HEWA: 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.
HEWA
Largest movements
- Receivables within one year -€672,755
down €672,755 (-86.8%), from €775,207 to €102,452
of which Other amounts receivable: -€580,890
- Tangible fixed assets +€496,506
up €496,506 (+162.0%), from €306,469 to €802,975
of which Other tangible fixed assets: +€429,523
- Cash +€173,553
up €173,553 (+145.9%), from €118,973 to €292,526
mainly Receivables within one year (+€672,755) and Depreciation (+€144,042)
- Stocks and contracts +€105,114
up €105,114 (+21.3%), from €494,132 to €599,246
- Trade debts +€110,821
up €110,821 (+12.0%), from €922,030 to €1.0m
- Current portion of long-term debt +€62,084
up €62,084 (+207.8%), from €29,877 to €91,961
- Debts after one year -€41,138
down €41,138 (-9.2%), from €446,177 to €405,039
- Tax, wage and social debts -€24,377
down €24,377 (-14.7%), from €165,349 to €140,972
of which Taxes: -€24,941
- Depreciation +€57,660
up €57,660 (+66.7%), from €86,383 to €144,042
- Gross operating margin +€47,182
up €47,182 (+4.4%), from €1.1m to €1.1m
- Staff costs -€19,634
down €19,634 (-2.1%), from €932,432 to €912,798
- Financial charges +€16,316
up €16,316 (+111.9%), from €14,578 to €30,893
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 | €1,702,295 | €1,816,930 | +€114,634 | +6.7% |
| Fixed assets | 21/28 | €306,469 | €802,975 | +€496,506 | +162.0% |
| Tangible fixed assets | 22/27 | €306,469 | €802,975 | +€496,506 | +162.0% |
| Plant, machinery and equipment | 23 | €15,920 | €72,648 | +€56,728 | +356.3% |
| Furniture and vehicles | 24 | €0 | €10,255 | +€10,255 | |
| Other tangible fixed assets | 26 | €290,548 | €720,071 | +€429,523 | +147.8% |
| Current assets | 29/58 | €1,395,827 | €1,013,955 | -€381,872 | -27.4% |
| Stocks and contracts in progress | 3 | €494,132 | €599,246 | +€105,114 | +21.3% |
| Stocks | 30/36 | €494,132 | €599,246 | +€105,114 | +21.3% |
| Amounts receivable within one year | 40/41 | €775,207 | €102,452 | -€672,755 | -86.8% |
| Trade receivables | 40 | €170,633 | €78,769 | -€91,865 | -53.8% |
| Other amounts receivable | 41 | €604,573 | €23,683 | -€580,890 | -96.1% |
| Cash at bank and in hand | 54/58 | €118,973 | €292,526 | +€173,553 | +145.9% |
| Deferred charges and accrued income | 490/1 | €7,515 | €19,731 | +€12,216 | +162.6% |
| Total equity and liabilities | 10/49 | €1,702,295 | €1,816,930 | +€114,634 | +6.7% |
| Equity | 10/15 | €30,096 | €30,803 | +€707 | +2.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,096 | €8,803 | +€707 | +8.7% |
| Amounts payable | 17/49 | €1,672,199 | €1,786,126 | +€113,927 | +6.8% |
| Amounts payable after more than one year | 17 | €446,177 | €405,039 | -€41,138 | -9.2% |
| Financial debts | 170/4 | €446,177 | €405,039 | -€41,138 | -9.2% |
| Amounts payable within one year | 42/48 | €1,226,022 | €1,381,087 | +€155,065 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €29,877 | €91,961 | +€62,084 | +207.8% |
| Financial debts | 43 | €108,766 | €115,303 | +€6,537 | +6.0% |
| Credit institutions | 430/8 | €108,766 | €115,303 | +€6,537 | +6.0% |
| Trade debts | 44 | €922,030 | €1,032,851 | +€110,821 | +12.0% |
| Suppliers | 440/4 | €922,030 | €1,032,851 | +€110,821 | +12.0% |
| Taxes, remuneration and social security | 45 | €165,349 | €140,972 | -€24,377 | -14.7% |
| Taxes | 450/3 | €31,560 | €6,619 | -€24,941 | -79.0% |
| Remuneration and social security | 454/9 | €133,789 | €134,353 | +€564 | +0.4% |
| Non-recurring operating income | 76A | €90 | €8,848 | +€8,758 | +9779.4% |
| Remuneration, social security and pensions | 62 | €932,432 | €912,798 | -€19,634 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,383 | €144,042 | +€57,660 | +66.7% |
| Other operating charges | 640/8 | €38,364 | €39,271 | +€907 | +2.4% |
| Non-recurring operating charges | 66A | €868 | €0 | -€868 | -100.0% |
| Gross operating margin | 9900 | €1,073,541 | €1,120,723 | +€47,182 | +4.4% |
| Operating profit (loss) | 9901 | €15,495 | €24,611 | +€9,116 | +58.8% |
| Financial income | 75/76B | €7,574 | €12,216 | +€4,642 | +61.3% |
| Recurring financial income | 75 | €7,574 | €12,216 | +€4,642 | +61.3% |
| Financial charges | 65/66B | €14,578 | €30,893 | +€16,316 | +111.9% |
| Recurring financial charges | 65 | €14,578 | €30,893 | +€16,316 | +111.9% |
| Profit (loss) for the period before taxes | 9903 | €8,491 | €5,934 | -€2,557 | -30.1% |
| Income taxes | 67/77 | €6,091 | €5,227 | -€864 | -14.2% |
| Profit (loss) for the period | 9904 | €2,400 | €707 | -€1,693 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,400 | €707 | -€1,693 | -70.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.