HCVet: 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.
HCVet
Largest movements
- Cash -€23,446
down €23,446 (-91.4%), from €25,664 to €2,218
mainly Other debts (-€15,913) and Tax, wage and social debts (-€6,795)
- Stocks and contracts -€5,349
no longer reported in 2025 (was €5,349)
- Receivables within one year -€1,730
down €1,730 (-15.0%), from €11,529 to €9,799
of which Trade receivables: -€2,578
- Other debts -€15,913
down €15,913 (-85.8%), from €18,546 to €2,632
- Tax, wage and social debts -€6,795
down €6,795 (-57.7%), from €11,783 to €4,988
of which Taxes: -€8,575
- Profit (loss) carried forward -€5,178
down €5,178 (-43.2%), from €11,998 to €6,820
- Debts after one year -€3,547
down €3,547 (-6.1%), from €58,041 to €54,494
- Gross operating margin -€16,651
down €16,651 (-74.4%), from €22,393 to €5,742
- Taxes -€3,175
no longer reported in 2025 (was €3,175)
- Financial charges -€1,259
down €1,259 (-19.8%), from €6,363 to €5,104
- Other operating charges -€390
down €390 (-45.5%), from €857 to €467
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.
Cash bridge derived
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 | €108,367 | €77,842 | -€30,525 | -28.2% |
| Fixed assets | 21/28 | €65,825 | €65,825 | = | 0.0% |
| Tangible fixed assets | 22/27 | €65,000 | €65,000 | = | 0.0% |
| Land and buildings | 22 | €65,000 | €65,000 | = | 0.0% |
| Financial fixed assets | 28 | €825 | €825 | = | 0.0% |
| Current assets | 29/58 | €42,542 | €12,017 | -€30,525 | -71.8% |
| Stocks and contracts in progress | 3 | €5,349 | - | -€5,349 | |
| Stocks | 30/36 | €5,349 | - | -€5,349 | |
| Amounts receivable within one year | 40/41 | €11,529 | €9,799 | -€1,730 | -15.0% |
| Trade receivables | 40 | €11,529 | €8,951 | -€2,578 | -22.4% |
| Other amounts receivable | 41 | - | €848 | +€848 | |
| Cash at bank and in hand | 54/58 | €25,664 | €2,218 | -€23,446 | -91.4% |
| Total equity and liabilities | 10/49 | €108,367 | €77,842 | -€30,525 | -28.2% |
| Equity | 10/15 | €15,498 | €10,320 | -€5,178 | -33.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,998 | €6,820 | -€5,178 | -43.2% |
| Amounts payable | 17/49 | €92,869 | €67,522 | -€25,347 | -27.3% |
| Amounts payable after more than one year | 17 | €58,041 | €54,494 | -€3,547 | -6.1% |
| Financial debts | 170/4 | €58,041 | €54,494 | -€3,547 | -6.1% |
| Amounts payable within one year | 42/48 | €34,828 | €13,028 | -€21,800 | -62.6% |
| Current portion of amounts payable after more than one year | 42 | €3,414 | €3,547 | +€132 | +3.9% |
| Trade debts | 44 | €1,085 | €1,861 | +€775 | +71.4% |
| Suppliers | 440/4 | €1,085 | €1,861 | +€775 | +71.4% |
| Taxes, remuneration and social security | 45 | €11,783 | €4,988 | -€6,795 | -57.7% |
| Taxes | 450/3 | €11,783 | €3,208 | -€8,575 | -72.8% |
| Remuneration and social security | 454/9 | - | €1,780 | +€1,780 | |
| Other amounts payable | 47/48 | €18,546 | €2,632 | -€15,913 | -85.8% |
| Other operating charges | 640/8 | €857 | €467 | -€390 | -45.5% |
| Non-recurring operating charges | 66A | - | €5,349 | +€5,349 | |
| Gross operating margin | 9900 | €22,393 | €5,742 | -€16,651 | -74.4% |
| Operating profit (loss) | 9901 | €21,536 | -€74 | -€21,610 | |
| Financial charges | 65/66B | €6,363 | €5,104 | -€1,259 | -19.8% |
| Recurring financial charges | 65 | €6,363 | €5,104 | -€1,259 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €15,174 | -€5,178 | -€20,351 | |
| Income taxes | 67/77 | €3,175 | - | -€3,175 | |
| Profit (loss) for the period | 9904 | €11,998 | -€5,178 | -€17,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,998 | -€5,178 | -€17,176 |
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 12 October 2026 via checked.be.