FWH Innovation: 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.
FWH Innovation
Largest movements
- Cash -€22,929
down €22,929 (-22.7%), from €101,181 to €78,252
mainly Contributions, distributions and other (-€66,666) and Tax, wage and social debts (-€23,970)
- Receivables within one year -€11,459
down €11,459 (-39.4%), from €29,112 to €17,653
of which Trade receivables: -€10,337
- Tangible fixed assets -€5,870
down €5,870 (-28.5%), from €20,562 to €14,691
- Deferred charges and accrued income -€3,989
down €3,989 (-46.7%), from €8,535 to €4,546
- Profit (loss) carried forward -€26,462
down €26,462 (-38.9%), from €68,041 to €41,579
- Tax, wage and social debts -€23,970
down €23,970 (-72.6%), from €33,009 to €9,039
of which Taxes: -€21,988
- Other debts +€6,852
up €6,852 (+13.3%), from €51,500 to €58,352
- Gross operating margin +€7,185
up €7,185 (+8.2%), from €87,097 to €94,281
- Staff costs +€4,244
up €4,244 (+13.6%), from €31,134 to €35,379
- Taxes -€2,512
down €2,512 (-17.7%), from €14,176 to €11,664
- Depreciation +€2,227
up €2,227 (+61.1%), from €3,643 to €5,870
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 | €159,710 | €115,462 | -€44,247 | -27.7% |
| Fixed assets | 21/28 | €20,882 | €15,011 | -€5,870 | -28.1% |
| Tangible fixed assets | 22/27 | €20,562 | €14,691 | -€5,870 | -28.5% |
| Furniture and vehicles | 24 | €20,562 | €14,691 | -€5,870 | -28.5% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €138,828 | €100,451 | -€38,377 | -27.6% |
| Amounts receivable within one year | 40/41 | €29,112 | €17,653 | -€11,459 | -39.4% |
| Trade receivables | 40 | €21,460 | €11,123 | -€10,337 | -48.2% |
| Other amounts receivable | 41 | €7,652 | €6,530 | -€1,122 | -14.7% |
| Cash at bank and in hand | 54/58 | €101,181 | €78,252 | -€22,929 | -22.7% |
| Deferred charges and accrued income | 490/1 | €8,535 | €4,546 | -€3,989 | -46.7% |
| Total equity and liabilities | 10/49 | €159,710 | €115,462 | -€44,247 | -27.7% |
| Equity | 10/15 | €72,541 | €46,079 | -€26,462 | -36.5% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,041 | €41,579 | -€26,462 | -38.9% |
| Amounts payable | 17/49 | €87,169 | €69,384 | -€17,785 | -20.4% |
| Amounts payable within one year | 42/48 | €87,169 | €69,384 | -€17,785 | -20.4% |
| Trade debts | 44 | €2,660 | €1,993 | -€667 | -25.1% |
| Suppliers | 440/4 | €2,660 | €1,993 | -€667 | -25.1% |
| Taxes, remuneration and social security | 45 | €33,009 | €9,039 | -€23,970 | -72.6% |
| Taxes | 450/3 | €25,659 | €3,671 | -€21,988 | -85.7% |
| Remuneration and social security | 454/9 | €7,350 | €5,368 | -€1,982 | -27.0% |
| Other amounts payable | 47/48 | €51,500 | €58,352 | +€6,852 | +13.3% |
| Remuneration, social security and pensions | 62 | €31,134 | €35,379 | +€4,244 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,643 | €5,870 | +€2,227 | +61.1% |
| Other operating charges | 640/8 | €548 | €396 | -€152 | -27.7% |
| Gross operating margin | 9900 | €87,097 | €94,281 | +€7,185 | +8.2% |
| Operating profit (loss) | 9901 | €51,772 | €52,636 | +€865 | +1.7% |
| Financial income | 75/76B | €519 | - | -€519 | |
| Recurring financial income | 75 | €519 | - | -€519 | |
| Financial charges | 65/66B | €481 | €768 | +€287 | +59.7% |
| Recurring financial charges | 65 | €481 | €768 | +€287 | +59.7% |
| Profit (loss) for the period before taxes | 9903 | €51,810 | €51,868 | +€59 | +0.1% |
| Income taxes | 67/77 | €14,176 | €11,664 | -€2,512 | -17.7% |
| Profit (loss) for the period | 9904 | €37,634 | €40,204 | +€2,570 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,634 | €40,204 | +€2,570 | +6.8% |
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.