HWI: 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.
HWI
Largest movements
- Cash +€80,143
up €80,143 (+912.6%), from €8,782 to €88,925
mainly Net result for the year (+€57,609) and Investment in fixed assets (net) (+€43,000)
- Financial fixed assets -€43,000
down €43,000 (-25.8%), from €166,837 to €123,837
- Receivables within one year +€18,796
new in 2024: €18,796
- Tangible fixed assets -€5,000
down €5,000 (-9.9%), from €50,697 to €45,697
of which Furniture and vehicles: -€5,000
- Profit (loss) carried forward +€57,609
up €57,609 (+90.3%), from €63,782 to €121,390
- Tax, wage and social debts -€6,769
no longer reported in 2024 (was €6,769)
- Gross operating margin +€5,521
up €5,521 (+7.2%), from €76,826 to €82,348
- Depreciation +€5,000
new in 2024: €5,000
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €226,315 | €277,255 | +€50,940 | +22.5% |
| Fixed assets | 21/28 | €217,533 | €169,534 | -€48,000 | -22.1% |
| Tangible fixed assets | 22/27 | €50,697 | €45,697 | -€5,000 | -9.9% |
| Land and buildings | 22 | €35,697 | €35,697 | = | 0.0% |
| Furniture and vehicles | 24 | €15,000 | €10,001 | -€5,000 | -33.3% |
| Financial fixed assets | 28 | €166,837 | €123,837 | -€43,000 | -25.8% |
| Current assets | 29/58 | €8,782 | €107,721 | +€98,939 | +1126.7% |
| Amounts receivable within one year | 40/41 | - | €18,796 | +€18,796 | |
| Other amounts receivable | 41 | - | €18,796 | +€18,796 | |
| Cash at bank and in hand | 54/58 | €8,782 | €88,925 | +€80,143 | +912.6% |
| Total equity and liabilities | 10/49 | €226,315 | €277,255 | +€50,940 | +22.5% |
| Equity | 10/15 | €83,448 | €141,057 | +€57,609 | +69.0% |
| Contributions | 10/11 | €17,878 | €17,878 | = | 0.0% |
| Reserves | 13 | €1,789 | €1,789 | = | 0.0% |
| Distributable reserves | 133 | €1,789 | €1,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,782 | €121,390 | +€57,609 | +90.3% |
| Amounts payable | 17/49 | €142,867 | €136,198 | -€6,669 | -4.7% |
| Amounts payable within one year | 42/48 | €136,467 | €129,698 | -€6,769 | -5.0% |
| Taxes, remuneration and social security | 45 | €6,769 | - | -€6,769 | |
| Taxes | 450/3 | €6,769 | - | -€6,769 | |
| Other amounts payable | 47/48 | €129,698 | €129,698 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,400 | €6,500 | +€100 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €76,826 | €82,348 | +€5,521 | +7.2% |
| Operating profit (loss) | 9901 | €76,442 | €76,961 | +€519 | +0.7% |
| Financial charges | 65/66B | €166 | €146 | -€20 | -12.0% |
| Recurring financial charges | 65 | €166 | €146 | -€20 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €76,276 | €76,815 | +€539 | +0.7% |
| Income taxes | 67/77 | €19,769 | €19,206 | -€563 | -2.8% |
| Profit (loss) for the period | 9904 | €56,507 | €57,609 | +€1,101 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,507 | €57,609 | +€1,101 | +1.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.