HVE Service: what changed
HVE Service
Largest movements
- Receivables within one year +€339,151
up €339,151 (+351%), from €96,554 to €435,705
of which Trade receivables: +€332,609
- Tangible fixed assets +€145,226
up €145,226 (+1,832%), from €7,927 to €153,153
of which Furniture and vehicles: +€89,844
- Cash +€86,990
up €86,990 (+1,005%), from €8,654 to €95,644
mainly Net result for the year (+€269,852) and Trade debts (+€179,469)
- Profit (loss) carried forward +€269,852
up €269,852 (+881%), from €30,613 to €300,465
- Trade debts +€179,469
up €179,469 (+289%), from €62,013 to €241,482
- Tax, wage and social debts +€126,651
up €126,651 (+1,035%), from €12,240 to €138,892
of which Taxes: +€106,054
- Gross operating margin +€675,780
up €675,780 (+888%), from €76,090 to €751,870
- Staff costs +€333,202
up €333,202 (+909%), from €36,642 to €369,845
- Taxes +€84,377
up €84,377 (+1,076%), from €7,843 to €92,220
- Depreciation +€16,598
up €16,598 (+22,781%), from €73 to €16,671
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,860 | €692,734 | +€576,874 | +498% |
| Fixed assets | 21/28 | €10,251 | €156,876 | +€146,626 | +1,430% |
| Tangible fixed assets | 22/27 | €7,927 | €153,153 | +€145,226 | +1,832% |
| Land and buildings | 22 | - | €4,496 | +€4,496 | |
| Plant, machinery and equipment | 23 | - | €50,886 | +€50,886 | |
| Furniture and vehicles | 24 | €7,927 | €97,771 | +€89,844 | +1,133% |
| Financial fixed assets | 28 | €2,323 | €3,723 | +€1,400 | +60.3% |
| Current assets | 29/58 | €105,610 | €535,858 | +€430,248 | +407% |
| Amounts receivable within one year | 40/41 | €96,554 | €435,705 | +€339,151 | +351% |
| Trade receivables | 40 | €92,248 | €424,857 | +€332,609 | +361% |
| Other amounts receivable | 41 | €4,306 | €10,848 | +€6,542 | +152% |
| Cash at bank and in hand | 54/58 | €8,654 | €95,644 | +€86,990 | +1,005% |
| Deferred charges and accrued income | 490/1 | €402 | €4,509 | +€4,107 | +1,023% |
| Total equity and liabilities | 10/49 | €115,860 | €692,734 | +€576,874 | +498% |
| Equity | 10/15 | €33,113 | €302,965 | +€269,852 | +815% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,613 | €300,465 | +€269,852 | +881% |
| Amounts payable | 17/49 | €82,747 | €389,769 | +€307,022 | +371% |
| Amounts payable within one year | 42/48 | €82,747 | €389,769 | +€307,022 | +371% |
| Trade debts | 44 | €62,013 | €241,482 | +€179,469 | +289% |
| Suppliers | 440/4 | €62,013 | €241,482 | +€179,469 | +289% |
| Taxes, remuneration and social security | 45 | €12,240 | €138,892 | +€126,651 | +1,035% |
| Taxes | 450/3 | €7,892 | €113,946 | +€106,054 | +1,344% |
| Remuneration and social security | 454/9 | €4,348 | €24,946 | +€20,597 | +474% |
| Other amounts payable | 47/48 | €8,493 | €9,395 | +€902 | +10.6% |
| Remuneration, social security and pensions | 62 | €36,642 | €369,845 | +€333,202 | +909% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73 | €16,671 | +€16,598 | +22,781% |
| Other operating charges | 640/8 | €76 | €408 | +€331 | +436% |
| Gross operating margin | 9900 | €76,090 | €751,870 | +€675,780 | +888% |
| Operating profit (loss) | 9901 | €39,298 | €364,946 | +€325,648 | +829% |
| Financial income | 75/76B | €12 | €7 | -€5 | -39.1% |
| Recurring financial income | 75 | €12 | €7 | -€5 | -39.1% |
| Financial charges | 65/66B | €853 | €2,881 | +€2,028 | +238% |
| Recurring financial charges | 65 | €853 | €2,881 | +€2,028 | +238% |
| Profit (loss) for the period before taxes | 9903 | €38,457 | €362,072 | +€323,616 | +842% |
| Income taxes | 67/77 | €7,843 | €92,220 | +€84,377 | +1,076% |
| Profit (loss) for the period | 9904 | €30,613 | €269,852 | +€239,239 | +781% |
| Profit (loss) for the period to be appropriated | 9905 | €30,613 | €269,852 | +€239,239 | +781% |
Next steps
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 3 November 2026 via checked.be.