HVH Services: 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.
HVH Services
Largest movements
- Tangible fixed assets -€10,232
down €10,232 (-25.4%), from €40,347 to €30,115
of which Furniture and vehicles: -€10,038
- Cash -€4,293
down €4,293 (-91.6%), from €4,684 to €392
mainly Net result for the year (-€10,607) and Debts after one year (-€3,914)
- Receivables within one year +€3,561
up €3,561 (+18.6%), from €19,186 to €22,746
of which Other amounts receivable: +€6,063
- Profit (loss) carried forward -€10,607
down €10,607 (-75.8%), from -€13,994 to -€24,601
- Other debts +€6,191
up €6,191 (+61.5%), from €10,073 to €16,264
- Debts after one year -€3,914
down €3,914 (-27.1%), from €14,418 to €10,504
- Trade debts -€1,847
down €1,847 (-66.7%), from €2,769 to €922
- Gross operating margin -€44,344
down €44,344 (-99.2%), from €44,696 to €352
- Financial income +€775
up €775, from €0 to €775
of which Financial income: +€775
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 | €64,217 | €53,253 | -€10,964 | -17.1% |
| Fixed assets | 21/28 | €40,347 | €30,115 | -€10,232 | -25.4% |
| Tangible fixed assets | 22/27 | €40,347 | €30,115 | -€10,232 | -25.4% |
| Plant, machinery and equipment | 23 | €194 | €0 | -€194 | -100.0% |
| Furniture and vehicles | 24 | €40,153 | €30,115 | -€10,038 | -25.0% |
| Current assets | 29/58 | €23,870 | €23,138 | -€732 | -3.1% |
| Amounts receivable within one year | 40/41 | €19,186 | €22,746 | +€3,561 | +18.6% |
| Trade receivables | 40 | €7,502 | €5,000 | -€2,502 | -33.4% |
| Other amounts receivable | 41 | €11,684 | €17,746 | +€6,063 | +51.9% |
| Cash at bank and in hand | 54/58 | €4,684 | €392 | -€4,293 | -91.6% |
| Total equity and liabilities | 10/49 | €64,217 | €53,253 | -€10,964 | -17.1% |
| Equity | 10/15 | €31,275 | €20,669 | -€10,607 | -33.9% |
| Reserves | 13 | €45,269 | €45,269 | = | 0.0% |
| Distributable reserves | 133 | €45,269 | €45,269 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,994 | -€24,601 | -€10,607 | -75.8% |
| Amounts payable | 17/49 | €32,941 | €32,584 | -€357 | -1.1% |
| Amounts payable after more than one year | 17 | €14,418 | €10,504 | -€3,914 | -27.1% |
| Financial debts | 170/4 | €14,418 | €10,504 | -€3,914 | -27.1% |
| Amounts payable within one year | 42/48 | €18,523 | €22,080 | +€3,557 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €4,423 | €3,914 | -€509 | -11.5% |
| Trade debts | 44 | €2,769 | €922 | -€1,847 | -66.7% |
| Suppliers | 440/4 | €2,769 | €922 | -€1,847 | -66.7% |
| Taxes, remuneration and social security | 45 | €1,258 | €980 | -€278 | -22.1% |
| Taxes | 450/3 | €1,258 | €980 | -€278 | -22.1% |
| Other amounts payable | 47/48 | €10,073 | €16,264 | +€6,191 | +61.5% |
| Non-recurring operating income | 76A | - | €9 | +€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,409 | €10,232 | -€177 | -1.7% |
| Other operating charges | 640/8 | €704 | €625 | -€80 | -11.3% |
| Non-recurring operating charges | 66A | €8,769 | €0 | -€8,769 | -100.0% |
| Gross operating margin | 9900 | €44,696 | €352 | -€44,344 | -99.2% |
| Operating profit (loss) | 9901 | €24,813 | -€10,505 | -€35,318 | |
| Financial income | 75/76B | €0 | €775 | +€775 | |
| Recurring financial income | 75 | €0 | €775 | +€775 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €653 | €724 | +€71 | +10.9% |
| Recurring financial charges | 65 | €653 | €724 | +€71 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €24,160 | -€10,454 | -€34,614 | |
| Income taxes | 67/77 | €120 | €152 | +€32 | +26.8% |
| Profit (loss) for the period | 9904 | €24,040 | -€10,607 | -€34,647 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,040 | -€10,607 | -€34,647 |
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 7 October 2026 via checked.be.