HV GLOBAL EVENTS: what changed
HV GLOBAL EVENTS
Largest movements
- Deferred charges and accrued income -€4,157
down €4,157 (-100%), from €4,157 to €0
- Receivables within one year +€3,043
up €3,043 (+39.6%), from €7,690 to €10,733
of which Other amounts receivable: +€4,625
- Tangible fixed assets -€2,666
down €2,666 (-47.3%), from €5,636 to €2,970
- Cash -€493
down €493 (-22.2%), from €2,227 to €1,734
mainly Net result for the year (-€14,586) and Trade debts (-€9,470)
- Other debts +€16,306
up €16,306 (+185%), from €8,809 to €25,115
- Profit (loss) carried forward -€14,586
down €14,586 (-133%), from -€10,987 to -€25,573
- Trade debts -€9,470
down €9,470 (-76.7%), from €12,352 to €2,882
- Tax, wage and social debts +€3,438
up €3,438 (+263%), from €1,308 to €4,746
- Gross operating margin -€10,029
down €10,029 (-1,185%), from -€846 to -€10,875
- Taxes -€3,814
down €3,814 (-100%), from €3,814 to €0
- Other operating charges +€641
up €641 (+513%), from €125 to €766
- Depreciation +€356
up €356 (+15.4%), from €2,310 to €2,666
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,711 | €15,437 | -€4,274 | -21.7% |
| Fixed assets | 21/28 | €5,636 | €2,970 | -€2,666 | -47.3% |
| Tangible fixed assets | 22/27 | €5,636 | €2,970 | -€2,666 | -47.3% |
| Furniture and vehicles | 24 | €5,636 | €2,970 | -€2,666 | -47.3% |
| Current assets | 29/58 | €14,075 | €12,467 | -€1,608 | -11.4% |
| Amounts receivable within one year | 40/41 | €7,690 | €10,733 | +€3,043 | +39.6% |
| Trade receivables | 40 | €3,391 | €1,809 | -€1,582 | -46.7% |
| Other amounts receivable | 41 | €4,299 | €8,924 | +€4,625 | +108% |
| Cash at bank and in hand | 54/58 | €2,227 | €1,734 | -€493 | -22.2% |
| Deferred charges and accrued income | 490/1 | €4,157 | €0 | -€4,157 | -100% |
| Total equity and liabilities | 10/49 | €19,711 | €15,437 | -€4,274 | -21.7% |
| Equity | 10/15 | -€2,927 | -€17,513 | -€14,586 | -498% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,987 | -€25,573 | -€14,586 | -133% |
| Amounts payable | 17/49 | €22,638 | €32,951 | +€10,313 | +45.6% |
| Amounts payable within one year | 42/48 | €22,638 | €32,951 | +€10,313 | +45.6% |
| Financial debts | 43 | €169 | €207 | +€38 | +22.4% |
| Credit institutions | 430/8 | €169 | €207 | +€38 | +22.4% |
| Trade debts | 44 | €12,352 | €2,882 | -€9,470 | -76.7% |
| Suppliers | 440/4 | €12,352 | €2,882 | -€9,470 | -76.7% |
| Taxes, remuneration and social security | 45 | €1,308 | €4,746 | +€3,438 | +263% |
| Taxes | 450/3 | €1,308 | €4,746 | +€3,438 | +263% |
| Other amounts payable | 47/48 | €8,809 | €25,115 | +€16,306 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €2,666 | +€356 | +15.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €125 | €766 | +€641 | +513% |
| Gross operating margin | 9900 | -€846 | -€10,875 | -€10,029 | -1,185% |
| Operating profit (loss) | 9901 | -€3,281 | -€14,307 | -€11,026 | -336% |
| Financial income | 75/76B | €13 | €0 | -€13 | -98.8% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -98.8% |
| Financial charges | 65/66B | €238 | €279 | +€41 | +17.3% |
| Recurring financial charges | 65 | €238 | €279 | +€41 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,506 | -€14,586 | -€11,080 | -316% |
| Income taxes | 67/77 | €3,814 | €0 | -€3,814 | -100% |
| Profit (loss) for the period | 9904 | -€7,321 | -€14,586 | -€7,266 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,321 | -€14,586 | -€7,266 | -99.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.