HOVE: 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.
HOVE
Largest movements
- Cash +€86,085
up €86,085 (+217%), from €39,717 to €125,802
mainly Current investments (+€85,000) and Net result for the year (+€2,222)
- Current investments -€85,000
down €85,000 (-100%), from €85,000 to €0
- Receivables within one year +€1,359
up €1,359 (+57.6%), from €2,360 to €3,719
- Reserves +€2,222
up €2,222 (+3.1%), from €70,551 to €72,773
of which Distributable reserves: +€2,222
- Gross operating margin +€2,737
up €2,737, from -€368 to €2,369
- Financial income +€1,748
up €1,748 (+143%), from €1,220 to €2,968
- Financial charges -€613
down €613 (-91.9%), from €667 to €54
- Taxes +€222
up €222, from €0 to €222
- Other operating charges +€165
up €165 (+6.2%), from €2,674 to €2,839
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 | €127,077 | €129,521 | +€2,444 | +1.9% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €127,077 | €129,521 | +€2,444 | +1.9% |
| Amounts receivable within one year | 40/41 | €2,360 | €3,719 | +€1,359 | +57.6% |
| Other amounts receivable | 41 | €2,360 | €3,719 | +€1,359 | +57.6% |
| Current investments | 50/53 | €85,000 | €0 | -€85,000 | -100% |
| Cash at bank and in hand | 54/58 | €39,717 | €125,802 | +€86,085 | +217% |
| Total equity and liabilities | 10/49 | €127,077 | €129,521 | +€2,444 | +1.9% |
| Equity | 10/15 | €127,077 | €129,299 | +€2,222 | +1.7% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €70,551 | €72,773 | +€2,222 | +3.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €70,551 | €72,773 | +€2,222 | +3.1% |
| Profit (loss) carried forward | 14 | €36,694 | €36,694 | = | 0.0% |
| Amounts payable | 17/49 | €0 | €222 | +€222 | |
| Amounts payable within one year | 42/48 | €0 | €222 | +€222 | |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €0 | €222 | +€222 | |
| Taxes | 450/3 | €0 | €222 | +€222 | |
| Other operating charges | 640/8 | €2,674 | €2,839 | +€165 | +6.2% |
| Gross operating margin | 9900 | -€368 | €2,369 | +€2,737 | |
| Operating profit (loss) | 9901 | -€3,041 | -€470 | +€2,571 | +84.6% |
| Financial income | 75/76B | €1,220 | €2,968 | +€1,748 | +143% |
| Recurring financial income | 75 | €1,220 | €2,968 | +€1,748 | +143% |
| Financial charges | 65/66B | €667 | €54 | -€613 | -91.9% |
| Recurring financial charges | 65 | €667 | €54 | -€613 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,488 | €2,444 | +€4,932 | |
| Income taxes | 67/77 | €0 | €222 | +€222 | |
| Profit (loss) for the period | 9904 | -€2,488 | €2,222 | +€4,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,488 | €2,222 | +€4,710 |
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 16 October 2026 via checked.be.