HAWK: 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.
HAWK
Largest movements
- Tangible fixed assets -€4,003
down €4,003 (-4.6%), from €86,355 to €82,352
of which Land and buildings: -€3,508
- Profit (loss) carried forward -€5,533
down €5,533 (-8.1%), from -€67,913 to -€73,446
- Other operating charges +€2,919
up €2,919 (+38.8%), from €7,514 to €10,433
- Gross operating margin -€1,947
down €1,947 (-17.6%), from €11,055 to €9,108
- Depreciation -€327
down €327 (-7.6%), from €4,330 to €4,003
- Financial charges +€117
up €117 (+132%), from €89 to €205
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 | €124,474 | €121,136 | -€3,338 | -2.7% |
| Fixed assets | 21/28 | €86,355 | €82,352 | -€4,003 | -4.6% |
| Tangible fixed assets | 22/27 | €86,355 | €82,352 | -€4,003 | -4.6% |
| Land and buildings | 22 | €85,750 | €82,242 | -€3,508 | -4.1% |
| Plant, machinery and equipment | 23 | €605 | €110 | -€495 | -81.8% |
| Current assets | 29/58 | €38,119 | €38,784 | +€665 | +1.7% |
| Cash at bank and in hand | 54/58 | €38,119 | €38,784 | +€665 | +1.7% |
| Total equity and liabilities | 10/49 | €124,474 | €121,136 | -€3,338 | -2.7% |
| Equity | 10/15 | -€1,853 | -€7,386 | -€5,533 | -299% |
| Contributions | 10/11 | €62,007 | €62,007 | = | 0.0% |
| Capital | 10 | €62,007 | €62,007 | = | 0.0% |
| Issued capital | 100 | €62,007 | €62,007 | = | 0.0% |
| Reserves | 13 | €4,054 | €4,054 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €955 | €955 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,913 | -€73,446 | -€5,533 | -8.1% |
| Amounts payable | 17/49 | €126,327 | €128,522 | +€2,195 | +1.7% |
| Amounts payable after more than one year | 17 | €96,216 | €96,216 | = | 0.0% |
| Financial debts | 170/4 | €96,216 | €96,216 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,546 | €29,696 | +€1,150 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €7,135 | €7,135 | = | 0.0% |
| Trade debts | 44 | - | €1,150 | +€1,150 | |
| Suppliers | 440/4 | - | €1,150 | +€1,150 | |
| Other amounts payable | 47/48 | €21,411 | €21,411 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,565 | €2,610 | +€1,045 | +66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,330 | €4,003 | -€327 | -7.6% |
| Other operating charges | 640/8 | €7,514 | €10,433 | +€2,919 | +38.8% |
| Gross operating margin | 9900 | €11,055 | €9,108 | -€1,947 | -17.6% |
| Operating profit (loss) | 9901 | -€789 | -€5,327 | -€4,538 | -575% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €89 | €205 | +€117 | +132% |
| Recurring financial charges | 65 | €89 | €205 | +€117 | +132% |
| Profit (loss) for the period before taxes | 9903 | -€877 | -€5,533 | -€4,656 | -531% |
| Profit (loss) for the period | 9904 | -€877 | -€5,533 | -€4,656 | -531% |
| Profit (loss) for the period to be appropriated | 9905 | -€877 | -€5,533 | -€4,656 | -531% |
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 17 October 2026 via checked.be.