HAWK PROJECTS: 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.
HAWK PROJECTS
Largest movements
- Tangible fixed assets -€17,727
down €17,727 (-6.6%), from €267,006 to €249,280
of which Land and buildings: -€12,789
- Cash +€11,570
up €11,570 (+36.3%), from €31,862 to €43,432
mainly Net result for the year (+€74,170) and Depreciation (+€21,000)
- Receivables within one year +€6,580
up €6,580 (+39.5%), from €16,667 to €23,246
of which Trade receivables: +€6,266
- Debts after one year -€11,463
down €11,463 (-5.7%), from €199,654 to €188,191
- Other debts +€10,124
up €10,124 (+10.9%), from €92,503 to €102,627
- Gross operating margin +€46,961
up €46,961 (+59.5%), from €78,865 to €125,827
- Taxes +€10,481
up €10,481 (+111.4%), from €9,410 to €19,891
- Depreciation -€3,423
down €3,423 (-14.0%), from €24,423 to €21,000
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 | €319,805 | €318,307 | -€1,498 | -0.5% |
| Fixed assets | 21/28 | €267,006 | €249,280 | -€17,727 | -6.6% |
| Tangible fixed assets | 22/27 | €267,006 | €249,280 | -€17,727 | -6.6% |
| Land and buildings | 22 | €242,528 | €229,739 | -€12,789 | -5.3% |
| Plant, machinery and equipment | 23 | €19,487 | €19,540 | +€54 | +0.3% |
| Furniture and vehicles | 24 | €4,991 | €0 | -€4,991 | -100.0% |
| Current assets | 29/58 | €52,799 | €69,027 | +€16,228 | +30.7% |
| Amounts receivable within one year | 40/41 | €16,667 | €23,246 | +€6,580 | +39.5% |
| Trade receivables | 40 | €13,074 | €19,339 | +€6,266 | +47.9% |
| Other amounts receivable | 41 | €3,593 | €3,907 | +€314 | +8.7% |
| Cash at bank and in hand | 54/58 | €31,862 | €43,432 | +€11,570 | +36.3% |
| Deferred charges and accrued income | 490/1 | €4,271 | €2,349 | -€1,922 | -45.0% |
| Total equity and liabilities | 10/49 | €319,805 | €318,307 | -€1,498 | -0.5% |
| Equity | 10/15 | €6,200 | €7,870 | +€1,670 | +26.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1,670 | +€1,670 | |
| Amounts payable | 17/49 | €313,605 | €310,437 | -€3,168 | -1.0% |
| Amounts payable after more than one year | 17 | €199,654 | €188,191 | -€11,463 | -5.7% |
| Financial debts | 170/4 | €199,654 | €188,191 | -€11,463 | -5.7% |
| Amounts payable within one year | 42/48 | €112,803 | €120,658 | +€7,855 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €10,997 | €11,463 | +€466 | +4.2% |
| Trade debts | 44 | €3,046 | €2,049 | -€997 | -32.7% |
| Suppliers | 440/4 | €3,046 | €2,049 | -€997 | -32.7% |
| Taxes, remuneration and social security | 45 | €6,257 | €4,520 | -€1,737 | -27.8% |
| Taxes | 450/3 | €6,257 | €4,520 | -€1,737 | -27.8% |
| Other amounts payable | 47/48 | €92,503 | €102,627 | +€10,124 | +10.9% |
| Accrued charges and deferred income | 492/3 | €1,149 | €1,588 | +€439 | +38.2% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,423 | €21,000 | -€3,423 | -14.0% |
| Other operating charges | 640/8 | €1,628 | €1,724 | +€96 | +5.9% |
| Gross operating margin | 9900 | €78,865 | €125,827 | +€46,961 | +59.5% |
| Operating profit (loss) | 9901 | €52,815 | €103,103 | +€50,288 | +95.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €9,502 | €9,045 | -€457 | -4.8% |
| Recurring financial charges | 65 | €9,502 | €9,045 | -€457 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €43,313 | €94,061 | +€50,748 | +117.2% |
| Income taxes | 67/77 | €9,410 | €19,891 | +€10,481 | +111.4% |
| Profit (loss) for the period | 9904 | €33,903 | €74,170 | +€40,267 | +118.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,903 | €74,170 | +€40,267 | +118.8% |
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.