Hoviplast: 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.
What changed
Hoviplast
NACE 43.230, Insulation installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€557,583
2024 · €448,717+€108,866
Equity
€18.5m
2024 · €17.9m+€557,583
Cash
€849,308
2024 · €1.3m-€491,429
Balance sheet total
€18.7m
2024 · €18.1m+€522,391
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+53.5%), from €2.2m to €3.4m
of which Land and buildings: +€1.3m
- Cash -€491,429
down €491,429 (-36.7%), from €1.3m to €849,308
mainly Investment in fixed assets (net) (-€1.5m) and Receivables within one year (-€77,018)
- Current investments -€250,000
down €250,000 (-3.0%), from €8.4m to €8.2m
Equity and liabilities
- Profit (loss) carried forward +€557,583
up €557,583 (+3.2%), from €17.6m to €18.2m
Income statement
- Turnover +€532,895
up €532,895 (+39.1%), from €1.4m to €1.9m
- Goods and materials +€156,789
up €156,789 (+30.4%), from €514,925 to €671,714
of which Purchases: +€196,017
- Financial income -€137,304
down €137,304 (-41.4%), from €331,458 to €194,154
- Depreciation +€58,801
up €58,801 (+26.4%), from €222,447 to €281,248
- Taxes +€36,234
up €36,234 (+23.7%), from €152,618 to €188,852
of which Taxes: +€36,200
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.
Result 2024
€448,717
Turnover
+€532,895
Other operating income
-€2,486
Goods and materials
-€156,789
Services and other goods
-€16,206
Staff costs
-€13,670
Depreciation
-€58,801
Other operating charges
-€2,719
Financial income
-€137,304
Financial charges
+€181
Taxes
-€36,234
Result 2025
€557,583
raises the resultlowers the result
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.
From operations
+€727,593
Investment
-€1.2m
Financing
€0
Cash 2024
€1.3m
From operations (derived)
+€727,593
Net result for the year
+€557,583
Depreciation
+€281,248
Stocks and contracts
+€5,136
Receivables within one year
-€77,018
Deferred charges and accrued income
-€4,163
Trade debts
-€60,996
Tax, wage and social debts
+€25,804
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.5m
Current investments
+€250,000
Cash 2025
€849,308
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,143,367 | €18,665,758 | +€522,391 | +2.9% |
| Fixed assets | 21/28 | €7,989,421 | €9,177,195 | +€1.2m | +14.9% |
| Tangible fixed assets | 22/27 | €2,221,664 | €3,409,438 | +€1.2m | +53.5% |
| Land and buildings | 22 | €2,080,675 | €3,344,927 | +€1.3m | +60.8% |
| Plant, machinery and equipment | 23 | €140,990 | €64,511 | -€76,479 | -54.2% |
| Financial fixed assets | 28 | €5,767,757 | €5,767,757 | = | 0.0% |
| Affiliated companies | 280/1 | €5,767,397 | €5,767,397 | = | 0.0% |
| Participating interests | 280 | €5,767,397 | €5,767,397 | = | 0.0% |
| Other financial fixed assets | 284/8 | €360 | €360 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €10,153,946 | €9,488,563 | -€665,383 | -6.6% |
| Stocks and contracts in progress | 3 | €242,066 | €236,930 | -€5,136 | -2.1% |
| Stocks | 30/36 | €242,066 | €236,930 | -€5,136 | -2.1% |
| Goods purchased for resale | 34 | €242,066 | €236,930 | -€5,136 | -2.1% |
| Amounts receivable within one year | 40/41 | €129,253 | €206,271 | +€77,018 | +59.6% |
| Trade receivables | 40 | €115,875 | €186,946 | +€71,071 | +61.3% |
| Other amounts receivable | 41 | €13,378 | €19,326 | +€5,948 | +44.5% |
| Current investments | 50/53 | €8,400,000 | €8,150,000 | -€250,000 | -3.0% |
| Other investments | 51/53 | €8,400,000 | €8,150,000 | -€250,000 | -3.0% |
| Cash at bank and in hand | 54/58 | €1,340,737 | €849,308 | -€491,429 | -36.7% |
| Deferred charges and accrued income | 490/1 | €41,890 | €46,053 | +€4,163 | +9.9% |
| Total equity and liabilities | 10/49 | €18,143,367 | €18,665,758 | +€522,391 | +2.9% |
| Equity | 10/15 | €17,916,956 | €18,474,539 | +€557,583 | +3.1% |
| Contributions | 10/11 | €278,880 | €278,880 | = | 0.0% |
| Capital | 10 | €278,880 | €278,880 | = | 0.0% |
| Issued capital | 100 | €278,880 | €278,880 | = | 0.0% |
| Reserves | 13 | €27,888 | €27,888 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,888 | €27,888 | = | 0.0% |
| Legal reserve | 130 | €27,888 | €27,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,610,188 | €18,167,771 | +€557,583 | +3.2% |
| Amounts payable | 17/49 | €226,411 | €191,219 | -€35,192 | -15.5% |
| Amounts payable within one year | 42/48 | €226,411 | €191,219 | -€35,192 | -15.5% |
| Trade debts | 44 | €178,160 | €117,164 | -€60,996 | -34.2% |
| Suppliers | 440/4 | €178,160 | €117,164 | -€60,996 | -34.2% |
| Taxes, remuneration and social security | 45 | €48,251 | €74,055 | +€25,804 | +53.5% |
| Taxes | 450/3 | €11,686 | €32,543 | +€20,857 | +178% |
| Remuneration and social security | 454/9 | €36,565 | €41,512 | +€4,947 | +13.5% |
| Operating income | 70/76A | €1,891,992 | €2,422,401 | +€530,409 | +28.0% |
| Turnover | 70 | €1,361,349 | €1,894,244 | +€532,895 | +39.1% |
| Other operating income | 74 | €530,643 | €528,156 | -€2,486 | -0.5% |
| Operating charges | 60/66A | €1,621,410 | €1,869,596 | +€248,186 | +15.3% |
| Goods for resale, raw materials and consumables | 60 | €514,925 | €671,714 | +€156,789 | +30.4% |
| Purchases | 600/8 | €470,562 | €666,578 | +€196,017 | +41.7% |
| Change in stocks: decrease (increase) | 609 | €44,363 | €5,136 | -€39,227 | -88.4% |
| Services and other goods | 61 | €372,865 | €389,072 | +€16,206 | +4.3% |
| Remuneration, social security and pensions | 62 | €435,937 | €449,607 | +€13,670 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222,447 | €281,248 | +€58,801 | +26.4% |
| Other operating charges | 640/8 | €75,236 | €77,955 | +€2,719 | +3.6% |
| Operating profit (loss) | 9901 | €270,582 | €552,805 | +€282,223 | +104% |
| Financial income | 75/76B | €331,458 | €194,154 | -€137,304 | -41.4% |
| Recurring financial income | 75 | €331,458 | €194,154 | -€137,304 | -41.4% |
| Income from current assets | 751 | €324,933 | €181,305 | -€143,628 | -44.2% |
| Other financial income | 752/9 | €6,525 | €12,849 | +€6,324 | +96.9% |
| Financial charges | 65/66B | €705 | €524 | -€181 | -25.7% |
| Recurring financial charges | 65 | €705 | €524 | -€181 | -25.7% |
| Other financial charges | 652/9 | €705 | €524 | -€181 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €601,335 | €746,435 | +€145,100 | +24.1% |
| Income taxes | 67/77 | €152,618 | €188,852 | +€36,234 | +23.7% |
| Taxes | 670/3 | €152,663 | €188,864 | +€36,200 | +23.7% |
| Tax adjustments and reversals of tax provisions | 77 | €46 | €11 | -€34 | -75.0% |
| Profit (loss) for the period | 9904 | €448,717 | €557,583 | +€108,866 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €448,717 | €557,583 | +€108,866 | +24.3% |
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 27 October 2026 via checked.be.