HINOVA: what changed
Two fiscal 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.
HINOVA
Largest movements
- Cash -€11,072
no longer reported in 2023 (was €11,072)
mainly Net result for the year (-€14,990) and Deferred charges and accrued income (-€3,698)
- Receivables within one year -€7,841
no longer reported in 2023 (was €7,841)
- Deferred charges and accrued income +€3,698
new in 2023: €3,698
- Formation expenses -€300
down €300 (-27.1%), from €1,109 to €809
- Profit (loss) carried forward -€14,990
down €14,990, from €6,658 to -€8,333
- Tax, wage and social debts -€687
down €687 (-8.7%), from €7,938 to €7,251
of which Taxes: -€687
- Turnover -€42,283
down €42,283 (-91.4%), from €46,236 to €3,953
- Gross operating margin -€23,432
down €23,432, from €8,790 to -€14,642
- Purchases and services -€18,893
down €18,893 (-50.4%), from €37,488 to €18,596
- Taxes -€1,951
down €1,951 (-100.0%), from €1,951 to €0
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 | €20,021 | €4,507 | -€15,514 | -77.5% |
| Formation expenses | 20 | €1,109 | €809 | -€300 | -27.1% |
| Current assets | 29/58 | €18,912 | €3,698 | -€15,214 | -80.4% |
| Amounts receivable within one year | 40/41 | €7,841 | - | -€7,841 | |
| Trade receivables | 40 | €7,841 | - | -€7,841 | |
| Cash at bank and in hand | 54/58 | €11,072 | - | -€11,072 | |
| Deferred charges and accrued income | 490/1 | - | €3,698 | +€3,698 | |
| Total equity and liabilities | 10/49 | €20,021 | €4,507 | -€15,514 | -77.5% |
| Equity | 10/15 | €6,958 | -€8,033 | -€14,990 | |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,658 | -€8,333 | -€14,990 | |
| Amounts payable | 17/49 | €13,064 | €12,540 | -€524 | -4.0% |
| Amounts payable within one year | 42/48 | €13,048 | €12,540 | -€508 | -3.9% |
| Trade debts | 44 | €761 | €941 | +€179 | +23.6% |
| Suppliers | 440/4 | €761 | €941 | +€179 | +23.6% |
| Taxes, remuneration and social security | 45 | €7,938 | €7,251 | -€687 | -8.7% |
| Taxes | 450/3 | €5,938 | €5,251 | -€687 | -11.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,348 | €4,348 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €16 | - | -€16 | |
| Turnover | 70 | €46,236 | €3,953 | -€42,283 | -91.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €37,488 | €18,596 | -€18,893 | -50.4% |
| Remuneration, social security and pensions | 62 | - | €48 | +€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181 | €300 | +€119 | +65.3% |
| Gross operating margin | 9900 | €8,790 | -€14,642 | -€23,432 | |
| Operating profit (loss) | 9901 | €8,608 | -€14,990 | -€23,598 | |
| Profit (loss) for the period before taxes | 9903 | €8,608 | -€14,990 | -€23,598 | |
| Income taxes | 67/77 | €1,951 | €0 | -€1,951 | -100.0% |
| Profit (loss) for the period | 9904 | €6,658 | -€14,990 | -€21,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,658 | -€14,990 | -€21,648 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.