Hoevelinck Philippe: what changed
What changed
Hoevelinck Philippe
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
-€10,629
2024 · €40,032-€50,660
Equity
€49,827
2024 · €60,456-€10,629
Cash
€74,048
2024 · €59,276+€14,772
Balance sheet total
€173,349
2024 · €201,535-€28,186
Largest movements
Assets
- Tangible fixed assets -€32,935
down €32,935 (-34.4%), from €95,819 to €62,884
of which Furniture and vehicles: -€23,252
- Cash +€14,772
up €14,772 (+24.9%), from €59,276 to €74,048
mainly Provisions (+€26,523) and Depreciation (+€22,617)
- Receivables within one year -€12,293
down €12,293 (-38.1%), from €32,265 to €19,972
of which Trade receivables: -€20,960
- Deferred charges and accrued income +€4,117
up €4,117, from €0 to €4,117
Equity and liabilities
- Other debts -€57,796
down €57,796 (-75.3%), from €76,726 to €18,930
- Provisions +€26,523
up €26,523, from €0 to €26,523
- Trade debts +€18,178
up €18,178 (+221%), from €8,211 to €26,388
- Debts after one year -€12,992
down €12,992 (-35.3%), from €36,847 to €23,855
- Profit (loss) carried forward -€10,629
down €10,629, from €0 to -€10,629
Income statement
- Provisions +€54,775
up €54,775, from -€28,252 to €26,523
- Gross operating margin -€21,883
down €21,883 (-31.3%), from €69,948 to €48,064
- Financial charges -€19,867
down €19,867 (-77.8%), from €25,539 to €5,672
- Depreciation -€6,432
down €6,432 (-22.1%), from €29,050 to €22,617
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,032
Gross operating margin
-€21,883
Depreciation
+€6,432
Provisions
-€54,775
Other operating charges
+€127
Other operating items
-€187
Financial income
-€15
Financial charges
+€19,867
Taxes
-€226
Result 2025
-€10,629
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€16,892
Investment
+€10,318
Financing
-€12,437
Cash 2024
€59,276
From operations (derived)
+€16,892
Net result for the year
-€10,629
Depreciation
+€22,617
Stocks and contracts
+€1,848
Receivables within one year
+€12,293
Deferred charges and accrued income
-€4,117
Provisions
+€26,523
Trade debts
+€18,178
Tax, wage and social debts
+€2,086
Other debts
-€57,796
Accrued charges and deferred income
+€5,889
Investment (derived)
+€10,318
Investment in fixed assets (net)
+€10,318
Financing
-€12,437
Debts after one year
-€12,992
Current portion of long-term debt
+€554
Cash 2025
€74,048
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,535 | €173,349 | -€28,186 | -14.0% |
| Fixed assets | 21/28 | €95,819 | €62,884 | -€32,935 | -34.4% |
| Tangible fixed assets | 22/27 | €95,819 | €62,884 | -€32,935 | -34.4% |
| Land and buildings | 22 | €4,943 | €3,721 | -€1,222 | -24.7% |
| Plant, machinery and equipment | 23 | €34,768 | €26,307 | -€8,461 | -24.3% |
| Furniture and vehicles | 24 | €56,108 | €32,856 | -€23,252 | -41.4% |
| Current assets | 29/58 | €105,716 | €110,465 | +€4,749 | +4.5% |
| Stocks and contracts in progress | 3 | €14,176 | €12,328 | -€1,848 | -13.0% |
| Stocks | 30/36 | €14,176 | €12,328 | -€1,848 | -13.0% |
| Amounts receivable within one year | 40/41 | €32,265 | €19,972 | -€12,293 | -38.1% |
| Trade receivables | 40 | €25,336 | €4,376 | -€20,960 | -82.7% |
| Other amounts receivable | 41 | €6,928 | €15,596 | +€8,668 | +125% |
| Cash at bank and in hand | 54/58 | €59,276 | €74,048 | +€14,772 | +24.9% |
| Deferred charges and accrued income | 490/1 | €0 | €4,117 | +€4,117 | |
| Total equity and liabilities | 10/49 | €201,535 | €173,349 | -€28,186 | -14.0% |
| Equity | 10/15 | €60,456 | €49,827 | -€10,629 | -17.6% |
| Contributions | 10/11 | €1,100 | €1,100 | = | 0.0% |
| Reserves | 13 | €59,356 | €59,356 | = | 0.0% |
| Distributable reserves | 133 | €59,356 | €59,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€10,629 | -€10,629 | |
| Provisions and deferred taxes | 16 | €0 | €26,523 | +€26,523 | |
| Provisions for liabilities and charges | 160/5 | €0 | €26,523 | +€26,523 | |
| Environmental obligations | 163 | - | €26,523 | +€26,523 | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €141,079 | €96,999 | -€44,080 | -31.2% |
| Amounts payable after more than one year | 17 | €36,847 | €23,855 | -€12,992 | -35.3% |
| Financial debts | 170/4 | €36,847 | €23,855 | -€12,992 | -35.3% |
| Amounts payable within one year | 42/48 | €98,949 | €61,971 | -€36,978 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €12,437 | €12,992 | +€554 | +4.5% |
| Trade debts | 44 | €8,211 | €26,388 | +€18,178 | +221% |
| Suppliers | 440/4 | €8,211 | €26,388 | +€18,178 | +221% |
| Taxes, remuneration and social security | 45 | €1,575 | €3,661 | +€2,086 | +132% |
| Taxes | 450/3 | €1,575 | €3,661 | +€2,086 | +132% |
| Other amounts payable | 47/48 | €76,726 | €18,930 | -€57,796 | -75.3% |
| Accrued charges and deferred income | 492/3 | €5,284 | €11,173 | +€5,889 | +111% |
| Non-recurring operating income | 76A | - | €22,077 | +€22,077 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,050 | €22,617 | -€6,432 | -22.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€28,252 | €26,523 | +€54,775 | |
| Other operating charges | 640/8 | €1,731 | €1,604 | -€127 | -7.3% |
| Non-recurring operating charges | 66A | €126 | €314 | +€187 | +149% |
| Gross operating margin | 9900 | €69,948 | €48,064 | -€21,883 | -31.3% |
| Operating profit (loss) | 9901 | €67,293 | -€2,993 | -€70,286 | |
| Financial income | 75/76B | €35 | €19 | -€15 | -44.1% |
| Recurring financial income | 75 | €35 | €19 | -€15 | -44.1% |
| Financial charges | 65/66B | €25,539 | €5,672 | -€19,867 | -77.8% |
| Recurring financial charges | 65 | €25,539 | €5,672 | -€19,867 | -77.8% |
| Profit (loss) for the period before taxes | 9903 | €41,789 | -€8,646 | -€50,435 | |
| Income taxes | 67/77 | €1,757 | €1,983 | +€226 | +12.8% |
| Profit (loss) for the period | 9904 | €40,032 | -€10,629 | -€50,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,032 | -€10,629 | -€50,660 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.