HVIC: 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.
HVIC
Largest movements
- Cash -€331
down €331 (-2.0%), from €16,663 to €16,332
mainly Net result for the year (-€631)
- Deferred charges and accrued income -€299
down €299 (-100.0%), from €299 to €0
- Profit (loss) carried forward -€631
down €631 (-4.8%), from -€13,037 to -€13,668
- Other operating charges -€532
down €532 (-69.4%), from €767 to €235
- Purchases and services +€365
new in 2025: €365
- Gross operating margin -€273
down €273 (-297.8%), from -€92 to -€365
- Financial charges -€59
down €59 (-65.2%), from €91 to €32
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 | €16,963 | €16,332 | -€631 | -3.7% |
| Current assets | 29/58 | €16,963 | €16,332 | -€631 | -3.7% |
| Amounts receivable within one year | 40/41 | €2 | - | -€2 | |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €16,663 | €16,332 | -€331 | -2.0% |
| Deferred charges and accrued income | 490/1 | €299 | €0 | -€299 | -100.0% |
| Total equity and liabilities | 10/49 | €16,963 | €16,332 | -€631 | -3.7% |
| Equity | 10/15 | €16,963 | €16,332 | -€631 | -3.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,037 | -€13,668 | -€631 | -4.8% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €365 | +€365 | |
| Other operating charges | 640/8 | €767 | €235 | -€532 | -69.4% |
| Gross operating margin | 9900 | -€92 | -€365 | -€273 | -297.8% |
| Operating profit (loss) | 9901 | -€859 | -€600 | +€259 | +30.2% |
| Financial charges | 65/66B | €91 | €32 | -€59 | -65.2% |
| Recurring financial charges | 65 | €91 | €32 | -€59 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | -€950 | -€631 | +€319 | +33.6% |
| Profit (loss) for the period | 9904 | -€950 | -€631 | +€319 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€950 | -€631 | +€319 | +33.6% |
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 4 October 2026 via checked.be.