HV Monolith: 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 Monolith
Largest movements
- Receivables after one year -€57,000
no longer reported in 2025 (was €57,000)
- Tangible fixed assets +€9,066
up €9,066 (+667.6%), from €1,358 to €10,424
of which Furniture and vehicles: +€9,527
- Cash +€4,655
up €4,655 (+9.6%), from €48,520 to €53,175
mainly Receivables after one year (+€57,000) and Net result for the year (+€20,328)
- Receivables within one year -€4,164
down €4,164 (-69.6%), from €5,987 to €1,823
of which Trade receivables: -€3,687
- Other debts -€65,722
down €65,722 (-99.9%), from €65,801 to €79
- Profit (loss) carried forward +€24,328
new in 2025: €24,328
- Tax, wage and social debts -€5,970
down €5,970 (-60.7%), from €9,841 to €3,871
- Financial income -€865
down €865 (-58.4%), from €1,482 to €617
- Taxes +€535
up €535 (+8.6%), from €6,197 to €6,732
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,135 | €109,477 | -€47,657 | -30.3% |
| Fixed assets | 21/28 | €43,233 | €52,299 | +€9,066 | +21.0% |
| Tangible fixed assets | 22/27 | €1,358 | €10,424 | +€9,066 | +667.6% |
| Plant, machinery and equipment | 23 | €959 | €498 | -€461 | -48.1% |
| Furniture and vehicles | 24 | €399 | €9,925 | +€9,527 | +2388.3% |
| Financial fixed assets | 28 | €41,875 | €41,875 | = | 0.0% |
| Current assets | 29/58 | €113,902 | €57,179 | -€56,723 | -49.8% |
| Amounts receivable after more than one year | 29 | €57,000 | - | -€57,000 | |
| Other amounts receivable | 291 | €57,000 | - | -€57,000 | |
| Amounts receivable within one year | 40/41 | €5,987 | €1,823 | -€4,164 | -69.6% |
| Trade receivables | 40 | €5,073 | €1,387 | -€3,687 | -72.7% |
| Other amounts receivable | 41 | €914 | €436 | -€478 | -52.3% |
| Cash at bank and in hand | 54/58 | €48,520 | €53,175 | +€4,655 | +9.6% |
| Deferred charges and accrued income | 490/1 | €2,395 | €2,181 | -€214 | -8.9% |
| Total equity and liabilities | 10/49 | €157,135 | €109,477 | -€47,657 | -30.3% |
| Equity | 10/15 | €80,764 | €105,092 | +€24,328 | +30.1% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €6,364 | €6,364 | = | 0.0% |
| Distributable reserves | 133 | €6,364 | €6,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €24,328 | +€24,328 | |
| Amounts payable | 17/49 | €76,371 | €4,385 | -€71,986 | -94.3% |
| Amounts payable within one year | 42/48 | €76,371 | €4,385 | -€71,986 | -94.3% |
| Trade debts | 44 | €729 | €435 | -€294 | -40.3% |
| Suppliers | 440/4 | €729 | €435 | -€294 | -40.3% |
| Taxes, remuneration and social security | 45 | €9,841 | €3,871 | -€5,970 | -60.7% |
| Taxes | 450/3 | €9,841 | €3,871 | -€5,970 | -60.7% |
| Other amounts payable | 47/48 | €65,801 | €79 | -€65,722 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,149 | €1,340 | +€191 | +16.6% |
| Other operating charges | 640/8 | - | €78 | +€78 | |
| Gross operating margin | 9900 | €28,226 | €28,139 | -€87 | -0.3% |
| Operating profit (loss) | 9901 | €27,077 | €26,721 | -€356 | -1.3% |
| Financial income | 75/76B | €1,482 | €617 | -€865 | -58.4% |
| Recurring financial income | 75 | €1,482 | €617 | -€865 | -58.4% |
| Financial charges | 65/66B | €369 | €279 | -€90 | -24.4% |
| Recurring financial charges | 65 | €369 | €279 | -€90 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €28,191 | €27,060 | -€1,131 | -4.0% |
| Income taxes | 67/77 | €6,197 | €6,732 | +€535 | +8.6% |
| Profit (loss) for the period | 9904 | €21,994 | €20,328 | -€1,666 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,994 | €20,328 | -€1,666 | -7.6% |
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 11 October 2026 via checked.be.