HVINCK: 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.
HVINCK
Largest movements
- Cash +€41,074
up €41,074 (+160%), from €25,674 to €66,747
mainly Provisions (+€49,400) and Tax, wage and social debts (+€17,675)
- Deferred charges and accrued income +€4,071
new in 2025: €4,071
- Receivables within one year +€1,504
up €1,504 (+11.2%), from €13,473 to €14,977
of which Other amounts receivable: +€1,900
- Provisions +€49,400
new in 2025: €49,400
- Tax, wage and social debts +€17,675
up €17,675 (+124%), from €14,269 to €31,945
- Profit (loss) carried forward -€15,412
down €15,412, from €473 to -€14,940
- Accrued charges and deferred income -€4,000
down €4,000 (-100%), from €4,000 to €0
- Other debts -€2,955
down €2,955 (-100%), from €2,955 to €0
- Provisions +€49,400
new in 2025: €49,400
- Gross operating margin +€25,026
up €25,026 (+125%), from €20,036 to €45,063
- Taxes +€6,692
up €6,692 (+158%), from €4,227 to €10,918
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 | €39,147 | €85,796 | +€46,648 | +119% |
| Current assets | 29/58 | €39,147 | €85,796 | +€46,648 | +119% |
| Amounts receivable within one year | 40/41 | €13,473 | €14,977 | +€1,504 | +11.2% |
| Trade receivables | 40 | €13,473 | €13,077 | -€396 | -2.9% |
| Other amounts receivable | 41 | - | €1,900 | +€1,900 | |
| Cash at bank and in hand | 54/58 | €25,674 | €66,747 | +€41,074 | +160% |
| Deferred charges and accrued income | 490/1 | - | €4,071 | +€4,071 | |
| Total equity and liabilities | 10/49 | €39,147 | €85,796 | +€46,648 | +119% |
| Equity | 10/15 | €17,473 | €2,060 | -€15,412 | -88.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €473 | -€14,940 | -€15,412 | |
| Provisions and deferred taxes | 16 | - | €49,400 | +€49,400 | |
| Provisions for liabilities and charges | 160/5 | - | €49,400 | +€49,400 | |
| Other liabilities and charges | 164/5 | - | €49,400 | +€49,400 | |
| Amounts payable | 17/49 | €21,675 | €34,335 | +€12,661 | +58.4% |
| Amounts payable within one year | 42/48 | €17,675 | €34,335 | +€16,661 | +94.3% |
| Trade debts | 44 | €450 | €2,390 | +€1,940 | +431% |
| Suppliers | 440/4 | €450 | €2,390 | +€1,940 | +431% |
| Taxes, remuneration and social security | 45 | €14,269 | €31,945 | +€17,675 | +124% |
| Taxes | 450/3 | €14,269 | €31,945 | +€17,675 | +124% |
| Other amounts payable | 47/48 | €2,955 | €0 | -€2,955 | -100% |
| Accrued charges and deferred income | 492/3 | €4,000 | €0 | -€4,000 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €49,400 | +€49,400 | |
| Other operating charges | 640/8 | €322 | €0 | -€322 | -100% |
| Gross operating margin | 9900 | €20,036 | €45,063 | +€25,026 | +125% |
| Operating profit (loss) | 9901 | €19,714 | -€4,337 | -€24,052 | |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €15 | €172 | +€157 | +1,047% |
| Recurring financial charges | 65 | €15 | €172 | +€157 | +1,047% |
| Profit (loss) for the period before taxes | 9903 | €19,699 | -€4,494 | -€24,193 | |
| Income taxes | 67/77 | €4,227 | €10,918 | +€6,692 | +158% |
| Profit (loss) for the period | 9904 | €15,473 | -€15,412 | -€30,885 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,473 | -€15,412 | -€30,885 |
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 19 October 2026 via checked.be.