HW Bouw: 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.
HW Bouw
Largest movements
- Cash +€9,192
up €9,192 (+67.3%), from €13,649 to €22,841
mainly Net result for the year (+€7,140) and Depreciation (+€4,544)
- Receivables within one year +€2,231
up €2,231 (+16.5%), from €13,523 to €15,754
of which Trade receivables: +€2,239
- Tangible fixed assets +€1,112
up €1,112 (+11.8%), from €9,394 to €10,506
of which Land and buildings: +€2,548
- Reserves +€7,140
up €7,140 (+60.7%), from €11,763 to €18,903
- Trade debts +€3,805
up €3,805 (+785%), from €485 to €4,290
- Tax, wage and social debts +€1,882
up €1,882 (+15.7%), from €12,005 to €13,887
- Gross operating margin +€8,157
up €8,157 (+62.9%), from €12,966 to €21,124
- Taxes +€2,461
up €2,461 (+115%), from €2,140 to €4,600
- Depreciation +€1,138
up €1,138 (+33.4%), from €3,406 to €4,544
- Financial charges -€1,004
down €1,004 (-24.4%), from €4,116 to €3,113
- Other operating charges +€903
up €903 (+116%), from €778 to €1,681
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 | €38,160 | €50,933 | +€12,773 | +33.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €9,394 | €10,506 | +€1,112 | +11.8% |
| Tangible fixed assets | 22/27 | €9,394 | €10,506 | +€1,112 | +11.8% |
| Land and buildings | 22 | - | €2,548 | +€2,548 | |
| Furniture and vehicles | 24 | €9,394 | €7,958 | -€1,436 | -15.3% |
| Current assets | 29/58 | €28,767 | €40,427 | +€11,661 | +40.5% |
| Amounts receivable within one year | 40/41 | €13,523 | €15,754 | +€2,231 | +16.5% |
| Trade receivables | 40 | €13,367 | €15,606 | +€2,239 | +16.7% |
| Other amounts receivable | 41 | €156 | €148 | -€8 | -5.1% |
| Current investments | 50/53 | €410 | €410 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,649 | €22,841 | +€9,192 | +67.3% |
| Deferred charges and accrued income | 490/1 | €1,185 | €1,423 | +€238 | +20.1% |
| Total equity and liabilities | 10/49 | €38,160 | €50,933 | +€12,773 | +33.5% |
| Equity | 10/15 | €19,676 | €26,816 | +€7,140 | +36.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,763 | €18,903 | +€7,140 | +60.7% |
| Distributable reserves | 133 | €11,763 | €18,903 | +€7,140 | +60.7% |
| Profit (loss) carried forward | 14 | €5,913 | €5,913 | = | 0.0% |
| Amounts payable | 17/49 | €18,485 | €24,118 | +€5,633 | +30.5% |
| Amounts payable within one year | 42/48 | €18,485 | €24,118 | +€5,633 | +30.5% |
| Trade debts | 44 | €485 | €4,290 | +€3,805 | +785% |
| Suppliers | 440/4 | €485 | €4,290 | +€3,805 | +785% |
| Taxes, remuneration and social security | 45 | €12,005 | €13,887 | +€1,882 | +15.7% |
| Taxes | 450/3 | €12,005 | €13,887 | +€1,882 | +15.7% |
| Other amounts payable | 47/48 | €5,995 | €5,941 | -€54 | -0.9% |
| Remuneration, social security and pensions | 62 | €146 | €46 | -€101 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,406 | €4,544 | +€1,138 | +33.4% |
| Other operating charges | 640/8 | €778 | €1,681 | +€903 | +116% |
| Gross operating margin | 9900 | €12,966 | €21,124 | +€8,157 | +62.9% |
| Operating profit (loss) | 9901 | €8,635 | €14,853 | +€6,217 | +72.0% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €4,116 | €3,113 | -€1,004 | -24.4% |
| Recurring financial charges | 65 | €4,116 | €3,113 | -€1,004 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €4,524 | €11,740 | +€7,216 | +160% |
| Income taxes | 67/77 | €2,140 | €4,600 | +€2,461 | +115% |
| Profit (loss) for the period | 9904 | €2,384 | €7,140 | +€4,755 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €2,384 | €7,140 | +€4,755 | +199% |
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 26 October 2026 via checked.be.