HVLV-SOLUTIONS: 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.
HVLV-SOLUTIONS
Largest movements
- Cash +€37,483
up €37,483 (+177%), from €21,160 to €58,643
mainly Net result for the year (+€44,645) and Depreciation (+€13,563)
- Receivables within one year +€14,988
up €14,988 (+414%), from €3,622 to €18,609
of which Trade receivables: +€9,884
- Tangible fixed assets -€13,563
down €13,563 (-27.1%), from €49,979 to €36,416
of which Furniture and vehicles: -€12,917
- Profit (loss) carried forward +€44,645
up €44,645 (+196%), from €22,796 to €67,440
- Debts after one year -€10,983
down €10,983 (-33.6%), from €32,704 to €21,721
- Tax, wage and social debts +€6,276
up €6,276 (+4,466%), from €141 to €6,417
- Current portion of long-term debt -€1,499
down €1,499 (-12.0%), from €12,481 to €10,983
- Gross operating margin +€63,969
up €63,969 (+958%), from €6,674 to €70,644
- Taxes +€9,621
up €9,621 (+6,845%), from €141 to €9,761
- Depreciation +€2,092
up €2,092 (+18.2%), from €11,472 to €13,563
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 | €75,567 | €114,359 | +€38,792 | +51.3% |
| Fixed assets | 21/28 | €49,979 | €36,416 | -€13,563 | -27.1% |
| Tangible fixed assets | 22/27 | €49,979 | €36,416 | -€13,563 | -27.1% |
| Plant, machinery and equipment | 23 | €711 | €65 | -€646 | -90.8% |
| Furniture and vehicles | 24 | €49,268 | €36,350 | -€12,917 | -26.2% |
| Current assets | 29/58 | €25,588 | €77,943 | +€52,355 | +205% |
| Amounts receivable within one year | 40/41 | €3,622 | €18,609 | +€14,988 | +414% |
| Trade receivables | 40 | €3,486 | €13,371 | +€9,884 | +284% |
| Other amounts receivable | 41 | €136 | €5,239 | +€5,103 | +3,764% |
| Cash at bank and in hand | 54/58 | €21,160 | €58,643 | +€37,483 | +177% |
| Deferred charges and accrued income | 490/1 | €807 | €691 | -€116 | -14.4% |
| Total equity and liabilities | 10/49 | €75,567 | €114,359 | +€38,792 | +51.3% |
| Equity | 10/15 | €23,796 | €68,440 | +€44,645 | +188% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,796 | €67,440 | +€44,645 | +196% |
| Amounts payable | 17/49 | €51,771 | €45,918 | -€5,853 | -11.3% |
| Amounts payable after more than one year | 17 | €32,704 | €21,721 | -€10,983 | -33.6% |
| Financial debts | 170/4 | €32,704 | €21,721 | -€10,983 | -33.6% |
| Amounts payable within one year | 42/48 | €19,067 | €24,197 | +€5,130 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €12,481 | €10,983 | -€1,499 | -12.0% |
| Trade debts | 44 | €176 | €84 | -€91 | -52.1% |
| Suppliers | 440/4 | €176 | €84 | -€91 | -52.1% |
| Taxes, remuneration and social security | 45 | €141 | €6,417 | +€6,276 | +4,466% |
| Taxes | 450/3 | €141 | €6,417 | +€6,276 | +4,466% |
| Other amounts payable | 47/48 | €6,270 | €6,713 | +€443 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,472 | €13,563 | +€2,092 | +18.2% |
| Other operating charges | 640/8 | €325 | €779 | +€454 | +140% |
| Gross operating margin | 9900 | €6,674 | €70,644 | +€63,969 | +958% |
| Operating profit (loss) | 9901 | -€5,122 | €56,302 | +€61,424 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,031 | €1,896 | -€135 | -6.7% |
| Recurring financial charges | 65 | €2,031 | €1,896 | -€135 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,154 | €54,406 | +€61,559 | |
| Income taxes | 67/77 | €141 | €9,761 | +€9,621 | +6,845% |
| Profit (loss) for the period | 9904 | -€7,294 | €44,645 | +€51,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,294 | €44,645 | +€51,939 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.