HAWO TRANS: 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.
HAWO TRANS
Largest movements
- Receivables within one year +€108,066
up €108,066 (+167%), from €64,795 to €172,861
of which Trade receivables: +€101,241
- Cash +€20,483
up €20,483 (+278%), from €7,357 to €27,839
mainly Short-term financial debts (+€49,707) and Net result for the year (+€42,289)
- Tangible fixed assets -€4,130
down €4,130 (-29.6%), from €13,954 to €9,824
of which Furniture and vehicles: -€3,528
- Short-term financial debts +€49,707
up €49,707 (+387%), from €12,856 to €62,562
- Profit (loss) carried forward +€42,289
up €42,289 (+254%), from €16,672 to €58,961
- Trade debts +€31,433
up €31,433 (+319%), from €9,852 to €41,285
- Tax, wage and social debts -€7,262
down €7,262 (-75.0%), from €9,677 to €2,415
of which Taxes: -€7,549
- Current portion of long-term debt +€6,238
up €6,238 (+134%), from €4,658 to €10,895
- Gross operating margin +€61,816
up €61,816 (+5,197%), from €1,189 to €63,006
- Depreciation -€12,421
down €12,421 (-75.0%), from €16,551 to €4,130
- Taxes +€7,908
up €7,908 (+3,589%), from €220 to €8,128
- Other operating charges -€2,567
down €2,567 (-29.3%), from €8,760 to €6,193
- Financial charges +€1,768
up €1,768 (+95.0%), from €1,861 to €3,629
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 | €86,107 | €210,525 | +€124,418 | +144% |
| Fixed assets | 21/28 | €13,954 | €9,824 | -€4,130 | -29.6% |
| Tangible fixed assets | 22/27 | €13,954 | €9,824 | -€4,130 | -29.6% |
| Land and buildings | 22 | €418 | - | -€418 | |
| Plant, machinery and equipment | 23 | €256 | €71 | -€185 | -72.4% |
| Furniture and vehicles | 24 | €13,281 | €9,754 | -€3,528 | -26.6% |
| Current assets | 29/58 | €72,152 | €200,701 | +€128,548 | +178% |
| Amounts receivable within one year | 40/41 | €64,795 | €172,861 | +€108,066 | +167% |
| Trade receivables | 40 | €32,809 | €134,050 | +€101,241 | +309% |
| Other amounts receivable | 41 | €31,986 | €38,811 | +€6,825 | +21.3% |
| Cash at bank and in hand | 54/58 | €7,357 | €27,839 | +€20,483 | +278% |
| Total equity and liabilities | 10/49 | €86,107 | €210,525 | +€124,418 | +144% |
| Equity | 10/15 | €49,064 | €91,353 | +€42,289 | +86.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,800 | €13,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €13,500 | €13,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,672 | €58,961 | +€42,289 | +254% |
| Amounts payable | 17/49 | €37,043 | €119,172 | +€82,129 | +222% |
| Amounts payable after more than one year | 17 | - | €2,014 | +€2,014 | |
| Financial debts | 170/4 | - | €2,014 | +€2,014 | |
| Amounts payable within one year | 42/48 | €37,043 | €117,157 | +€80,115 | +216% |
| Current portion of amounts payable after more than one year | 42 | €4,658 | €10,895 | +€6,238 | +134% |
| Financial debts | 43 | €12,856 | €62,562 | +€49,707 | +387% |
| Credit institutions | 430/8 | €12,856 | €62,562 | +€49,707 | +387% |
| Trade debts | 44 | €9,852 | €41,285 | +€31,433 | +319% |
| Suppliers | 440/4 | €9,852 | €41,285 | +€31,433 | +319% |
| Taxes, remuneration and social security | 45 | €9,677 | €2,415 | -€7,262 | -75.0% |
| Taxes | 450/3 | €9,677 | €2,128 | -€7,549 | -78.0% |
| Remuneration and social security | 454/9 | - | €287 | +€287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,551 | €4,130 | -€12,421 | -75.0% |
| Other operating charges | 640/8 | €8,760 | €6,193 | -€2,567 | -29.3% |
| Gross operating margin | 9900 | €1,189 | €63,006 | +€61,816 | +5,197% |
| Operating profit (loss) | 9901 | -€24,122 | €52,682 | +€76,804 | |
| Financial income | 75/76B | €1,704 | €1,364 | -€340 | -20.0% |
| Recurring financial income | 75 | €1,704 | €1,364 | -€340 | -20.0% |
| Financial charges | 65/66B | €1,861 | €3,629 | +€1,768 | +95.0% |
| Recurring financial charges | 65 | €1,861 | €3,629 | +€1,768 | +95.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,279 | €50,417 | +€74,696 | |
| Income taxes | 67/77 | €220 | €8,128 | +€7,908 | +3,589% |
| Profit (loss) for the period | 9904 | -€24,499 | €42,289 | +€66,788 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,499 | €42,289 | +€66,788 |
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 29 October 2026 via checked.be.