HIVOLUTION: 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.
HIVOLUTION
Largest movements
- Cash +€51,885
up €51,885 (+149.5%), from €34,703 to €86,588
mainly Other debts (+€57,958) and Net result for the year (+€57,778)
- Current investments -€42,048
down €42,048 (-39.1%), from €107,547 to €65,500
- Tangible fixed assets -€6,579
down €6,579 (-49.9%), from €13,187 to €6,607
of which Furniture and vehicles: -€6,175
- Receivables within one year -€2,175
down €2,175 (-14.7%), from €14,815 to €12,640
- Other debts +€57,958
up €57,958 (+5535.0%), from €1,047 to €59,005
- Reserves -€50,300
down €50,300 (-33.2%), from €151,541 to €101,241
- Tax, wage and social debts -€4,685
down €4,685 (-28.7%), from €16,306 to €11,621
- Gross operating margin -€10,475
down €10,475 (-11.5%), from €91,078 to €80,604
- Depreciation -€6,821
down €6,821 (-50.9%), from €13,400 to €6,579
- Taxes -€1,233
down €1,233 (-7.1%), from €17,328 to €16,094
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 | €171,488 | €173,879 | +€2,390 | +1.4% |
| Fixed assets | 21/28 | €13,187 | €6,607 | -€6,579 | -49.9% |
| Tangible fixed assets | 22/27 | €13,187 | €6,607 | -€6,579 | -49.9% |
| Furniture and vehicles | 24 | €10,265 | €4,090 | -€6,175 | -60.2% |
| Other tangible fixed assets | 26 | €2,922 | €2,518 | -€404 | -13.8% |
| Current assets | 29/58 | €158,302 | €167,271 | +€8,969 | +5.7% |
| Amounts receivable within one year | 40/41 | €14,815 | €12,640 | -€2,175 | -14.7% |
| Trade receivables | 40 | €14,815 | €12,640 | -€2,175 | -14.7% |
| Current investments | 50/53 | €107,547 | €65,500 | -€42,048 | -39.1% |
| Cash at bank and in hand | 54/58 | €34,703 | €86,588 | +€51,885 | +149.5% |
| Deferred charges and accrued income | 490/1 | €1,236 | €2,543 | +€1,308 | +105.8% |
| Total equity and liabilities | 10/49 | €171,488 | €173,879 | +€2,390 | +1.4% |
| Equity | 10/15 | €152,541 | €102,241 | -€50,300 | -33.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €151,541 | €101,241 | -€50,300 | -33.2% |
| Distributable reserves | 133 | €151,541 | €101,241 | -€50,300 | -33.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,948 | €71,638 | +€52,690 | +278.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,948 | €71,638 | +€52,690 | +278.1% |
| Current portion of amounts payable after more than one year | 42 | €566 | €0 | -€566 | -100.0% |
| Trade debts | 44 | €1,029 | €1,011 | -€17 | -1.7% |
| Suppliers | 440/4 | €1,029 | €1,011 | -€17 | -1.7% |
| Taxes, remuneration and social security | 45 | €16,306 | €11,621 | -€4,685 | -28.7% |
| Taxes | 450/3 | €16,306 | €11,621 | -€4,685 | -28.7% |
| Other amounts payable | 47/48 | €1,047 | €59,005 | +€57,958 | +5535.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,400 | €6,579 | -€6,821 | -50.9% |
| Other operating charges | 640/8 | €841 | €1,172 | +€331 | +39.4% |
| Non-recurring operating charges | 66A | €208 | €0 | -€208 | -100.0% |
| Gross operating margin | 9900 | €91,078 | €80,604 | -€10,475 | -11.5% |
| Operating profit (loss) | 9901 | €76,630 | €72,853 | -€3,777 | -4.9% |
| Financial income | 75/76B | €279 | €1,097 | +€817 | +292.7% |
| Recurring financial income | 75 | €279 | €1,097 | +€817 | +292.7% |
| Financial charges | 65/66B | €99 | €77 | -€21 | -21.8% |
| Recurring financial charges | 65 | €99 | €77 | -€21 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €76,810 | €73,872 | -€2,938 | -3.8% |
| Income taxes | 67/77 | €17,328 | €16,094 | -€1,233 | -7.1% |
| Profit (loss) for the period | 9904 | €59,482 | €57,778 | -€1,705 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,482 | €57,778 | -€1,705 | -2.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.