HOJVELEC: 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.
HOJVELEC
Largest movements
- Receivables within one year -€1,244
down €1,244 (-14.4%), from €8,664 to €7,420
of which Other amounts receivable: -€1,244
- Trade debts -€1,569
no longer reported in 2025 (was €1,569)
- Other debts +€1,133
up €1,133 (+4.8%), from €23,760 to €24,893
- Profit (loss) carried forward -€493
down €493 (-1.0%), from -€47,235 to -€47,728
- Tax, wage and social debts -€330
no longer reported in 2025 (was €330)
- Gross operating margin -€365
down €365 (-572%), from -€64 to -€429
- Purchases and services +€365
up €365 (+572%), from €64 to €429
- Financial charges -€99
down €99 (-60.6%), from €164 to €64
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,664 | €7,420 | -€1,244 | -14.4% |
| Current assets | 29/58 | €8,664 | €7,420 | -€1,244 | -14.4% |
| Amounts receivable within one year | 40/41 | €8,664 | €7,420 | -€1,244 | -14.4% |
| Trade receivables | 40 | €7,420 | €7,420 | = | 0.0% |
| Other amounts receivable | 41 | €1,244 | - | -€1,244 | |
| Total equity and liabilities | 10/49 | €8,664 | €7,420 | -€1,244 | -14.4% |
| Equity | 10/15 | -€17,016 | -€17,509 | -€493 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,619 | €11,619 | = | 0.0% |
| 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 | €9,759 | €9,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,235 | -€47,728 | -€493 | -1.0% |
| Amounts payable | 17/49 | €25,681 | €24,929 | -€751 | -2.9% |
| Amounts payable within one year | 42/48 | €25,681 | €24,929 | -€751 | -2.9% |
| Financial debts | 43 | €22 | €36 | +€14 | +66.5% |
| Credit institutions | 430/8 | €22 | €36 | +€14 | +66.5% |
| Trade debts | 44 | €1,569 | - | -€1,569 | |
| Suppliers | 440/4 | €1,569 | - | -€1,569 | |
| Taxes, remuneration and social security | 45 | €330 | - | -€330 | |
| Taxes | 450/3 | €330 | - | -€330 | |
| Other amounts payable | 47/48 | €23,760 | €24,893 | +€1,133 | +4.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €64 | €429 | +€365 | +572% |
| Gross operating margin | 9900 | -€64 | -€429 | -€365 | -572% |
| Operating profit (loss) | 9901 | -€64 | -€429 | -€365 | -572% |
| Financial charges | 65/66B | €164 | €64 | -€99 | -60.6% |
| Recurring financial charges | 65 | €164 | €64 | -€99 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | -€227 | -€493 | -€266 | -117% |
| Profit (loss) for the period | 9904 | -€227 | -€493 | -€266 | -117% |
| Profit (loss) for the period to be appropriated | 9905 | -€227 | -€493 | -€266 | -117% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.