HAWY: 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.
HAWY
Largest movements
- Cash +€266,915
up €266,915 (+2083.4%), from €12,812 to €279,727
mainly Contributions, distributions and other (+€72,238) and Net result for the year (+€68,920)
- Tangible fixed assets -€10,852
down €10,852 (-12.8%), from €84,468 to €73,616
of which Land and buildings: -€10,116
- Receivables within one year +€7,770
up €7,770 (+10.9%), from €71,320 to €79,090
- Reserves +€141,158
up €141,158 (+100.0%), from €141,103 to €282,261
of which Tax-exempt reserves: +€203,093
- Provisions +€67,698
new in 2025: €67,698
- Other debts +€60,000
up €60,000 (+10344.8%), from €580 to €60,580
- Gross operating margin +€253,732
up €253,732 (+895.7%), from €28,328 to €282,060
- Taxes -€5,337
down €5,337 (-80.5%), from €6,628 to €1,291
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 | €171,028 | €434,815 | +€263,787 | +154.2% |
| Fixed assets | 21/28 | €84,468 | €73,616 | -€10,852 | -12.8% |
| Tangible fixed assets | 22/27 | €84,468 | €73,616 | -€10,852 | -12.8% |
| Land and buildings | 22 | €82,326 | €72,210 | -€10,116 | -12.3% |
| Furniture and vehicles | 24 | €2,141 | €1,405 | -€736 | -34.4% |
| Current assets | 29/58 | €86,561 | €361,199 | +€274,638 | +317.3% |
| Amounts receivable within one year | 40/41 | €71,320 | €79,090 | +€7,770 | +10.9% |
| Other amounts receivable | 41 | €71,320 | €79,090 | +€7,770 | +10.9% |
| Cash at bank and in hand | 54/58 | €12,812 | €279,727 | +€266,915 | +2083.4% |
| Deferred charges and accrued income | 490/1 | €2,430 | €2,382 | -€47 | -1.9% |
| Total equity and liabilities | 10/49 | €171,028 | €434,815 | +€263,787 | +154.2% |
| Equity | 10/15 | €159,653 | €300,811 | +€141,158 | +88.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €141,103 | €282,261 | +€141,158 | +100.0% |
| Tax-exempt reserves | 132 | - | €203,093 | +€203,093 | |
| Distributable reserves | 133 | €141,103 | €79,167 | -€61,935 | -43.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €67,698 | +€67,698 | |
| Deferred taxes | 168 | - | €67,698 | +€67,698 | |
| Amounts payable | 17/49 | €11,376 | €66,307 | +€54,931 | +482.9% |
| Amounts payable within one year | 42/48 | €10,631 | €65,562 | +€54,931 | +516.7% |
| Trade debts | 44 | €2,561 | €408 | -€2,153 | -84.1% |
| Suppliers | 440/4 | €2,561 | €408 | -€2,153 | -84.1% |
| Taxes, remuneration and social security | 45 | €7,490 | €4,574 | -€2,916 | -38.9% |
| Taxes | 450/3 | €7,365 | €4,449 | -€2,916 | -39.6% |
| Remuneration and social security | 454/9 | €125 | €125 | = | 0.0% |
| Other amounts payable | 47/48 | €580 | €60,580 | +€60,000 | +10344.8% |
| Accrued charges and deferred income | 492/3 | €745 | €745 | = | 0.0% |
| Non-recurring operating income | 76A | - | €270,791 | +€270,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,336 | €6,052 | +€716 | +13.4% |
| Other operating charges | 640/8 | €6,952 | €6,530 | -€422 | -6.1% |
| Gross operating margin | 9900 | €28,328 | €282,060 | +€253,732 | +895.7% |
| Operating profit (loss) | 9901 | €16,039 | €269,477 | +€253,438 | +1580.1% |
| Financial income | 75/76B | €3,535 | €3,931 | +€397 | +11.2% |
| Recurring financial income | 75 | €3,535 | €3,931 | +€397 | +11.2% |
| Financial charges | 65/66B | €104 | €105 | +€0 | +0.1% |
| Recurring financial charges | 65 | €104 | €105 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €19,469 | €273,304 | +€253,835 | +1303.8% |
| Transfer to deferred taxes | 680 | - | €203,093 | +€203,093 | |
| Income taxes | 67/77 | €6,628 | €1,291 | -€5,337 | -80.5% |
| Profit (loss) for the period | 9904 | €12,842 | €68,920 | +€56,079 | +436.7% |
| Transfer to tax-exempt reserves | 689 | - | €67,698 | +€67,698 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,842 | €1,223 | -€11,619 | -90.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.