HOVE MADE: 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 MADE
Largest movements
- Tangible fixed assets -€27,377
down €27,377 (-6.6%), from €413,546 to €386,168
of which Land and buildings: -€22,705
- Debts after one year -€35,067
down €35,067 (-12.1%), from €290,267 to €255,200
- Reserves +€11,296
up €11,296 (+7.6%), from €147,801 to €159,097
of which Distributable reserves: +€11,296
- Other operating charges +€1,373
up €1,373 (+40.8%), from €3,368 to €4,741
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 | €485,664 | €459,638 | -€26,026 | -5.4% |
| Fixed assets | 21/28 | €413,546 | €386,168 | -€27,377 | -6.6% |
| Tangible fixed assets | 22/27 | €413,546 | €386,168 | -€27,377 | -6.6% |
| Land and buildings | 22 | €367,057 | €344,352 | -€22,705 | -6.2% |
| Plant, machinery and equipment | 23 | €18,691 | €16,881 | -€1,810 | -9.7% |
| Furniture and vehicles | 24 | €27,798 | €24,936 | -€2,863 | -10.3% |
| Current assets | 29/58 | €72,119 | €73,470 | +€1,351 | +1.9% |
| Amounts receivable within one year | 40/41 | €279 | €644 | +€364 | +130% |
| Other amounts receivable | 41 | €279 | €644 | +€364 | +130% |
| Cash at bank and in hand | 54/58 | €71,839 | €72,826 | +€987 | +1.4% |
| Total equity and liabilities | 10/49 | €485,664 | €459,638 | -€26,026 | -5.4% |
| Equity | 10/15 | €157,801 | €169,097 | +€11,296 | +7.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €147,801 | €159,097 | +€11,296 | +7.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €145,941 | €157,237 | +€11,296 | +7.7% |
| Amounts payable | 17/49 | €327,864 | €290,542 | -€37,322 | -11.4% |
| Amounts payable after more than one year | 17 | €290,267 | €255,200 | -€35,067 | -12.1% |
| Financial debts | 170/4 | €290,267 | €255,200 | -€35,067 | -12.1% |
| Amounts payable within one year | 42/48 | €37,596 | €35,341 | -€2,255 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €33,935 | €35,067 | +€1,132 | +3.3% |
| Trade debts | 44 | €216 | €216 | = | 0.0% |
| Suppliers | 440/4 | €216 | €216 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,387 | - | -€3,387 | |
| Taxes | 450/3 | €3,387 | - | -€3,387 | |
| Other amounts payable | 47/48 | €58 | €58 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,377 | €27,377 | = | 0.0% |
| Other operating charges | 640/8 | €3,368 | €4,741 | +€1,373 | +40.8% |
| Gross operating margin | 9900 | €83,415 | €82,615 | -€800 | -1.0% |
| Operating profit (loss) | 9901 | €52,670 | €50,497 | -€2,173 | -4.1% |
| Financial charges | 65/66B | €10,595 | €10,463 | -€132 | -1.3% |
| Recurring financial charges | 65 | €10,595 | €10,463 | -€132 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €42,074 | €40,034 | -€2,041 | -4.8% |
| Income taxes | 67/77 | €13,387 | €12,738 | -€649 | -4.8% |
| Profit (loss) for the period | 9904 | €28,687 | €27,296 | -€1,391 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,687 | €27,296 | -€1,391 | -4.8% |
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 27 October 2026 via checked.be.