HIVIAN: 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.
What changed
HIVIAN
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€95,106
2024 · €264,127-€169,021
Equity
€2.4m
2024 · €2.4m+€30,106
Cash
€110,542
2024 · €80,357+€30,185
Balance sheet total
€7.7m
2024 · €7.6m+€91,906
Largest movements
Assets
- Tangible fixed assets +€223,835
up €223,835 (+3.7%), from €6.1m to €6.3m
of which Land and buildings: +€1.2m
- Receivables within one year -€221,169
down €221,169 (-21.0%), from €1.1m to €832,859
of which Trade receivables: -€202,249
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€270,960
down €270,960 (-15.9%), from €1.7m to €1.4m
- Taxes -€96,974
down €96,974 (-90.7%), from €106,929 to €9,955
- Write-downs -€59,985
down €59,985 (-100%), from €59,985 to €0
- Depreciation +€29,050
up €29,050 (+3.2%), from €902,866 to €931,916
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.
Result 2024
€264,127
Gross operating margin
-€270,960
Staff costs
-€9,994
Depreciation
-€29,050
Write-downs
+€59,985
Other operating charges
-€12,281
Other operating items
+€1,446
Financial income
-€1,654
Financial charges
-€3,487
Taxes
+€96,974
Result 2025
€95,106
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€1.2m
Financing
+€29,582
Cash 2024
€80,357
From operations (derived)
+€1.2m
Net result for the year
+€95,106
Depreciation
+€931,916
Stocks and contracts
+€441
Receivables within one year
+€221,169
Deferred charges and accrued income
-€59,495
Trade debts
-€12,924
Tax, wage and social debts
-€24,001
Other debts
+€4,143
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€29,582
Debts after one year
+€25,139
Current portion of long-term debt
+€69,443
Contributions, distributions and other
-€65,000
Cash 2025
€110,542
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,577,157 | €7,669,063 | +€91,906 | +1.2% |
| Fixed assets | 21/28 | €6,116,793 | €6,340,628 | +€223,835 | +3.7% |
| Tangible fixed assets | 22/27 | €6,116,793 | €6,340,628 | +€223,835 | +3.7% |
| Land and buildings | 22 | €3,361,969 | €4,515,253 | +€1.2m | +34.3% |
| Plant, machinery and equipment | 23 | €1,375,234 | €1,477,035 | +€101,801 | +7.4% |
| Furniture and vehicles | 24 | €429,020 | €319,644 | -€109,376 | -25.5% |
| Leasing and similar rights | 25 | €950,570 | €28,695 | -€921,874 | -97.0% |
| Current assets | 29/58 | €1,460,364 | €1,328,435 | -€131,929 | -9.0% |
| Stocks and contracts in progress | 3 | €224,635 | €224,195 | -€441 | -0.2% |
| Stocks | 30/36 | €224,635 | €224,195 | -€441 | -0.2% |
| Amounts receivable within one year | 40/41 | €1,054,028 | €832,859 | -€221,169 | -21.0% |
| Trade receivables | 40 | €1,015,088 | €812,838 | -€202,249 | -19.9% |
| Other amounts receivable | 41 | €38,940 | €20,020 | -€18,919 | -48.6% |
| Cash at bank and in hand | 54/58 | €80,357 | €110,542 | +€30,185 | +37.6% |
| Deferred charges and accrued income | 490/1 | €101,344 | €160,840 | +€59,495 | +58.7% |
| Total equity and liabilities | 10/49 | €7,577,157 | €7,669,063 | +€91,906 | +1.2% |
| Equity | 10/15 | €2,407,186 | €2,437,292 | +€30,106 | +1.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,345,686 | €2,375,792 | +€30,106 | +1.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €382,885 | €382,885 | = | 0.0% |
| Distributable reserves | 133 | €1,956,651 | €1,986,757 | +€30,106 | +1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €5,169,970 | €5,231,771 | +€61,800 | +1.2% |
| Amounts payable after more than one year | 17 | €3,532,645 | €3,557,784 | +€25,139 | +0.7% |
| Financial debts | 170/4 | €3,532,645 | €3,557,784 | +€25,139 | +0.7% |
| Amounts payable within one year | 42/48 | €1,637,326 | €1,673,987 | +€36,661 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €717,440 | €786,883 | +€69,443 | +9.7% |
| Trade debts | 44 | €847,681 | €834,757 | -€12,924 | -1.5% |
| Suppliers | 440/4 | €847,681 | €834,757 | -€12,924 | -1.5% |
| Taxes, remuneration and social security | 45 | €40,459 | €16,458 | -€24,001 | -59.3% |
| Taxes | 450/3 | €35,771 | €262 | -€35,509 | -99.3% |
| Remuneration and social security | 454/9 | €4,688 | €16,196 | +€11,508 | +245% |
| Other amounts payable | 47/48 | €31,746 | €35,889 | +€4,143 | +13.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €36,546 | €0 | -€36,546 | -100% |
| Remuneration, social security and pensions | 62 | €219,277 | €229,271 | +€9,994 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €902,866 | €931,916 | +€29,050 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €59,985 | €0 | -€59,985 | -100% |
| Other operating charges | 640/8 | €69,291 | €81,572 | +€12,281 | +17.7% |
| Non-recurring operating charges | 66A | €1,446 | €0 | -€1,446 | -100% |
| Gross operating margin | 9900 | €1,705,985 | €1,435,025 | -€270,960 | -15.9% |
| Operating profit (loss) | 9901 | €453,121 | €192,266 | -€260,855 | -57.6% |
| Financial income | 75/76B | €9,394 | €7,740 | -€1,654 | -17.6% |
| Recurring financial income | 75 | €9,394 | €7,740 | -€1,654 | -17.6% |
| Financial charges | 65/66B | €91,458 | €94,945 | +€3,487 | +3.8% |
| Recurring financial charges | 65 | €91,458 | €94,945 | +€3,487 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €371,057 | €105,061 | -€265,996 | -71.7% |
| Income taxes | 67/77 | €106,929 | €9,955 | -€96,974 | -90.7% |
| Profit (loss) for the period | 9904 | €264,127 | €95,106 | -€169,021 | -64.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €158,877 | €95,106 | -€63,771 | -40.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.