HEDWIG PROFIL DESIGN: what changed
HEDWIG PROFIL DESIGN
Largest movements
- Stocks and contracts +€15,232
up €15,232 (+33.3%), from €45,801 to €61,033
- Cash -€9,643
down €9,643 (-84.8%), from €11,375 to €1,733
mainly Stocks and contracts (-€15,232) and Net result for the year (-€4,088)
- Deferred charges and accrued income -€2,311
down €2,311 (-25.2%), from €9,184 to €6,874
- Tangible fixed assets +€2,147
up €2,147 (+310%), from €694 to €2,840
- Tax, wage and social debts +€5,149
up €5,149 (+43.7%), from €11,772 to €16,921
of which Taxes: +€3,449
- Profit (loss) carried forward -€4,088
down €4,088 (-7.3%), from -€56,093 to -€60,180
- Short-term financial debts +€2,445
new in 2025: €2,445
- Trade debts +€1,590
up €1,590 (+92.7%), from €1,714 to €3,304
- Write-downs +€4,784
up €4,784, from -€2,529 to €2,254
- Gross operating margin +€3,944
up €3,944, from -€232 to €3,712
- Financial income -€2,372
down €2,372 (-79.0%), from €3,002 to €629
- Depreciation -€1,278
down €1,278 (-75.6%), from €1,690 to €411
- Financial charges -€209
down €209 (-17.7%), from €1,180 to €971
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,187 | €74,283 | +€5,096 | +7.4% |
| Fixed assets | 21/28 | €694 | €2,840 | +€2,147 | +310% |
| Tangible fixed assets | 22/27 | €694 | €2,840 | +€2,147 | +310% |
| Furniture and vehicles | 24 | €694 | €2,840 | +€2,147 | +310% |
| Current assets | 29/58 | €68,493 | €71,442 | +€2,949 | +4.3% |
| Stocks and contracts in progress | 3 | €45,801 | €61,033 | +€15,232 | +33.3% |
| Stocks | 30/36 | €45,801 | €61,033 | +€15,232 | +33.3% |
| Amounts receivable within one year | 40/41 | €2,133 | €1,803 | -€329 | -15.4% |
| Trade receivables | 40 | €290 | €0 | -€290 | -100% |
| Other amounts receivable | 41 | €1,843 | €1,803 | -€39 | -2.1% |
| Cash at bank and in hand | 54/58 | €11,375 | €1,733 | -€9,643 | -84.8% |
| Deferred charges and accrued income | 490/1 | €9,184 | €6,874 | -€2,311 | -25.2% |
| Total equity and liabilities | 10/49 | €69,187 | €74,283 | +€5,096 | +7.4% |
| Equity | 10/15 | €55,701 | €51,613 | -€4,088 | -7.3% |
| Contributions | 10/11 | €72,600 | €72,600 | = | 0.0% |
| Reserves | 13 | €39,194 | €39,194 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,353 | €15,353 | = | 0.0% |
| Distributable reserves | 133 | €23,840 | €23,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,093 | -€60,180 | -€4,088 | -7.3% |
| Amounts payable | 17/49 | €13,486 | €22,670 | +€9,184 | +68.1% |
| Amounts payable within one year | 42/48 | €13,486 | €22,670 | +€9,184 | +68.1% |
| Financial debts | 43 | - | €2,445 | +€2,445 | |
| Credit institutions | 430/8 | - | €2,445 | +€2,445 | |
| Trade debts | 44 | €1,714 | €3,304 | +€1,590 | +92.7% |
| Suppliers | 440/4 | €1,714 | €3,304 | +€1,590 | +92.7% |
| Taxes, remuneration and social security | 45 | €11,772 | €16,921 | +€5,149 | +43.7% |
| Taxes | 450/3 | €11,772 | €15,221 | +€3,449 | +29.3% |
| Remuneration and social security | 454/9 | - | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,690 | €411 | -€1,278 | -75.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,529 | €2,254 | +€4,784 | |
| Other operating charges | 640/8 | €4,683 | €4,520 | -€163 | -3.5% |
| Gross operating margin | 9900 | -€232 | €3,712 | +€3,944 | |
| Operating profit (loss) | 9901 | -€4,075 | -€3,474 | +€601 | +14.8% |
| Financial income | 75/76B | €3,002 | €629 | -€2,372 | -79.0% |
| Recurring financial income | 75 | €3,002 | €629 | -€2,372 | -79.0% |
| Financial charges | 65/66B | €1,180 | €971 | -€209 | -17.7% |
| Recurring financial charges | 65 | €1,180 | €971 | -€209 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,253 | -€3,815 | -€1,562 | -69.3% |
| Income taxes | 67/77 | €267 | €272 | +€5 | +1.9% |
| Profit (loss) for the period | 9904 | -€2,520 | -€4,088 | -€1,567 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,520 | -€4,088 | -€1,567 | -62.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.