HV-IT Services: 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.
HV-IT Services
Largest movements
- Cash +€10,859
up €10,859 (+75.0%), from €14,474 to €25,333
mainly Net result for the year (+€25,420) and Current portion of long-term debt (+€3,544)
- Receivables within one year +€8,179
up €8,179 (+10.6%), from €76,876 to €85,055
of which Other amounts receivable: +€18,637
- Tangible fixed assets -€1,409
down €1,409 (-46.4%), from €3,037 to €1,629
- Reserves +€25,420
up €25,420 (+90.2%), from €28,175 to €53,595
- Trade debts -€8,464
down €8,464 (-85.1%), from €9,948 to €1,484
- Current portion of long-term debt +€3,544
up €3,544, from €0 to €3,544
- Other debts -€3,269
down €3,269 (-100%), from €3,269 to €0
- Gross operating margin -€3,118
down €3,118 (-7.3%), from €42,500 to €39,382
- Staff costs -€1,493
down €1,493 (-100%), from €1,493 to €0
- Financial income +€1,026
up €1,026 (+48.1%), from €2,133 to €3,160
- Other operating charges +€915
up €915 (+118%), from €774 to €1,689
- Taxes +€480
up €480 (+3.7%), from €13,103 to €13,583
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,388 | €112,017 | +€17,629 | +18.7% |
| Fixed assets | 21/28 | €3,037 | €1,629 | -€1,409 | -46.4% |
| Tangible fixed assets | 22/27 | €3,037 | €1,629 | -€1,409 | -46.4% |
| Furniture and vehicles | 24 | €3,037 | €1,629 | -€1,409 | -46.4% |
| Current assets | 29/58 | €91,351 | €110,388 | +€19,038 | +20.8% |
| Amounts receivable within one year | 40/41 | €76,876 | €85,055 | +€8,179 | +10.6% |
| Trade receivables | 40 | €33,839 | €23,381 | -€10,459 | -30.9% |
| Other amounts receivable | 41 | €43,037 | €61,674 | +€18,637 | +43.3% |
| Cash at bank and in hand | 54/58 | €14,474 | €25,333 | +€10,859 | +75.0% |
| Total equity and liabilities | 10/49 | €94,388 | €112,017 | +€17,629 | +18.7% |
| Equity | 10/15 | €63,903 | €89,323 | +€25,420 | +39.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,175 | €53,595 | +€25,420 | +90.2% |
| Distributable reserves | 133 | €28,175 | €53,595 | +€25,420 | +90.2% |
| Profit (loss) carried forward | 14 | €33,728 | €33,728 | = | 0.0% |
| Amounts payable | 17/49 | €30,485 | €22,694 | -€7,791 | -25.6% |
| Amounts payable within one year | 42/48 | €30,485 | €22,694 | -€7,791 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,544 | +€3,544 | |
| Trade debts | 44 | €9,948 | €1,484 | -€8,464 | -85.1% |
| Suppliers | 440/4 | €9,948 | €1,484 | -€8,464 | -85.1% |
| Taxes, remuneration and social security | 45 | €17,268 | €17,666 | +€397 | +2.3% |
| Taxes | 450/3 | €17,268 | €17,632 | +€364 | +2.1% |
| Remuneration and social security | 454/9 | - | €34 | +€34 | |
| Other amounts payable | 47/48 | €3,269 | €0 | -€3,269 | -100% |
| Remuneration, social security and pensions | 62 | €1,493 | €0 | -€1,493 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,052 | €1,409 | +€357 | +33.9% |
| Other operating charges | 640/8 | €774 | €1,689 | +€915 | +118% |
| Gross operating margin | 9900 | €42,500 | €39,382 | -€3,118 | -7.3% |
| Operating profit (loss) | 9901 | €39,182 | €36,284 | -€2,897 | -7.4% |
| Financial income | 75/76B | €2,133 | €3,160 | +€1,026 | +48.1% |
| Recurring financial income | 75 | €2,133 | €3,160 | +€1,026 | +48.1% |
| Financial charges | 65/66B | €37 | €441 | +€404 | +1,097% |
| Recurring financial charges | 65 | €37 | €441 | +€404 | +1,097% |
| Profit (loss) for the period before taxes | 9903 | €41,278 | €39,003 | -€2,275 | -5.5% |
| Income taxes | 67/77 | €13,103 | €13,583 | +€480 | +3.7% |
| Profit (loss) for the period | 9904 | €28,175 | €25,420 | -€2,755 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,175 | €25,420 | -€2,755 | -9.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.