HEWI: 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.
HEWI
Largest movements
- Stocks and contracts +€30,570
up €30,570 (+44.8%), from €68,217 to €98,787
- Cash -€26,275
down €26,275 (-19.6%), from €133,870 to €107,595
mainly Stocks and contracts (-€30,570) and Trade debts (-€23,520)
- Tangible fixed assets -€9,868
down €9,868 (-7.3%), from €134,530 to €124,662
of which Land and buildings: -€8,127
- Trade debts -€23,520
down €23,520 (-12.4%), from €190,353 to €166,833
- Profit (loss) carried forward +€20,150
up €20,150 (+71.2%), from -€28,286 to -€8,136
- Other operating charges +€7,308
up €7,308 (+104.9%), from €6,970 to €14,278
- Gross operating margin +€3,165
up €3,165 (+7.7%), from €41,290 to €44,455
- Depreciation -€1,002
down €1,002 (-8.6%), from €11,599 to €10,597
- Financial income +€757
up €757 (+3806.1%), from €20 to €777
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 | €362,440 | €358,299 | -€4,141 | -1.1% |
| Fixed assets | 21/28 | €134,530 | €124,662 | -€9,868 | -7.3% |
| Tangible fixed assets | 22/27 | €134,530 | €124,662 | -€9,868 | -7.3% |
| Land and buildings | 22 | €112,113 | €103,986 | -€8,127 | -7.2% |
| Plant, machinery and equipment | 23 | €22,417 | €20,676 | -€1,741 | -7.8% |
| Current assets | 29/58 | €227,911 | €233,637 | +€5,727 | +2.5% |
| Stocks and contracts in progress | 3 | €68,217 | €98,787 | +€30,570 | +44.8% |
| Stocks | 30/36 | €68,217 | €98,787 | +€30,570 | +44.8% |
| Amounts receivable within one year | 40/41 | €25,824 | €27,255 | +€1,431 | +5.5% |
| Trade receivables | 40 | €25,824 | €27,255 | +€1,431 | +5.5% |
| Cash at bank and in hand | 54/58 | €133,870 | €107,595 | -€26,275 | -19.6% |
| Total equity and liabilities | 10/49 | €362,440 | €358,299 | -€4,141 | -1.1% |
| Equity | 10/15 | €165,166 | €185,316 | +€20,150 | +12.2% |
| Contributions | 10/11 | €192,117 | €192,117 | = | 0.0% |
| Reserves | 13 | €1,335 | €1,335 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,335 | €1,335 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,335 | €1,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,286 | -€8,136 | +€20,150 | +71.2% |
| Amounts payable | 17/49 | €197,275 | €172,983 | -€24,291 | -12.3% |
| Amounts payable within one year | 42/48 | €197,275 | €172,983 | -€24,291 | -12.3% |
| Trade debts | 44 | €190,353 | €166,833 | -€23,520 | -12.4% |
| Suppliers | 440/4 | €190,353 | €166,833 | -€23,520 | -12.4% |
| Taxes, remuneration and social security | 45 | €5,466 | €3,992 | -€1,474 | -27.0% |
| Taxes | 450/3 | €5,466 | €3,992 | -€1,474 | -27.0% |
| Other amounts payable | 47/48 | €1,456 | €2,159 | +€703 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,599 | €10,597 | -€1,002 | -8.6% |
| Other operating charges | 640/8 | €6,970 | €14,278 | +€7,308 | +104.9% |
| Gross operating margin | 9900 | €41,290 | €44,455 | +€3,165 | +7.7% |
| Operating profit (loss) | 9901 | €22,721 | €19,580 | -€3,141 | -13.8% |
| Financial income | 75/76B | €20 | €777 | +€757 | +3806.1% |
| Recurring financial income | 75 | €20 | €777 | +€757 | +3806.1% |
| Financial charges | 65/66B | €548 | €207 | -€340 | -62.1% |
| Recurring financial charges | 65 | €548 | €207 | -€340 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €22,193 | €20,150 | -€2,043 | -9.2% |
| Profit (loss) for the period | 9904 | €22,193 | €20,150 | -€2,043 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,193 | €20,150 | -€2,043 | -9.2% |
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 8 October 2026 via checked.be.