HVH-Architecten: what changed
HVH-Architecten
Largest movements
- Tangible fixed assets +€8,361
up €8,361 (+46.9%), from €17,832 to €26,193
of which Furniture and vehicles: +€8,671
- Receivables within one year -€3,414
down €3,414 (-3.9%), from €87,689 to €84,275
of which Trade receivables: -€5,651
- Cash -€2,960
down €2,960 (-94.5%), from €3,132 to €172
mainly Contributions, distributions and other (-€16,468) and Investment in fixed assets (net) (-€13,026)
- Deferred charges and accrued income +€1,360
up €1,360 (+47.3%), from €2,872 to €4,231
- Short-term financial debts +€22,812
new in 2025: €22,812
- Current portion of long-term debt -€9,746
down €9,746 (-67.0%), from €14,539 to €4,793
- Debts after one year -€4,793
down €4,793 (-24.1%), from €19,879 to €15,087
- Other debts -€4,532
down €4,532 (-21.6%), from €21,000 to €16,468
- Staff costs +€25,777
up €25,777 (+45.5%), from €56,619 to €82,395
- Gross operating margin +€17,995
up €17,995 (+18.7%), from €96,093 to €114,088
- Depreciation -€1,701
down €1,701 (-26.7%), from €6,365 to €4,665
- Taxes -€1,351
down €1,351 (-15.9%), from €8,516 to €7,166
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 | €111,979 | €115,326 | +€3,347 | +3.0% |
| Fixed assets | 21/28 | €18,287 | €26,648 | +€8,361 | +45.7% |
| Tangible fixed assets | 22/27 | €17,832 | €26,193 | +€8,361 | +46.9% |
| Plant, machinery and equipment | 23 | €2,607 | €2,297 | -€310 | -11.9% |
| Furniture and vehicles | 24 | €15,224 | €23,895 | +€8,671 | +57.0% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €93,693 | €88,679 | -€5,014 | -5.4% |
| Amounts receivable within one year | 40/41 | €87,689 | €84,275 | -€3,414 | -3.9% |
| Trade receivables | 40 | €81,222 | €75,571 | -€5,651 | -7.0% |
| Other amounts receivable | 41 | €6,467 | €8,704 | +€2,237 | +34.6% |
| Cash at bank and in hand | 54/58 | €3,132 | €172 | -€2,960 | -94.5% |
| Deferred charges and accrued income | 490/1 | €2,872 | €4,231 | +€1,360 | +47.3% |
| Total equity and liabilities | 10/49 | €111,979 | €115,326 | +€3,347 | +3.0% |
| Equity | 10/15 | €18,703 | €18,703 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103 | €103 | = | 0.0% |
| Distributable reserves | 133 | €103 | €103 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,276 | €96,624 | +€3,347 | +3.6% |
| Amounts payable after more than one year | 17 | €19,879 | €15,087 | -€4,793 | -24.1% |
| Financial debts | 170/4 | €19,879 | €15,087 | -€4,793 | -24.1% |
| Amounts payable within one year | 42/48 | €73,397 | €81,537 | +€8,140 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €14,539 | €4,793 | -€9,746 | -67.0% |
| Financial debts | 43 | - | €22,812 | +€22,812 | |
| Credit institutions | 430/8 | - | €22,812 | +€22,812 | |
| Trade debts | 44 | €5,674 | €4,746 | -€928 | -16.4% |
| Suppliers | 440/4 | €5,674 | €4,746 | -€928 | -16.4% |
| Taxes, remuneration and social security | 45 | €32,185 | €32,718 | +€533 | +1.7% |
| Taxes | 450/3 | €20,313 | €16,621 | -€3,692 | -18.2% |
| Remuneration and social security | 454/9 | €11,872 | €16,097 | +€4,225 | +35.6% |
| Other amounts payable | 47/48 | €21,000 | €16,468 | -€4,532 | -21.6% |
| Remuneration, social security and pensions | 62 | €56,619 | €82,395 | +€25,777 | +45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,365 | €4,665 | -€1,701 | -26.7% |
| Other operating charges | 640/8 | €1,941 | €1,951 | +€10 | +0.5% |
| Gross operating margin | 9900 | €96,093 | €114,088 | +€17,995 | +18.7% |
| Operating profit (loss) | 9901 | €31,168 | €25,077 | -€6,092 | -19.5% |
| Financial income | 75/76B | €827 | €685 | -€142 | -17.2% |
| Recurring financial income | 75 | €827 | €685 | -€142 | -17.2% |
| Financial charges | 65/66B | €2,401 | €2,128 | -€273 | -11.4% |
| Recurring financial charges | 65 | €2,401 | €2,128 | -€273 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €29,594 | €23,634 | -€5,961 | -20.1% |
| Income taxes | 67/77 | €8,516 | €7,166 | -€1,351 | -15.9% |
| Profit (loss) for the period | 9904 | €21,078 | €16,468 | -€4,610 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,078 | €16,468 | -€4,610 | -21.9% |
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.