HOVELINCK: 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.
HOVELINCK
Largest movements
- Cash -€747
down €747 (-65.2%), from €1,145 to €399
mainly Net result for the year (-€7,753) and Receivables within one year (-€471)
- Receivables within one year +€471
up €471 (+133%), from €355 to €826
- Profit (loss) carried forward -€7,753
down €7,753 (-18.3%), from -€42,398 to -€50,151
- Other debts +€7,748
up €7,748 (+31.6%), from €24,544 to €32,291
- Trade debts -€270
down €270 (-35.8%), from €754 to €484
- Other operating charges -€384
no longer reported in 2024 (was €384)
- Gross operating margin +€211
up €211 (+2.7%), from -€7,852 to -€7,641
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.
Derived cash bridge
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 | €1,500 | €1,225 | -€275 | -18.4% |
| Current assets | 29/58 | €1,500 | €1,225 | -€275 | -18.4% |
| Amounts receivable within one year | 40/41 | €355 | €826 | +€471 | +133% |
| Other amounts receivable | 41 | €355 | €826 | +€471 | +133% |
| Cash at bank and in hand | 54/58 | €1,145 | €399 | -€747 | -65.2% |
| Total equity and liabilities | 10/49 | €1,500 | €1,225 | -€275 | -18.4% |
| Equity | 10/15 | -€23,798 | -€31,551 | -€7,753 | -32.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€42,398 | -€50,151 | -€7,753 | -18.3% |
| Amounts payable | 17/49 | €25,298 | €32,775 | +€7,478 | +29.6% |
| Amounts payable within one year | 42/48 | €25,298 | €32,775 | +€7,478 | +29.6% |
| Trade debts | 44 | €754 | €484 | -€270 | -35.8% |
| Suppliers | 440/4 | €754 | €484 | -€270 | -35.8% |
| Other amounts payable | 47/48 | €24,544 | €32,291 | +€7,748 | +31.6% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | -€7,852 | -€7,641 | +€211 | +2.7% |
| Operating profit (loss) | 9901 | -€8,237 | -€7,641 | +€596 | +7.2% |
| Financial charges | 65/66B | €113 | €112 | -€1 | -0.6% |
| Recurring financial charges | 65 | €113 | €112 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,349 | -€7,753 | +€596 | +7.1% |
| Profit (loss) for the period | 9904 | -€8,349 | -€7,753 | +€596 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,349 | -€7,753 | +€596 | +7.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.