HVDS Renting: 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.
HVDS Renting
Largest movements
- Tangible fixed assets -€8,624
down €8,624 (-30.8%), from €28,046 to €19,422
of which Furniture and vehicles: -€8,389
- Receivables within one year +€3,512
up €3,512 (+43.0%), from €8,171 to €11,683
- Cash +€916
up €916 (+16.9%), from €5,404 to €6,320
mainly Depreciation (+€8,624) and Other debts (+€7,549)
- Deferred charges and accrued income +€793
new in 2025: €793
- Profit (loss) carried forward -€11,926
down €11,926 (-166%), from -€7,176 to -€19,101
- Other debts +€7,549
up €7,549 (+28.4%), from €26,555 to €34,103
- Current portion of long-term debt -€2,540
down €2,540 (-61.3%), from €4,147 to €1,607
- Advances received +€2,074
new in 2025: €2,074
- Trade debts +€1,585
up €1,585 (+80.0%), from €1,980 to €3,564
- Gross operating margin -€4,532
down €4,532, from €2,576 to -€1,956
- Other operating charges +€285
up €285 (+32.2%), from €883 to €1,168
- Depreciation -€46
down €46 (-0.5%), from €8,671 to €8,624
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 | €41,621 | €38,218 | -€3,403 | -8.2% |
| Fixed assets | 21/28 | €28,046 | €19,422 | -€8,624 | -30.8% |
| Tangible fixed assets | 22/27 | €28,046 | €19,422 | -€8,624 | -30.8% |
| Plant, machinery and equipment | 23 | €710 | €475 | -€235 | -33.1% |
| Furniture and vehicles | 24 | €27,336 | €18,947 | -€8,389 | -30.7% |
| Current assets | 29/58 | €13,575 | €18,796 | +€5,221 | +38.5% |
| Amounts receivable within one year | 40/41 | €8,171 | €11,683 | +€3,512 | +43.0% |
| Trade receivables | 40 | €8,171 | €11,683 | +€3,512 | +43.0% |
| Cash at bank and in hand | 54/58 | €5,404 | €6,320 | +€916 | +16.9% |
| Deferred charges and accrued income | 490/1 | - | €793 | +€793 | |
| Total equity and liabilities | 10/49 | €41,621 | €38,218 | -€3,403 | -8.2% |
| Equity | 10/15 | €3,652 | -€8,274 | -€11,926 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €8,828 | €8,828 | = | 0.0% |
| Distributable reserves | 133 | €8,828 | €8,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,176 | -€19,101 | -€11,926 | -166% |
| Amounts payable | 17/49 | €37,969 | €46,491 | +€8,522 | +22.4% |
| Amounts payable after more than one year | 17 | €1,296 | - | -€1,296 | |
| Financial debts | 170/4 | €1,296 | - | -€1,296 | |
| Amounts payable within one year | 42/48 | €35,853 | €44,891 | +€9,038 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €4,147 | €1,607 | -€2,540 | -61.3% |
| Trade debts | 44 | €1,980 | €3,564 | +€1,585 | +80.0% |
| Suppliers | 440/4 | €1,980 | €3,564 | +€1,585 | +80.0% |
| Advances received on contracts in progress | 46 | - | €2,074 | +€2,074 | |
| Taxes, remuneration and social security | 45 | €3,171 | €3,542 | +€371 | +11.7% |
| Taxes | 450/3 | €1,394 | €3,542 | +€2,148 | +154% |
| Remuneration and social security | 454/9 | €1,777 | - | -€1,777 | |
| Other amounts payable | 47/48 | €26,555 | €34,103 | +€7,549 | +28.4% |
| Accrued charges and deferred income | 492/3 | €820 | €1,600 | +€780 | +95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,671 | €8,624 | -€46 | -0.5% |
| Other operating charges | 640/8 | €883 | €1,168 | +€285 | +32.2% |
| Gross operating margin | 9900 | €2,576 | -€1,956 | -€4,532 | |
| Operating profit (loss) | 9901 | -€6,978 | -€11,748 | -€4,771 | -68.4% |
| Financial income | 75/76B | €19 | €31 | +€12 | +61.4% |
| Recurring financial income | 75 | €19 | €31 | +€12 | +61.4% |
| Financial charges | 65/66B | €217 | €208 | -€9 | -4.2% |
| Recurring financial charges | 65 | €217 | €208 | -€9 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,176 | -€11,926 | -€4,750 | -66.2% |
| Profit (loss) for the period | 9904 | -€7,176 | -€11,926 | -€4,750 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,176 | -€11,926 | -€4,750 | -66.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.