HVendIT: 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.
HVendIT
Largest movements
- Cash +€62,617
up €62,617 (+129.7%), from €48,285 to €110,902
mainly Net result for the year (+€114,751) and Tax, wage and social debts (+€16,736)
- Receivables within one year +€42,731
up €42,731 (+146.6%), from €29,144 to €71,874
of which Trade receivables: +€42,710
- Current investments +€26,400
new in 2025: €26,400
- Tangible fixed assets -€9,253
down €9,253 (-19.6%), from €47,187 to €37,935
of which Furniture and vehicles: -€8,837
- Reserves +€114,751
up €114,751 (+133.0%), from €86,283 to €201,034
- Tax, wage and social debts +€16,736
up €16,736 (+61.4%), from €27,241 to €43,978
- Other debts -€8,198
down €8,198 (-82.7%), from €9,919 to €1,721
- Gross operating margin +€47,705
up €47,705 (+42.7%), from €111,722 to €159,426
- Taxes +€12,087
up €12,087 (+54.7%), from €22,095 to €34,182
- Depreciation +€6,875
up €6,875 (+201.1%), from €3,418 to €10,293
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 | €126,226 | €248,227 | +€122,001 | +96.7% |
| Fixed assets | 21/28 | €47,187 | €37,935 | -€9,253 | -19.6% |
| Tangible fixed assets | 22/27 | €47,187 | €37,935 | -€9,253 | -19.6% |
| Plant, machinery and equipment | 23 | €850 | €434 | -€416 | -48.9% |
| Furniture and vehicles | 24 | €46,338 | €37,501 | -€8,837 | -19.1% |
| Current assets | 29/58 | €79,038 | €210,292 | +€131,254 | +166.1% |
| Amounts receivable within one year | 40/41 | €29,144 | €71,874 | +€42,731 | +146.6% |
| Trade receivables | 40 | €29,144 | €71,854 | +€42,710 | +146.5% |
| Other amounts receivable | 41 | - | €21 | +€21 | |
| Current investments | 50/53 | - | €26,400 | +€26,400 | |
| Cash at bank and in hand | 54/58 | €48,285 | €110,902 | +€62,617 | +129.7% |
| Deferred charges and accrued income | 490/1 | €1,610 | €1,116 | -€494 | -30.7% |
| Total equity and liabilities | 10/49 | €126,226 | €248,227 | +€122,001 | +96.7% |
| Equity | 10/15 | €87,283 | €202,034 | +€114,751 | +131.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €86,283 | €201,034 | +€114,751 | +133.0% |
| Distributable reserves | 133 | €86,283 | €201,034 | +€114,751 | +133.0% |
| Amounts payable | 17/49 | €38,942 | €46,192 | +€7,250 | +18.6% |
| Amounts payable within one year | 42/48 | €37,190 | €46,192 | +€9,002 | +24.2% |
| Trade debts | 44 | €30 | €494 | +€464 | +1548.9% |
| Suppliers | 440/4 | €30 | €494 | +€464 | +1548.9% |
| Taxes, remuneration and social security | 45 | €27,241 | €43,978 | +€16,736 | +61.4% |
| Taxes | 450/3 | €27,241 | €43,978 | +€16,736 | +61.4% |
| Other amounts payable | 47/48 | €9,919 | €1,721 | -€8,198 | -82.7% |
| Accrued charges and deferred income | 492/3 | €1,752 | - | -€1,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,418 | €10,293 | +€6,875 | +201.1% |
| Other operating charges | 640/8 | - | €483 | +€483 | |
| Gross operating margin | 9900 | €111,722 | €159,426 | +€47,705 | +42.7% |
| Operating profit (loss) | 9901 | €108,303 | €148,650 | +€40,346 | +37.3% |
| Financial income | 75/76B | €75 | €398 | +€323 | +430.1% |
| Recurring financial income | 75 | €75 | €398 | +€323 | +430.1% |
| Financial charges | 65/66B | €0 | €115 | +€115 | +38330.0% |
| Recurring financial charges | 65 | €0 | €115 | +€115 | +38330.0% |
| Profit (loss) for the period before taxes | 9903 | €108,378 | €148,933 | +€40,555 | +37.4% |
| Income taxes | 67/77 | €22,095 | €34,182 | +€12,087 | +54.7% |
| Profit (loss) for the period | 9904 | €86,283 | €114,751 | +€28,467 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,283 | €114,751 | +€28,467 | +33.0% |
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 3 October 2026 via checked.be.