HVana: what changed
Two fiscal 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.
HVana
Largest movements
- Cash +€93,732
up €93,732 (+36.7%), from €255,201 to €348,932
mainly Net result for the year (+€61,792) and Receivables within one year (+€26,336)
- Receivables within one year -€26,336
down €26,336 (-45.1%), from €58,458 to €32,122
of which Other amounts receivable: -€26,336
- Reserves +€61,792
up €61,792 (+21.7%), from €285,271 to €347,063
- Gross operating margin -€8,428
down €8,428 (-8.9%), from €95,046 to €86,618
- Depreciation -€7,968
down €7,968 (-90.5%), from €8,801 to €833
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.
Cash bridge derived
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 | €317,421 | €384,162 | +€66,741 | +21.0% |
| Fixed assets | 21/28 | €3,397 | €2,563 | -€833 | -24.5% |
| Tangible fixed assets | 22/27 | €3,397 | €2,563 | -€833 | -24.5% |
| Furniture and vehicles | 24 | €3,397 | €2,563 | -€833 | -24.5% |
| Current assets | 29/58 | €314,025 | €381,599 | +€67,574 | +21.5% |
| Amounts receivable within one year | 40/41 | €58,458 | €32,122 | -€26,336 | -45.1% |
| Trade receivables | 40 | €32,122 | €32,122 | = | 0.0% |
| Other amounts receivable | 41 | €26,336 | €0 | -€26,336 | -100.0% |
| Cash at bank and in hand | 54/58 | €255,201 | €348,932 | +€93,732 | +36.7% |
| Deferred charges and accrued income | 490/1 | €366 | €545 | +€178 | +48.7% |
| Total equity and liabilities | 10/49 | €317,421 | €384,162 | +€66,741 | +21.0% |
| Equity | 10/15 | €295,271 | €357,063 | +€61,792 | +20.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €285,271 | €347,063 | +€61,792 | +21.7% |
| Distributable reserves | 133 | €285,271 | €347,063 | +€61,792 | +21.7% |
| Amounts payable | 17/49 | €22,150 | €27,099 | +€4,949 | +22.3% |
| Amounts payable within one year | 42/48 | €21,290 | €26,255 | +€4,966 | +23.3% |
| Trade debts | 44 | €5,034 | €4,885 | -€149 | -3.0% |
| Suppliers | 440/4 | €5,034 | €4,885 | -€149 | -3.0% |
| Taxes, remuneration and social security | 45 | €4,035 | €7,614 | +€3,579 | +88.7% |
| Taxes | 450/3 | €4,035 | €7,614 | +€3,579 | +88.7% |
| Other amounts payable | 47/48 | €12,220 | €13,756 | +€1,536 | +12.6% |
| Accrued charges and deferred income | 492/3 | €860 | €844 | -€16 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,801 | €833 | -€7,968 | -90.5% |
| Other operating charges | 640/8 | €584 | €603 | +€19 | +3.3% |
| Gross operating margin | 9900 | €95,046 | €86,618 | -€8,428 | -8.9% |
| Operating profit (loss) | 9901 | €85,660 | €85,181 | -€479 | -0.6% |
| Financial income | 75/76B | €676 | €1,579 | +€903 | +133.6% |
| Recurring financial income | 75 | €676 | €1,579 | +€903 | +133.6% |
| Financial charges | 65/66B | €928 | €916 | -€11 | -1.2% |
| Recurring financial charges | 65 | €928 | €916 | -€11 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €85,409 | €85,844 | +€436 | +0.5% |
| Income taxes | 67/77 | €24,238 | €24,052 | -€186 | -0.8% |
| Profit (loss) for the period | 9904 | €61,171 | €61,792 | +€621 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,171 | €61,792 | +€621 | +1.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.