HATWEO: 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.
HATWEO
Largest movements
- Cash -€16,441
down €16,441 (-42.8%), from €38,451 to €22,011
mainly Other debts (-€13,320) and Net result for the year (-€8,628)
- Receivables within one year -€1,009
down €1,009 (-8.9%), from €11,288 to €10,279
of which Other amounts receivable: -€1,009
- Other debts -€13,320
down €13,320 (-9.2%), from €144,828 to €131,508
- Profit (loss) carried forward -€8,628
down €8,628 (-2.9%), from -€298,036 to -€306,664
- Trade debts +€3,983
up €3,983 (+30.8%), from €12,930 to €16,913
- Gross operating margin +€9,895
up €9,895 (+58.2%), from -€16,987 to -€7,092
- Other operating charges -€385
down €385 (-75.1%), from €513 to €128
- Depreciation +€372
up €372 (+590.8%), from €63 to €435
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.
Cash bridge derived
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 | €51,061 | €33,176 | -€17,885 | -35.0% |
| Fixed assets | 21/28 | €1,241 | €806 | -€435 | -35.0% |
| Tangible fixed assets | 22/27 | €1,241 | €806 | -€435 | -35.0% |
| Furniture and vehicles | 24 | €1,241 | €806 | -€435 | -35.0% |
| Current assets | 29/58 | €49,820 | €32,369 | -€17,450 | -35.0% |
| Stocks and contracts in progress | 3 | €80 | €80 | = | 0.0% |
| Stocks | 30/36 | €80 | €80 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,288 | €10,279 | -€1,009 | -8.9% |
| Trade receivables | 40 | €10,226 | €10,226 | = | 0.0% |
| Other amounts receivable | 41 | €1,063 | €53 | -€1,009 | -95.0% |
| Cash at bank and in hand | 54/58 | €38,451 | €22,011 | -€16,441 | -42.8% |
| Total equity and liabilities | 10/49 | €51,061 | €33,176 | -€17,885 | -35.0% |
| Equity | 10/15 | -€121,036 | -€129,664 | -€8,628 | -7.1% |
| Contributions | 10/11 | €177,000 | €177,000 | = | 0.0% |
| Capital | 10 | €177,000 | €177,000 | = | 0.0% |
| Issued capital | 100 | €177,000 | €177,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€298,036 | -€306,664 | -€8,628 | -2.9% |
| Amounts payable | 17/49 | €172,097 | €162,840 | -€9,257 | -5.4% |
| Amounts payable within one year | 42/48 | €171,257 | €161,920 | -€9,337 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €13,500 | €13,500 | = | 0.0% |
| Trade debts | 44 | €12,930 | €16,913 | +€3,983 | +30.8% |
| Suppliers | 440/4 | €12,930 | €16,913 | +€3,983 | +30.8% |
| Other amounts payable | 47/48 | €144,828 | €131,508 | -€13,320 | -9.2% |
| Accrued charges and deferred income | 492/3 | €840 | €920 | +€80 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63 | €435 | +€372 | +590.8% |
| Other operating charges | 640/8 | €513 | €128 | -€385 | -75.1% |
| Gross operating margin | 9900 | -€16,987 | -€7,092 | +€9,895 | +58.2% |
| Operating profit (loss) | 9901 | -€17,563 | -€7,655 | +€9,908 | +56.4% |
| Financial charges | 65/66B | €993 | €973 | -€20 | -2.0% |
| Recurring financial charges | 65 | €993 | €973 | -€20 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,556 | -€8,628 | +€9,928 | +53.5% |
| Profit (loss) for the period | 9904 | -€18,556 | -€8,628 | +€9,928 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,556 | -€8,628 | +€9,928 | +53.5% |
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 12 October 2026 via checked.be.