HAWAI GROUP: 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.
HAWAI GROUP
Largest movements
- Cash -€15,727
down €15,727 (-74.6%), from €21,084 to €5,357
mainly Investment in fixed assets (net) (-€13,248) and Net result for the year (-€11,821)
- Tangible fixed assets +€9,518
up €9,518 (+622%), from €1,531 to €11,049
of which Furniture and vehicles: +€8,558
- Receivables within one year +€8,848
up €8,848 (+153%), from €5,775 to €14,623
of which Other amounts receivable: +€8,848
- Stocks and contracts -€755
down €755 (-43.0%), from €1,755 to €1,000
- Profit (loss) carried forward -€11,821
down €11,821 (-46.0%), from €25,718 to €13,897
- Other debts +€8,455
new in 2025: €8,455
- Trade debts +€4,407
up €4,407 (+309%), from €1,427 to €5,834
- Tax, wage and social debts +€843
new in 2025: €843
- Gross operating margin -€24,561
down €24,561 (-86.5%), from €28,408 to €3,847
- Staff costs +€11,121
new in 2025: €11,121
- Depreciation +€3,260
up €3,260 (+694%), from €469 to €3,730
- Other operating charges -€1,014
down €1,014 (-71.6%), from €1,415 to €401
- Financial charges +€287
up €287 (+224%), from €128 to €415
of which Financial charges: +€149
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 | €30,144 | €32,028 | +€1,884 | +6.2% |
| Fixed assets | 21/28 | €1,531 | €11,049 | +€9,518 | +622% |
| Tangible fixed assets | 22/27 | €1,531 | €11,049 | +€9,518 | +622% |
| Plant, machinery and equipment | 23 | €1,531 | €2,491 | +€960 | +62.7% |
| Furniture and vehicles | 24 | - | €8,558 | +€8,558 | |
| Current assets | 29/58 | €28,614 | €20,980 | -€7,634 | -26.7% |
| Stocks and contracts in progress | 3 | €1,755 | €1,000 | -€755 | -43.0% |
| Stocks | 30/36 | €1,755 | €1,000 | -€755 | -43.0% |
| Amounts receivable within one year | 40/41 | €5,775 | €14,623 | +€8,848 | +153% |
| Trade receivables | 40 | €1,016 | €1,016 | = | 0.0% |
| Other amounts receivable | 41 | €4,759 | €13,606 | +€8,848 | +186% |
| Cash at bank and in hand | 54/58 | €21,084 | €5,357 | -€15,727 | -74.6% |
| Total equity and liabilities | 10/49 | €30,144 | €32,028 | +€1,884 | +6.2% |
| Equity | 10/15 | €28,718 | €16,897 | -€11,821 | -41.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,718 | €13,897 | -€11,821 | -46.0% |
| Amounts payable | 17/49 | €1,427 | €15,131 | +€13,704 | +961% |
| Amounts payable within one year | 42/48 | €1,427 | €15,131 | +€13,704 | +961% |
| Trade debts | 44 | €1,427 | €5,834 | +€4,407 | +309% |
| Suppliers | 440/4 | €1,427 | €5,834 | +€4,407 | +309% |
| Taxes, remuneration and social security | 45 | - | €843 | +€843 | |
| Remuneration and social security | 454/9 | - | €843 | +€843 | |
| Other amounts payable | 47/48 | - | €8,455 | +€8,455 | |
| Remuneration, social security and pensions | 62 | - | €11,121 | +€11,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €469 | €3,730 | +€3,260 | +694% |
| Other operating charges | 640/8 | €1,415 | €401 | -€1,014 | -71.6% |
| Non-recurring operating charges | 66A | €679 | - | -€679 | |
| Gross operating margin | 9900 | €28,408 | €3,847 | -€24,561 | -86.5% |
| Operating profit (loss) | 9901 | €25,844 | -€11,405 | -€37,249 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €128 | €415 | +€287 | +224% |
| Recurring financial charges | 65 | €128 | €277 | +€149 | +117% |
| Non-recurring financial charges | 66B | - | €138 | +€138 | |
| Profit (loss) for the period before taxes | 9903 | €25,718 | -€11,821 | -€37,538 | |
| Profit (loss) for the period | 9904 | €25,718 | -€11,821 | -€37,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,718 | -€11,821 | -€37,538 |
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 14 October 2026 via checked.be.