HUWAR: 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.
HUWAR
Largest movements
- Receivables within one year +€1,950
up €1,950 (+1.5%), from €126,900 to €128,850
- Trade debts -€6,337
down €6,337 (-79.9%), from €7,934 to €1,597
- Profit (loss) carried forward +€5,890
up €5,890 (+33.4%), from €17,652 to €23,542
- Other operating charges +€956
up €956 (+8.3%), from €11,463 to €12,419
- Gross operating margin +€864
up €864 (+4.5%), from €19,354 to €20,218
- Depreciation -€249
no longer reported in 2025 (was €249)
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 | €185,699 | €186,850 | +€1,151 | +0.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €57,016 | €57,016 | = | 0.0% |
| Tangible fixed assets | 22/27 | €57,016 | €57,016 | = | 0.0% |
| Land and buildings | 22 | €57,016 | €57,016 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €128,683 | €129,835 | +€1,151 | +0.9% |
| Amounts receivable within one year | 40/41 | €126,900 | €128,850 | +€1,950 | +1.5% |
| Other amounts receivable | 41 | €126,900 | €128,850 | +€1,950 | +1.5% |
| Cash at bank and in hand | 54/58 | €1,783 | €985 | -€799 | -44.8% |
| Total equity and liabilities | 10/49 | €185,699 | €186,850 | +€1,151 | +0.6% |
| Equity | 10/15 | €84,138 | €90,027 | +€5,890 | +7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,886 | €47,886 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,081 | €9,081 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,081 | €9,081 | = | 0.0% |
| Distributable reserves | 133 | €38,805 | €38,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,652 | €23,542 | +€5,890 | +33.4% |
| Amounts payable | 17/49 | €101,561 | €96,823 | -€4,738 | -4.7% |
| Amounts payable within one year | 42/48 | €101,561 | €96,823 | -€4,738 | -4.7% |
| Trade debts | 44 | €7,934 | €1,597 | -€6,337 | -79.9% |
| Suppliers | 440/4 | €7,934 | €1,597 | -€6,337 | -79.9% |
| Taxes, remuneration and social security | 45 | €1,605 | €3,203 | +€1,599 | +99.6% |
| Taxes | 450/3 | €1,605 | €3,203 | +€1,599 | +99.6% |
| Other amounts payable | 47/48 | €92,022 | €92,022 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | - | -€249 | |
| Other operating charges | 640/8 | €11,463 | €12,419 | +€956 | +8.3% |
| Gross operating margin | 9900 | €19,354 | €20,218 | +€864 | +4.5% |
| Operating profit (loss) | 9901 | €7,642 | €7,800 | +€158 | +2.1% |
| Financial charges | 65/66B | €282 | €311 | +€29 | +10.5% |
| Recurring financial charges | 65 | €282 | €311 | +€29 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €7,360 | €7,488 | +€128 | +1.7% |
| Income taxes | 67/77 | €1,605 | €1,599 | -€6 | -0.4% |
| Profit (loss) for the period | 9904 | €5,756 | €5,890 | +€134 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,756 | €5,890 | +€134 | +2.3% |
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.