HVS MOTORS: what changed
What changed
HVS MOTORS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€141,909
2024 · €112,720+€29,189
Equity
€916,532
2024 · €774,623+€141,909
Cash
€377,897
2024 · €360,335+€17,562
Balance sheet total
€1.0m
2024 · €889,431+€142,246
Largest movements
Assets
- Current investments +€159,081
up €159,081 (+40.5%), from €392,919 to €552,000
- Stocks and contracts -€21,414
down €21,414 (-34.6%), from €61,805 to €40,390
- Cash +€17,562
up €17,562 (+4.9%), from €360,335 to €377,897
mainly Net result for the year (+€141,909) and Stocks and contracts (+€21,414)
Equity and liabilities
- Reserves +€141,909
up €141,909 (+19.9%), from €712,623 to €854,532
- Trade debts -€12,461
down €12,461 (-18.6%), from €67,049 to €54,588
Income statement
- Financial income +€27,599
up €27,599 (+354%), from €7,796 to €35,395
of which Financial income: +€27,753
- Gross operating margin +€18,948
up €18,948 (+7.0%), from €270,399 to €289,346
- Taxes +€14,102
up €14,102 (+30.4%), from €46,368 to €60,471
- Staff costs +€8,358
up €8,358 (+8.1%), from €103,504 to €111,862
- Depreciation -€3,738
down €3,738 (-36.1%), from €10,347 to €6,609
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€112,720
Gross operating margin
+€18,948
Staff costs
-€8,358
Depreciation
+€3,738
Other operating charges
+€648
Financial income
+€27,599
Financial charges
+€716
Taxes
-€14,102
Result 2025
€141,909
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€176,643
Investment
-€159,081
Financing
€0
Cash 2024
€360,335
From operations (derived)
+€176,643
Net result for the year
+€141,909
Depreciation
+€6,609
Stocks and contracts
+€21,414
Receivables within one year
+€7,937
Deferred charges and accrued income
-€1,563
Trade debts
-€12,461
Tax, wage and social debts
+€6,224
Other debts
+€6,958
Accrued charges and deferred income
-€383
Investment (derived)
-€159,081
Current investments
-€159,081
Cash 2025
€377,897
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €889,431 | €1,031,678 | +€142,246 | +16.0% |
| Fixed assets | 21/28 | €42,915 | €36,306 | -€6,609 | -15.4% |
| Tangible fixed assets | 22/27 | €42,915 | €36,306 | -€6,609 | -15.4% |
| Land and buildings | 22 | €37,146 | €31,827 | -€5,320 | -14.3% |
| Furniture and vehicles | 24 | €5,768 | €4,480 | -€1,289 | -22.3% |
| Current assets | 29/58 | €846,516 | €995,372 | +€148,855 | +17.6% |
| Stocks and contracts in progress | 3 | €61,805 | €40,390 | -€21,414 | -34.6% |
| Stocks | 30/36 | €61,805 | €40,390 | -€21,414 | -34.6% |
| Amounts receivable within one year | 40/41 | €29,307 | €21,370 | -€7,937 | -27.1% |
| Trade receivables | 40 | €27,537 | €20,982 | -€6,555 | -23.8% |
| Other amounts receivable | 41 | €1,770 | €388 | -€1,382 | -78.1% |
| Current investments | 50/53 | €392,919 | €552,000 | +€159,081 | +40.5% |
| Cash at bank and in hand | 54/58 | €360,335 | €377,897 | +€17,562 | +4.9% |
| Deferred charges and accrued income | 490/1 | €2,151 | €3,714 | +€1,563 | +72.7% |
| Total equity and liabilities | 10/49 | €889,431 | €1,031,678 | +€142,246 | +16.0% |
| Equity | 10/15 | €774,623 | €916,532 | +€141,909 | +18.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €712,623 | €854,532 | +€141,909 | +19.9% |
| Distributable reserves | 133 | €712,623 | €854,532 | +€141,909 | +19.9% |
| Amounts payable | 17/49 | €114,809 | €115,146 | +€337 | +0.3% |
| Amounts payable within one year | 42/48 | €114,425 | €115,146 | +€721 | +0.6% |
| Trade debts | 44 | €67,049 | €54,588 | -€12,461 | -18.6% |
| Suppliers | 440/4 | €67,049 | €54,588 | -€12,461 | -18.6% |
| Taxes, remuneration and social security | 45 | €34,092 | €40,316 | +€6,224 | +18.3% |
| Taxes | 450/3 | €22,620 | €25,228 | +€2,607 | +11.5% |
| Remuneration and social security | 454/9 | €11,472 | €15,089 | +€3,617 | +31.5% |
| Other amounts payable | 47/48 | €13,284 | €20,241 | +€6,958 | +52.4% |
| Accrued charges and deferred income | 492/3 | €383 | - | -€383 | |
| Remuneration, social security and pensions | 62 | €103,504 | €111,862 | +€8,358 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,347 | €6,609 | -€3,738 | -36.1% |
| Other operating charges | 640/8 | €4,130 | €3,482 | -€648 | -15.7% |
| Gross operating margin | 9900 | €270,399 | €289,346 | +€18,948 | +7.0% |
| Operating profit (loss) | 9901 | €152,418 | €167,394 | +€14,976 | +9.8% |
| Financial income | 75/76B | €7,796 | €35,395 | +€27,599 | +354% |
| Recurring financial income | 75 | €7,642 | €35,395 | +€27,753 | +363% |
| Non-recurring financial income | 76B | €154 | - | -€154 | |
| Financial charges | 65/66B | €1,125 | €409 | -€716 | -63.6% |
| Recurring financial charges | 65 | €1,125 | €409 | -€716 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €159,089 | €202,380 | +€43,291 | +27.2% |
| Income taxes | 67/77 | €46,368 | €60,471 | +€14,102 | +30.4% |
| Profit (loss) for the period | 9904 | €112,720 | €141,909 | +€29,189 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,720 | €141,909 | +€29,189 | +25.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.