HVOW CONSULT: 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.
HVOW CONSULT
Largest movements
- Receivables within one year +€41,741
up €41,741 (+36.8%), from €113,432 to €155,174
of which Other amounts receivable: +€35,849
- Tangible fixed assets -€6,642
down €6,642 (-22.0%), from €30,152 to €23,510
of which Furniture and vehicles: -€5,566
- Cash +€6,004
up €6,004 (+7.6%), from €79,239 to €85,243
mainly Other debts (+€181,000) and Net result for the year (+€36,779)
- Other debts +€181,000
up €181,000 (+36,200%), from €500 to €181,500
- Profit (loss) carried forward -€143,221
down €143,221 (-58.6%), from €244,421 to €101,200
- Tax, wage and social debts +€18,093
up €18,093 (+102%), from €17,673 to €35,766
- Trade debts -€17,245
down €17,245 (-100%), from €17,245 to €0
- Financial income -€3,784
down €3,784 (-76.6%), from €4,941 to €1,157
- Depreciation +€1,923
up €1,923 (+39.5%), from €4,867 to €6,790
- Taxes -€974
down €974 (-7.1%), from €13,809 to €12,835
- Gross operating margin -€896
down €896 (-1.5%), from €60,994 to €60,098
- Other operating charges +€812
up €812 (+134%), from €608 to €1,420
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 | €284,339 | €323,227 | +€38,888 | +13.7% |
| Fixed assets | 21/28 | €30,152 | €23,510 | -€6,642 | -22.0% |
| Tangible fixed assets | 22/27 | €30,152 | €23,510 | -€6,642 | -22.0% |
| Furniture and vehicles | 24 | €20,662 | €15,096 | -€5,566 | -26.9% |
| Other tangible fixed assets | 26 | €9,490 | €8,414 | -€1,076 | -11.3% |
| Current assets | 29/58 | €254,187 | €299,717 | +€45,530 | +17.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €113,432 | €155,174 | +€41,741 | +36.8% |
| Trade receivables | 40 | €27,405 | €33,298 | +€5,893 | +21.5% |
| Other amounts receivable | 41 | €86,027 | €121,876 | +€35,849 | +41.7% |
| Cash at bank and in hand | 54/58 | €79,239 | €85,243 | +€6,004 | +7.6% |
| Deferred charges and accrued income | 490/1 | €11,515 | €9,300 | -€2,215 | -19.2% |
| Total equity and liabilities | 10/49 | €284,339 | €323,227 | +€38,888 | +13.7% |
| Equity | 10/15 | €247,921 | €104,700 | -€143,221 | -57.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,421 | €101,200 | -€143,221 | -58.6% |
| Amounts payable | 17/49 | €36,418 | €218,526 | +€182,108 | +500% |
| Amounts payable within one year | 42/48 | €35,418 | €217,266 | +€181,848 | +513% |
| Trade debts | 44 | €17,245 | €0 | -€17,245 | -100% |
| Suppliers | 440/4 | €17,245 | €0 | -€17,245 | -100% |
| Taxes, remuneration and social security | 45 | €17,673 | €35,766 | +€18,093 | +102% |
| Taxes | 450/3 | €17,673 | €35,766 | +€18,093 | +102% |
| Other amounts payable | 47/48 | €500 | €181,500 | +€181,000 | +36,200% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,260 | +€260 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,867 | €6,790 | +€1,923 | +39.5% |
| Other operating charges | 640/8 | €608 | €1,420 | +€812 | +134% |
| Gross operating margin | 9900 | €60,994 | €60,098 | -€896 | -1.5% |
| Operating profit (loss) | 9901 | €55,519 | €51,888 | -€3,631 | -6.5% |
| Financial income | 75/76B | €4,941 | €1,157 | -€3,784 | -76.6% |
| Recurring financial income | 75 | €4,941 | €1,157 | -€3,784 | -76.6% |
| Financial charges | 65/66B | €3,759 | €3,430 | -€328 | -8.7% |
| Recurring financial charges | 65 | €3,759 | €3,430 | -€328 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €56,701 | €49,614 | -€7,087 | -12.5% |
| Income taxes | 67/77 | €13,809 | €12,835 | -€974 | -7.1% |
| Profit (loss) for the period | 9904 | €42,892 | €36,779 | -€6,113 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,892 | €36,779 | -€6,113 | -14.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.