HOVERTRANS: 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.
HOVERTRANS
Largest movements
- Tangible fixed assets +€137,489
up €137,489 (+535%), from €25,699 to €163,188
of which Furniture and vehicles: +€136,343
- Receivables within one year -€40,892
down €40,892 (-45.5%), from €89,833 to €48,941
- Cash +€34,891
up €34,891 (+11.2%), from €311,000 to €345,891
mainly Other debts (+€395,532) and Net result for the year (+€251,659)
- Other debts +€395,532
up €395,532 (+24,817%), from €1,594 to €397,126
- Reserves -€237,074
down €237,074 (-66.5%), from €356,432 to €119,358
- Tax, wage and social debts -€28,019
down €28,019 (-42.8%), from €65,506 to €37,488
of which Taxes: -€25,683
- Gross operating margin +€169,782
up €169,782 (+88.6%), from €191,585 to €361,367
- Taxes +€35,253
up €35,253 (+71.2%), from €49,493 to €84,746
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 | €426,532 | €558,020 | +€131,488 | +30.8% |
| Fixed assets | 21/28 | €25,699 | €163,188 | +€137,489 | +535% |
| Tangible fixed assets | 22/27 | €25,699 | €163,188 | +€137,489 | +535% |
| Plant, machinery and equipment | 23 | - | €1,146 | +€1,146 | |
| Furniture and vehicles | 24 | €25,699 | €162,042 | +€136,343 | +531% |
| Current assets | 29/58 | €400,833 | €394,832 | -€6,001 | -1.5% |
| Amounts receivable within one year | 40/41 | €89,833 | €48,941 | -€40,892 | -45.5% |
| Trade receivables | 40 | €89,833 | €48,941 | -€40,892 | -45.5% |
| Cash at bank and in hand | 54/58 | €311,000 | €345,891 | +€34,891 | +11.2% |
| Total equity and liabilities | 10/49 | €426,532 | €558,020 | +€131,488 | +30.8% |
| Equity | 10/15 | €359,432 | €122,358 | -€237,074 | -66.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €356,432 | €119,358 | -€237,074 | -66.5% |
| Distributable reserves | 133 | €356,432 | €119,358 | -€237,074 | -66.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,100 | €435,662 | +€368,562 | +549% |
| Amounts payable within one year | 42/48 | €67,100 | €435,568 | +€368,468 | +549% |
| Trade debts | 44 | €0 | €955 | +€955 | |
| Suppliers | 440/4 | €0 | €955 | +€955 | |
| Taxes, remuneration and social security | 45 | €65,506 | €37,488 | -€28,019 | -42.8% |
| Taxes | 450/3 | €63,171 | €37,488 | -€25,683 | -40.7% |
| Remuneration and social security | 454/9 | €2,335 | €0 | -€2,335 | -100% |
| Other amounts payable | 47/48 | €1,594 | €397,126 | +€395,532 | +24,817% |
| Accrued charges and deferred income | 492/3 | - | €94 | +€94 | |
| Non-recurring operating income | 76A | €0 | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,189 | €22,511 | +€2,322 | +11.5% |
| Other operating charges | 640/8 | €571 | €570 | -€1 | -0.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €191,585 | €361,367 | +€169,782 | +88.6% |
| Operating profit (loss) | 9901 | €170,824 | €338,285 | +€167,460 | +98.0% |
| Financial charges | 65/66B | €1,973 | €1,880 | -€94 | -4.8% |
| Recurring financial charges | 65 | €1,973 | €1,880 | -€94 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €168,851 | €336,405 | +€167,554 | +99.2% |
| Income taxes | 67/77 | €49,493 | €84,746 | +€35,253 | +71.2% |
| Profit (loss) for the period | 9904 | €119,358 | €251,659 | +€132,301 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €119,358 | €251,659 | +€132,301 | +111% |
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 15 October 2026 via checked.be.