HAUWS: what changed
Two fiscal 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.
HAUWS
Largest movements
- Receivables after one year +€100,000
new in 2025: €100,000
- Cash -€95,473
down €95,473 (-61.6%), from €155,103 to €59,630
mainly Receivables after one year (-€100,000) and Tax, wage and social debts (-€42,784)
- Receivables within one year -€11,495
down €11,495 (-79.2%), from €14,520 to €3,025
of which Trade receivables: -€13,704
- Tangible fixed assets -€9,826
down €9,826 (-22.0%), from €44,585 to €34,759
of which Furniture and vehicles: -€8,337
- Tax, wage and social debts -€42,784
down €42,784 (-78.5%), from €54,478 to €11,694
- Reserves +€37,466
up €37,466 (+33.1%), from €113,257 to €150,723
- Debts after one year -€8,550
down €8,550 (-29.5%), from €28,983 to €20,433
- Other debts -€2,979
no longer reported in 2025 (was €2,979)
- Gross operating margin -€114,410
down €114,410 (-66.7%), from €171,574 to €57,164
- Taxes -€36,852
down €36,852 (-78.7%), from €46,798 to €9,946
- Financial income +€4,479
up €4,479 (+7464216.7%), from €0 to €4,479
- Depreciation +€2,965
up €2,965 (+34.9%), from €8,488 to €11,453
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 | €214,284 | €198,153 | -€16,131 | -7.5% |
| Fixed assets | 21/28 | €44,585 | €34,759 | -€9,826 | -22.0% |
| Tangible fixed assets | 22/27 | €44,585 | €34,759 | -€9,826 | -22.0% |
| Plant, machinery and equipment | 23 | €4,329 | €2,840 | -€1,489 | -34.4% |
| Furniture and vehicles | 24 | €40,256 | €31,919 | -€8,337 | -20.7% |
| Current assets | 29/58 | €169,699 | €163,395 | -€6,304 | -3.7% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €14,520 | €3,025 | -€11,495 | -79.2% |
| Trade receivables | 40 | €14,520 | €816 | -€13,704 | -94.4% |
| Other amounts receivable | 41 | - | €2,210 | +€2,210 | |
| Cash at bank and in hand | 54/58 | €155,103 | €59,630 | -€95,473 | -61.6% |
| Deferred charges and accrued income | 490/1 | €76 | €740 | +€663 | +868.1% |
| Total equity and liabilities | 10/49 | €214,284 | €198,153 | -€16,131 | -7.5% |
| Equity | 10/15 | €117,257 | €154,723 | +€37,466 | +32.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €113,257 | €150,723 | +€37,466 | +33.1% |
| Distributable reserves | 133 | €113,257 | €150,723 | +€37,466 | +33.1% |
| Amounts payable | 17/49 | €97,027 | €43,430 | -€53,596 | -55.2% |
| Amounts payable after more than one year | 17 | €28,983 | €20,433 | -€8,550 | -29.5% |
| Financial debts | 170/4 | €28,983 | €20,433 | -€8,550 | -29.5% |
| Amounts payable within one year | 42/48 | €68,043 | €22,997 | -€45,046 | -66.2% |
| Current portion of amounts payable after more than one year | 42 | €8,240 | €8,550 | +€310 | +3.8% |
| Trade debts | 44 | €2,346 | €2,753 | +€407 | +17.3% |
| Suppliers | 440/4 | €2,346 | €2,753 | +€407 | +17.3% |
| Taxes, remuneration and social security | 45 | €54,478 | €11,694 | -€42,784 | -78.5% |
| Taxes | 450/3 | €54,478 | €11,694 | -€42,784 | -78.5% |
| Other amounts payable | 47/48 | €2,979 | - | -€2,979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,488 | €11,453 | +€2,965 | +34.9% |
| Other operating charges | 640/8 | €1,817 | €1,258 | -€558 | -30.7% |
| Gross operating margin | 9900 | €171,574 | €57,164 | -€114,410 | -66.7% |
| Operating profit (loss) | 9901 | €161,270 | €44,453 | -€116,817 | -72.4% |
| Financial income | 75/76B | €0 | €4,479 | +€4,479 | +7464216.7% |
| Recurring financial income | 75 | €0 | €4,479 | +€4,479 | +7464216.7% |
| Financial charges | 65/66B | €1,215 | €1,520 | +€305 | +25.1% |
| Recurring financial charges | 65 | €1,215 | €1,520 | +€305 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €160,055 | €47,411 | -€112,644 | -70.4% |
| Income taxes | 67/77 | €46,798 | €9,946 | -€36,852 | -78.7% |
| Profit (loss) for the period | 9904 | €113,257 | €37,466 | -€75,792 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €113,257 | €37,466 | -€75,792 | -66.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.