HV PIZZA: 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 PIZZA
Largest movements
- Receivables within one year +€30,158
up €30,158 (+23.2%), from €130,171 to €160,329
of which Trade receivables: +€28,713
- Deferred charges and accrued income +€20,401
new in 2024: €20,401
- Cash -€9,673
down €9,673 (-7.9%), from €121,794 to €112,121
mainly Receivables within one year (-€30,158) and Deferred charges and accrued income (-€20,401)
- Tangible fixed assets -€3,442
down €3,442 (-31.1%), from €11,059 to €7,617
- Trade debts +€45,818
up €45,818 (+735%), from €6,238 to €52,056
- Profit (loss) carried forward -€10,915
down €10,915 (-6.0%), from €180,613 to €169,699
- Gross operating margin -€17,568
down €17,568 (-9.0%), from €194,495 to €176,926
- Staff costs +€5,075
up €5,075 (+2.9%), from €174,626 to €179,700
- Taxes -€3,663
no longer reported in 2024 (was €3,663)
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 | €271,008 | €308,306 | +€37,297 | +13.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €11,246 | €7,804 | -€3,442 | -30.6% |
| Tangible fixed assets | 22/27 | €11,059 | €7,617 | -€3,442 | -31.1% |
| Land and buildings | 22 | €4,112 | €2,583 | -€1,529 | -37.2% |
| Plant, machinery and equipment | 23 | €4,110 | €2,946 | -€1,163 | -28.3% |
| Furniture and vehicles | 24 | €2,837 | €2,088 | -€749 | -26.4% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €259,763 | €300,502 | +€40,739 | +15.7% |
| Stocks and contracts in progress | 3 | €7,798 | €7,652 | -€146 | -1.9% |
| Stocks | 30/36 | €7,798 | €7,652 | -€146 | -1.9% |
| Amounts receivable within one year | 40/41 | €130,171 | €160,329 | +€30,158 | +23.2% |
| Trade receivables | 40 | €3,649 | €32,362 | +€28,713 | +787% |
| Other amounts receivable | 41 | €126,522 | €127,967 | +€1,445 | +1.1% |
| Cash at bank and in hand | 54/58 | €121,794 | €112,121 | -€9,673 | -7.9% |
| Deferred charges and accrued income | 490/1 | - | €20,401 | +€20,401 | |
| Total equity and liabilities | 10/49 | €271,008 | €308,306 | +€37,297 | +13.8% |
| Equity | 10/15 | €249,673 | €238,759 | -€10,915 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,860 | €62,860 | = | 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% |
| Distributable reserves | 133 | €61,000 | €61,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,613 | €169,699 | -€10,915 | -6.0% |
| Amounts payable | 17/49 | €21,335 | €69,547 | +€48,212 | +226% |
| Amounts payable within one year | 42/48 | €19,537 | €69,547 | +€50,010 | +256% |
| Current portion of amounts payable after more than one year | 42 | €2,136 | €2,157 | +€21 | +1.0% |
| Financial debts | 43 | - | €2,541 | +€2,541 | |
| Credit institutions | 430/8 | - | €2,541 | +€2,541 | |
| Trade debts | 44 | €6,238 | €52,056 | +€45,818 | +735% |
| Suppliers | 440/4 | €6,238 | €52,056 | +€45,818 | +735% |
| Taxes, remuneration and social security | 45 | €6,663 | €8,294 | +€1,631 | +24.5% |
| Taxes | 450/3 | €6,663 | €5,380 | -€1,283 | -19.3% |
| Remuneration and social security | 454/9 | - | €2,914 | +€2,914 | |
| Other amounts payable | 47/48 | €4,500 | €4,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,799 | - | -€1,799 | |
| Remuneration, social security and pensions | 62 | €174,626 | €179,700 | +€5,075 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,553 | €3,442 | -€1,111 | -24.4% |
| Other operating charges | 640/8 | €1,076 | €1,208 | +€132 | +12.3% |
| Gross operating margin | 9900 | €194,495 | €176,926 | -€17,568 | -9.0% |
| Operating profit (loss) | 9901 | €14,240 | -€7,424 | -€21,664 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -52.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -52.6% |
| Financial charges | 65/66B | €3,519 | €3,490 | -€29 | -0.8% |
| Recurring financial charges | 65 | €3,519 | €3,490 | -€29 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €10,721 | -€10,915 | -€21,635 | |
| Income taxes | 67/77 | €3,663 | - | -€3,663 | |
| Profit (loss) for the period | 9904 | €7,058 | -€10,915 | -€17,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,058 | -€10,915 | -€17,973 |
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.