HOVAERE: what changed
Two fiscal 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.
HOVAERE
Largest movements
- Tangible fixed assets -€6,974
down €6,974 (-12.6%), from €55,293 to €48,319
- Profit (loss) carried forward -€4,321
down €4,321 (-10.5%), from €41,043 to €36,723
- Gross operating margin +€2,534
up €2,534, from -€122 to €2,413
- Depreciation +€568
up €568 (+8.9%), from €6,406 to €6,974
- Financial income +€403
up €403 (+67.5%), from €597 to €1,001
- Other operating charges -€115
down €115 (-16.6%), from €692 to €577
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,063 | €218,067 | -€5,996 | -2.7% |
| Fixed assets | 21/28 | €55,293 | €48,319 | -€6,974 | -12.6% |
| Tangible fixed assets | 22/27 | €55,293 | €48,319 | -€6,974 | -12.6% |
| Land and buildings | 22 | €55,293 | €48,319 | -€6,974 | -12.6% |
| Current assets | 29/58 | €168,770 | €169,748 | +€978 | +0.6% |
| Amounts receivable within one year | 40/41 | €179 | €300 | +€121 | +67.5% |
| Other amounts receivable | 41 | €179 | €300 | +€121 | +67.5% |
| Cash at bank and in hand | 54/58 | €167,695 | €168,546 | +€852 | +0.5% |
| Deferred charges and accrued income | 490/1 | €896 | €901 | +€5 | +0.5% |
| Total equity and liabilities | 10/49 | €224,063 | €218,067 | -€5,996 | -2.7% |
| Equity | 10/15 | €146,043 | €141,723 | -€4,321 | -3.0% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,043 | €36,723 | -€4,321 | -10.5% |
| Amounts payable | 17/49 | €78,019 | €76,344 | -€1,676 | -2.1% |
| Amounts payable within one year | 42/48 | €78,019 | €76,344 | -€1,676 | -2.1% |
| Financial debts | 43 | €324 | €0 | -€324 | -100.0% |
| Credit institutions | 430/8 | €324 | €0 | -€324 | -100.0% |
| Other amounts payable | 47/48 | €77,696 | €76,344 | -€1,352 | -1.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,406 | €6,974 | +€568 | +8.9% |
| Other operating charges | 640/8 | €692 | €577 | -€115 | -16.6% |
| Gross operating margin | 9900 | -€122 | €2,413 | +€2,534 | |
| Operating profit (loss) | 9901 | -€7,220 | -€5,138 | +€2,081 | +28.8% |
| Financial income | 75/76B | €597 | €1,001 | +€403 | +67.5% |
| Recurring financial income | 75 | €597 | €1,001 | +€403 | +67.5% |
| Financial charges | 65/66B | €192 | €183 | -€9 | -4.7% |
| Recurring financial charges | 65 | €192 | €183 | -€9 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,814 | -€4,321 | +€2,494 | +36.6% |
| Profit (loss) for the period | 9904 | -€6,814 | -€4,321 | +€2,494 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,814 | -€4,321 | +€2,494 | +36.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.