HOEWIJ: 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.
HOEWIJ
Largest movements
- Cash +€8,394
up €8,394 (+21.2%), from €39,620 to €48,014
mainly Depreciation (+€7,200) and Net result for the year (+€1,048)
- Tangible fixed assets -€7,200
down €7,200 (-4.4%), from €164,894 to €157,694
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€4,000
down €4,000 (-26.1%), from €15,333 to €11,333
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 | €205,101 | €206,299 | +€1,198 | +0.6% |
| Fixed assets | 21/28 | €164,894 | €157,694 | -€7,200 | -4.4% |
| Tangible fixed assets | 22/27 | €164,894 | €157,694 | -€7,200 | -4.4% |
| Land and buildings | 22 | €164,894 | €157,694 | -€7,200 | -4.4% |
| Current assets | 29/58 | €40,208 | €48,606 | +€8,398 | +20.9% |
| Cash at bank and in hand | 54/58 | €39,620 | €48,014 | +€8,394 | +21.2% |
| Deferred charges and accrued income | 490/1 | €587 | €592 | +€4 | +0.8% |
| Total equity and liabilities | 10/49 | €205,101 | €206,299 | +€1,198 | +0.6% |
| Equity | 10/15 | €81,586 | €82,634 | +€1,048 | +1.3% |
| Contributions | 10/11 | €142,043 | €142,043 | = | 0.0% |
| Capital | 10 | €142,043 | €142,043 | = | 0.0% |
| Issued capital | 100 | €142,043 | €142,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,457 | -€59,409 | +€1,048 | +1.7% |
| Amounts payable | 17/49 | €123,516 | €123,666 | +€150 | +0.1% |
| Amounts payable within one year | 42/48 | €122,516 | €122,516 | = | 0.0% |
| Other amounts payable | 47/48 | €122,516 | €122,516 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,150 | +€150 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,200 | €7,200 | = | 0.0% |
| Other operating charges | 640/8 | €2,952 | €3,043 | +€91 | +3.1% |
| Gross operating margin | 9900 | €15,333 | €11,333 | -€4,000 | -26.1% |
| Operating profit (loss) | 9901 | €5,181 | €1,091 | -€4,090 | -79.0% |
| Financial charges | 65/66B | €29 | €42 | +€14 | +48.9% |
| Recurring financial charges | 65 | €29 | €42 | +€14 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €5,153 | €1,048 | -€4,104 | -79.7% |
| Profit (loss) for the period | 9904 | €5,153 | €1,048 | -€4,104 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,153 | €1,048 | -€4,104 | -79.7% |
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 3 October 2026 via checked.be.