HEiWA: 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.
HEiWA
Largest movements
- Receivables within one year +€48,471
up €48,471 (+17.2%), from €282,311 to €330,782
of which Other amounts receivable: +€53,616
- Receivables after one year +€39,603
up €39,603 (+21.6%), from €183,377 to €222,980
- Reserves -€355,000
down €355,000 (-59.2%), from €600,000 to €245,000
- Other debts +€241,480
up €241,480 (+76.8%), from €314,357 to €555,837
- Debts after one year +€181,636
up €181,636 (+10.9%), from €1.7m to €1.9m
- Financial income -€596,159
down €596,159 (-99.5%), from €599,063 to €2,904
- Gross operating margin -€33,787
down €33,787 (-41.1%), from €82,202 to €48,415
- Financial charges +€11,053
up €11,053 (+16.2%), from €68,090 to €79,143
- Taxes -€3,856
no longer reported in 2025 (was €3,856)
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 | €2,972,273 | €3,034,876 | +€62,604 | +2.1% |
| Fixed assets | 21/28 | €2,477,644 | €2,477,644 | = | 0.0% |
| Financial fixed assets | 28 | €2,477,644 | €2,477,644 | = | 0.0% |
| Current assets | 29/58 | €494,629 | €557,232 | +€62,604 | +12.7% |
| Amounts receivable after more than one year | 29 | €183,377 | €222,980 | +€39,603 | +21.6% |
| Other amounts receivable | 291 | €183,377 | €222,980 | +€39,603 | +21.6% |
| Amounts receivable within one year | 40/41 | €282,311 | €330,782 | +€48,471 | +17.2% |
| Trade receivables | 40 | €230,450 | €225,304 | -€5,145 | -2.2% |
| Other amounts receivable | 41 | €51,861 | €105,478 | +€53,616 | +103% |
| Cash at bank and in hand | 54/58 | €27,179 | €2,336 | -€24,843 | -91.4% |
| Deferred charges and accrued income | 490/1 | €1,761 | €1,135 | -€627 | -35.6% |
| Total equity and liabilities | 10/49 | €2,972,273 | €3,034,876 | +€62,604 | +2.1% |
| Equity | 10/15 | €669,679 | €316,773 | -€352,906 | -52.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €600,000 | €245,000 | -€355,000 | -59.2% |
| Distributable reserves | 133 | €600,000 | €245,000 | -€355,000 | -59.2% |
| Profit (loss) carried forward | 14 | €9,679 | €11,773 | +€2,094 | +21.6% |
| Amounts payable | 17/49 | €2,302,594 | €2,718,104 | +€415,510 | +18.0% |
| Amounts payable after more than one year | 17 | €1,670,883 | €1,852,518 | +€181,636 | +10.9% |
| Financial debts | 170/4 | €1,670,883 | €1,852,518 | +€181,636 | +10.9% |
| Amounts payable within one year | 42/48 | €615,965 | €865,585 | +€249,620 | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €244,838 | €253,672 | +€8,835 | +3.6% |
| Trade debts | 44 | €48,747 | €38,229 | -€10,517 | -21.6% |
| Suppliers | 440/4 | €48,747 | €38,229 | -€10,517 | -21.6% |
| Taxes, remuneration and social security | 45 | €8,023 | €17,846 | +€9,823 | +122% |
| Taxes | 450/3 | €8,023 | €17,846 | +€9,823 | +122% |
| Other amounts payable | 47/48 | €314,357 | €555,837 | +€241,480 | +76.8% |
| Accrued charges and deferred income | 492/3 | €15,746 | - | -€15,746 | |
| Other operating charges | 640/8 | €511 | €83 | -€429 | -83.8% |
| Gross operating margin | 9900 | €82,202 | €48,415 | -€33,787 | -41.1% |
| Operating profit (loss) | 9901 | €81,691 | €48,333 | -€33,358 | -40.8% |
| Financial income | 75/76B | €599,063 | €2,904 | -€596,159 | -99.5% |
| Recurring financial income | 75 | €599,063 | €2,904 | -€596,159 | -99.5% |
| Financial charges | 65/66B | €68,090 | €79,143 | +€11,053 | +16.2% |
| Recurring financial charges | 65 | €68,090 | €79,143 | +€11,053 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €612,663 | -€27,906 | -€640,570 | |
| Income taxes | 67/77 | €3,856 | - | -€3,856 | |
| Profit (loss) for the period | 9904 | €608,807 | -€27,906 | -€636,714 | |
| Profit (loss) for the period to be appropriated | 9905 | €608,807 | -€27,906 | -€636,714 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.