after one year -€63,323
down €63,323 (-46.9%), from €135,011 to €71,688
of which Financial debts: -€56,011
- Current portion of long-term debt -€32,365
no longer reported in 2023 (was €32,365)
- Trade debts -€25,163
no longer reported in 2023 (was €25,163)
- Profit (loss) carried forward -€18,563
down €18,563 (-63.9%), from -€29,052 to -€47,615
- Tax, wage and social debts -€3,362
no longer reported in 2023 (was €3,362)
of which Remuneration and social security: -€2,500
- Depreciation -€36,828
no longer reported in 2023 (was €36,828)
- Gross operating margin -€31,551
down €31,551 (-85.6%), from €36,856 to €5,305
- Other operating charges -€20,960
down €20,960 (-82.6%), from €25,385 to €4,425
- Financial charges -€3,626
down €3,626 (-61.3%), from €5,920 to €2,293
- Provisions +€2,228
no longer reported in 2023 (was -€2,228)
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,274 | €38,682 | -€143,592 | -78.8% |
| Fixed assets | 21/28 | €100,468 | €4,800 | -€95,668 | -95.2% |
| Tangible fixed assets | 22/27 | €95,668 | - | -€95,668 | |
| Plant, machinery and equipment | 23 | €936 | - | -€936 | |
| Furniture and vehicles | 24 | €4,333 | - | -€4,333 | |
| Leasing and similar rights | 25 | €90,400 | - | -€90,400 | |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €81,805 | €33,882 | -€47,923 | -58.6% |
| Amounts receivable within one year | 40/41 | €25,878 | €3,629 | -€22,249 | -86.0% |
| Trade receivables | 40 | €22,479 | €3,329 | -€19,150 | -85.2% |
| Other amounts receivable | 41 | €3,399 | €300 | -€3,099 | -91.2% |
| Cash at bank and in hand | 54/58 | €48,084 | €30,248 | -€17,836 | -37.1% |
| Deferred charges and accrued income | 490/1 | €7,843 | €6 | -€7,838 | -99.9% |
| Total equity and liabilities | 10/49 | €182,274 | €38,682 | -€143,592 | -78.8% |
| Equity | 10/15 | -€21,052 | -€39,615 | -€18,563 | -88.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,052 | -€47,615 | -€18,563 | -63.9% |
| Amounts payable | 17/49 | €203,326 | €78,298 | -€125,028 | -61.5% |
| Amounts payable after more than one year | 17 | €135,011 | €71,688 | -€63,323 | -46.9% |
| Financial debts | 170/4 | €68,011 | €12,000 | -€56,011 | -82.4% |
| Other amounts payable | 178/9 | €67,000 | €59,688 | -€7,312 | -10.9% |
| Amounts payable within one year | 42/48 | €68,285 | €6,606 | -€61,680 | -90.3% |
| Current portion of amounts payable after more than one year | 42 | €32,365 | - | -€32,365 | |
| Trade debts | 44 | €25,163 | - | -€25,163 | |
| Suppliers | 440/4 | €25,163 | - | -€25,163 | |
| Taxes, remuneration and social security | 45 | €3,362 | - | -€3,362 | |
| Taxes | 450/3 | €862 | - | -€862 | |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €7,395 | €6,606 | -€789 | -10.7% |
| Accrued charges and deferred income | 492/3 | €30 | €4 | -€26 | -86.3% |
| Non-recurring operating income | 76A | - | €992 | +€992 | |
| Remuneration, social security and pensions | 62 | - | €193 | +€193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,828 | - | -€36,828 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,228 | - | +€2,228 | |
| Other operating charges | 640/8 | €25,385 | €4,425 | -€20,960 | -82.6% |
| Non-recurring operating charges | 66A | €321 | €16,974 | +€16,653 | +5193.5% |
| Gross operating margin | 9900 | €36,856 | €5,305 | -€31,551 | -85.6% |
| Operating profit (loss) | 9901 | -€23,450 | -€16,286 | +€7,164 | +30.5% |
| Financial income | 75/76B | €155 | €24 | -€132 | -84.9% |
| Recurring financial income | 75 | €155 | €24 | -€132 | -84.9% |
| Financial charges | 65/66B | €5,920 | €2,293 | -€3,626 | -61.3% |
| Recurring financial charges | 65 | €5,920 | €2,293 | -€3,626 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,214 | -€18,556 | +€10,658 | +36.5% |
| Income taxes | 67/77 | - | €7 | +€7 | |
| Profit (loss) for the period | 9904 | -€29,214 | -€18,563 | +€10,651 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,214 | -€18,563 | +€10,651 | +36.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.