HVC IMMO: 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.
HVC IMMO
Largest movements
- Tangible fixed assets -€29,732
down €29,732 (-6.5%), from €458,340 to €428,608
- Debts after one year -€27,865
down €27,865 (-6.0%), from €462,903 to €435,038
- Financial charges -€608
down €608 (-6.0%), from €10,052 to €9,444
- Gross operating margin +€466
up €466 (+1.1%), from €40,542 to €41,008
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 | €462,271 | €433,440 | -€28,832 | -6.2% |
| Fixed assets | 21/28 | €458,340 | €428,608 | -€29,732 | -6.5% |
| Tangible fixed assets | 22/27 | €458,340 | €428,608 | -€29,732 | -6.5% |
| Land and buildings | 22 | €458,340 | €428,608 | -€29,732 | -6.5% |
| Current assets | 29/58 | €3,931 | €4,832 | +€901 | +22.9% |
| Amounts receivable within one year | 40/41 | €151 | €48 | -€103 | -68.0% |
| Other amounts receivable | 41 | €151 | €48 | -€103 | -68.0% |
| Cash at bank and in hand | 54/58 | €3,780 | €4,784 | +€1,004 | +26.5% |
| Total equity and liabilities | 10/49 | €462,271 | €433,440 | -€28,832 | -6.2% |
| Equity | 10/15 | -€32,446 | -€33,189 | -€743 | -2.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,446 | -€58,189 | -€743 | -1.3% |
| Amounts payable | 17/49 | €494,717 | €466,629 | -€28,088 | -5.7% |
| Amounts payable after more than one year | 17 | €462,903 | €435,038 | -€27,865 | -6.0% |
| Financial debts | 170/4 | €462,903 | €435,038 | -€27,865 | -6.0% |
| Amounts payable within one year | 42/48 | €31,815 | €31,591 | -€223 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €27,272 | €27,865 | +€593 | +2.2% |
| Trade debts | 44 | €343 | €279 | -€65 | -18.8% |
| Suppliers | 440/4 | €343 | €279 | -€65 | -18.8% |
| Other amounts payable | 47/48 | €4,200 | €3,448 | -€752 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,732 | €29,732 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,760 | €2,575 | -€185 | -6.7% |
| Gross operating margin | 9900 | €40,542 | €41,008 | +€466 | +1.1% |
| Operating profit (loss) | 9901 | €8,050 | €8,700 | +€651 | +8.1% |
| Financial charges | 65/66B | €10,052 | €9,444 | -€608 | -6.0% |
| Recurring financial charges | 65 | €10,052 | €9,444 | -€608 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,002 | -€743 | +€1,258 | +62.9% |
| Profit (loss) for the period | 9904 | -€2,002 | -€743 | +€1,258 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,002 | -€743 | +€1,258 | +62.9% |
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 6 October 2026 via checked.be.