HIWO: 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.
HIWO
Largest movements
- Cash +€14,243
up €14,243 (+64.7%), from €22,029 to €36,272
mainly Net result for the year (+€12,464) and Receivables within one year (+€10,710)
- Receivables within one year -€10,710
down €10,710 (-37.4%), from €28,666 to €17,956
- Tangible fixed assets +€1,050
up €1,050 (+16.5%), from €6,371 to €7,421
of which Plant, machinery and equipment: +€1,610
- Deferred charges and accrued income +€986
up €986 (+326%), from €303 to €1,288
- Reserves +€4,964
up €4,964 (+21.9%), from €22,633 to €27,596
- Taxes +€2,832
up €2,832 (+68.4%), from €4,141 to €6,973
- Financial income -€1,814
down €1,814 (-98.6%), from €1,840 to €26
- Other operating charges -€1,473
down €1,473 (-80.9%), from €1,820 to €348
- Depreciation -€522
down €522 (-10.4%), from €5,009 to €4,488
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.
Derived cash bridge
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 | €57,368 | €62,937 | +€5,569 | +9.7% |
| Fixed assets | 21/28 | €6,371 | €7,421 | +€1,050 | +16.5% |
| Tangible fixed assets | 22/27 | €6,371 | €7,421 | +€1,050 | +16.5% |
| Plant, machinery and equipment | 23 | €4,225 | €5,834 | +€1,610 | +38.1% |
| Furniture and vehicles | 24 | €2,147 | €1,587 | -€560 | -26.1% |
| Current assets | 29/58 | €50,997 | €55,516 | +€4,519 | +8.9% |
| Amounts receivable within one year | 40/41 | €28,666 | €17,956 | -€10,710 | -37.4% |
| Trade receivables | 40 | €28,666 | €17,956 | -€10,710 | -37.4% |
| Cash at bank and in hand | 54/58 | €22,029 | €36,272 | +€14,243 | +64.7% |
| Deferred charges and accrued income | 490/1 | €303 | €1,288 | +€986 | +326% |
| Total equity and liabilities | 10/49 | €57,368 | €62,937 | +€5,569 | +9.7% |
| Equity | 10/15 | €41,233 | €46,196 | +€4,964 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,633 | €27,596 | +€4,964 | +21.9% |
| Distributable reserves | 133 | €22,633 | €27,596 | +€4,964 | +21.9% |
| Amounts payable | 17/49 | €16,136 | €16,741 | +€605 | +3.7% |
| Amounts payable within one year | 42/48 | €16,136 | €16,741 | +€605 | +3.7% |
| Trade debts | 44 | €4,320 | €3,970 | -€349 | -8.1% |
| Suppliers | 440/4 | €4,320 | €3,970 | -€349 | -8.1% |
| Taxes, remuneration and social security | 45 | €10,476 | €10,873 | +€398 | +3.8% |
| Taxes | 450/3 | €8,556 | €10,873 | +€2,318 | +27.1% |
| Remuneration and social security | 454/9 | €1,920 | - | -€1,920 | |
| Other amounts payable | 47/48 | €1,341 | €1,897 | +€556 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,009 | €4,488 | -€522 | -10.4% |
| Other operating charges | 640/8 | €1,820 | €348 | -€1,473 | -80.9% |
| Gross operating margin | 9900 | €24,870 | €25,073 | +€203 | +0.8% |
| Operating profit (loss) | 9901 | €18,040 | €20,238 | +€2,198 | +12.2% |
| Financial income | 75/76B | €1,840 | €26 | -€1,814 | -98.6% |
| Recurring financial income | 75 | €1,840 | €26 | -€1,814 | -98.6% |
| Financial charges | 65/66B | €850 | €827 | -€23 | -2.8% |
| Recurring financial charges | 65 | €850 | €827 | -€23 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €19,029 | €19,436 | +€407 | +2.1% |
| Income taxes | 67/77 | €4,141 | €6,973 | +€2,832 | +68.4% |
| Profit (loss) for the period | 9904 | €14,888 | €12,464 | -€2,424 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,888 | €12,464 | -€2,424 | -16.3% |
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 14 October 2026 via checked.be.