Haware: 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.
Haware
Largest movements
- Cash +€1.1m
up €1.1m (+1525.1%), from €69,676 to €1.1m
mainly Current investments (+€500,000) and Stocks and contracts (+€389,557)
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Stocks and contracts -€389,557
down €389,557 (-16.1%), from €2.4m to €2.0m
- Receivables within one year +€72,785
up €72,785 (+7244.1%), from €1,005 to €73,790
- Reserves +€237,169
up €237,169 (+39.7%), from €598,118 to €835,287
- Other debts +€80,564
up €80,564 (+3.8%), from €2.1m to €2.2m
- Short-term financial debts -€42,544
down €42,544 (-72.3%), from €58,858 to €16,313
- Gross operating margin -€163,128
down €163,128 (-30.1%), from €541,472 to €378,344
- Taxes -€41,085
down €41,085 (-34.2%), from €120,294 to €79,209
- Financial charges +€26,819
up €26,819 (+133.6%), from €20,081 to €46,900
- Other operating charges +€15,675
up €15,675 (+214.6%), from €7,305 to €22,980
- Financial income +€7,210
up €7,210 (+1023.8%), from €704 to €7,914
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 | €2,991,223 | €3,237,167 | +€245,944 | +8.2% |
| Current assets | 29/58 | €2,991,223 | €3,237,167 | +€245,944 | +8.2% |
| Stocks and contracts in progress | 3 | €2,417,561 | €2,028,004 | -€389,557 | -16.1% |
| Stocks | 30/36 | €2,417,561 | €2,028,004 | -€389,557 | -16.1% |
| Amounts receivable within one year | 40/41 | €1,005 | €73,790 | +€72,785 | +7244.1% |
| Other amounts receivable | 41 | €1,005 | €73,790 | +€72,785 | +7244.1% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €69,676 | €1,132,273 | +€1.1m | +1525.1% |
| Deferred charges and accrued income | 490/1 | €2,982 | €3,101 | +€119 | +4.0% |
| Total equity and liabilities | 10/49 | €2,991,223 | €3,237,167 | +€245,944 | +8.2% |
| Equity | 10/15 | €616,710 | €853,879 | +€237,169 | +38.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €598,118 | €835,287 | +€237,169 | +39.7% |
| Distributable reserves | 133 | €598,118 | €835,287 | +€237,169 | +39.7% |
| Provisions and deferred taxes | 16 | €31,214 | - | -€31,214 | |
| Provisions for liabilities and charges | 160/5 | €31,214 | - | -€31,214 | |
| Other liabilities and charges | 164/5 | €31,214 | - | -€31,214 | |
| Amounts payable | 17/49 | €2,343,299 | €2,383,289 | +€39,990 | +1.7% |
| Amounts payable after more than one year | 17 | €86,102 | €77,951 | -€8,151 | -9.5% |
| Financial debts | 170/4 | €86,102 | €77,951 | -€8,151 | -9.5% |
| Amounts payable within one year | 42/48 | €2,257,197 | €2,303,874 | +€46,677 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €8,069 | €8,151 | +€82 | +1.0% |
| Financial debts | 43 | €58,858 | €16,313 | -€42,544 | -72.3% |
| Credit institutions | 430/8 | €58,858 | €16,313 | -€42,544 | -72.3% |
| Trade debts | 44 | €13,998 | €6,699 | -€7,299 | -52.1% |
| Suppliers | 440/4 | €13,998 | €6,699 | -€7,299 | -52.1% |
| Taxes, remuneration and social security | 45 | €38,738 | €54,612 | +€15,874 | +41.0% |
| Taxes | 450/3 | €38,738 | €54,612 | +€15,874 | +41.0% |
| Other amounts payable | 47/48 | €2,137,534 | €2,218,099 | +€80,564 | +3.8% |
| Accrued charges and deferred income | 492/3 | - | €1,464 | +€1,464 | |
| Non-recurring operating income | 76A | - | €31,214 | +€31,214 | |
| Other operating charges | 640/8 | €7,305 | €22,980 | +€15,675 | +214.6% |
| Gross operating margin | 9900 | €541,472 | €378,344 | -€163,128 | -30.1% |
| Operating profit (loss) | 9901 | €534,167 | €355,364 | -€178,803 | -33.5% |
| Financial income | 75/76B | €704 | €7,914 | +€7,210 | +1023.8% |
| Recurring financial income | 75 | €704 | €7,914 | +€7,210 | +1023.8% |
| Financial charges | 65/66B | €20,081 | €46,900 | +€26,819 | +133.6% |
| Recurring financial charges | 65 | €20,081 | €46,900 | +€26,819 | +133.6% |
| Profit (loss) for the period before taxes | 9903 | €514,790 | €316,378 | -€198,412 | -38.5% |
| Income taxes | 67/77 | €120,294 | €79,209 | -€41,085 | -34.2% |
| Profit (loss) for the period | 9904 | €394,496 | €237,169 | -€157,327 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €394,496 | €237,169 | -€157,327 | -39.9% |
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 8 October 2026 via checked.be.