HMWR Trading: 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.
HMWR Trading
Largest movements
- Stocks and contracts +€34,125
up €34,125 (+3,900%), from €875 to €35,000
- Tangible fixed assets +€28,905
up €28,905 (+11.6%), from €249,925 to €278,830
of which Land and buildings: +€25,390
- Receivables within one year +€21,263
up €21,263 (+198%), from €10,751 to €32,014
of which Trade receivables: +€13,362
- Debts after one year +€37,040
up €37,040 (+14.4%), from €257,231 to €294,271
of which Other amounts payable: +€44,500
- Other debts +€25,993
up €25,993 (+1,931%), from €1,346 to €27,339
- Profit (loss) carried forward +€16,750
up €16,750 (+625%), from €2,680 to €19,430
- Gross operating margin +€43,921
up €43,921 (+547%), from €8,033 to €51,954
- Depreciation +€4,880
up €4,880 (+255%), from €1,912 to €6,792
- Financial charges +€4,156
up €4,156 (+148%), from €2,810 to €6,966
- Taxes +€2,401
up €2,401 (+269%), from €894 to €3,295
- Financial income +€796
up €796 (+90.0%), from €884 to €1,680
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 | €279,268 | €364,691 | +€85,423 | +30.6% |
| Fixed assets | 21/28 | €249,925 | €278,830 | +€28,905 | +11.6% |
| Tangible fixed assets | 22/27 | €249,925 | €278,830 | +€28,905 | +11.6% |
| Land and buildings | 22 | €249,925 | €275,315 | +€25,390 | +10.2% |
| Plant, machinery and equipment | 23 | - | €2,364 | +€2,364 | |
| Furniture and vehicles | 24 | - | €1,151 | +€1,151 | |
| Current assets | 29/58 | €29,343 | €85,861 | +€56,518 | +193% |
| Stocks and contracts in progress | 3 | €875 | €35,000 | +€34,125 | +3,900% |
| Stocks | 30/36 | €875 | €35,000 | +€34,125 | +3,900% |
| Amounts receivable within one year | 40/41 | €10,751 | €32,014 | +€21,263 | +198% |
| Trade receivables | 40 | €6,361 | €19,723 | +€13,362 | +210% |
| Other amounts receivable | 41 | €4,390 | €12,291 | +€7,901 | +180% |
| Cash at bank and in hand | 54/58 | €17,717 | €18,847 | +€1,130 | +6.4% |
| Total equity and liabilities | 10/49 | €279,268 | €364,691 | +€85,423 | +30.6% |
| Equity | 10/15 | €4,680 | €21,430 | +€16,750 | +358% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,680 | €19,430 | +€16,750 | +625% |
| Amounts payable | 17/49 | €274,588 | €343,261 | +€68,673 | +25.0% |
| Amounts payable after more than one year | 17 | €257,231 | €294,271 | +€37,040 | +14.4% |
| Financial debts | 170/4 | €142,231 | €134,771 | -€7,460 | -5.2% |
| Other amounts payable | 178/9 | €115,000 | €159,500 | +€44,500 | +38.7% |
| Amounts payable within one year | 42/48 | €17,348 | €45,640 | +€28,292 | +163% |
| Current portion of amounts payable after more than one year | 42 | €7,115 | €7,459 | +€344 | +4.8% |
| Trade debts | 44 | €7,946 | €7,500 | -€446 | -5.6% |
| Suppliers | 440/4 | €7,946 | €7,500 | -€446 | -5.6% |
| Taxes, remuneration and social security | 45 | €941 | €3,342 | +€2,401 | +255% |
| Taxes | 450/3 | €941 | €3,342 | +€2,401 | +255% |
| Other amounts payable | 47/48 | €1,346 | €27,339 | +€25,993 | +1,931% |
| Accrued charges and deferred income | 492/3 | €9 | €3,350 | +€3,341 | +37,122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,912 | €6,792 | +€4,880 | +255% |
| Other operating charges | 640/8 | €621 | €831 | +€210 | +33.8% |
| Gross operating margin | 9900 | €8,033 | €51,954 | +€43,921 | +547% |
| Operating profit (loss) | 9901 | €5,500 | €44,331 | +€38,831 | +706% |
| Financial income | 75/76B | €884 | €1,680 | +€796 | +90.0% |
| Recurring financial income | 75 | €884 | €1,680 | +€796 | +90.0% |
| Financial charges | 65/66B | €2,810 | €6,966 | +€4,156 | +148% |
| Recurring financial charges | 65 | €2,810 | €6,966 | +€4,156 | +148% |
| Profit (loss) for the period before taxes | 9903 | €3,574 | €39,045 | +€35,471 | +992% |
| Income taxes | 67/77 | €894 | €3,295 | +€2,401 | +269% |
| Profit (loss) for the period | 9904 | €2,680 | €35,750 | +€33,070 | +1,234% |
| Profit (loss) for the period to be appropriated | 9905 | €2,680 | €35,750 | +€33,070 | +1,234% |
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 31 October 2026 via checked.be.