TRUCKS HWS: 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.
TRUCKS HWS
Largest movements
- Stocks and contracts +€52,375
up €52,375 (+50.9%), from €102,953 to €155,328
- Tangible fixed assets -€46,374
down €46,374 (-16.0%), from €289,181 to €242,807
of which Furniture and vehicles: -€46,374
- Receivables within one year +€5,509
up €5,509 (+172%), from €3,206 to €8,715
of which Other amounts receivable: +€4,215
- Cash -€5,446
down €5,446 (-63.3%), from €8,599 to €3,153
mainly Stocks and contracts (-€52,375) and Debts after one year (-€27,487)
- Financial fixed assets +€5,000
up €5,000 (+850%), from €588 to €5,588
- Debts after one year -€27,487
down €27,487 (-13.5%), from €203,044 to €175,557
- Short-term financial debts +€26,515
up €26,515 (+162%), from €16,357 to €42,872
of which Credit institutions: +€26,523
- Profit (loss) carried forward +€11,573
up €11,573 (+10.0%), from €115,835 to €127,408
- Tax, wage and social debts +€8,957
up €8,957 (+131%), from €6,825 to €15,782
of which Remuneration and social security: +€10,822
- Trade debts -€4,667
down €4,667 (-25.0%), from €18,664 to €13,997
- Staff costs +€32,300
up €32,300 (+54.6%), from €59,129 to €91,429
- Gross operating margin +€30,084
up €30,084 (+21.3%), from €141,300 to €171,384
- Depreciation +€3,861
up €3,861 (+7.8%), from €49,793 to €53,654
- Financial charges -€2,632
down €2,632 (-27.6%), from €9,536 to €6,904
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 | €406,655 | €420,580 | +€13,925 | +3.4% |
| Fixed assets | 21/28 | €289,769 | €248,395 | -€41,374 | -14.3% |
| Tangible fixed assets | 22/27 | €289,181 | €242,807 | -€46,374 | -16.0% |
| Plant, machinery and equipment | 23 | €93,197 | €93,197 | = | 0.0% |
| Furniture and vehicles | 24 | €195,984 | €149,610 | -€46,374 | -23.7% |
| Financial fixed assets | 28 | €588 | €5,588 | +€5,000 | +850% |
| Current assets | 29/58 | €116,886 | €172,185 | +€55,299 | +47.3% |
| Stocks and contracts in progress | 3 | €102,953 | €155,328 | +€52,375 | +50.9% |
| Stocks | 30/36 | €102,953 | €155,328 | +€52,375 | +50.9% |
| Amounts receivable within one year | 40/41 | €3,206 | €8,715 | +€5,509 | +172% |
| Trade receivables | 40 | €3,206 | €4,500 | +€1,294 | +40.4% |
| Other amounts receivable | 41 | - | €4,215 | +€4,215 | |
| Cash at bank and in hand | 54/58 | €8,599 | €3,153 | -€5,446 | -63.3% |
| Deferred charges and accrued income | 490/1 | €2,128 | €4,989 | +€2,861 | +134% |
| Total equity and liabilities | 10/49 | €406,655 | €420,580 | +€13,925 | +3.4% |
| Equity | 10/15 | €136,295 | €147,868 | +€11,573 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,835 | €127,408 | +€11,573 | +10.0% |
| Amounts payable | 17/49 | €270,360 | €272,712 | +€2,352 | +0.9% |
| Amounts payable after more than one year | 17 | €203,044 | €175,557 | -€27,487 | -13.5% |
| Financial debts | 170/4 | €203,044 | €175,557 | -€27,487 | -13.5% |
| Amounts payable within one year | 42/48 | €65,596 | €96,401 | +€30,805 | +47.0% |
| Financial debts | 43 | €16,357 | €42,872 | +€26,515 | +162% |
| Credit institutions | 430/8 | - | €26,523 | +€26,523 | |
| Other loans | 439 | €16,357 | €16,349 | -€8 | 0.0% |
| Trade debts | 44 | €18,664 | €13,997 | -€4,667 | -25.0% |
| Suppliers | 440/4 | €18,664 | €13,997 | -€4,667 | -25.0% |
| Taxes, remuneration and social security | 45 | €6,825 | €15,782 | +€8,957 | +131% |
| Taxes | 450/3 | €1,865 | - | -€1,865 | |
| Remuneration and social security | 454/9 | €4,960 | €15,782 | +€10,822 | +218% |
| Other amounts payable | 47/48 | €23,750 | €23,750 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,720 | €754 | -€966 | -56.2% |
| Remuneration, social security and pensions | 62 | €59,129 | €91,429 | +€32,300 | +54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,793 | €53,654 | +€3,861 | +7.8% |
| Other operating charges | 640/8 | €3,426 | €3,852 | +€426 | +12.4% |
| Non-recurring operating charges | 66A | €839 | €238 | -€601 | -71.6% |
| Gross operating margin | 9900 | €141,300 | €171,384 | +€30,084 | +21.3% |
| Operating profit (loss) | 9901 | €28,113 | €22,211 | -€5,902 | -21.0% |
| Financial income | 75/76B | - | €150 | +€150 | |
| Recurring financial income | 75 | - | €150 | +€150 | |
| Financial charges | 65/66B | €9,536 | €6,904 | -€2,632 | -27.6% |
| Recurring financial charges | 65 | €9,536 | €6,904 | -€2,632 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €18,577 | €15,457 | -€3,120 | -16.8% |
| Income taxes | 67/77 | €4,685 | €3,884 | -€801 | -17.1% |
| Profit (loss) for the period | 9904 | €13,892 | €11,573 | -€2,319 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,892 | €11,573 | -€2,319 | -16.7% |
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 28 October 2026 via checked.be.