HVID: 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.
HVID
Largest movements
- Receivables within one year +€339,489
up €339,489 (+49.5%), from €686,480 to €1.0m
of which Trade receivables: +€310,987
- Cash +€276,705
up €276,705 (+64.9%), from €426,036 to €702,741
mainly Net result for the year (+€344,036) and Trade debts (+€322,589)
- Stocks and contracts +€25,821
up €25,821 (+17.0%), from €152,236 to €178,057
- Tangible fixed assets -€20,057
down €20,057 (-19.7%), from €101,817 to €81,760
of which Plant, machinery and equipment: -€39,744
- Trade debts +€322,589
up €322,589 (+580%), from €55,615 to €378,204
- Other debts +€192,084
up €192,084 (+77.4%), from €248,117 to €440,201
- Reserves +€143,000
up €143,000 (+15.3%), from €932,100 to €1.1m
of which Distributable reserves: +€143,100
- Debts after one year -€39,889
down €39,889 (-76.3%), from €52,270 to €12,381
- Gross operating margin -€56,260
down €56,260 (-9.3%), from €604,778 to €548,518
- Staff costs +€25,898
up €25,898 (+38.7%), from €66,853 to €92,751
- Taxes -€13,006
down €13,006 (-17.0%), from €76,569 to €63,563
- Financial income +€9,519
up €9,519 (+94.8%), from €10,042 to €19,562
- Financial charges +€6,138
up €6,138 (+62.1%), from €9,886 to €16,024
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,367,646 | €1,992,144 | +€624,499 | +45.7% |
| Fixed assets | 21/28 | €102,894 | €82,005 | -€20,890 | -20.3% |
| Intangible fixed assets | 21 | €1,077 | €244 | -€833 | -77.3% |
| Tangible fixed assets | 22/27 | €101,817 | €81,760 | -€20,057 | -19.7% |
| Plant, machinery and equipment | 23 | €93,408 | €53,664 | -€39,744 | -42.5% |
| Furniture and vehicles | 24 | €8,410 | €28,096 | +€19,687 | +234% |
| Current assets | 29/58 | €1,264,751 | €1,910,140 | +€645,388 | +51.0% |
| Stocks and contracts in progress | 3 | €152,236 | €178,057 | +€25,821 | +17.0% |
| Stocks | 30/36 | €152,236 | €178,057 | +€25,821 | +17.0% |
| Amounts receivable within one year | 40/41 | €686,480 | €1,025,969 | +€339,489 | +49.5% |
| Trade receivables | 40 | €148,201 | €459,188 | +€310,987 | +210% |
| Other amounts receivable | 41 | €538,279 | €566,781 | +€28,502 | +5.3% |
| Cash at bank and in hand | 54/58 | €426,036 | €702,741 | +€276,705 | +64.9% |
| Deferred charges and accrued income | 490/1 | €0 | €3,372 | +€3,372 | |
| Total equity and liabilities | 10/49 | €1,367,646 | €1,992,144 | +€624,499 | +45.7% |
| Equity | 10/15 | €934,119 | €1,078,154 | +€144,036 | +15.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €932,100 | €1,075,100 | +€143,000 | +15.3% |
| Non-distributable reserves | 130/1 | €100 | €0 | -€100 | -100% |
| Reserves not available under the articles | 1311 | €100 | €0 | -€100 | -100% |
| Distributable reserves | 133 | €932,000 | €1,075,100 | +€143,100 | +15.4% |
| Profit (loss) carried forward | 14 | €1,019 | €2,054 | +€1,036 | +102% |
| Amounts payable | 17/49 | €433,527 | €913,990 | +€480,463 | +111% |
| Amounts payable after more than one year | 17 | €52,270 | €12,381 | -€39,889 | -76.3% |
| Financial debts | 170/4 | €52,270 | €12,381 | -€39,889 | -76.3% |
| Amounts payable within one year | 42/48 | €377,008 | €901,282 | +€524,274 | +139% |
| Current portion of amounts payable after more than one year | 42 | €42,380 | €39,889 | -€2,491 | -5.9% |
| Trade debts | 44 | €55,615 | €378,204 | +€322,589 | +580% |
| Suppliers | 440/4 | €55,615 | €378,204 | +€322,589 | +580% |
| Advances received on contracts in progress | 46 | - | €615 | +€615 | |
| Taxes, remuneration and social security | 45 | €30,896 | €42,373 | +€11,477 | +37.1% |
| Taxes | 450/3 | €16,405 | €23,137 | +€6,732 | +41.0% |
| Remuneration and social security | 454/9 | €14,491 | €19,236 | +€4,745 | +32.7% |
| Other amounts payable | 47/48 | €248,117 | €440,201 | +€192,084 | +77.4% |
| Accrued charges and deferred income | 492/3 | €4,248 | €327 | -€3,922 | -92.3% |
| Remuneration, social security and pensions | 62 | €66,853 | €92,751 | +€25,898 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,125 | €47,420 | +€1,296 | +2.8% |
| Other operating charges | 640/8 | €1,376 | €4,277 | +€2,901 | +211% |
| Non-recurring operating charges | 66A | - | €9 | +€9 | |
| Gross operating margin | 9900 | €604,778 | €548,518 | -€56,260 | -9.3% |
| Operating profit (loss) | 9901 | €490,423 | €404,061 | -€86,363 | -17.6% |
| Financial income | 75/76B | €10,042 | €19,562 | +€9,519 | +94.8% |
| Recurring financial income | 75 | €10,042 | €19,562 | +€9,519 | +94.8% |
| Financial charges | 65/66B | €9,886 | €16,024 | +€6,138 | +62.1% |
| Recurring financial charges | 65 | €9,886 | €16,024 | +€6,138 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €490,580 | €407,598 | -€82,981 | -16.9% |
| Income taxes | 67/77 | €76,569 | €63,563 | -€13,006 | -17.0% |
| Profit (loss) for the period | 9904 | €414,010 | €344,036 | -€69,975 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €414,010 | €344,036 | -€69,975 | -16.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.