HTIVB: 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.
What changed
HTIVB
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€129.1m
2024 · €82.1m+€47.0m
Equity
€567.7m
2024 · €438.6m+€129.1m
Cash
€584,616
2024 · €4.5m-€3.9m
Balance sheet total
€581.3m
2024 · €447.5m+€133.8m
Largest movements
Assets
- Current investments +€83.7m
up €83.7m (+39.6%), from €211.3m to €295.0m
- Receivables after one year +€29.2m
up €29.2m (+142.5%), from €20.5m to €49.6m
- Financial fixed assets +€17.1m
up €17.1m (+10.8%), from €157.9m to €175.0m
- Stocks and contracts +€7.0m
up €7.0m (+14.0%), from €50.0m to €57.0m
Equity and liabilities
- Reserves +€129.1m
up €129.1m (+29.4%), from €438.4m to €567.5m
of which Distributable reserves: +€129.1m
Income statement
- Financial income +€48.7m
up €48.7m (+989.7%), from €4.9m to €53.7m
- Taxes +€5.2m
up €5.2m (+62.9%), from €8.2m to €13.4m
- Financial charges -€2.9m
down €2.9m (-78.7%), from €3.7m to €784,335
- Gross operating margin +€1.5m
up €1.5m (+1.6%), from €91.4m to €92.9m
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
€82.1m
Gross operating margin
+€1.5m
Staff costs
+€14,500
Depreciation
-€42,167
Write-downs
-€46,337
Other operating charges
-€42,581
Other operating items
-€904,544
Financial income
+€48.7m
Financial charges
+€2.9m
Taxes
-€5.2m
Result 2025
€129.1m
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.
From operations
+€97.2m
Investment
-€101.1m
Financing
-€46,749
Cash 2024
€4.5m
From operations (derived)
+€97.2m
Net result for the year
+€129.1m
Depreciation
+€303,524
Receivables after one year
-€29.2m
Stocks and contracts
-€7.0m
Smaller working-capital items
+€329,382
Deferred charges and accrued income
-€1.0m
Tax, wage and social debts
+€4.7m
Investment (derived)
-€101.1m
Investment in fixed assets (net)
-€17.4m
Current investments
-€83.7m
Financing
-€46,749
Debts after one year
-€64,185
Current portion of long-term debt
-€4,613
Short-term financial debts
+€22,049
Cash 2025
€584,616
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,525,842 | €581,276,047 | +€133.8m | +29.9% |
| Fixed assets | 21/28 | €159,984,671 | €177,047,016 | +€17.1m | +10.7% |
| Intangible fixed assets | 21 | €5,082 | €3,874 | -€1,208 | -23.8% |
| Tangible fixed assets | 22/27 | €2,052,178 | €2,037,646 | -€14,531 | -0.7% |
| Land and buildings | 22 | €1,330,328 | €1,270,586 | -€59,742 | -4.5% |
| Plant, machinery and equipment | 23 | €26,729 | €12,104 | -€14,625 | -54.7% |
| Furniture and vehicles | 24 | €649,353 | €746,856 | +€97,503 | +15.0% |
| Leasing and similar rights | 25 | €17,457 | €8,100 | -€9,356 | -53.6% |
| Assets under construction and advance payments | 27 | €28,311 | - | -€28,311 | |
| Financial fixed assets | 28 | €157,927,411 | €175,005,496 | +€17.1m | +10.8% |
| Current assets | 29/58 | €287,541,171 | €404,229,031 | +€116.7m | +40.6% |
| Amounts receivable after more than one year | 29 | €20,453,561 | €49,606,835 | +€29.2m | +142.5% |
| Other amounts receivable | 291 | €20,453,561 | €49,606,835 | +€29.2m | +142.5% |
| Stocks and contracts in progress | 3 | €50,013,705 | €57,033,895 | +€7.0m | +14.0% |
| Stocks | 30/36 | €50,013,705 | €57,033,895 | +€7.0m | +14.0% |
| Amounts receivable within one year | 40/41 | €1,048,131 | €726,645 | -€321,486 | -30.7% |
| Trade receivables | 40 | €241,715 | €333,065 | +€91,350 | +37.8% |
| Other amounts receivable | 41 | €806,416 | €393,580 | -€412,836 | -51.2% |
| Current investments | 50/53 | €211,287,984 | €295,018,264 | +€83.7m | +39.6% |
| Cash at bank and in hand | 54/58 | €4,489,043 | €584,616 | -€3.9m | -87.0% |
| Deferred charges and accrued income | 490/1 | €248,748 | €1,258,775 | +€1.0m | +406.0% |
| Total equity and liabilities | 10/49 | €447,525,842 | €581,276,047 | +€133.8m | +29.9% |
| Equity | 10/15 | €438,644,783 | €567,733,108 | +€129.1m | +29.4% |
| Contributions | 10/11 | €239,700 | €239,700 | = | 0.0% |
| Capital | 10 | €239,700 | €239,700 | = | 0.0% |
| Issued capital | 100 | €239,700 | €239,700 | = | 0.0% |
| Reserves | 13 | €438,405,083 | €567,493,408 | +€129.1m | +29.4% |
| Non-distributable reserves | 130/1 | €23,970 | €23,970 | = | 0.0% |
| Legal reserve | 130 | €23,970 | €23,970 | = | 0.0% |
| Distributable reserves | 133 | €438,381,113 | €567,469,438 | +€129.1m | +29.4% |
| Amounts payable | 17/49 | €8,881,060 | €13,542,939 | +€4.7m | +52.5% |
| Amounts payable after more than one year | 17 | €437,064 | €372,879 | -€64,185 | -14.7% |
| Financial debts | 170/4 | €437,064 | €372,879 | -€64,185 | -14.7% |
| Amounts payable within one year | 42/48 | €8,441,166 | €13,170,060 | +€4.7m | +56.0% |
| Current portion of amounts payable after more than one year | 42 | €68,798 | €64,185 | -€4,613 | -6.7% |
| Financial debts | 43 | - | €22,049 | +€22,049 | |
| Credit institutions | 430/8 | - | €22,049 | +€22,049 | |
| Trade debts | 44 | €139,206 | €147,915 | +€8,710 | +6.3% |
| Suppliers | 440/4 | €139,206 | €147,915 | +€8,710 | +6.3% |
| Taxes, remuneration and social security | 45 | €8,230,334 | €12,931,066 | +€4.7m | +57.1% |
| Taxes | 450/3 | €8,218,349 | €12,921,967 | +€4.7m | +57.2% |
| Remuneration and social security | 454/9 | €11,985 | €9,099 | -€2,886 | -24.1% |
| Other amounts payable | 47/48 | €2,828 | €4,844 | +€2,016 | +71.3% |
| Accrued charges and deferred income | 492/3 | €2,829 | - | -€2,829 | |
| Non-recurring operating income | 76A | €95,003,691 | €95,637,209 | +€633,518 | +0.7% |
| Remuneration, social security and pensions | 62 | €194,716 | €180,215 | -€14,500 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,357 | €303,524 | +€42,167 | +16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €636,258 | €682,595 | +€46,337 | +7.3% |
| Other operating charges | 640/8 | €47,330 | €89,911 | +€42,581 | +90.0% |
| Non-recurring operating charges | 66A | €1,148,887 | €2,053,432 | +€904,544 | +78.7% |
| Gross operating margin | 9900 | €91,397,825 | €92,891,036 | +€1.5m | +1.6% |
| Operating profit (loss) | 9901 | €89,109,278 | €89,581,360 | +€472,082 | +0.5% |
| Financial income | 75/76B | €4,925,187 | €53,671,160 | +€48.7m | +989.7% |
| Recurring financial income | 75 | €4,925,187 | €53,671,160 | +€48.7m | +989.7% |
| Financial charges | 65/66B | €3,685,115 | €784,335 | -€2.9m | -78.7% |
| Recurring financial charges | 65 | €3,685,115 | €784,335 | -€2.9m | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €90,349,350 | €142,468,184 | +€52.1m | +57.7% |
| Income taxes | 67/77 | €8,215,949 | €13,379,859 | +€5.2m | +62.9% |
| Profit (loss) for the period | 9904 | €82,133,401 | €129,088,325 | +€47.0m | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,133,401 | €129,088,325 | +€47.0m | +57.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.