Hovenco: 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.
Hovenco
Largest movements
- Receivables within one year -€29,842
down €29,842 (-98.6%), from €30,252 to €410
of which Trade receivables: -€26,370
- Tangible fixed assets -€12,394
down €12,394 (-47.1%), from €26,303 to €13,910
of which Furniture and vehicles: -€11,735
- Cash -€11,761
down €11,761 (-18.2%), from €64,700 to €52,939
mainly Net result for the year (-€24,349) and Contributions, distributions and other (-€23,600)
- Reserves -€47,949
down €47,949 (-53.4%), from €89,799 to €41,850
of which Distributable reserves: -€47,949
- Debts after one year -€4,659
down €4,659 (-51.4%), from €9,068 to €4,409
- Gross operating margin -€62,389
down €62,389, from €51,581 to -€10,808
- Taxes -€8,362
no longer reported in 2025 (was €8,362)
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 | €130,749 | €76,789 | -€53,960 | -41.3% |
| Fixed assets | 21/28 | €26,303 | €13,910 | -€12,394 | -47.1% |
| Tangible fixed assets | 22/27 | €26,303 | €13,910 | -€12,394 | -47.1% |
| Plant, machinery and equipment | 23 | €1,422 | €764 | -€658 | -46.3% |
| Furniture and vehicles | 24 | €24,881 | €13,146 | -€11,735 | -47.2% |
| Current assets | 29/58 | €104,446 | €62,880 | -€41,566 | -39.8% |
| Amounts receivable within one year | 40/41 | €30,252 | €410 | -€29,842 | -98.6% |
| Trade receivables | 40 | €26,370 | - | -€26,370 | |
| Other amounts receivable | 41 | €3,883 | €410 | -€3,473 | -89.4% |
| Current investments | 50/53 | €8,000 | €8,010 | +€10 | +0.1% |
| Cash at bank and in hand | 54/58 | €64,700 | €52,939 | -€11,761 | -18.2% |
| Deferred charges and accrued income | 490/1 | €1,493 | €1,521 | +€27 | +1.8% |
| Total equity and liabilities | 10/49 | €130,749 | €76,789 | -€53,960 | -41.3% |
| Equity | 10/15 | €108,399 | €60,450 | -€47,949 | -44.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,799 | €41,850 | -€47,949 | -53.4% |
| Non-distributable reserves | 130/1 | €184 | €184 | = | 0.0% |
| Reserves not available under the articles | 1311 | €184 | €184 | = | 0.0% |
| Distributable reserves | 133 | €89,614 | €41,666 | -€47,949 | -53.5% |
| Amounts payable | 17/49 | €22,350 | €16,339 | -€6,011 | -26.9% |
| Amounts payable after more than one year | 17 | €9,068 | €4,409 | -€4,659 | -51.4% |
| Financial debts | 170/4 | €9,068 | €4,409 | -€4,659 | -51.4% |
| Amounts payable within one year | 42/48 | €12,733 | €11,931 | -€802 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €4,507 | €4,659 | +€152 | +3.4% |
| Trade debts | 44 | €1,250 | €1,460 | +€211 | +16.9% |
| Suppliers | 440/4 | €1,250 | €1,460 | +€211 | +16.9% |
| Taxes, remuneration and social security | 45 | €3,362 | €3,362 | = | 0.0% |
| Taxes | 450/3 | €3,362 | €3,362 | = | 0.0% |
| Other amounts payable | 47/48 | €3,614 | €2,450 | -€1,164 | -32.2% |
| Accrued charges and deferred income | 492/3 | €550 | - | -€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,579 | €12,394 | -€186 | -1.5% |
| Other operating charges | 640/8 | €637 | €652 | +€14 | +2.3% |
| Gross operating margin | 9900 | €51,581 | -€10,808 | -€62,389 | |
| Operating profit (loss) | 9901 | €38,364 | -€23,854 | -€62,218 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €596 | €496 | -€100 | -16.8% |
| Recurring financial charges | 65 | €596 | €496 | -€100 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €37,768 | -€24,349 | -€62,117 | |
| Income taxes | 67/77 | €8,362 | - | -€8,362 | |
| Profit (loss) for the period | 9904 | €29,406 | -€24,349 | -€53,755 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,406 | -€24,349 | -€53,755 |
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 11 October 2026 via checked.be.