HOEVAST: 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.
HOEVAST
Largest movements
- Cash +€85,960
up €85,960 (+60.3%), from €142,644 to €228,604
mainly Other debts (+€341,669) and Net result for the year (+€130,951)
- Current investments +€65,000
up €65,000 (+65.0%), from €100,000 to €165,000
- Tangible fixed assets -€10,228
down €10,228 (-21.3%), from €48,021 to €37,793
- Other debts +€341,669
up €341,669 (+581%), from €58,767 to €400,436
- Reserves -€187,424
down €187,424 (-100%), from €187,424 to €0
- Tax, wage and social debts -€9,487
down €9,487 (-47.9%), from €19,800 to €10,313
of which Taxes: -€9,487
- Depreciation +€7,108
up €7,108 (+228%), from €3,120 to €10,228
- Taxes -€2,312
down €2,312 (-5.7%), from €40,479 to €38,167
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 | €331,523 | €476,427 | +€144,905 | +43.7% |
| Fixed assets | 21/28 | €48,021 | €37,793 | -€10,228 | -21.3% |
| Tangible fixed assets | 22/27 | €48,021 | €37,793 | -€10,228 | -21.3% |
| Furniture and vehicles | 24 | €48,021 | €37,793 | -€10,228 | -21.3% |
| Current assets | 29/58 | €283,502 | €438,635 | +€155,133 | +54.7% |
| Amounts receivable within one year | 40/41 | €38,081 | €42,045 | +€3,964 | +10.4% |
| Trade receivables | 40 | €32,841 | €34,192 | +€1,350 | +4.1% |
| Other amounts receivable | 41 | €5,240 | €7,853 | +€2,613 | +49.9% |
| Current investments | 50/53 | €100,000 | €165,000 | +€65,000 | +65.0% |
| Cash at bank and in hand | 54/58 | €142,644 | €228,604 | +€85,960 | +60.3% |
| Deferred charges and accrued income | 490/1 | €2,777 | €2,986 | +€209 | +7.5% |
| Total equity and liabilities | 10/49 | €331,523 | €476,427 | +€144,905 | +43.7% |
| Equity | 10/15 | €237,424 | €50,000 | -€187,424 | -78.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €187,424 | €0 | -€187,424 | -100% |
| Distributable reserves | 133 | €187,424 | €0 | -€187,424 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,099 | €426,427 | +€332,329 | +353% |
| Amounts payable within one year | 42/48 | €87,905 | €420,223 | +€332,318 | +378% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,339 | €9,475 | +€137 | +1.5% |
| Suppliers | 440/4 | €9,339 | €9,475 | +€137 | +1.5% |
| Taxes, remuneration and social security | 45 | €19,800 | €10,313 | -€9,487 | -47.9% |
| Taxes | 450/3 | €14,901 | €5,414 | -€9,487 | -63.7% |
| Remuneration and social security | 454/9 | €4,898 | €4,898 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €58,767 | €400,436 | +€341,669 | +581% |
| Accrued charges and deferred income | 492/3 | €6,194 | €6,204 | +€10 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,120 | €10,228 | +€7,108 | +228% |
| Other operating charges | 640/8 | €866 | €873 | +€7 | +0.8% |
| Gross operating margin | 9900 | €177,386 | €177,029 | -€357 | -0.2% |
| Operating profit (loss) | 9901 | €173,399 | €165,927 | -€7,472 | -4.3% |
| Financial income | 75/76B | €2,396 | €3,400 | +€1,004 | +41.9% |
| Recurring financial income | 75 | €2,396 | €3,400 | +€1,004 | +41.9% |
| Financial charges | 65/66B | €238 | €209 | -€30 | -12.5% |
| Recurring financial charges | 65 | €238 | €209 | -€30 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €175,556 | €169,118 | -€6,438 | -3.7% |
| Income taxes | 67/77 | €40,479 | €38,167 | -€2,312 | -5.7% |
| Profit (loss) for the period | 9904 | €135,078 | €130,951 | -€4,126 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €135,078 | €130,951 | -€4,126 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.