HVE MECHANICS: what changed
What changed
HVE MECHANICS
NACE 33.120, Repair and maintenance of machinery
filed annual accounts (NBB)
Net result for the year
€26,364
2024 · €21,855+€4,510
Equity
€142,821
2024 · €116,457+€26,364
Cash
€22,244
2024 · -+€22,244
Balance sheet total
€620,628
2024 · €569,025+€51,603
Largest movements
Assets
- Tangible fixed assets +€41,777
up €41,777 (+7.8%), from €534,509 to €576,286
of which Furniture and vehicles: +€42,723
- Cash +€22,244
new in 2025: €22,244
mainly Depreciation (+€43,526) and Net result for the year (+€26,364)
- Receivables within one year -€7,242
down €7,242 (-29.7%), from €24,412 to €17,170
of which Trade receivables: -€8,234
Equity and liabilities
- Reserves +€26,364
up €26,364 (+23.7%), from €111,457 to €137,821
- Tax, wage and social debts +€16,885
up €16,885 (+355%), from €4,758 to €21,643
- Debts after one year +€15,996
up €15,996 (+4.1%), from €392,880 to €408,876
Income statement
- Gross operating margin +€10,731
up €10,731 (+11.9%), from €90,473 to €101,204
- Depreciation +€4,277
up €4,277 (+10.9%), from €39,249 to €43,526
- Taxes +€1,245
up €1,245 (+13.5%), from €9,229 to €10,474
- Other operating charges +€1,178
up €1,178 (+165%), from €714 to €1,892
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€21,855
Gross operating margin
+€10,731
Depreciation
-€4,277
Other operating charges
-€1,178
Financial income
-€185
Financial charges
+€663
Taxes
-€1,245
Result 2025
€26,364
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€93,267
Investment
-€85,303
Financing
+€14,280
Cash 2024
€0
From operations (derived)
+€93,267
Net result for the year
+€26,364
Depreciation
+€43,526
Receivables within one year
+€7,242
Deferred charges and accrued income
+€5,176
Trade debts
-€6,183
Tax, wage and social debts
+€16,885
Other debts
+€257
Investment (derived)
-€85,303
Investment in fixed assets (net)
-€85,303
Financing
+€14,280
Debts after one year
+€15,996
Current portion of long-term debt
+€4,356
Short-term financial debts
-€6,072
Cash 2025
€22,244
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €569,025 | €620,628 | +€51,603 | +9.1% |
| Fixed assets | 21/28 | €534,509 | €576,286 | +€41,777 | +7.8% |
| Tangible fixed assets | 22/27 | €534,509 | €576,286 | +€41,777 | +7.8% |
| Land and buildings | 22 | €466,338 | €467,261 | +€923 | +0.2% |
| Plant, machinery and equipment | 23 | €28,690 | €26,821 | -€1,868 | -6.5% |
| Furniture and vehicles | 24 | €39,481 | €82,204 | +€42,723 | +108% |
| Current assets | 29/58 | €34,516 | €44,342 | +€9,826 | +28.5% |
| Stocks and contracts in progress | 3 | €2,691 | €2,691 | = | 0.0% |
| Stocks | 30/36 | €2,691 | €2,691 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,412 | €17,170 | -€7,242 | -29.7% |
| Trade receivables | 40 | €22,157 | €13,923 | -€8,234 | -37.2% |
| Other amounts receivable | 41 | €2,255 | €3,247 | +€992 | +44.0% |
| Cash at bank and in hand | 54/58 | - | €22,244 | +€22,244 | |
| Deferred charges and accrued income | 490/1 | €7,413 | €2,237 | -€5,176 | -69.8% |
| Total equity and liabilities | 10/49 | €569,025 | €620,628 | +€51,603 | +9.1% |
| Equity | 10/15 | €116,457 | €142,821 | +€26,364 | +22.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,457 | €137,821 | +€26,364 | +23.7% |
| Distributable reserves | 133 | €111,457 | €137,821 | +€26,364 | +23.7% |
| Amounts payable | 17/49 | €452,568 | €477,807 | +€25,239 | +5.6% |
| Amounts payable after more than one year | 17 | €392,880 | €408,876 | +€15,996 | +4.1% |
| Financial debts | 170/4 | €392,880 | €408,876 | +€15,996 | +4.1% |
| Amounts payable within one year | 42/48 | €59,688 | €68,931 | +€9,243 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €32,028 | €36,384 | +€4,356 | +13.6% |
| Financial debts | 43 | €6,072 | €0 | -€6,072 | -100% |
| Credit institutions | 430/8 | €6,072 | €0 | -€6,072 | -100% |
| Trade debts | 44 | €16,830 | €10,647 | -€6,183 | -36.7% |
| Suppliers | 440/4 | €16,830 | €10,647 | -€6,183 | -36.7% |
| Taxes, remuneration and social security | 45 | €4,758 | €21,643 | +€16,885 | +355% |
| Taxes | 450/3 | €4,758 | €21,643 | +€16,885 | +355% |
| Other amounts payable | 47/48 | - | €257 | +€257 | |
| Non-recurring operating income | 76A | €2,989 | €0 | -€2,989 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,249 | €43,526 | +€4,277 | +10.9% |
| Other operating charges | 640/8 | €714 | €1,892 | +€1,178 | +165% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €90,473 | €101,204 | +€10,731 | +11.9% |
| Operating profit (loss) | 9901 | €50,510 | €55,786 | +€5,276 | +10.4% |
| Financial income | 75/76B | €190 | €5 | -€185 | -97.3% |
| Recurring financial income | 75 | €190 | €5 | -€185 | -97.3% |
| Financial charges | 65/66B | €19,617 | €18,953 | -€663 | -3.4% |
| Recurring financial charges | 65 | €19,617 | €18,953 | -€663 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €31,084 | €36,838 | +€5,755 | +18.5% |
| Income taxes | 67/77 | €9,229 | €10,474 | +€1,245 | +13.5% |
| Profit (loss) for the period | 9904 | €21,855 | €26,364 | +€4,510 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,855 | €26,364 | +€4,510 | +20.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.