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HET WOUD: 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.

What changed

HET WOUD

BE 0450.434.049
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3,663
2024 · -€71,903+€68,240
Equity
€127,217
2024 · -€51,287+€178,503
Cash
€2,208
2024 · €2,362-€154
Balance sheet total
€204,492
2024 · €22,137+€182,356

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€182,166

    new in 2025: €182,166

Equity and liabilities
  • Revaluation surpluses +€182,166

    new in 2025: €182,166

  • Other debts +€60,000

    up €60,000 (+375%), from €16,000 to €76,000

  • Tax, wage and social debts -€56,718

    no longer reported in 2025 (was €56,718)

  • Profit (loss) carried forward -€3,663

    down €3,663 (-5.2%), from -€69,837 to -€73,500

Income statement
  • Taxes -€69,675

    no longer reported in 2025 (was €69,675)

  • Other operating charges +€1,172

    up €1,172 (+360%), from €326 to €1,498

  • Gross operating margin -€266

    down €266 (-14.5%), from -€1,827 to -€2,093

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€71,903
Gross operating margin -€266
Other operating charges -€1,172
Financial income -€11
Financial charges +€14
Taxes +€69,675
Result 2025 -€3,663
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations -€154
Investment -€182,166
Financing +€182,166
Cash 2024 €2,362
Net result for the year -€3,663
Smaller working-capital items -€343
Trade debts +€571
Tax, wage and social debts -€56,718
Other debts +€60,000
Investment in fixed assets (net) -€182,166
Contributions, distributions and other +€182,166
Cash 2025 €2,208
brings cash intakes cash out
Every line side by side 32 lines
Line Code 2024 2025 Change %
Total assets 20/58 €22,137 €204,492 +€182,356 +824%
Fixed assets 21/28 - €182,166 +€182,166
Tangible fixed assets 22/27 - €182,166 +€182,166
Land and buildings 22 - €182,166 +€182,166
Current assets 29/58 €22,137 €22,326 +€189 +0.9%
Amounts receivable within one year 40/41 €19,774 €19,803 +€28 +0.1%
Other amounts receivable 41 €19,774 €19,803 +€28 +0.1%
Cash at bank and in hand 54/58 €2,362 €2,208 -€154 -6.5%
Deferred charges and accrued income 490/1 - €315 +€315
Total equity and liabilities 10/49 €22,137 €204,492 +€182,356 +824%
Equity 10/15 -€51,287 €127,217 +€178,503
Contributions 10/11 €18,550 €18,550 = 0.0%
Revaluation surpluses 12 - €182,166 +€182,166
Profit (loss) carried forward 14 -€69,837 -€73,500 -€3,663 -5.2%
Amounts payable 17/49 €73,423 €77,276 +€3,852 +5.2%
Amounts payable within one year 42/48 €73,423 €77,276 +€3,852 +5.2%
Trade debts 44 €705 €1,276 +€571 +80.9%
Suppliers 440/4 €705 €1,276 +€571 +80.9%
Taxes, remuneration and social security 45 €56,718 - -€56,718
Taxes 450/3 €56,718 - -€56,718
Other amounts payable 47/48 €16,000 €76,000 +€60,000 +375%
Other operating charges 640/8 €326 €1,498 +€1,172 +360%
Gross operating margin 9900 -€1,827 -€2,093 -€266 -14.5%
Operating profit (loss) 9901 -€2,153 -€3,591 -€1,438 -66.8%
Financial income 75/76B €13 €2 -€11 -84.2%
Recurring financial income 75 €13 €2 -€11 -84.2%
Financial charges 65/66B €88 €74 -€14 -16.2%
Recurring financial charges 65 €88 €74 -€14 -16.2%
Profit (loss) for the period before taxes 9903 -€2,228 -€3,663 -€1,435 -64.4%
Income taxes 67/77 €69,675 - -€69,675
Profit (loss) for the period 9904 -€71,903 -€3,663 +€68,240 +94.9%
Profit (loss) for the period to be appropriated 9905 -€71,903 -€3,663 +€68,240 +94.9%

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 13 October 2026 via checked.be.