A.S.W.: 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.
A.S.W.
Largest movements
- Receivables within one year -€70,251
down €70,251 (-97.6%), from €71,958 to €1,707
of which Other amounts receivable: -€62,928
- Cash +€63,946
up €63,946 (+77.5%), from €82,539 to €146,485
mainly Receivables within one year (+€70,251) and Other debts (+€12,562)
- Deferred charges and accrued income +€2,896
up €2,896 (+356%), from €813 to €3,709
- Other debts +€12,562
up €12,562 (+1,570%), from €800 to €13,362
- Trade debts -€9,052
down €9,052 (-95.8%), from €9,449 to €396
- Reserves -€7,540
down €7,540 (-9.3%), from €81,406 to €73,866
of which Distributable reserves: -€7,540
- Other operating charges -€872
down €872 (-46.8%), from €1,864 to €991
- Taxes +€407
up €407 (+15.2%), from €2,676 to €3,084
- Gross operating margin +€292
up €292 (+3.4%), from €8,669 to €8,961
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 | €159,297 | €155,317 | -€3,980 | -2.5% |
| Current assets | 29/58 | €159,297 | €155,317 | -€3,980 | -2.5% |
| Stocks and contracts in progress | 3 | €3,988 | €3,417 | -€570 | -14.3% |
| Stocks | 30/36 | €3,988 | €3,417 | -€570 | -14.3% |
| Amounts receivable within one year | 40/41 | €71,958 | €1,707 | -€70,251 | -97.6% |
| Trade receivables | 40 | €9,030 | €1,707 | -€7,324 | -81.1% |
| Other amounts receivable | 41 | €62,928 | €0 | -€62,928 | -100% |
| Cash at bank and in hand | 54/58 | €82,539 | €146,485 | +€63,946 | +77.5% |
| Deferred charges and accrued income | 490/1 | €813 | €3,709 | +€2,896 | +356% |
| Total equity and liabilities | 10/49 | €159,297 | €155,317 | -€3,980 | -2.5% |
| Equity | 10/15 | €143,406 | €135,866 | -€7,540 | -5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €81,406 | €73,866 | -€7,540 | -9.3% |
| Non-distributable reserves | 130/1 | €9,405 | €9,405 | = | 0.0% |
| Legal reserve | 130 | €9,405 | €9,405 | = | 0.0% |
| Distributable reserves | 133 | €72,002 | €64,462 | -€7,540 | -10.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,891 | €19,451 | +€3,560 | +22.4% |
| Amounts payable within one year | 42/48 | €15,891 | €19,451 | +€3,560 | +22.4% |
| Trade debts | 44 | €9,449 | €396 | -€9,052 | -95.8% |
| Suppliers | 440/4 | €9,449 | €396 | -€9,052 | -95.8% |
| Taxes, remuneration and social security | 45 | €5,642 | €5,693 | +€50 | +0.9% |
| Taxes | 450/3 | €5,642 | €5,693 | +€50 | +0.9% |
| Other amounts payable | 47/48 | €800 | €13,362 | +€12,562 | +1,570% |
| Other operating charges | 640/8 | €1,864 | €991 | -€872 | -46.8% |
| Gross operating margin | 9900 | €8,669 | €8,961 | +€292 | +3.4% |
| Operating profit (loss) | 9901 | €6,805 | €7,970 | +€1,165 | +17.1% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100% |
| Financial charges | 65/66B | €169 | €172 | +€3 | +1.7% |
| Recurring financial charges | 65 | €169 | €172 | +€3 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €6,647 | €7,798 | +€1,151 | +17.3% |
| Income taxes | 67/77 | €2,676 | €3,084 | +€407 | +15.2% |
| Profit (loss) for the period | 9904 | €3,971 | €4,714 | +€743 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,971 | €4,714 | +€743 | +18.7% |
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 23 October 2026 via checked.be.