HV FOOD: what changed
What changed
HV FOOD
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
-€7,239
2024 · €50,492-€57,731
Equity
-€62,235
2024 · -€54,996-€7,239
Cash
€207,712
2024 · €258,568-€50,856
Balance sheet total
€452,542
2024 · €663,471-€210,929
Largest movements
Assets
- Receivables within one year -€155,259
down €155,259 (-75.0%), from €207,053 to €51,794
of which Trade receivables: -€141,251
- Cash -€50,856
down €50,856 (-19.7%), from €258,568 to €207,712
mainly Trade debts (-€195,838) and Debts after one year (-€13,237)
Equity and liabilities
- Trade debts -€195,838
down €195,838 (-37.8%), from €518,250 to €322,412
- Debts after one year -€13,237
down €13,237 (-7.3%), from €180,352 to €167,115
of which Trade debts: -€180,352
- Tax, wage and social debts +€7,963
up €7,963 (+46.1%), from €17,287 to €25,251
of which Remuneration and social security: +€7,957
- Profit (loss) carried forward -€7,239
down €7,239 (-9.7%), from -€74,996 to -€82,235
Income statement
- Staff costs +€66,447
up €66,447 (+89.2%), from €74,465 to €140,912
- Gross operating margin +€10,048
up €10,048 (+6.9%), from €145,514 to €155,562
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€50,492
Gross operating margin
+€10,048
Staff costs
-€66,447
Depreciation
-€1,405
Other operating charges
+€983
Financial income
+€46
Financial charges
-€911
Taxes
-€46
Result 2025
-€7,239
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€30,550
Investment
-€7,069
Financing
-€13,237
Cash 2024
€258,568
From operations (derived)
-€30,550
Net result for the year
-€7,239
Depreciation
+€5,597
Stocks and contracts
+€6,277
Receivables within one year
+€155,259
Deferred charges and accrued income
+€9
Trade debts
-€195,838
Tax, wage and social debts
+€7,963
Advances received
-€2,578
Investment (derived)
-€7,069
Investment in fixed assets (net)
-€7,069
Financing
-€13,237
Debts after one year
-€13,237
Cash 2025
€207,712
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €663,471 | €452,542 | -€210,929 | -31.8% |
| Fixed assets | 21/28 | €28,263 | €29,735 | +€1,472 | +5.2% |
| Tangible fixed assets | 22/27 | €7,538 | €9,010 | +€1,472 | +19.5% |
| Plant, machinery and equipment | 23 | €372 | €5,731 | +€5,358 | +1,440% |
| Furniture and vehicles | 24 | €7,166 | €3,279 | -€3,886 | -54.2% |
| Financial fixed assets | 28 | €20,725 | €20,725 | = | 0.0% |
| Current assets | 29/58 | €635,208 | €422,807 | -€212,401 | -33.4% |
| Stocks and contracts in progress | 3 | €166,815 | €160,538 | -€6,277 | -3.8% |
| Stocks | 30/36 | €166,815 | €160,538 | -€6,277 | -3.8% |
| Amounts receivable within one year | 40/41 | €207,053 | €51,794 | -€155,259 | -75.0% |
| Trade receivables | 40 | €164,119 | €22,868 | -€141,251 | -86.1% |
| Other amounts receivable | 41 | €42,933 | €28,926 | -€14,008 | -32.6% |
| Cash at bank and in hand | 54/58 | €258,568 | €207,712 | -€50,856 | -19.7% |
| Deferred charges and accrued income | 490/1 | €2,773 | €2,763 | -€9 | -0.3% |
| Total equity and liabilities | 10/49 | €663,471 | €452,542 | -€210,929 | -31.8% |
| Equity | 10/15 | -€54,996 | -€62,235 | -€7,239 | -13.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,996 | -€82,235 | -€7,239 | -9.7% |
| Amounts payable | 17/49 | €718,467 | €514,777 | -€203,690 | -28.4% |
| Amounts payable after more than one year | 17 | €180,352 | €167,115 | -€13,237 | -7.3% |
| Financial debts | 170/4 | - | €167,115 | +€167,115 | |
| Trade debts | 175 | €180,352 | €0 | -€180,352 | -100% |
| Amounts payable within one year | 42/48 | €538,115 | €347,663 | -€190,453 | -35.4% |
| Trade debts | 44 | €518,250 | €322,412 | -€195,838 | -37.8% |
| Suppliers | 440/4 | €518,250 | €322,412 | -€195,838 | -37.8% |
| Advances received on contracts in progress | 46 | €2,578 | €0 | -€2,578 | -100% |
| Taxes, remuneration and social security | 45 | €17,287 | €25,251 | +€7,963 | +46.1% |
| Taxes | 450/3 | €40 | €46 | +€6 | +16.1% |
| Remuneration and social security | 454/9 | €17,248 | €25,205 | +€7,957 | +46.1% |
| Remuneration, social security and pensions | 62 | €74,465 | €140,912 | +€66,447 | +89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,192 | €5,597 | +€1,405 | +33.5% |
| Other operating charges | 640/8 | €2,006 | €1,023 | -€983 | -49.0% |
| Gross operating margin | 9900 | €145,514 | €155,562 | +€10,048 | +6.9% |
| Operating profit (loss) | 9901 | €64,851 | €8,031 | -€56,820 | -87.6% |
| Financial income | 75/76B | €1,571 | €1,617 | +€46 | +2.9% |
| Recurring financial income | 75 | €1,571 | €1,617 | +€46 | +2.9% |
| Financial charges | 65/66B | €15,930 | €16,841 | +€911 | +5.7% |
| Recurring financial charges | 65 | €15,930 | €16,841 | +€911 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €50,492 | -€7,193 | -€57,685 | |
| Income taxes | 67/77 | - | €46 | +€46 | |
| Profit (loss) for the period | 9904 | €50,492 | -€7,239 | -€57,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,492 | -€7,239 | -€57,731 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.