HVP Management: 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.
HVP Management
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€207,365
down €207,365 (-22.3%), from €928,186 to €720,821
- Profit (loss) carried forward +€184,526
up €184,526 (+120%), from €153,628 to €338,154
- Financial charges +€4,559
up €4,559 (+12.1%), from €37,573 to €42,132
- Gross operating margin -€1,066
down €1,066 (-60.3%), from -€1,768 to -€2,835
- Other operating charges -€109
down €109 (-17.6%), from €616 to €507
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 | €1,749,382 | €1,737,487 | -€11,895 | -0.7% |
| Fixed assets | 21/28 | €1,582,000 | €1,582,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,582,000 | €1,582,000 | = | 0.0% |
| Current assets | 29/58 | €167,382 | €155,487 | -€11,895 | -7.1% |
| Cash at bank and in hand | 54/58 | €167,382 | €155,487 | -€11,895 | -7.1% |
| Total equity and liabilities | 10/49 | €1,749,382 | €1,737,487 | -€11,895 | -0.7% |
| Equity | 10/15 | €315,628 | €500,154 | +€184,526 | +58.5% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,628 | €338,154 | +€184,526 | +120% |
| Amounts payable | 17/49 | €1,433,754 | €1,237,333 | -€196,421 | -13.7% |
| Amounts payable after more than one year | 17 | €928,186 | €720,821 | -€207,365 | -22.3% |
| Financial debts | 170/4 | €928,186 | €720,821 | -€207,365 | -22.3% |
| Amounts payable within one year | 42/48 | €490,178 | €494,858 | +€4,680 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €220,178 | €224,465 | +€4,287 | +1.9% |
| Trade debts | 44 | - | €393 | +€393 | |
| Suppliers | 440/4 | - | €393 | +€393 | |
| Other amounts payable | 47/48 | €270,000 | €270,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,390 | €21,654 | +€6,264 | +40.7% |
| Other operating charges | 640/8 | €616 | €507 | -€109 | -17.6% |
| Gross operating margin | 9900 | -€1,768 | -€2,835 | -€1,066 | -60.3% |
| Operating profit (loss) | 9901 | -€2,384 | -€3,342 | -€958 | -40.2% |
| Financial income | 75/76B | €230,000 | €230,000 | = | 0.0% |
| Recurring financial income | 75 | €230,000 | €230,000 | = | 0.0% |
| Financial charges | 65/66B | €37,573 | €42,132 | +€4,559 | +12.1% |
| Recurring financial charges | 65 | €37,573 | €42,132 | +€4,559 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €190,043 | €184,526 | -€5,516 | -2.9% |
| Profit (loss) for the period | 9904 | €190,043 | €184,526 | -€5,516 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €190,043 | €184,526 | -€5,516 | -2.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.