HOVIMO: what changed
Two fiscal 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.
HOVIMO
Largest movements
- Tangible fixed assets +€213,807
up €213,807 (+57.2%), from €373,735 to €587,543
of which Land and buildings: +€220,578
- Cash +€8,561
up €8,561 (+1016.7%), from €842 to €9,403
mainly Debts after one year (+€205,869) and Depreciation (+€56,545)
- Debts after one year +€205,869
up €205,869 (+674.0%), from €30,544 to €236,413
of which Financial debts: +€204,549
- Other debts +€28,350
up €28,350 (+11.9%), from €237,451 to €265,801
- Profit (loss) carried forward -€24,327
down €24,327 (-26.1%), from -€93,181 to -€117,508
- Current portion of long-term debt +€12,122
up €12,122 (+90.9%), from €13,329 to €25,451
- Depreciation +€7,477
up €7,477 (+15.2%), from €49,069 to €56,545
- Gross operating margin -€3,834
down €3,834 (-7.4%), from €51,505 to €47,670
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 | €405,454 | €627,823 | +€222,369 | +54.8% |
| Fixed assets | 21/28 | €373,735 | €587,543 | +€213,807 | +57.2% |
| Tangible fixed assets | 22/27 | €373,735 | €587,543 | +€213,807 | +57.2% |
| Land and buildings | 22 | €344,162 | €564,741 | +€220,578 | +64.1% |
| Furniture and vehicles | 24 | €29,573 | €22,802 | -€6,771 | -22.9% |
| Current assets | 29/58 | €31,719 | €40,280 | +€8,561 | +27.0% |
| Amounts receivable within one year | 40/41 | €30,306 | €30,306 | = | 0.0% |
| Other amounts receivable | 41 | €30,306 | €30,306 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €842 | €9,403 | +€8,561 | +1016.7% |
| Deferred charges and accrued income | 490/1 | €571 | €571 | = | 0.0% |
| Total equity and liabilities | 10/49 | €405,454 | €627,823 | +€222,369 | +54.8% |
| Equity | 10/15 | €124,070 | €99,743 | -€24,327 | -19.6% |
| Contributions | 10/11 | €198,170 | €198,170 | = | 0.0% |
| Reserves | 13 | €19,081 | €19,081 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,806 | €11,806 | = | 0.0% |
| Distributable reserves | 133 | €7,276 | €7,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,181 | -€117,508 | -€24,327 | -26.1% |
| Amounts payable | 17/49 | €281,384 | €528,080 | +€246,696 | +87.7% |
| Amounts payable after more than one year | 17 | €30,544 | €236,413 | +€205,869 | +674.0% |
| Financial debts | 170/4 | €29,644 | €234,193 | +€204,549 | +690.0% |
| Other amounts payable | 178/9 | €900 | €2,220 | +€1,320 | +146.7% |
| Amounts payable within one year | 42/48 | €250,840 | €291,667 | +€40,827 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €13,329 | €25,451 | +€12,122 | +90.9% |
| Trade debts | 44 | €59 | €273 | +€214 | +362.5% |
| Suppliers | 440/4 | €59 | €273 | +€214 | +362.5% |
| Taxes, remuneration and social security | 45 | - | €141 | +€141 | |
| Taxes | 450/3 | - | €141 | +€141 | |
| Other amounts payable | 47/48 | €237,451 | €265,801 | +€28,350 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,069 | €56,545 | +€7,477 | +15.2% |
| Other operating charges | 640/8 | €11,216 | €11,241 | +€25 | +0.2% |
| Non-recurring operating charges | 66A | €50 | €0 | -€50 | -100.0% |
| Gross operating margin | 9900 | €51,505 | €47,670 | -€3,834 | -7.4% |
| Operating profit (loss) | 9901 | -€8,830 | -€20,116 | -€11,286 | -127.8% |
| Financial charges | 65/66B | €4,313 | €4,070 | -€242 | -5.6% |
| Recurring financial charges | 65 | €4,313 | €4,070 | -€242 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,143 | -€24,186 | -€11,044 | -84.0% |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | -€13,143 | -€24,327 | -€11,184 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,143 | -€24,327 | -€11,184 | -85.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.