HYWAVETEC: 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.
HYWAVETEC
Largest movements
- Tangible fixed assets -€9,478
down €9,478 (-12.0%), from €79,109 to €69,631
of which Land and buildings: -€9,084
- Receivables within one year +€9,041
up €9,041 (+75.9%), from €11,918 to €20,959
of which Trade receivables: +€7,018
- Cash -€6,282
down €6,282 (-11.7%), from €53,635 to €47,353
mainly Receivables within one year (-€9,041) and Debts after one year (-€8,282)
- Debts after one year -€8,282
down €8,282 (-9.4%), from €87,681 to €79,400
- Other debts +€2,224
up €2,224 (+328.1%), from €678 to €2,901
- Trade debts -€1,664
down €1,664 (-82.0%), from €2,028 to €364
- Gross operating margin -€34,807
down €34,807 (-70.0%), from €49,711 to €14,904
- Taxes -€8,882
down €8,882 (-88.5%), from €10,035 to €1,154
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 | €144,662 | €137,943 | -€6,719 | -4.6% |
| Fixed assets | 21/28 | €79,109 | €69,631 | -€9,478 | -12.0% |
| Tangible fixed assets | 22/27 | €79,109 | €69,631 | -€9,478 | -12.0% |
| Land and buildings | 22 | €77,875 | €68,791 | -€9,084 | -11.7% |
| Furniture and vehicles | 24 | €1,234 | €840 | -€394 | -32.0% |
| Current assets | 29/58 | €65,553 | €68,313 | +€2,760 | +4.2% |
| Amounts receivable within one year | 40/41 | €11,918 | €20,959 | +€9,041 | +75.9% |
| Trade receivables | 40 | €9,523 | €16,541 | +€7,018 | +73.7% |
| Other amounts receivable | 41 | €2,394 | €4,418 | +€2,024 | +84.5% |
| Cash at bank and in hand | 54/58 | €53,635 | €47,353 | -€6,282 | -11.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €144,662 | €137,943 | -€6,719 | -4.6% |
| Equity | 10/15 | €46,089 | €46,996 | +€907 | +2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €33,689 | €34,596 | +€907 | +2.7% |
| Distributable reserves | 133 | €33,689 | €34,596 | +€907 | +2.7% |
| Amounts payable | 17/49 | €98,573 | €90,947 | -€7,626 | -7.7% |
| Amounts payable after more than one year | 17 | €87,681 | €79,400 | -€8,282 | -9.4% |
| Financial debts | 170/4 | €87,681 | €79,400 | -€8,282 | -9.4% |
| Amounts payable within one year | 42/48 | €10,891 | €11,547 | +€656 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €8,059 | €8,282 | +€222 | +2.8% |
| Trade debts | 44 | €2,028 | €364 | -€1,664 | -82.0% |
| Suppliers | 440/4 | €2,028 | €364 | -€1,664 | -82.0% |
| Taxes, remuneration and social security | 45 | €126 | €0 | -€126 | -100.0% |
| Taxes | 450/3 | €126 | €0 | -€126 | -100.0% |
| Other amounts payable | 47/48 | €678 | €2,901 | +€2,224 | +328.1% |
| Non-recurring operating income | 76A | €8,265 | €0 | -€8,265 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,728 | €9,478 | -€250 | -2.6% |
| Other operating charges | 640/8 | €991 | €853 | -€138 | -14.0% |
| Gross operating margin | 9900 | €49,711 | €14,904 | -€34,807 | -70.0% |
| Operating profit (loss) | 9901 | €38,992 | €4,573 | -€34,419 | -88.3% |
| Financial income | 75/76B | €1 | €3 | +€2 | +313.3% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +313.3% |
| Financial charges | 65/66B | €3,308 | €3,078 | -€230 | -7.0% |
| Recurring financial charges | 65 | €3,308 | €3,078 | -€230 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €35,684 | €1,498 | -€34,186 | -95.8% |
| Income taxes | 67/77 | €10,035 | €1,154 | -€8,882 | -88.5% |
| Profit (loss) for the period | 9904 | €25,649 | €344 | -€25,305 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,649 | €344 | -€25,305 | -98.7% |
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 30 September 2026 via checked.be.