Hawkins: 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.
Hawkins
Largest movements
- Cash -€26,615
down €26,615 (-61.9%), from €42,983 to €16,368
mainly Contributions, distributions and other (-€44,249) and Other debts (-€19,906)
- Tangible fixed assets -€5,664
down €5,664 (-15.0%), from €37,643 to €31,979
of which Other tangible fixed assets: -€7,371
- Receivables within one year -€5,156
down €5,156 (-57.3%), from €9,002 to €3,847
of which Trade receivables: -€5,156
- Stocks and contracts +€1,874
up €1,874 (+49.4%), from €3,794 to €5,668
- Other debts -€19,906
down €19,906 (-65.0%), from €30,621 to €10,715
- Advances received -€8,316
down €8,316 (-100%), from €8,316 to €0
- Debts after one year -€6,622
down €6,622 (-22.4%), from €29,522 to €22,900
- Trade debts +€1,196
up €1,196 (+58.2%), from €2,053 to €3,248
- Gross operating margin +€20,645
up €20,645 (+43.3%), from €47,731 to €68,376
- Taxes +€4,322
up €4,322 (+44.5%), from €9,704 to €14,026
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 | €93,580 | €58,764 | -€34,816 | -37.2% |
| Fixed assets | 21/28 | €37,643 | €31,979 | -€5,664 | -15.0% |
| Tangible fixed assets | 22/27 | €37,643 | €31,979 | -€5,664 | -15.0% |
| Plant, machinery and equipment | 23 | €947 | €2,653 | +€1,706 | +180% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €36,696 | €29,326 | -€7,371 | -20.1% |
| Current assets | 29/58 | €55,937 | €26,785 | -€29,152 | -52.1% |
| Stocks and contracts in progress | 3 | €3,794 | €5,668 | +€1,874 | +49.4% |
| Stocks | 30/36 | €3,794 | €5,668 | +€1,874 | +49.4% |
| Amounts receivable within one year | 40/41 | €9,002 | €3,847 | -€5,156 | -57.3% |
| Trade receivables | 40 | €7,707 | €2,551 | -€5,156 | -66.9% |
| Other amounts receivable | 41 | €1,296 | €1,296 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,983 | €16,368 | -€26,615 | -61.9% |
| Deferred charges and accrued income | 490/1 | €158 | €902 | +€744 | +472% |
| Total equity and liabilities | 10/49 | €93,580 | €58,764 | -€34,816 | -37.2% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €88,580 | €53,764 | -€34,816 | -39.3% |
| Amounts payable after more than one year | 17 | €29,522 | €22,900 | -€6,622 | -22.4% |
| Financial debts | 170/4 | €29,522 | €22,900 | -€6,622 | -22.4% |
| Amounts payable within one year | 42/48 | €56,922 | €29,229 | -€27,693 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €6,511 | €6,622 | +€111 | +1.7% |
| Trade debts | 44 | €2,053 | €3,248 | +€1,196 | +58.2% |
| Suppliers | 440/4 | €2,053 | €3,248 | +€1,196 | +58.2% |
| Advances received on contracts in progress | 46 | €8,316 | €0 | -€8,316 | -100% |
| Taxes, remuneration and social security | 45 | €9,422 | €8,644 | -€778 | -8.3% |
| Taxes | 450/3 | €9,422 | €8,644 | -€778 | -8.3% |
| Other amounts payable | 47/48 | €30,621 | €10,715 | -€19,906 | -65.0% |
| Accrued charges and deferred income | 492/3 | €2,137 | €1,635 | -€502 | -23.5% |
| Non-recurring operating income | 76A | €1,207 | €0 | -€1,207 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,630 | €8,567 | -€63 | -0.7% |
| Other operating charges | 640/8 | €351 | €703 | +€351 | +100% |
| Gross operating margin | 9900 | €47,731 | €68,376 | +€20,645 | +43.3% |
| Operating profit (loss) | 9901 | €38,749 | €59,106 | +€20,357 | +52.5% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €1,083 | €851 | -€232 | -21.5% |
| Recurring financial charges | 65 | €1,083 | €851 | -€232 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €37,666 | €58,275 | +€20,609 | +54.7% |
| Income taxes | 67/77 | €9,704 | €14,026 | +€4,322 | +44.5% |
| Profit (loss) for the period | 9904 | €27,962 | €44,249 | +€16,287 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,962 | €44,249 | +€16,287 | +58.2% |
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 18 October 2026 via checked.be.