HET WIT HOEVEKE: 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.
HET WIT HOEVEKE
Largest movements
- Tangible fixed assets +€29,272
up €29,272 (+29.8%), from €98,393 to €127,665
of which Land and buildings: +€28,985
- Receivables within one year +€15,579
up €15,579 (+26.1%), from €59,684 to €75,263
of which Trade receivables: +€11,389
- Cash -€13,465
down €13,465 (-34.4%), from €39,088 to €25,623
mainly Investment in fixed assets (net) (-€47,058) and Net result for the year (-€36,092)
- Debts after one year +€46,069
up €46,069, from €0 to €46,069
- Profit (loss) carried forward -€36,092
down €36,092 (-41.3%), from €87,471 to €51,379
- Trade debts +€13,287
up €13,287 (+59.7%), from €22,265 to €35,552
- Current portion of long-term debt +€3,754
up €3,754 (+50.4%), from €7,444 to €11,198
- Tax, wage and social debts +€3,356
up €3,356 (+13.0%), from €25,765 to €29,122
of which Remuneration and social security: +€4,220
- Gross operating margin -€36,617
down €36,617 (-26.0%), from €140,992 to €104,375
- Staff costs +€20,186
up €20,186 (+20.9%), from €96,364 to €116,550
- Depreciation -€2,188
down €2,188 (-11.0%), from €19,974 to €17,786
- Taxes -€1,849
down €1,849 (-100%), from €1,849 to €0
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 | €259,979 | €290,354 | +€30,375 | +11.7% |
| Fixed assets | 21/28 | €148,393 | €177,665 | +€29,272 | +19.7% |
| Tangible fixed assets | 22/27 | €98,393 | €127,665 | +€29,272 | +29.8% |
| Land and buildings | 22 | €73,733 | €102,718 | +€28,985 | +39.3% |
| Plant, machinery and equipment | 23 | €9,128 | €6,141 | -€2,988 | -32.7% |
| Furniture and vehicles | 24 | €15,532 | €18,807 | +€3,275 | +21.1% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €111,587 | €112,689 | +€1,102 | +1.0% |
| Stocks and contracts in progress | 3 | €11,497 | €10,449 | -€1,048 | -9.1% |
| Stocks | 30/36 | €11,497 | €10,449 | -€1,048 | -9.1% |
| Amounts receivable within one year | 40/41 | €59,684 | €75,263 | +€15,579 | +26.1% |
| Trade receivables | 40 | €985 | €12,374 | +€11,389 | +1,157% |
| Other amounts receivable | 41 | €58,699 | €62,889 | +€4,190 | +7.1% |
| Cash at bank and in hand | 54/58 | €39,088 | €25,623 | -€13,465 | -34.4% |
| Deferred charges and accrued income | 490/1 | €1,319 | €1,354 | +€36 | +2.7% |
| Total equity and liabilities | 10/49 | €259,979 | €290,354 | +€30,375 | +11.7% |
| Equity | 10/15 | €198,005 | €161,913 | -€36,092 | -18.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €91,942 | €91,942 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €90,083 | €90,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,471 | €51,379 | -€36,092 | -41.3% |
| Amounts payable | 17/49 | €61,974 | €128,441 | +€66,467 | +107% |
| Amounts payable after more than one year | 17 | €0 | €46,069 | +€46,069 | |
| Financial debts | 170/4 | €0 | €46,069 | +€46,069 | |
| Amounts payable within one year | 42/48 | €61,974 | €82,371 | +€20,397 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €7,444 | €11,198 | +€3,754 | +50.4% |
| Trade debts | 44 | €22,265 | €35,552 | +€13,287 | +59.7% |
| Suppliers | 440/4 | €22,265 | €35,552 | +€13,287 | +59.7% |
| Taxes, remuneration and social security | 45 | €25,765 | €29,122 | +€3,356 | +13.0% |
| Taxes | 450/3 | €11,534 | €10,670 | -€864 | -7.5% |
| Remuneration and social security | 454/9 | €14,231 | €18,451 | +€4,220 | +29.7% |
| Other amounts payable | 47/48 | €6,500 | €6,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €96,364 | €116,550 | +€20,186 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,974 | €17,786 | -€2,188 | -11.0% |
| Other operating charges | 640/8 | €4,248 | €4,399 | +€151 | +3.6% |
| Non-recurring operating charges | 66A | €667 | €1,600 | +€933 | +140% |
| Gross operating margin | 9900 | €140,992 | €104,375 | -€36,617 | -26.0% |
| Operating profit (loss) | 9901 | €19,740 | -€35,959 | -€55,699 | |
| Financial income | 75/76B | €1,947 | €1,652 | -€295 | -15.1% |
| Recurring financial income | 75 | €1,947 | €1,652 | -€295 | -15.1% |
| Financial charges | 65/66B | €1,349 | €1,784 | +€435 | +32.3% |
| Recurring financial charges | 65 | €1,349 | €1,784 | +€435 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €20,337 | -€36,092 | -€56,429 | |
| Income taxes | 67/77 | €1,849 | €0 | -€1,849 | -100% |
| Profit (loss) for the period | 9904 | €18,488 | -€36,092 | -€54,580 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,488 | -€36,092 | -€54,580 |
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 23 October 2026 via checked.be.