HVH SUPPORT: what changed
Two financial 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 SUPPORT
Largest movements
- Tangible fixed assets +€162,014
up €162,014 (+31,751%), from €510 to €162,524
of which Land and buildings: +€161,637
- Cash +€8,866
up €8,866 (+16.0%), from €55,486 to €64,352
mainly Debts after one year (+€104,797) and Other debts (+€69,552)
- Stocks and contracts -€3,000
down €3,000 (-12.0%), from €25,000 to €22,000
- Debts after one year +€104,797
new in 2025: €104,797
- Other debts +€69,552
up €69,552 (+1,242%), from €5,599 to €75,151
- Profit (loss) carried forward -€10,550
down €10,550 (-12.5%), from €84,555 to €74,005
- Tax, wage and social debts -€9,946
down €9,946 (-97.5%), from €10,197 to €250
- Current portion of long-term debt +€6,733
new in 2025: €6,733
- Gross operating margin -€37,530
down €37,530 (-74.0%), from €50,692 to €13,161
- Other operating charges +€12,171
up €12,171 (+2,139%), from €569 to €12,740
- Taxes -€9,524
down €9,524, from €9,518 to -€6
- Depreciation +€5,787
up €5,787 (+319%), from €1,817 to €7,604
- Financial charges +€2,629
up €2,629 (+349%), from €754 to €3,383
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.
Derived cash bridge
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 | €108,425 | €274,038 | +€165,613 | +153% |
| Fixed assets | 21/28 | €630 | €162,524 | +€161,894 | +25,687% |
| Intangible fixed assets | 21 | €120 | €0 | -€120 | -100% |
| Tangible fixed assets | 22/27 | €510 | €162,524 | +€162,014 | +31,751% |
| Land and buildings | 22 | - | €161,637 | +€161,637 | |
| Plant, machinery and equipment | 23 | €253 | €704 | +€451 | +178% |
| Furniture and vehicles | 24 | €257 | €184 | -€73 | -28.4% |
| Current assets | 29/58 | €107,795 | €111,514 | +€3,719 | +3.4% |
| Stocks and contracts in progress | 3 | €25,000 | €22,000 | -€3,000 | -12.0% |
| Contracts in progress | 37 | €25,000 | €22,000 | -€3,000 | -12.0% |
| Amounts receivable within one year | 40/41 | €26,141 | €23,790 | -€2,351 | -9.0% |
| Trade receivables | 40 | €13,725 | €13,308 | -€417 | -3.0% |
| Other amounts receivable | 41 | €12,416 | €10,482 | -€1,934 | -15.6% |
| Cash at bank and in hand | 54/58 | €55,486 | €64,352 | +€8,866 | +16.0% |
| Deferred charges and accrued income | 490/1 | €1,168 | €1,372 | +€204 | +17.5% |
| Total equity and liabilities | 10/49 | €108,425 | €274,038 | +€165,613 | +153% |
| Equity | 10/15 | €87,555 | €77,005 | -€10,550 | -12.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,555 | €74,005 | -€10,550 | -12.5% |
| Amounts payable | 17/49 | €20,870 | €197,033 | +€176,163 | +844% |
| Amounts payable after more than one year | 17 | - | €104,797 | +€104,797 | |
| Financial debts | 170/4 | - | €104,797 | +€104,797 | |
| Amounts payable within one year | 42/48 | €20,870 | €92,236 | +€71,366 | +342% |
| Current portion of amounts payable after more than one year | 42 | - | €6,733 | +€6,733 | |
| Trade debts | 44 | €5,074 | €10,101 | +€5,027 | +99.1% |
| Suppliers | 440/4 | €5,074 | €10,101 | +€5,027 | +99.1% |
| Taxes, remuneration and social security | 45 | €10,197 | €250 | -€9,946 | -97.5% |
| Taxes | 450/3 | €10,197 | €250 | -€9,946 | -97.5% |
| Other amounts payable | 47/48 | €5,599 | €75,151 | +€69,552 | +1,242% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €7,604 | +€5,787 | +319% |
| Other operating charges | 640/8 | €569 | €12,740 | +€12,171 | +2,139% |
| Gross operating margin | 9900 | €50,692 | €13,161 | -€37,530 | -74.0% |
| Operating profit (loss) | 9901 | €48,306 | -€7,183 | -€55,489 | |
| Financial income | 75/76B | €0 | €10 | +€10 | +50,400% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +50,400% |
| Financial charges | 65/66B | €754 | €3,383 | +€2,629 | +349% |
| Recurring financial charges | 65 | €754 | €3,383 | +€2,629 | +349% |
| Profit (loss) for the period before taxes | 9903 | €47,552 | -€10,556 | -€58,108 | |
| Income taxes | 67/77 | €9,518 | -€6 | -€9,524 | |
| Profit (loss) for the period | 9904 | €38,034 | -€10,550 | -€48,584 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,034 | -€10,550 | -€48,584 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.