HaWi: 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.
HaWi
Largest movements
- Tangible fixed assets -€19,751
down €19,751 (-5.3%), from €371,839 to €352,087
of which Land and buildings: -€18,021
- Cash +€6,647
up €6,647 (+256.1%), from €2,596 to €9,243
mainly Depreciation (+€19,751) and Net result for the year (+€12,650)
- Debts after one year -€25,478
down €25,478 (-8.9%), from €284,798 to €259,321
- Profit (loss) carried forward +€12,650
up €12,650, from -€10,685 to €1,965
- Gross operating margin +€8,470
up €8,470 (+26.1%), from €32,430 to €40,900
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 | €376,661 | €364,093 | -€12,568 | -3.3% |
| Fixed assets | 21/28 | €371,839 | €352,087 | -€19,751 | -5.3% |
| Tangible fixed assets | 22/27 | €371,839 | €352,087 | -€19,751 | -5.3% |
| Land and buildings | 22 | €366,226 | €348,206 | -€18,021 | -4.9% |
| Plant, machinery and equipment | 23 | €5,612 | €3,882 | -€1,731 | -30.8% |
| Current assets | 29/58 | €4,822 | €12,006 | +€7,184 | +149.0% |
| Cash at bank and in hand | 54/58 | €2,596 | €9,243 | +€6,647 | +256.1% |
| Deferred charges and accrued income | 490/1 | €2,226 | €2,763 | +€537 | +24.1% |
| Total equity and liabilities | 10/49 | €376,661 | €364,093 | -€12,568 | -3.3% |
| Equity | 10/15 | -€8,685 | €3,965 | +€12,650 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,685 | €1,965 | +€12,650 | |
| Amounts payable | 17/49 | €385,346 | €360,128 | -€25,218 | -6.5% |
| Amounts payable after more than one year | 17 | €284,798 | €259,321 | -€25,478 | -8.9% |
| Financial debts | 170/4 | €284,798 | €259,321 | -€25,478 | -8.9% |
| Amounts payable within one year | 42/48 | €100,548 | €97,808 | -€2,740 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €25,103 | €25,478 | +€374 | +1.5% |
| Trade debts | 44 | €1,313 | €798 | -€515 | -39.2% |
| Suppliers | 440/4 | €1,313 | €798 | -€515 | -39.2% |
| Other amounts payable | 47/48 | €74,132 | €71,532 | -€2,600 | -3.5% |
| Accrued charges and deferred income | 492/3 | €0 | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,751 | €19,751 | = | 0.0% |
| Other operating charges | 640/8 | €3,699 | €3,910 | +€212 | +5.7% |
| Gross operating margin | 9900 | €32,430 | €40,900 | +€8,470 | +26.1% |
| Operating profit (loss) | 9901 | €8,980 | €17,238 | +€8,258 | +92.0% |
| Financial charges | 65/66B | €4,965 | €4,588 | -€378 | -7.6% |
| Recurring financial charges | 65 | €4,965 | €4,588 | -€378 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €4,014 | €12,650 | +€8,636 | +215.1% |
| Profit (loss) for the period | 9904 | €4,014 | €12,650 | +€8,636 | +215.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,014 | €12,650 | +€8,636 | +215.1% |
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 29 September 2026 via checked.be.