HV TLL: 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 TLL
Largest movements
- Tangible fixed assets -€18,196
down €18,196 (-5.9%), from €307,918 to €289,722
of which Land and buildings: -€9,244
- Receivables within one year +€3,375
new in 2025: €3,375
- Debts after one year -€14,258
down €14,258 (-7.0%), from €202,849 to €188,591
- Profit (loss) carried forward -€5,137
down €5,137 (-9.1%), from -€56,752 to -€61,890
- Gross operating margin +€6,396
up €6,396 (+47.3%), from €13,526 to €19,922
- Financial charges -€377
down €377 (-5.2%), from €7,241 to €6,864
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 | €309,774 | €293,097 | -€16,677 | -5.4% |
| Fixed assets | 21/28 | €307,918 | €289,722 | -€18,196 | -5.9% |
| Tangible fixed assets | 22/27 | €307,918 | €289,722 | -€18,196 | -5.9% |
| Land and buildings | 22 | €207,814 | €198,570 | -€9,244 | -4.4% |
| Other tangible fixed assets | 26 | €100,104 | €91,152 | -€8,952 | -8.9% |
| Current assets | 29/58 | €1,856 | €3,375 | +€1,518 | +81.8% |
| Amounts receivable within one year | 40/41 | - | €3,375 | +€3,375 | |
| Trade receivables | 40 | - | €3,375 | +€3,375 | |
| Cash at bank and in hand | 54/58 | €1,856 | - | -€1,856 | |
| Total equity and liabilities | 10/49 | €309,774 | €293,097 | -€16,677 | -5.4% |
| Equity | 10/15 | -€31,752 | -€36,890 | -€5,137 | -16.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,752 | -€61,890 | -€5,137 | -9.1% |
| Amounts payable | 17/49 | €341,526 | €329,986 | -€11,540 | -3.4% |
| Amounts payable after more than one year | 17 | €202,849 | €188,591 | -€14,258 | -7.0% |
| Financial debts | 170/4 | €202,849 | €188,591 | -€14,258 | -7.0% |
| Amounts payable within one year | 42/48 | €138,678 | €141,396 | +€2,718 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €13,919 | €15,853 | +€1,934 | +13.9% |
| Trade debts | 44 | €1,852 | €2,485 | +€633 | +34.2% |
| Suppliers | 440/4 | €1,852 | €2,485 | +€633 | +34.2% |
| Taxes, remuneration and social security | 45 | €193 | €345 | +€152 | +78.3% |
| Taxes | 450/3 | €193 | €345 | +€152 | +78.3% |
| Other amounts payable | 47/48 | €122,713 | €122,713 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,196 | €18,196 | = | 0.0% |
| Gross operating margin | 9900 | €13,526 | €19,922 | +€6,396 | +47.3% |
| Operating profit (loss) | 9901 | -€4,669 | €1,727 | +€6,396 | |
| Financial charges | 65/66B | €7,241 | €6,864 | -€377 | -5.2% |
| Recurring financial charges | 65 | €7,241 | €6,864 | -€377 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,910 | -€5,137 | +€6,773 | +56.9% |
| Profit (loss) for the period | 9904 | -€11,910 | -€5,137 | +€6,773 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,910 | -€5,137 | +€6,773 | +56.9% |
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 15 October 2026 via checked.be.