HEWI: 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.
HEWI
Largest movements
- Receivables after one year +€108,317
new in 2024: €108,317
- Cash -€40,594
down €40,594 (-74.1%), from €54,780 to €14,186
mainly Receivables after one year (-€108,317) and Other debts (-€20,253)
- Tangible fixed assets -€20,773
down €20,773 (-16.1%), from €128,914 to €108,141
of which Other tangible fixed assets: -€12,968
- Receivables within one year +€8,620
up €8,620 (+624.4%), from €1,380 to €10,000
of which Other amounts receivable: +€9,700
- Deferred charges and accrued income +€2,779
up €2,779 (+459.1%), from €605 to €3,385
- Tax, wage and social debts +€40,296
up €40,296 (+82.8%), from €48,667 to €88,963
of which Taxes: +€31,140
- Reserves +€37,768
up €37,768 (+36.9%), from €102,361 to €140,129
- Other debts -€20,253
no longer reported in 2024 (was €20,253)
- Gross operating margin +€36,537
up €36,537 (+23.7%), from €153,932 to €190,469
- Staff costs +€27,800
up €27,800 (+33.8%), from €82,148 to €109,948
- Taxes +€4,834
up €4,834 (+45.6%), from €10,609 to €15,443
- Other operating charges +€4,073
up €4,073 (+258.1%), from €1,578 to €5,650
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.
Cash bridge derived
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 | €207,082 | €263,726 | +€56,644 | +27.4% |
| Fixed assets | 21/28 | €136,669 | €115,896 | -€20,773 | -15.2% |
| Tangible fixed assets | 22/27 | €128,914 | €108,141 | -€20,773 | -16.1% |
| Plant, machinery and equipment | 23 | €18,235 | €12,876 | -€5,359 | -29.4% |
| Furniture and vehicles | 24 | €6,636 | €4,190 | -€2,446 | -36.9% |
| Other tangible fixed assets | 26 | €104,043 | €91,075 | -€12,968 | -12.5% |
| Financial fixed assets | 28 | €7,755 | €7,755 | = | 0.0% |
| Current assets | 29/58 | €70,413 | €147,830 | +€77,417 | +109.9% |
| Amounts receivable after more than one year | 29 | - | €108,317 | +€108,317 | |
| Other amounts receivable | 291 | - | €108,317 | +€108,317 | |
| Stocks and contracts in progress | 3 | €13,647 | €11,942 | -€1,705 | -12.5% |
| Stocks | 30/36 | €13,647 | €11,942 | -€1,705 | -12.5% |
| Amounts receivable within one year | 40/41 | €1,380 | €10,000 | +€8,620 | +624.4% |
| Trade receivables | 40 | €1,080 | - | -€1,080 | |
| Other amounts receivable | 41 | €300 | €10,000 | +€9,700 | +3233.3% |
| Cash at bank and in hand | 54/58 | €54,780 | €14,186 | -€40,594 | -74.1% |
| Deferred charges and accrued income | 490/1 | €605 | €3,385 | +€2,779 | +459.1% |
| Total equity and liabilities | 10/49 | €207,082 | €263,726 | +€56,644 | +27.4% |
| Equity | 10/15 | €120,961 | €158,729 | +€37,768 | +31.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,361 | €140,129 | +€37,768 | +36.9% |
| Distributable reserves | 133 | €102,361 | €140,129 | +€37,768 | +36.9% |
| Amounts payable | 17/49 | €86,120 | €104,997 | +€18,876 | +21.9% |
| Amounts payable within one year | 42/48 | €84,618 | €104,997 | +€20,379 | +24.1% |
| Trade debts | 44 | €15,698 | €16,033 | +€336 | +2.1% |
| Suppliers | 440/4 | €15,698 | €16,033 | +€336 | +2.1% |
| Taxes, remuneration and social security | 45 | €48,667 | €88,963 | +€40,296 | +82.8% |
| Taxes | 450/3 | €36,843 | €67,983 | +€31,140 | +84.5% |
| Remuneration and social security | 454/9 | €11,825 | €20,981 | +€9,156 | +77.4% |
| Other amounts payable | 47/48 | €20,253 | - | -€20,253 | |
| Accrued charges and deferred income | 492/3 | €1,502 | - | -€1,502 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €82,148 | €109,948 | +€27,800 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,688 | €20,773 | +€1,085 | +5.5% |
| Other operating charges | 640/8 | €1,578 | €5,650 | +€4,073 | +258.1% |
| Gross operating margin | 9900 | €153,932 | €190,469 | +€36,537 | +23.7% |
| Operating profit (loss) | 9901 | €50,519 | €54,097 | +€3,579 | +7.1% |
| Financial income | 75/76B | €1,365 | €454 | -€911 | -66.8% |
| Recurring financial income | 75 | €1,365 | €454 | -€911 | -66.8% |
| Financial charges | 65/66B | €2,365 | €1,340 | -€1,025 | -43.3% |
| Recurring financial charges | 65 | €2,365 | €1,340 | -€1,025 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €49,518 | €53,211 | +€3,692 | +7.5% |
| Income taxes | 67/77 | €10,609 | €15,443 | +€4,834 | +45.6% |
| Profit (loss) for the period | 9904 | €38,909 | €37,768 | -€1,141 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,909 | €37,768 | -€1,141 | -2.9% |
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 10 October 2026 via checked.be.