HVA TECHNICS & GASSYSTEMS: 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.
HVA TECHNICS & GASSYSTEMS
Largest movements
- Stocks and contracts -€17,247
down €17,247 (-78.9%), from €21,864 to €4,617
- Cash -€7,134
down €7,134 (-82.2%), from €8,684 to €1,550
mainly Investment in fixed assets (net) (-€60,000) and Other debts (-€56,857)
- Tangible fixed assets -€6,191
down €6,191 (-53.5%), from €11,572 to €5,381
of which Furniture and vehicles: -€3,856
- Other debts -€56,857
down €56,857 (-87.2%), from €65,230 to €8,373
- Profit (loss) carried forward +€40,725
up €40,725 (+25.9%), from -€157,343 to -€116,618
- Tax, wage and social debts -€8,886
down €8,886 (-51.8%), from €17,169 to €8,283
- Trade debts -€5,554
down €5,554 (-51.1%), from €10,864 to €5,310
- Depreciation +€56,379
up €56,379 (+575%), from €9,812 to €66,191
- Gross operating margin +€47,104
up €47,104 (+75.0%), from €62,812 to €109,916
- Other operating charges -€24,635
down €24,635 (-93.5%), from €26,341 to €1,706
- Financial charges -€1,311
down €1,311 (-53.6%), from €2,445 to €1,134
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 | €46,120 | €15,547 | -€30,572 | -66.3% |
| Fixed assets | 21/28 | €15,572 | €9,381 | -€6,191 | -39.8% |
| Tangible fixed assets | 22/27 | €11,572 | €5,381 | -€6,191 | -53.5% |
| Plant, machinery and equipment | 23 | €3,480 | €1,145 | -€2,335 | -67.1% |
| Furniture and vehicles | 24 | €8,092 | €4,235 | -€3,856 | -47.7% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €30,548 | €6,167 | -€24,381 | -79.8% |
| Stocks and contracts in progress | 3 | €21,864 | €4,617 | -€17,247 | -78.9% |
| Stocks | 30/36 | €21,864 | €4,617 | -€17,247 | -78.9% |
| Cash at bank and in hand | 54/58 | €8,684 | €1,550 | -€7,134 | -82.2% |
| Total equity and liabilities | 10/49 | €46,120 | €15,547 | -€30,572 | -66.3% |
| Equity | 10/15 | -€117,143 | -€76,418 | +€40,725 | +34.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,800 | €27,800 | = | 0.0% |
| Distributable reserves | 133 | €27,800 | €27,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,343 | -€116,618 | +€40,725 | +25.9% |
| Amounts payable | 17/49 | €163,263 | €91,966 | -€71,297 | -43.7% |
| Amounts payable within one year | 42/48 | €163,263 | €91,966 | -€71,297 | -43.7% |
| Financial debts | 43 | €70,000 | €70,000 | = | 0.0% |
| Other loans | 439 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €10,864 | €5,310 | -€5,554 | -51.1% |
| Suppliers | 440/4 | €10,864 | €5,310 | -€5,554 | -51.1% |
| Taxes, remuneration and social security | 45 | €17,169 | €8,283 | -€8,886 | -51.8% |
| Taxes | 450/3 | €17,169 | €8,283 | -€8,886 | -51.8% |
| Other amounts payable | 47/48 | €65,230 | €8,373 | -€56,857 | -87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,812 | €66,191 | +€56,379 | +575% |
| Other operating charges | 640/8 | €26,341 | €1,706 | -€24,635 | -93.5% |
| Gross operating margin | 9900 | €62,812 | €109,916 | +€47,104 | +75.0% |
| Operating profit (loss) | 9901 | €26,659 | €42,019 | +€15,360 | +57.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,445 | €1,134 | -€1,311 | -53.6% |
| Recurring financial charges | 65 | €2,445 | €1,134 | -€1,311 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €24,213 | €40,886 | +€16,672 | +68.9% |
| Income taxes | 67/77 | €256 | €161 | -€95 | -37.1% |
| Profit (loss) for the period | 9904 | €23,958 | €40,725 | +€16,767 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,958 | €40,725 | +€16,767 | +70.0% |
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 24 October 2026 via checked.be.