HWH VINS: 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.
HWH VINS
Largest movements
- Stocks and contracts +€59,522
up €59,522 (+147%), from €40,497 to €100,018
- Tangible fixed assets +€50,164
up €50,164 (+65.5%), from €76,621 to €126,785
- Cash -€15,990
down €15,990 (-83.7%), from €19,093 to €3,103
mainly Investment in fixed assets (net) (-€69,649) and Stocks and contracts (-€59,522)
- Receivables within one year +€4,427
up €4,427 (+181%), from €2,444 to €6,871
of which Trade receivables: +€2,474
- Debts after one year +€105,064
up €105,064 (+56.7%), from €185,297 to €290,361
of which Financial debts: +€116,066
- Profit (loss) carried forward -€18,548
down €18,548 (-13.2%), from -€140,499 to -€159,047
- Current portion of long-term debt +€8,643
up €8,643 (+78.6%), from €11,002 to €19,645
- Trade debts +€8,459
up €8,459 (+49.7%), from €17,009 to €25,468
- Tax, wage and social debts -€5,495
down €5,495 (-94.0%), from €5,846 to €351
of which Taxes: -€5,495
- Depreciation +€7,552
up €7,552 (+63.3%), from €11,934 to €19,486
- Gross operating margin -€2,573
down €2,573 (-36.7%), from €7,020 to €4,447
- Financial income +€744
up €744 (+7,102%), from €10 to €755
- Financial charges +€525
up €525 (+151%), from €347 to €871
- Staff costs -€77
down €77 (-2.5%), from €3,069 to €2,991
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 | €138,654 | €236,777 | +€98,123 | +70.8% |
| Fixed assets | 21/28 | €76,621 | €126,785 | +€50,164 | +65.5% |
| Tangible fixed assets | 22/27 | €76,621 | €126,785 | +€50,164 | +65.5% |
| Plant, machinery and equipment | 23 | €76,621 | €126,785 | +€50,164 | +65.5% |
| Current assets | 29/58 | €62,033 | €109,993 | +€47,959 | +77.3% |
| Stocks and contracts in progress | 3 | €40,497 | €100,018 | +€59,522 | +147% |
| Stocks | 30/36 | €40,497 | €100,018 | +€59,522 | +147% |
| Amounts receivable within one year | 40/41 | €2,444 | €6,871 | +€4,427 | +181% |
| Trade receivables | 40 | €2,320 | €4,794 | +€2,474 | +107% |
| Other amounts receivable | 41 | €124 | €2,078 | +€1,954 | +1,579% |
| Cash at bank and in hand | 54/58 | €19,093 | €3,103 | -€15,990 | -83.7% |
| Total equity and liabilities | 10/49 | €138,654 | €236,777 | +€98,123 | +70.8% |
| Equity | 10/15 | -€80,499 | -€99,047 | -€18,548 | -23.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,499 | -€159,047 | -€18,548 | -13.2% |
| Amounts payable | 17/49 | €219,153 | €335,825 | +€116,671 | +53.2% |
| Amounts payable after more than one year | 17 | €185,297 | €290,361 | +€105,064 | +56.7% |
| Financial debts | 170/4 | €119,987 | €236,053 | +€116,066 | +96.7% |
| Advances received on contracts in progress | 176 | €65,310 | €54,308 | -€11,002 | -16.8% |
| Amounts payable within one year | 42/48 | €33,856 | €45,464 | +€11,607 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €11,002 | €19,645 | +€8,643 | +78.6% |
| Trade debts | 44 | €17,009 | €25,468 | +€8,459 | +49.7% |
| Suppliers | 440/4 | €17,009 | €25,468 | +€8,459 | +49.7% |
| Taxes, remuneration and social security | 45 | €5,846 | €351 | -€5,495 | -94.0% |
| Taxes | 450/3 | €5,846 | €351 | -€5,495 | -94.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €3,069 | €2,991 | -€77 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,934 | €19,486 | +€7,552 | +63.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €7,020 | €4,447 | -€2,573 | -36.7% |
| Operating profit (loss) | 9901 | -€8,370 | -€18,430 | -€10,060 | -120% |
| Financial income | 75/76B | €10 | €755 | +€744 | +7,102% |
| Recurring financial income | 75 | €10 | €755 | +€744 | +7,102% |
| Financial charges | 65/66B | €347 | €871 | +€525 | +151% |
| Recurring financial charges | 65 | €347 | €871 | +€525 | +151% |
| Profit (loss) for the period before taxes | 9903 | -€8,706 | -€18,547 | -€9,840 | -113% |
| Income taxes | 67/77 | €0 | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€8,706 | -€18,548 | -€9,842 | -113% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,706 | -€18,548 | -€9,842 | -113% |
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 24 October 2026 via checked.be.