HV&E SLOCK: 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.
HV&E SLOCK
Largest movements
- Stocks and contracts -€82,933
no longer reported in 2025 (was €82,933)
- Receivables within one year +€32,973
up €32,973 (+41.9%), from €78,702 to €111,675
of which Trade receivables: +€39,573
- Cash +€24,101
up €24,101 (+19.3%), from €124,623 to €148,724
mainly Stocks and contracts (+€82,933) and Net result for the year (+€53,739)
- Tangible fixed assets -€11,509
down €11,509 (-26.1%), from €44,121 to €32,612
of which Furniture and vehicles: -€15,857
- Other debts -€37,335
down €37,335 (-57.4%), from €65,020 to €27,685
- Reserves +€29,500
up €29,500 (+23.7%), from €124,400 to €153,900
- Debts after one year -€12,396
down €12,396 (-59.5%), from €20,838 to €8,442
- Tax, wage and social debts -€9,028
down €9,028 (-32.1%), from €28,106 to €19,077
- Trade debts -€8,462
down €8,462 (-14.5%), from €58,260 to €49,799
- Gross operating margin +€7,780
up €7,780 (+8.2%), from €95,289 to €103,069
- Other operating charges +€4,393
up €4,393 (+832%), from €528 to €4,921
- Financial charges +€2,234
up €2,234 (+49.2%), from €4,545 to €6,779
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 | €330,379 | €293,011 | -€37,368 | -11.3% |
| Fixed assets | 21/28 | €44,121 | €32,612 | -€11,509 | -26.1% |
| Tangible fixed assets | 22/27 | €44,121 | €32,612 | -€11,509 | -26.1% |
| Plant, machinery and equipment | 23 | €3,345 | €7,693 | +€4,348 | +130% |
| Furniture and vehicles | 24 | €40,776 | €24,919 | -€15,857 | -38.9% |
| Current assets | 29/58 | €286,258 | €260,399 | -€25,859 | -9.0% |
| Stocks and contracts in progress | 3 | €82,933 | - | -€82,933 | |
| Contracts in progress | 37 | €82,933 | - | -€82,933 | |
| Amounts receivable within one year | 40/41 | €78,702 | €111,675 | +€32,973 | +41.9% |
| Trade receivables | 40 | €72,102 | €111,675 | +€39,573 | +54.9% |
| Other amounts receivable | 41 | €6,600 | - | -€6,600 | |
| Cash at bank and in hand | 54/58 | €124,623 | €148,724 | +€24,101 | +19.3% |
| Total equity and liabilities | 10/49 | €330,379 | €293,011 | -€37,368 | -11.3% |
| Equity | 10/15 | €146,067 | €175,606 | +€29,539 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,400 | €153,900 | +€29,500 | +23.7% |
| Distributable reserves | 133 | €124,400 | €153,900 | +€29,500 | +23.7% |
| Profit (loss) carried forward | 14 | €3,067 | €3,106 | +€39 | +1.3% |
| Amounts payable | 17/49 | €184,312 | €117,405 | -€66,907 | -36.3% |
| Amounts payable after more than one year | 17 | €20,838 | €8,442 | -€12,396 | -59.5% |
| Financial debts | 170/4 | €20,838 | €8,442 | -€12,396 | -59.5% |
| Amounts payable within one year | 42/48 | €163,474 | €108,963 | -€54,511 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €12,081 | €12,396 | +€314 | +2.6% |
| Financial debts | 43 | €6 | €6 | = | 0.0% |
| Credit institutions | 430/8 | €6 | €6 | = | 0.0% |
| Trade debts | 44 | €58,260 | €49,799 | -€8,462 | -14.5% |
| Suppliers | 440/4 | €58,260 | €49,799 | -€8,462 | -14.5% |
| Taxes, remuneration and social security | 45 | €28,106 | €19,077 | -€9,028 | -32.1% |
| Taxes | 450/3 | €28,106 | €19,077 | -€9,028 | -32.1% |
| Other amounts payable | 47/48 | €65,020 | €27,685 | -€37,335 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,026 | €17,317 | +€291 | +1.7% |
| Other operating charges | 640/8 | €528 | €4,921 | +€4,393 | +832% |
| Gross operating margin | 9900 | €95,289 | €103,069 | +€7,780 | +8.2% |
| Operating profit (loss) | 9901 | €77,735 | €80,831 | +€3,096 | +4.0% |
| Financial income | 75/76B | €0 | €585 | +€585 | +5,853,900% |
| Recurring financial income | 75 | €0 | €585 | +€585 | +5,853,900% |
| Financial charges | 65/66B | €4,545 | €6,779 | +€2,234 | +49.2% |
| Recurring financial charges | 65 | €4,545 | €6,779 | +€2,234 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €73,190 | €74,637 | +€1,447 | +2.0% |
| Income taxes | 67/77 | €21,293 | €20,898 | -€394 | -1.9% |
| Profit (loss) for the period | 9904 | €51,897 | €53,739 | +€1,841 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,897 | €53,739 | +€1,841 | +3.5% |
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 27 October 2026 via checked.be.