Hovalice: 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.
Hovalice
Largest movements
- Cash +€80,640
up €80,640 (+756.3%), from €10,662 to €91,302
mainly Net result for the year (+€71,366) and Tax, wage and social debts (+€24,645)
- Receivables within one year +€8,466
new in 2025: €8,466
- Deferred charges and accrued income +€5,669
up €5,669 (+39.7%), from €14,285 to €19,954
- Tangible fixed assets +€2,786
new in 2025: €2,786
- Profit (loss) carried forward +€69,700
new in 2025: €69,700
- Tax, wage and social debts +€24,645
up €24,645 (+580.8%), from €4,243 to €28,888
of which Taxes: +€24,673
- Other debts +€3,198
up €3,198 (+52.6%), from €6,075 to €9,274
- Gross operating margin +€80,270
up €80,270 (+673.6%), from €11,917 to €92,187
- Taxes +€17,707
up €17,707 (+730.8%), from €2,423 to €20,130
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.
Cash bridge derived
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 | €24,947 | €122,509 | +€97,561 | +391.1% |
| Fixed assets | 21/28 | - | €2,786 | +€2,786 | |
| Tangible fixed assets | 22/27 | - | €2,786 | +€2,786 | |
| Furniture and vehicles | 24 | - | €2,786 | +€2,786 | |
| Current assets | 29/58 | €24,947 | €119,723 | +€94,775 | +379.9% |
| Amounts receivable within one year | 40/41 | - | €8,466 | +€8,466 | |
| Other amounts receivable | 41 | - | €8,466 | +€8,466 | |
| Cash at bank and in hand | 54/58 | €10,662 | €91,302 | +€80,640 | +756.3% |
| Deferred charges and accrued income | 490/1 | €14,285 | €19,954 | +€5,669 | +39.7% |
| Total equity and liabilities | 10/49 | €24,947 | €122,509 | +€97,561 | +391.1% |
| Equity | 10/15 | €11,144 | €80,844 | +€69,700 | +625.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,144 | €8,144 | = | 0.0% |
| Distributable reserves | 133 | €8,144 | €8,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €69,700 | +€69,700 | |
| Amounts payable | 17/49 | €13,804 | €41,664 | +€27,861 | +201.8% |
| Amounts payable within one year | 42/48 | €13,590 | €41,096 | +€27,507 | +202.4% |
| Trade debts | 44 | €3,271 | €2,935 | -€336 | -10.3% |
| Suppliers | 440/4 | €3,271 | €2,935 | -€336 | -10.3% |
| Taxes, remuneration and social security | 45 | €4,243 | €28,888 | +€24,645 | +580.8% |
| Taxes | 450/3 | €3,923 | €28,596 | +€24,673 | +628.9% |
| Remuneration and social security | 454/9 | €320 | €291 | -€29 | -8.9% |
| Other amounts payable | 47/48 | €6,075 | €9,274 | +€3,198 | +52.6% |
| Accrued charges and deferred income | 492/3 | €214 | €568 | +€354 | +165.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €650 | +€650 | |
| Other operating charges | 640/8 | €427 | €0 | -€427 | -100.0% |
| Gross operating margin | 9900 | €11,917 | €92,187 | +€80,270 | +673.6% |
| Operating profit (loss) | 9901 | €11,489 | €91,536 | +€80,047 | +696.7% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €89 | €45 | -€44 | -49.7% |
| Recurring financial charges | 65 | €89 | €45 | -€44 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | €11,400 | €91,496 | +€80,097 | +702.6% |
| Income taxes | 67/77 | €2,423 | €20,130 | +€17,707 | +730.8% |
| Profit (loss) for the period | 9904 | €8,977 | €71,366 | +€62,390 | +695.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,977 | €71,366 | +€62,390 | +695.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.