HOEVEN: what changed
What changed
HOEVEN
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€139,596
2024 · -€141,959+€2,363
Equity
€792,660
2024 · €932,256-€139,596
Cash
€5,592
2024 · €841+€4,750
Balance sheet total
€3.7m
2024 · €3.4m+€261,884
Largest movements
Assets
- Tangible fixed assets +€165,559
up €165,559 (+5.6%), from €3.0m to €3.1m
of which Land and buildings: +€2.0m
- Financial fixed assets +€75,000
up €75,000 (+171,821%), from €44 to €75,044
- Receivables within one year +€52,018
up €52,018 (+43.2%), from €120,388 to €172,406
of which Other amounts receivable: +€29,131
Equity and liabilities
- Other debts +€546,545
up €546,545 (+57.5%), from €950,911 to €1.5m
- Reserves -€139,596
down €139,596 (-15.1%), from €926,056 to €786,460
of which Distributable reserves: -€139,596
- Debts after one year -€89,804
down €89,804 (-6.8%), from €1.3m to €1.2m
- Trade debts -€60,506
down €60,506 (-63.4%), from €95,436 to €34,930
Income statement
- Gross operating margin +€71,231
up €71,231, from -€40,106 to €31,125
- Taxes +€24,080
up €24,080, from -€23,781 to €299
- Staff costs +€21,932
up €21,932 (+112%), from €19,497 to €41,430
- Depreciation -€15,266
down €15,266 (-14.4%), from €106,290 to €91,024
- Financial charges -€2,655
down €2,655 (-8.0%), from €33,302 to €30,646
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
-€141,959
Gross operating margin
+€71,231
Staff costs
-€21,932
Depreciation
+€15,266
Other operating charges
-€1,151
Other operating items
-€1,293
Financial income
-€1,750
Financial charges
+€2,655
Taxes
-€24,080
Deferred taxes and other
-€36,583
Result 2025
-€139,596
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
+€394,436
Investment
-€299,424
Financing
-€90,262
Cash 2024
€841
From operations (derived)
+€394,436
Net result for the year
-€139,596
Depreciation
+€91,024
Stocks and contracts
+€3,150
Receivables within one year
-€52,018
Smaller working-capital items
-€606
Trade debts
-€60,506
Advances received
+€6,444
Other debts
+€546,545
Investment (derived)
-€299,424
Investment in fixed assets (net)
-€299,424
Financing
-€90,262
Debts after one year
-€89,804
Current portion of long-term debt
-€458
Cash 2025
€5,592
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,393,294 | €3,655,178 | +€261,884 | +7.7% |
| Fixed assets | 21/28 | €3,095,734 | €3,304,134 | +€208,400 | +6.7% |
| Intangible fixed assets | 21 | €143,372 | €111,212 | -€32,159 | -22.4% |
| Tangible fixed assets | 22/27 | €2,952,318 | €3,117,877 | +€165,559 | +5.6% |
| Land and buildings | 22 | €1,077,594 | €3,055,666 | +€2.0m | +184% |
| Plant, machinery and equipment | 23 | €745 | €322 | -€424 | -56.9% |
| Furniture and vehicles | 24 | €41,116 | €52,077 | +€10,961 | +26.7% |
| Other tangible fixed assets | 26 | €13,999 | €9,813 | -€4,186 | -29.9% |
| Assets under construction and advance payments | 27 | €1,818,864 | - | -€1.8m | |
| Financial fixed assets | 28 | €44 | €75,044 | +€75,000 | +171,821% |
| Current assets | 29/58 | €297,560 | €351,045 | +€53,484 | +18.0% |
| Stocks and contracts in progress | 3 | €171,788 | €168,638 | -€3,150 | -1.8% |
| Stocks | 30/36 | €171,788 | €168,638 | -€3,150 | -1.8% |
| Amounts receivable within one year | 40/41 | €120,388 | €172,406 | +€52,018 | +43.2% |
| Trade receivables | 40 | €71,271 | €94,158 | +€22,887 | +32.1% |
| Other amounts receivable | 41 | €49,118 | €78,249 | +€29,131 | +59.3% |
| Cash at bank and in hand | 54/58 | €841 | €5,592 | +€4,750 | +564% |
| Deferred charges and accrued income | 490/1 | €4,542 | €4,408 | -€134 | -2.9% |
| Total equity and liabilities | 10/49 | €3,393,294 | €3,655,178 | +€261,884 | +7.7% |
| Equity | 10/15 | €932,256 | €792,660 | -€139,596 | -15.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €926,056 | €786,460 | -€139,596 | -15.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €905,446 | €765,850 | -€139,596 | -15.4% |
| Amounts payable | 17/49 | €2,461,037 | €2,862,518 | +€401,481 | +16.3% |
| Amounts payable after more than one year | 17 | €1,316,503 | €1,226,699 | -€89,804 | -6.8% |
| Financial debts | 170/4 | €1,316,503 | €1,226,699 | -€89,804 | -6.8% |
| Amounts payable within one year | 42/48 | €1,144,535 | €1,635,820 | +€491,285 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €95,170 | €94,712 | -€458 | -0.5% |
| Trade debts | 44 | €95,436 | €34,930 | -€60,506 | -63.4% |
| Suppliers | 440/4 | €95,436 | €34,930 | -€60,506 | -63.4% |
| Advances received on contracts in progress | 46 | - | €6,444 | +€6,444 | |
| Taxes, remuneration and social security | 45 | €3,018 | €2,278 | -€740 | -24.5% |
| Taxes | 450/3 | €394 | €1,036 | +€642 | +163% |
| Remuneration and social security | 454/9 | €2,624 | €1,242 | -€1,382 | -52.7% |
| Other amounts payable | 47/48 | €950,911 | €1,497,456 | +€546,545 | +57.5% |
| Remuneration, social security and pensions | 62 | €19,497 | €41,430 | +€21,932 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,290 | €91,024 | -€15,266 | -14.4% |
| Other operating charges | 640/8 | €4,945 | €6,096 | +€1,151 | +23.3% |
| Non-recurring operating charges | 66A | - | €1,293 | +€1,293 | |
| Gross operating margin | 9900 | -€40,106 | €31,125 | +€71,231 | |
| Operating profit (loss) | 9901 | -€170,838 | -€108,718 | +€62,120 | +36.4% |
| Financial income | 75/76B | €1,817 | €67 | -€1,750 | -96.3% |
| Recurring financial income | 75 | €1,817 | €67 | -€1,750 | -96.3% |
| Financial charges | 65/66B | €33,302 | €30,646 | -€2,655 | -8.0% |
| Recurring financial charges | 65 | €33,302 | €30,646 | -€2,655 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€202,323 | -€139,297 | +€63,026 | +31.2% |
| Transfer from deferred taxes | 780 | €36,583 | - | -€36,583 | |
| Income taxes | 67/77 | -€23,781 | €299 | +€24,080 | |
| Profit (loss) for the period | 9904 | -€141,959 | -€139,596 | +€2,363 | +1.7% |
| Transfer from tax-exempt reserves | 789 | €109,748 | - | -€109,748 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,211 | -€139,596 | -€107,385 | -333% |
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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 7 November 2026 via checked.be.