HOVITAX: 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.
HOVITAX
Largest movements
- Tangible fixed assets -€62,129
down €62,129 (-4.7%), from €1.3m to €1.2m
of which Land and buildings: -€61,677
- Cash +€14,332
up €14,332 (+609%), from €2,354 to €16,686
mainly Depreciation (+€62,129) and Net result for the year (+€62,065)
- Receivables within one year -€13,900
down €13,900 (-78.9%), from €17,625 to €3,725
of which Trade receivables: -€14,699
- Debts after one year -€109,854
down €109,854 (-12.1%), from €906,956 to €797,102
- Reserves +€62,065
up €62,065 (+35.4%), from €175,504 to €237,569
of which Distributable reserves: +€66,622
- Other debts -€15,432
down €15,432 (-28.4%), from €54,299 to €38,866
- Write-downs -€7,700
down €7,700, from €3,850 to -€3,850
- Other operating charges +€6,932
up €6,932 (+39.7%), from €17,448 to €24,380
- Financial charges -€3,799
down €3,799 (-12.6%), from €30,190 to €26,391
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 | €1,329,916 | €1,268,220 | -€61,696 | -4.6% |
| Fixed assets | 21/28 | €1,309,937 | €1,247,808 | -€62,129 | -4.7% |
| Tangible fixed assets | 22/27 | €1,309,937 | €1,247,808 | -€62,129 | -4.7% |
| Land and buildings | 22 | €1,306,109 | €1,244,431 | -€61,677 | -4.7% |
| Plant, machinery and equipment | 23 | €3,828 | €3,377 | -€452 | -11.8% |
| Current assets | 29/58 | €19,979 | €20,411 | +€433 | +2.2% |
| Amounts receivable within one year | 40/41 | €17,625 | €3,725 | -€13,900 | -78.9% |
| Trade receivables | 40 | €16,260 | €1,561 | -€14,699 | -90.4% |
| Other amounts receivable | 41 | €1,365 | €2,165 | +€799 | +58.6% |
| Cash at bank and in hand | 54/58 | €2,354 | €16,686 | +€14,332 | +609% |
| Total equity and liabilities | 10/49 | €1,329,916 | €1,268,220 | -€61,696 | -4.6% |
| Equity | 10/15 | €245,504 | €307,569 | +€62,065 | +25.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €175,504 | €237,569 | +€62,065 | +35.4% |
| Non-distributable reserves | 130/1 | €4,100 | €0 | -€4,100 | -100% |
| Reserves not available under the articles | 1311 | €4,100 | €0 | -€4,100 | -100% |
| Tax-exempt reserves | 132 | €5,931 | €5,475 | -€456 | -7.7% |
| Distributable reserves | 133 | €165,473 | €232,095 | +€66,622 | +40.3% |
| Provisions and deferred taxes | 16 | €3,054 | €2,819 | -€235 | -7.7% |
| Deferred taxes | 168 | €3,054 | €2,819 | -€235 | -7.7% |
| Amounts payable | 17/49 | €1,081,358 | €957,831 | -€123,527 | -11.4% |
| Amounts payable after more than one year | 17 | €906,956 | €797,102 | -€109,854 | -12.1% |
| Financial debts | 170/4 | €906,956 | €797,102 | -€109,854 | -12.1% |
| Amounts payable within one year | 42/48 | €171,156 | €158,722 | -€12,435 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €106,679 | €109,854 | +€3,175 | +3.0% |
| Trade debts | 44 | €1,675 | €1,636 | -€39 | -2.3% |
| Suppliers | 440/4 | €1,675 | €1,636 | -€39 | -2.3% |
| Taxes, remuneration and social security | 45 | €8,503 | €8,365 | -€138 | -1.6% |
| Taxes | 450/3 | €8,503 | €8,365 | -€138 | -1.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €54,299 | €38,866 | -€15,432 | -28.4% |
| Accrued charges and deferred income | 492/3 | €3,246 | €2,008 | -€1,238 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,404 | €62,129 | -€275 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,850 | -€3,850 | -€7,700 | |
| Other operating charges | 640/8 | €17,448 | €24,380 | +€6,932 | +39.7% |
| Gross operating margin | 9900 | €185,417 | €186,583 | +€1,166 | +0.6% |
| Operating profit (loss) | 9901 | €101,715 | €103,924 | +€2,209 | +2.2% |
| Financial charges | 65/66B | €30,190 | €26,391 | -€3,799 | -12.6% |
| Recurring financial charges | 65 | €30,190 | €26,391 | -€3,799 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €71,525 | €77,533 | +€6,008 | +8.4% |
| Transfer from deferred taxes | 780 | €235 | €235 | = | 0.0% |
| Income taxes | 67/77 | €14,443 | €15,703 | +€1,260 | +8.7% |
| Profit (loss) for the period | 9904 | €57,317 | €62,065 | +€4,748 | +8.3% |
| Transfer from tax-exempt reserves | 789 | €456 | €456 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,773 | €62,522 | +€4,748 | +8.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.