HV-Logistique: 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-Logistique
Largest movements
- Tangible fixed assets +€15,351
up €15,351 (+773%), from €1,986 to €17,338
of which Furniture and vehicles: +€15,225
- Receivables within one year +€11,874
up €11,874 (+854%), from €1,391 to €13,265
of which Trade receivables: +€12,458
- Trade debts +€12,904
new in 2025: €12,904
- Debts after one year +€12,486
new in 2025: €12,486
- Profit (loss) carried forward -€8,311
down €8,311 (-106%), from -€7,847 to -€16,157
- Other debts +€7,289
up €7,289 (+75.0%), from €9,724 to €17,013
- Current portion of long-term debt +€2,857
new in 2025: €2,857
- Depreciation +€2,874
up €2,874 (+3,042%), from €94 to €2,968
- Gross operating margin +€1,762
up €1,762 (+28.8%), from -€6,110 to -€4,348
- Financial charges -€519
down €519 (-41.9%), from €1,240 to €721
- Other operating charges -€126
down €126 (-31.3%), from €402 to €276
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 | €3,377 | €30,603 | +€27,226 | +806% |
| Fixed assets | 21/28 | €1,986 | €17,338 | +€15,351 | +773% |
| Tangible fixed assets | 22/27 | €1,986 | €17,338 | +€15,351 | +773% |
| Land and buildings | 22 | €1,545 | €1,387 | -€158 | -10.2% |
| Plant, machinery and equipment | 23 | - | €285 | +€285 | |
| Furniture and vehicles | 24 | €441 | €15,666 | +€15,225 | +3,454% |
| Current assets | 29/58 | €1,391 | €13,265 | +€11,874 | +854% |
| Amounts receivable within one year | 40/41 | €1,391 | €13,265 | +€11,874 | +854% |
| Trade receivables | 40 | €728 | €13,186 | +€12,458 | +1,711% |
| Other amounts receivable | 41 | €663 | €79 | -€584 | -88.1% |
| Cash at bank and in hand | 54/58 | €0 | €0 | +€0 | +181% |
| Total equity and liabilities | 10/49 | €3,377 | €30,603 | +€27,226 | +806% |
| Equity | 10/15 | -€6,347 | -€14,657 | -€8,311 | -131% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,847 | -€16,157 | -€8,311 | -106% |
| Amounts payable | 17/49 | €9,724 | €45,260 | +€35,536 | +365% |
| Amounts payable after more than one year | 17 | - | €12,486 | +€12,486 | |
| Financial debts | 170/4 | - | €12,486 | +€12,486 | |
| Amounts payable within one year | 42/48 | €9,724 | €32,774 | +€23,050 | +237% |
| Current portion of amounts payable after more than one year | 42 | - | €2,857 | +€2,857 | |
| Trade debts | 44 | - | €12,904 | +€12,904 | |
| Suppliers | 440/4 | - | €12,904 | +€12,904 | |
| Other amounts payable | 47/48 | €9,724 | €17,013 | +€7,289 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94 | €2,968 | +€2,874 | +3,042% |
| Other operating charges | 640/8 | €402 | €276 | -€126 | -31.3% |
| Gross operating margin | 9900 | -€6,110 | -€4,348 | +€1,762 | +28.8% |
| Operating profit (loss) | 9901 | -€6,606 | -€7,593 | -€986 | -14.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,240 | €721 | -€519 | -41.9% |
| Recurring financial charges | 65 | €1,240 | €721 | -€519 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,847 | -€8,311 | -€464 | -5.9% |
| Profit (loss) for the period | 9904 | -€7,847 | -€8,311 | -€464 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,847 | -€8,311 | -€464 | -5.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.