H&WR: 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.
H&WR
Largest movements
- Cash +€61,966
up €61,966 (+383%), from €16,183 to €78,149
mainly Net result for the year (+€69,821) and Depreciation (+€19,284)
- Tangible fixed assets -€19,284
down €19,284 (-58.3%), from €33,073 to €13,790
of which Furniture and vehicles: -€19,101
- Receivables within one year +€3,933
up €3,933 (+20.7%), from €19,027 to €22,960
- Deferred charges and accrued income +€2,481
new in 2025: €2,481
- Profit (loss) carried forward +€68,962
up €68,962, from -€20,807 to €48,155
- Other debts -€15,881
down €15,881 (-63.9%), from €24,864 to €8,983
- Debts after one year -€14,471
down €14,471 (-56.9%), from €25,455 to €10,983
- Tax, wage and social debts +€12,369
up €12,369 (+96.0%), from €12,878 to €25,247
of which Taxes: +€15,064
- Accrued charges and deferred income -€1,511
no longer reported in 2025 (was €1,511)
- Gross operating margin +€121,165
up €121,165, from -€15,559 to €105,605
- Taxes +€14,530
up €14,530 (+7,581%), from €192 to €14,722
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 | €68,434 | €117,530 | +€49,096 | +71.7% |
| Fixed assets | 21/28 | €33,223 | €13,940 | -€19,284 | -58.0% |
| Tangible fixed assets | 22/27 | €33,073 | €13,790 | -€19,284 | -58.3% |
| Plant, machinery and equipment | 23 | €395 | €213 | -€183 | -46.2% |
| Furniture and vehicles | 24 | €32,678 | €13,577 | -€19,101 | -58.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €35,211 | €103,591 | +€68,380 | +194% |
| Amounts receivable within one year | 40/41 | €19,027 | €22,960 | +€3,933 | +20.7% |
| Trade receivables | 40 | €19,027 | €22,960 | +€3,933 | +20.7% |
| Cash at bank and in hand | 54/58 | €16,183 | €78,149 | +€61,966 | +383% |
| Deferred charges and accrued income | 490/1 | - | €2,481 | +€2,481 | |
| Total equity and liabilities | 10/49 | €68,434 | €117,530 | +€49,096 | +71.7% |
| Equity | 10/15 | -€15,807 | €53,155 | +€68,962 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,807 | €48,155 | +€68,962 | |
| Amounts payable | 17/49 | €84,242 | €64,376 | -€19,866 | -23.6% |
| Amounts payable after more than one year | 17 | €25,455 | €10,983 | -€14,471 | -56.9% |
| Financial debts | 170/4 | €25,455 | €10,983 | -€14,471 | -56.9% |
| Amounts payable within one year | 42/48 | €57,276 | €53,392 | -€3,883 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €14,276 | €14,471 | +€196 | +1.4% |
| Trade debts | 44 | €5,258 | €4,692 | -€567 | -10.8% |
| Suppliers | 440/4 | €5,258 | €4,692 | -€567 | -10.8% |
| Taxes, remuneration and social security | 45 | €12,878 | €25,247 | +€12,369 | +96.0% |
| Taxes | 450/3 | €10,183 | €25,247 | +€15,064 | +148% |
| Remuneration and social security | 454/9 | €2,695 | - | -€2,695 | |
| Other amounts payable | 47/48 | €24,864 | €8,983 | -€15,881 | -63.9% |
| Accrued charges and deferred income | 492/3 | €1,511 | - | -€1,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,464 | €19,284 | -€180 | -0.9% |
| Other operating charges | 640/8 | €1,205 | €802 | -€402 | -33.4% |
| Non-recurring operating charges | 66A | - | €148 | +€148 | |
| Gross operating margin | 9900 | -€15,559 | €105,605 | +€121,165 | |
| Operating profit (loss) | 9901 | -€36,228 | €85,371 | +€121,599 | |
| Financial charges | 65/66B | €1,277 | €828 | -€449 | -35.2% |
| Recurring financial charges | 65 | €1,277 | €828 | -€449 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,505 | €84,543 | +€122,048 | |
| Income taxes | 67/77 | €192 | €14,722 | +€14,530 | +7,581% |
| Profit (loss) for the period | 9904 | -€37,697 | €69,821 | +€107,518 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,697 | €69,821 | +€107,518 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.