HEWALO: 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.
HEWALO
Largest movements
- Receivables within one year +€50,892
up €50,892 (+100%), from €50,770 to €101,662
- Tangible fixed assets -€30,002
down €30,002 (-27.0%), from €111,263 to €81,261
of which Furniture and vehicles: -€21,033
- Stocks and contracts +€19,825
up €19,825 (+185%), from €10,717 to €30,542
of which Contracts in progress: +€17,706
- Deferred charges and accrued income +€16,274
up €16,274 (+234%), from €6,952 to €23,226
- Cash -€7,404
down €7,404 (-14.0%), from €52,726 to €45,322
mainly Receivables within one year (-€50,892) and Debts after one year (-€23,247)
- Trade debts +€60,641
up €60,641 (+2,330%), from €2,602 to €63,243
- Debts after one year -€23,247
down €23,247 (-36.7%), from €63,422 to €40,176
- Accrued charges and deferred income -€7,111
down €7,111 (-34.7%), from €20,483 to €13,372
- Tax, wage and social debts +€6,858
up €6,858 (+21.7%), from €31,545 to €38,403
of which Taxes: +€3,862
- Profit (loss) carried forward +€6,077
no longer reported in 2024 (was -€6,077)
- Gross operating margin +€50,431
up €50,431 (+28.5%), from €176,664 to €227,096
- Staff costs +€17,527
up €17,527 (+11.9%), from €147,768 to €165,295
- Depreciation +€8,407
up €8,407 (+31.2%), from €26,962 to €35,369
- Taxes +€4,932
up €4,932 (+297%), from €1,660 to €6,591
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,382 | €298,967 | +€49,585 | +19.9% |
| Fixed assets | 21/28 | €111,263 | €81,261 | -€30,002 | -27.0% |
| Tangible fixed assets | 22/27 | €111,263 | €81,261 | -€30,002 | -27.0% |
| Plant, machinery and equipment | 23 | €36,042 | €27,072 | -€8,969 | -24.9% |
| Furniture and vehicles | 24 | €75,222 | €54,189 | -€21,033 | -28.0% |
| Current assets | 29/58 | €138,119 | €217,706 | +€79,587 | +57.6% |
| Stocks and contracts in progress | 3 | €10,717 | €30,542 | +€19,825 | +185% |
| Stocks | 30/36 | €6,035 | €8,153 | +€2,119 | +35.1% |
| Contracts in progress | 37 | €4,682 | €22,388 | +€17,706 | +378% |
| Amounts receivable within one year | 40/41 | €50,770 | €101,662 | +€50,892 | +100% |
| Trade receivables | 40 | €50,770 | €101,662 | +€50,892 | +100% |
| Current investments | 50/53 | €16,955 | €16,955 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,726 | €45,322 | -€7,404 | -14.0% |
| Deferred charges and accrued income | 490/1 | €6,952 | €23,226 | +€16,274 | +234% |
| Total equity and liabilities | 10/49 | €249,382 | €298,967 | +€49,585 | +19.9% |
| Equity | 10/15 | €78,159 | €88,079 | +€9,920 | +12.7% |
| Contributions | 10/11 | €18,642 | €18,642 | = | 0.0% |
| Reserves | 13 | €65,595 | €68,497 | +€2,902 | +4.4% |
| Non-distributable reserves | 130/1 | €18,819 | €18,819 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,864 | €1,864 | = | 0.0% |
| Own shares acquired | 1312 | €16,955 | €16,955 | = | 0.0% |
| Distributable reserves | 133 | €46,777 | €49,678 | +€2,902 | +6.2% |
| Profit (loss) carried forward | 14 | -€6,077 | - | +€6,077 | |
| Investment grants | 15 | - | €941 | +€941 | |
| Amounts payable | 17/49 | €171,223 | €210,888 | +€39,665 | +23.2% |
| Amounts payable after more than one year | 17 | €63,422 | €40,176 | -€23,247 | -36.7% |
| Financial debts | 170/4 | €63,422 | €40,176 | -€23,247 | -36.7% |
| Amounts payable within one year | 42/48 | €87,318 | €157,340 | +€70,023 | +80.2% |
| Current portion of amounts payable after more than one year | 42 | €22,538 | €23,247 | +€708 | +3.1% |
| Trade debts | 44 | €2,602 | €63,243 | +€60,641 | +2,330% |
| Suppliers | 440/4 | €2,602 | €63,243 | +€60,641 | +2,330% |
| Taxes, remuneration and social security | 45 | €31,545 | €38,403 | +€6,858 | +21.7% |
| Taxes | 450/3 | €24,029 | €27,891 | +€3,862 | +16.1% |
| Remuneration and social security | 454/9 | €7,516 | €10,512 | +€2,996 | +39.9% |
| Other amounts payable | 47/48 | €30,632 | €32,448 | +€1,816 | +5.9% |
| Accrued charges and deferred income | 492/3 | €20,483 | €13,372 | -€7,111 | -34.7% |
| Non-recurring operating income | 76A | €750 | - | -€750 | |
| Remuneration, social security and pensions | 62 | €147,768 | €165,295 | +€17,527 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,962 | €35,369 | +€8,407 | +31.2% |
| Other operating charges | 640/8 | €3,556 | €5,732 | +€2,176 | +61.2% |
| Gross operating margin | 9900 | €176,664 | €227,096 | +€50,431 | +28.5% |
| Operating profit (loss) | 9901 | -€1,621 | €20,700 | +€22,322 | |
| Financial income | 75/76B | €1,117 | €2,310 | +€1,193 | +107% |
| Recurring financial income | 75 | €1,117 | €2,310 | +€1,193 | +107% |
| Financial charges | 65/66B | €3,914 | €5,740 | +€1,826 | +46.7% |
| Recurring financial charges | 65 | €3,914 | €5,740 | +€1,826 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,418 | €17,271 | +€21,689 | |
| Income taxes | 67/77 | €1,660 | €6,591 | +€4,932 | +297% |
| Profit (loss) for the period | 9904 | -€6,077 | €10,679 | +€16,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,077 | €10,679 | +€16,757 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.