Hova: 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.
Hova
Largest movements
- Cash +€22,610
up €22,610 (+6.8%), from €333,921 to €356,531
mainly Net result for the year (+€23,864) and Tax, wage and social debts (+€1,232)
- Reserves +€23,864
up €23,864 (+4.9%), from €491,796 to €515,660
of which Distributable reserves: +€23,864
- Staff costs +€632
up €632 (+5.1%), from €12,298 to €12,930
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 | €594,862 | €619,179 | +€24,317 | +4.1% |
| Fixed assets | 21/28 | €56,737 | €56,737 | = | 0.0% |
| Tangible fixed assets | 22/27 | €56,154 | €56,154 | = | 0.0% |
| Land and buildings | 22 | €56,154 | €56,154 | = | 0.0% |
| Financial fixed assets | 28 | €583 | €583 | = | 0.0% |
| Current assets | 29/58 | €538,125 | €562,443 | +€24,317 | +4.5% |
| Amounts receivable within one year | 40/41 | €4,205 | €4,550 | +€345 | +8.2% |
| Other amounts receivable | 41 | €4,205 | €4,550 | +€345 | +8.2% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €333,921 | €356,531 | +€22,610 | +6.8% |
| Deferred charges and accrued income | 490/1 | - | €1,362 | +€1,362 | |
| Total equity and liabilities | 10/49 | €594,862 | €619,179 | +€24,317 | +4.1% |
| Equity | 10/15 | €591,796 | €615,660 | +€23,864 | +4.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €491,796 | €515,660 | +€23,864 | +4.9% |
| Non-distributable reserves | 130/1 | €73,213 | €73,213 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €63,213 | €63,213 | = | 0.0% |
| Distributable reserves | 133 | €418,583 | €442,447 | +€23,864 | +5.7% |
| Amounts payable | 17/49 | €3,066 | €3,519 | +€454 | +14.8% |
| Amounts payable within one year | 42/48 | €3,066 | €3,519 | +€454 | +14.8% |
| Trade debts | 44 | €394 | - | -€394 | |
| Suppliers | 440/4 | €394 | - | -€394 | |
| Taxes, remuneration and social security | 45 | €2,287 | €3,519 | +€1,232 | +53.9% |
| Taxes | 450/3 | €88 | €151 | +€63 | +71.0% |
| Remuneration and social security | 454/9 | €2,199 | €3,369 | +€1,170 | +53.2% |
| Other amounts payable | 47/48 | €384 | - | -€384 | |
| Remuneration, social security and pensions | 62 | €12,298 | €12,930 | +€632 | +5.1% |
| Other operating charges | 640/8 | €17,182 | €16,859 | -€323 | -1.9% |
| Gross operating margin | 9900 | €58,017 | €57,678 | -€339 | -0.6% |
| Operating profit (loss) | 9901 | €28,537 | €27,890 | -€648 | -2.3% |
| Financial income | 75/76B | €4,390 | €4,432 | +€41 | +0.9% |
| Recurring financial income | 75 | €4,196 | €3,860 | -€336 | -8.0% |
| Non-recurring financial income | 76B | €194 | €571 | +€377 | +194% |
| Financial charges | 65/66B | €557 | €503 | -€54 | -9.6% |
| Recurring financial charges | 65 | €557 | €503 | -€54 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €32,371 | €31,818 | -€553 | -1.7% |
| Income taxes | 67/77 | €8,093 | €7,955 | -€138 | -1.7% |
| Profit (loss) for the period | 9904 | €24,278 | €23,864 | -€414 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,278 | €23,864 | -€414 | -1.7% |
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 28 October 2026 via checked.be.