HOVIK: 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.
HOVIK
Largest movements
- Cash -€9,369
down €9,369 (-45.0%), from €20,809 to €11,440
mainly Net result for the year (-€10,872) and Tax, wage and social debts (-€1,921)
- Receivables within one year -€4,125
down €4,125 (-14.6%), from €28,194 to €24,069
of which Trade receivables: -€3,524
- Tangible fixed assets -€949
down €949 (-33.2%), from €2,857 to €1,909
of which Plant, machinery and equipment: -€610
- Profit (loss) carried forward -€10,872
down €10,872 (-25.5%), from €42,697 to €31,825
- Tax, wage and social debts -€1,921
down €1,921 (-38.2%), from €5,028 to €3,106
of which Taxes: -€3,814
- Trade debts -€1,649
down €1,649 (-58.0%), from €2,842 to €1,193
- Gross operating margin -€18,723
down €18,723 (-51.4%), from €36,428 to €17,705
- Staff costs +€8,095
up €8,095 (+42.7%), from €18,977 to €27,072
- Taxes -€3,997
down €3,997, from €3,814 to -€183
- Financial charges -€379
down €379 (-68.7%), from €551 to €173
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 | €58,554 | €44,111 | -€14,442 | -24.7% |
| Fixed assets | 21/28 | €4,550 | €3,602 | -€949 | -20.8% |
| Tangible fixed assets | 22/27 | €2,857 | €1,909 | -€949 | -33.2% |
| Plant, machinery and equipment | 23 | €2,180 | €1,570 | -€610 | -28.0% |
| Furniture and vehicles | 24 | €677 | €339 | -€339 | -50.0% |
| Financial fixed assets | 28 | €1,693 | €1,693 | = | 0.0% |
| Current assets | 29/58 | €54,003 | €40,509 | -€13,494 | -25.0% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,194 | €24,069 | -€4,125 | -14.6% |
| Trade receivables | 40 | €26,451 | €22,927 | -€3,524 | -13.3% |
| Other amounts receivable | 41 | €1,743 | €1,142 | -€601 | -34.5% |
| Cash at bank and in hand | 54/58 | €20,809 | €11,440 | -€9,369 | -45.0% |
| Total equity and liabilities | 10/49 | €58,554 | €44,111 | -€14,442 | -24.7% |
| Equity | 10/15 | €50,683 | €39,812 | -€10,872 | -21.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,781 | €1,781 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,781 | €1,781 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,781 | €1,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,697 | €31,825 | -€10,872 | -25.5% |
| Amounts payable | 17/49 | €7,870 | €4,299 | -€3,571 | -45.4% |
| Amounts payable within one year | 42/48 | €7,870 | €4,299 | -€3,571 | -45.4% |
| Trade debts | 44 | €2,842 | €1,193 | -€1,649 | -58.0% |
| Suppliers | 440/4 | €2,842 | €1,193 | -€1,649 | -58.0% |
| Taxes, remuneration and social security | 45 | €5,028 | €3,106 | -€1,921 | -38.2% |
| Taxes | 450/3 | €3,814 | - | -€3,814 | |
| Remuneration and social security | 454/9 | €1,213 | €3,106 | +€1,893 | +156.0% |
| Remuneration, social security and pensions | 62 | €18,977 | €27,072 | +€8,095 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €949 | €949 | = | 0.0% |
| Other operating charges | 640/8 | €730 | €567 | -€164 | -22.4% |
| Gross operating margin | 9900 | €36,428 | €17,705 | -€18,723 | -51.4% |
| Operating profit (loss) | 9901 | €15,773 | -€10,882 | -€26,654 | |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €551 | €173 | -€379 | -68.7% |
| Recurring financial charges | 65 | €551 | €173 | -€379 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | €15,257 | -€11,054 | -€26,312 | |
| Income taxes | 67/77 | €3,814 | -€183 | -€3,997 | |
| Profit (loss) for the period | 9904 | €11,443 | -€10,872 | -€22,315 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,443 | -€10,872 | -€22,315 |
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 10 October 2026 via checked.be.