HV TECHNICS: 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 TECHNICS
Largest movements
- Cash -€26,290
down €26,290 (-86.3%), from €30,449 to €4,159
mainly Net result for the year (-€13,948) and Investment in fixed assets (net) (-€13,898)
- Receivables within one year +€9,137
up €9,137 (+47.2%), from €19,354 to €28,491
of which Other amounts receivable: +€8,949
- Tangible fixed assets +€6,878
up €6,878 (+52.5%), from €13,097 to €19,976
of which Other tangible fixed assets: +€8,115
- Stocks and contracts -€6,106
down €6,106 (-17.4%), from €35,000 to €28,894
- Profit (loss) carried forward -€13,948
down €13,948 (-529%), from -€2,638 to -€16,586
- Debts after one year -€9,224
down €9,224 (-10.6%), from €86,678 to €77,454
- Trade debts +€3,326
up €3,326, from €0 to €3,326
- Tax, wage and social debts +€2,500
up €2,500, from €0 to €2,500
of which Remuneration and social security: +€2,500
- Current portion of long-term debt +€1,249
up €1,249 (+15.7%), from €7,975 to €9,224
- Gross operating margin +€3,691
up €3,691 (+53.1%), from -€6,957 to -€3,266
- Financial charges +€2,310
up €2,310 (+195%), from €1,184 to €3,494
- Depreciation +€1,563
up €1,563 (+28.6%), from €5,456 to €7,019
- Other operating charges -€375
down €375 (-30.8%), from €1,220 to €845
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,865 | €83,163 | -€15,702 | -15.9% |
| Fixed assets | 21/28 | €14,062 | €20,941 | +€6,878 | +48.9% |
| Tangible fixed assets | 22/27 | €13,097 | €19,976 | +€6,878 | +52.5% |
| Land and buildings | 22 | €8,482 | €11,004 | +€2,522 | +29.7% |
| Furniture and vehicles | 24 | €1,089 | €856 | -€233 | -21.4% |
| Leasing and similar rights | 25 | €3,526 | €0 | -€3,526 | -100% |
| Other tangible fixed assets | 26 | - | €8,115 | +€8,115 | |
| Financial fixed assets | 28 | €965 | €965 | = | 0.0% |
| Current assets | 29/58 | €84,803 | €62,223 | -€22,580 | -26.6% |
| Stocks and contracts in progress | 3 | €35,000 | €28,894 | -€6,106 | -17.4% |
| Contracts in progress | 37 | €35,000 | €28,894 | -€6,106 | -17.4% |
| Amounts receivable within one year | 40/41 | €19,354 | €28,491 | +€9,137 | +47.2% |
| Trade receivables | 40 | €6,597 | €6,786 | +€188 | +2.9% |
| Other amounts receivable | 41 | €12,757 | €21,706 | +€8,949 | +70.1% |
| Cash at bank and in hand | 54/58 | €30,449 | €4,159 | -€26,290 | -86.3% |
| Deferred charges and accrued income | 490/1 | €0 | €678 | +€678 | |
| Total equity and liabilities | 10/49 | €98,865 | €83,163 | -€15,702 | -15.9% |
| Equity | 10/15 | €4,182 | -€9,766 | -€13,948 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,638 | -€16,586 | -€13,948 | -529% |
| Amounts payable | 17/49 | €94,683 | €92,929 | -€1,754 | -1.9% |
| Amounts payable after more than one year | 17 | €86,678 | €77,454 | -€9,224 | -10.6% |
| Financial debts | 170/4 | €86,678 | €77,454 | -€9,224 | -10.6% |
| Amounts payable within one year | 42/48 | €8,005 | €15,476 | +€7,471 | +93.3% |
| Current portion of amounts payable after more than one year | 42 | €7,975 | €9,224 | +€1,249 | +15.7% |
| Financial debts | 43 | - | €365 | +€365 | |
| Credit institutions | 430/8 | - | €365 | +€365 | |
| Trade debts | 44 | €0 | €3,326 | +€3,326 | |
| Suppliers | 440/4 | €0 | €3,326 | +€3,326 | |
| Taxes, remuneration and social security | 45 | €0 | €2,500 | +€2,500 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €30 | €60 | +€30 | +100.0% |
| Remuneration, social security and pensions | 62 | €42 | €0 | -€42 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,456 | €7,019 | +€1,563 | +28.6% |
| Other operating charges | 640/8 | €1,220 | €845 | -€375 | -30.8% |
| Gross operating margin | 9900 | -€6,957 | -€3,266 | +€3,691 | +53.1% |
| Operating profit (loss) | 9901 | -€13,676 | -€11,131 | +€2,546 | +18.6% |
| Financial income | 75/76B | €664 | €676 | +€12 | +1.8% |
| Recurring financial income | 75 | €664 | €676 | +€12 | +1.8% |
| Financial charges | 65/66B | €1,184 | €3,494 | +€2,310 | +195% |
| Recurring financial charges | 65 | €1,184 | €3,494 | +€2,310 | +195% |
| Profit (loss) for the period before taxes | 9903 | -€14,196 | -€13,948 | +€248 | +1.7% |
| Income taxes | 67/77 | €7 | €0 | -€7 | -100% |
| Profit (loss) for the period | 9904 | -€14,204 | -€13,948 | +€255 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,204 | -€13,948 | +€255 | +1.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.