HWWV: 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.
HWWV
Largest movements
- Cash -€7,658
down €7,658 (-13.4%), from €57,072 to €49,414
mainly Receivables within one year (-€7,269) and Investment in fixed assets (net) (-€1,150)
- Receivables within one year +€7,269
up €7,269, from €0 to €7,269
of which Other amounts receivable: +€7,269
- Financial fixed assets +€1,150
up €1,150 (+23469.4%), from €5 to €1,155
- Reserves +€2,250
up €2,250 (+53.2%), from €4,230 to €6,480
- Tax, wage and social debts -€1,040
down €1,040 (-48.0%), from €2,166 to €1,126
- Gross operating margin -€3,498
down €3,498 (-47.4%), from €7,382 to €3,883
- Taxes -€1,040
down €1,040 (-48.0%), from €2,166 to €1,126
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 | €57,077 | €57,838 | +€761 | +1.3% |
| Fixed assets | 21/28 | €5 | €1,155 | +€1,150 | +23469.4% |
| Financial fixed assets | 28 | €5 | €1,155 | +€1,150 | +23469.4% |
| Current assets | 29/58 | €57,072 | €56,683 | -€389 | -0.7% |
| Amounts receivable within one year | 40/41 | €0 | €7,269 | +€7,269 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €7,269 | +€7,269 | |
| Cash at bank and in hand | 54/58 | €57,072 | €49,414 | -€7,658 | -13.4% |
| Total equity and liabilities | 10/49 | €57,077 | €57,838 | +€761 | +1.3% |
| Equity | 10/15 | €54,230 | €56,480 | +€2,250 | +4.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €4,230 | €6,480 | +€2,250 | +53.2% |
| Distributable reserves | 133 | €4,230 | €6,480 | +€2,250 | +53.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,847 | €1,358 | -€1,489 | -52.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,847 | €1,358 | -€1,489 | -52.3% |
| Trade debts | 44 | €681 | €232 | -€449 | -65.9% |
| Suppliers | 440/4 | €681 | €232 | -€449 | -65.9% |
| Taxes, remuneration and social security | 45 | €2,166 | €1,126 | -€1,040 | -48.0% |
| Taxes | 450/3 | €2,166 | €1,126 | -€1,040 | -48.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €7,382 | €3,883 | -€3,498 | -47.4% |
| Operating profit (loss) | 9901 | €6,932 | €3,422 | -€3,511 | -50.6% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €6,886 | €3,375 | -€3,511 | -51.0% |
| Income taxes | 67/77 | €2,166 | €1,126 | -€1,040 | -48.0% |
| Profit (loss) for the period | 9904 | €4,720 | €2,250 | -€2,470 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,720 | €2,250 | -€2,470 | -52.3% |
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 7 October 2026 via checked.be.