HIVA: 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.
HIVA
Largest movements
- Tangible fixed assets -€13,320
down €13,320 (-2.4%), from €546,705 to €533,385
- Debts after one year -€36,600
down €36,600 (-9.4%), from €390,400 to €353,800
- Profit (loss) carried forward +€24,539
up €24,539 (+29.7%), from €82,746 to €107,285
- Tax, wage and social debts -€8,769
down €8,769 (-88.2%), from €9,942 to €1,173
- Other debts +€7,613
up €7,613 (+126%), from €6,045 to €13,658
- Taxes +€1,731
up €1,731 (+25.9%), from €6,673 to €8,403
- Gross operating margin +€1,078
up €1,078 (+2.2%), from €48,689 to €49,767
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.
Derived cash bridge
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 | €550,303 | €539,422 | -€10,881 | -2.0% |
| Fixed assets | 21/28 | €546,705 | €533,385 | -€13,320 | -2.4% |
| Tangible fixed assets | 22/27 | €546,705 | €533,385 | -€13,320 | -2.4% |
| Land and buildings | 22 | €546,705 | €533,385 | -€13,320 | -2.4% |
| Current assets | 29/58 | €3,597 | €6,036 | +€2,439 | +67.8% |
| Amounts receivable within one year | 40/41 | €1,351 | €420 | -€932 | -68.9% |
| Other amounts receivable | 41 | €1,351 | €420 | -€932 | -68.9% |
| Cash at bank and in hand | 54/58 | €2,246 | €5,616 | +€3,371 | +150% |
| Total equity and liabilities | 10/49 | €550,303 | €539,422 | -€10,881 | -2.0% |
| Equity | 10/15 | €87,746 | €112,285 | +€24,539 | +28.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,746 | €107,285 | +€24,539 | +29.7% |
| Amounts payable | 17/49 | €462,557 | €427,137 | -€35,420 | -7.7% |
| Amounts payable after more than one year | 17 | €390,400 | €353,800 | -€36,600 | -9.4% |
| Other amounts payable | 178/9 | €390,400 | €353,800 | -€36,600 | -9.4% |
| Amounts payable within one year | 42/48 | €72,107 | €73,337 | +€1,230 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €54,960 | €52,720 | -€2,240 | -4.1% |
| Trade debts | 44 | €1,160 | €5,786 | +€4,626 | +399% |
| Suppliers | 440/4 | €1,160 | €5,786 | +€4,626 | +399% |
| Taxes, remuneration and social security | 45 | €9,942 | €1,173 | -€8,769 | -88.2% |
| Taxes | 450/3 | €9,942 | €1,173 | -€8,769 | -88.2% |
| Other amounts payable | 47/48 | €6,045 | €13,658 | +€7,613 | +126% |
| Accrued charges and deferred income | 492/3 | €50 | €0 | -€50 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,320 | €13,320 | = | 0.0% |
| Other operating charges | 640/8 | €2,387 | €2,834 | +€447 | +18.7% |
| Gross operating margin | 9900 | €48,689 | €49,767 | +€1,078 | +2.2% |
| Operating profit (loss) | 9901 | €32,982 | €33,613 | +€631 | +1.9% |
| Financial charges | 65/66B | €860 | €670 | -€190 | -22.1% |
| Recurring financial charges | 65 | €860 | €670 | -€190 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €32,122 | €32,943 | +€820 | +2.6% |
| Income taxes | 67/77 | €6,673 | €8,403 | +€1,731 | +25.9% |
| Profit (loss) for the period | 9904 | €25,450 | €24,539 | -€910 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,450 | €24,539 | -€910 | -3.6% |
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 13 October 2026 via checked.be.