Hiva-Oa: 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-Oa
Largest movements
- Cash -€15,697
down €15,697 (-72.9%), from €21,530 to €5,833
mainly Trade debts (-€18,024) and Stocks and contracts (-€11,022)
- Stocks and contracts +€11,022
up €11,022 (+6.4%), from €173,465 to €184,487
- Trade debts -€18,024
down €18,024 (-15.6%), from €115,431 to €97,406
- Advances received +€13,312
up €13,312 (+206%), from €6,478 to €19,790
- Profit (loss) carried forward +€6,712
up €6,712 (+409%), from €1,639 to €8,351
- Accrued charges and deferred income -€6,000
down €6,000 (-100%), from €6,000 to €0
- Turnover +€53,265
up €53,265 (+37.7%), from €141,352 to €194,617
- Purchases and services +€36,438
up €36,438 (+44.2%), from €82,453 to €118,891
- Gross operating margin +€16,833
up €16,833 (+28.6%), from €58,954 to €75,786
- Staff costs +€7,062
up €7,062 (+12.6%), from €56,084 to €63,146
- Taxes +€2,299
up €2,299 (+256%), from €898 to €3,197
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 | €198,761 | €195,109 | -€3,652 | -1.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €425 | €159 | -€266 | -62.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €266 | €0 | -€266 | -100% |
| Furniture and vehicles | 24 | €266 | €0 | -€266 | -100% |
| Financial fixed assets | 28 | €159 | €159 | = | 0.0% |
| Current assets | 29/58 | €198,336 | €194,950 | -€3,386 | -1.7% |
| Stocks and contracts in progress | 3 | €173,465 | €184,487 | +€11,022 | +6.4% |
| Stocks | 30/36 | €173,465 | €184,487 | +€11,022 | +6.4% |
| Amounts receivable within one year | 40/41 | €1,140 | €2,056 | +€917 | +80.4% |
| Trade receivables | 40 | €531 | €1,447 | +€917 | +173% |
| Other amounts receivable | 41 | €609 | €609 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,530 | €5,833 | -€15,697 | -72.9% |
| Deferred charges and accrued income | 490/1 | €2,201 | €2,573 | +€372 | +16.9% |
| Total equity and liabilities | 10/49 | €198,761 | €195,109 | -€3,652 | -1.8% |
| Equity | 10/15 | €56,639 | €63,351 | +€6,712 | +11.9% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Capital | 10 | €55,000 | €55,000 | = | 0.0% |
| Issued capital | 100 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Legal reserve | 130 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €1,639 | €8,351 | +€6,712 | +409% |
| Amounts payable | 17/49 | €142,122 | €131,758 | -€10,364 | -7.3% |
| Amounts payable within one year | 42/48 | €136,122 | €131,758 | -€4,364 | -3.2% |
| Trade debts | 44 | €115,431 | €97,406 | -€18,024 | -15.6% |
| Suppliers | 440/4 | €115,431 | €97,406 | -€18,024 | -15.6% |
| Advances received on contracts in progress | 46 | €6,478 | €19,790 | +€13,312 | +206% |
| Taxes, remuneration and social security | 45 | €14,214 | €14,562 | +€348 | +2.4% |
| Taxes | 450/3 | €6,894 | €5,487 | -€1,407 | -20.4% |
| Remuneration and social security | 454/9 | €7,320 | €9,075 | +€1,755 | +24.0% |
| Accrued charges and deferred income | 492/3 | €6,000 | €0 | -€6,000 | -100% |
| Turnover | 70 | €141,352 | €194,617 | +€53,265 | +37.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €82,453 | €118,891 | +€36,438 | +44.2% |
| Remuneration, social security and pensions | 62 | €56,084 | €63,146 | +€7,062 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €441 | €266 | -€175 | -39.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€850 | €1,024 | +€1,874 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €58,954 | €75,786 | +€16,833 | +28.6% |
| Operating profit (loss) | 9901 | €2,891 | €10,951 | +€8,060 | +279% |
| Financial income | 75/76B | €449 | €958 | +€509 | +113% |
| Recurring financial income | 75 | €449 | €958 | +€509 | +113% |
| Financial charges | 65/66B | €1,797 | €2,000 | +€203 | +11.3% |
| Recurring financial charges | 65 | €1,797 | €2,000 | +€203 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €1,544 | €9,909 | +€8,365 | +542% |
| Income taxes | 67/77 | €898 | €3,197 | +€2,299 | +256% |
| Profit (loss) for the period | 9904 | €646 | €6,712 | +€6,066 | +938% |
| Profit (loss) for the period to be appropriated | 9905 | €646 | €6,712 | +€6,066 | +938% |
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 27 October 2026 via checked.be.