HV TEX: 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 TEX
Largest movements
- Tangible fixed assets +€104,465
up €104,465 (+260%), from €40,166 to €144,631
of which Plant, machinery and equipment: +€62,235
- Cash +€58,441
up €58,441 (+502%), from €11,638 to €70,080
mainly Debts after one year (+€71,927) and Deferred charges and accrued income (+€34,935)
- Deferred charges and accrued income -€34,935
down €34,935 (-86.9%), from €40,202 to €5,267
- Receivables within one year +€16,450
up €16,450 (+42.7%), from €38,500 to €54,950
of which Other amounts receivable: +€8,346
- Debts after one year +€71,927
up €71,927 (+1,321%), from €5,445 to €77,372
- Reserves +€32,621
up €32,621 (+58.3%), from €55,982 to €88,603
of which Distributable reserves: +€32,621
- Trade debts +€20,788
up €20,788 (+269%), from €7,733 to €28,521
- Current portion of long-term debt +€13,873
up €13,873 (+61.9%), from €22,403 to €36,276
- Other debts +€4,143
up €4,143 (+83.5%), from €4,964 to €9,107
- Staff costs -€6,311
down €6,311 (-6.6%), from €96,007 to €89,696
- Depreciation +€6,142
up €6,142 (+24.7%), from €24,888 to €31,030
- Gross operating margin +€5,297
up €5,297 (+3.1%), from €172,423 to €177,720
- Financial charges +€2,258
up €2,258 (+102%), from €2,210 to €4,468
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 | €131,932 | €276,353 | +€144,421 | +109% |
| Fixed assets | 21/28 | €41,591 | €146,056 | +€104,465 | +251% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €40,166 | €144,631 | +€104,465 | +260% |
| Land and buildings | 22 | €1,375 | €0 | -€1,375 | -100% |
| Plant, machinery and equipment | 23 | €36,291 | €98,526 | +€62,235 | +171% |
| Furniture and vehicles | 24 | €2,500 | €0 | -€2,500 | -100% |
| Leasing and similar rights | 25 | - | €46,105 | +€46,105 | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,425 | €1,425 | = | 0.0% |
| Current assets | 29/58 | €90,341 | €130,297 | +€39,956 | +44.2% |
| Amounts receivable within one year | 40/41 | €38,500 | €54,950 | +€16,450 | +42.7% |
| Trade receivables | 40 | €34,754 | €42,858 | +€8,104 | +23.3% |
| Other amounts receivable | 41 | €3,746 | €12,092 | +€8,346 | +223% |
| Cash at bank and in hand | 54/58 | €11,638 | €70,080 | +€58,441 | +502% |
| Deferred charges and accrued income | 490/1 | €40,202 | €5,267 | -€34,935 | -86.9% |
| Total equity and liabilities | 10/49 | €131,932 | €276,353 | +€144,421 | +109% |
| Equity | 10/15 | €74,582 | €107,203 | +€32,621 | +43.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,982 | €88,603 | +€32,621 | +58.3% |
| Non-distributable reserves | 130/1 | €125 | €125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €125 | €125 | = | 0.0% |
| Distributable reserves | 133 | €55,857 | €88,478 | +€32,621 | +58.4% |
| Amounts payable | 17/49 | €57,350 | €169,150 | +€111,800 | +195% |
| Amounts payable after more than one year | 17 | €5,445 | €77,372 | +€71,927 | +1,321% |
| Financial debts | 170/4 | €5,445 | €77,372 | +€71,927 | +1,321% |
| Amounts payable within one year | 42/48 | €51,613 | €91,461 | +€39,848 | +77.2% |
| Current portion of amounts payable after more than one year | 42 | €22,403 | €36,276 | +€13,873 | +61.9% |
| Trade debts | 44 | €7,733 | €28,521 | +€20,788 | +269% |
| Suppliers | 440/4 | €7,733 | €28,521 | +€20,788 | +269% |
| Taxes, remuneration and social security | 45 | €16,513 | €17,557 | +€1,044 | +6.3% |
| Taxes | 450/3 | €11,354 | €12,279 | +€925 | +8.1% |
| Remuneration and social security | 454/9 | €5,158 | €5,278 | +€119 | +2.3% |
| Other amounts payable | 47/48 | €4,964 | €9,107 | +€4,143 | +83.5% |
| Accrued charges and deferred income | 492/3 | €293 | €317 | +€24 | +8.3% |
| Non-recurring operating income | 76A | €2,172 | - | -€2,172 | |
| Remuneration, social security and pensions | 62 | €96,007 | €89,696 | -€6,311 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,888 | €31,030 | +€6,142 | +24.7% |
| Other operating charges | 640/8 | €4,288 | €4,005 | -€283 | -6.6% |
| Gross operating margin | 9900 | €172,423 | €177,720 | +€5,297 | +3.1% |
| Operating profit (loss) | 9901 | €47,240 | €52,989 | +€5,749 | +12.2% |
| Financial charges | 65/66B | €2,210 | €4,468 | +€2,258 | +102% |
| Recurring financial charges | 65 | €2,210 | €4,468 | +€2,258 | +102% |
| Profit (loss) for the period before taxes | 9903 | €45,030 | €48,521 | +€3,491 | +7.8% |
| Income taxes | 67/77 | €16,700 | €15,041 | -€1,658 | -9.9% |
| Profit (loss) for the period | 9904 | €28,331 | €33,480 | +€5,149 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,331 | €33,480 | +€5,149 | +18.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.