A-S-W: what changed
What changed
A-S-W
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€128,221
2024 · €99,209+€29,012
Equity
€784,416
2024 · €656,195+€128,221
Cash
€254,733
2024 · €263,803-€9,070
Balance sheet total
€2.2m
2024 · €1.6m+€549,445
Largest movements
Assets
- Receivables within one year +€308,471
up €308,471 (+63.7%), from €484,289 to €792,760
of which Trade receivables: +€232,223
- Tangible fixed assets +€143,863
up €143,863 (+157%), from €91,726 to €235,589
of which Other tangible fixed assets: +€131,977
- Deferred charges and accrued income +€53,917
up €53,917 (+156%), from €34,506 to €88,424
- Stocks and contracts +€41,614
up €41,614 (+5.9%), from €699,671 to €741,284
Equity and liabilities
- Trade debts +€569,850
up €569,850 (+168%), from €339,183 to €909,033
- Other debts -€186,356
down €186,356 (-92.5%), from €201,388 to €15,032
- Profit (loss) carried forward +€128,221
up €128,221 (+191%), from €67,069 to €195,291
- Current portion of long-term debt +€33,467
up €33,467 (+66.5%), from €50,312 to €83,779
Income statement
- Gross operating margin +€194,333
up €194,333 (+13.2%), from €1.5m to €1.7m
- Staff costs +€188,643
up €188,643 (+15.3%), from €1.2m to €1.4m
- Financial charges -€43,118
down €43,118 (-65.1%), from €66,212 to €23,094
- Write-downs +€20,856
new in 2025: €20,856
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€99,209
Gross operating margin
+€194,333
Staff costs
-€188,643
Depreciation
-€7,659
Write-downs
-€20,856
Other operating charges
+€506
Financial income
+€899
Financial charges
+€43,118
Taxes
+€7,315
Result 2025
€128,221
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€151,315
Investment
-€179,495
Financing
+€19,110
Cash 2024
€263,803
From operations (derived)
+€151,315
Net result for the year
+€128,221
Depreciation
+€24,983
Stocks and contracts
-€41,614
Receivables within one year
-€308,471
Deferred charges and accrued income
-€53,917
Trade debts
+€569,850
Tax, wage and social debts
+€18,619
Other debts
-€186,356
Investment (derived)
-€179,495
Investment in fixed assets (net)
-€179,495
Financing
+€19,110
Current portion of long-term debt
+€33,467
Short-term financial debts
-€14,356
Cash 2025
€254,733
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,602,136 | €2,151,581 | +€549,445 | +34.3% |
| Fixed assets | 21/28 | €119,867 | €274,380 | +€154,513 | +129% |
| Tangible fixed assets | 22/27 | €91,726 | €235,589 | +€143,863 | +157% |
| Land and buildings | 22 | €30,351 | €28,091 | -€2,260 | -7.4% |
| Plant, machinery and equipment | 23 | €35,628 | €26,339 | -€9,288 | -26.1% |
| Furniture and vehicles | 24 | €25,747 | €49,181 | +€23,434 | +91.0% |
| Other tangible fixed assets | 26 | - | €131,977 | +€131,977 | |
| Financial fixed assets | 28 | €28,141 | €38,791 | +€10,650 | +37.8% |
| Current assets | 29/58 | €1,482,269 | €1,877,202 | +€394,932 | +26.6% |
| Stocks and contracts in progress | 3 | €699,671 | €741,284 | +€41,614 | +5.9% |
| Stocks | 30/36 | €699,671 | €741,284 | +€41,614 | +5.9% |
| Amounts receivable within one year | 40/41 | €484,289 | €792,760 | +€308,471 | +63.7% |
| Trade receivables | 40 | €322,884 | €555,107 | +€232,223 | +71.9% |
| Other amounts receivable | 41 | €161,405 | €237,653 | +€76,248 | +47.2% |
| Cash at bank and in hand | 54/58 | €263,803 | €254,733 | -€9,070 | -3.4% |
| Deferred charges and accrued income | 490/1 | €34,506 | €88,424 | +€53,917 | +156% |
| Total equity and liabilities | 10/49 | €1,602,136 | €2,151,581 | +€549,445 | +34.3% |
| Equity | 10/15 | €656,195 | €784,416 | +€128,221 | +19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €570,525 | €570,525 | = | 0.0% |
| Distributable reserves | 133 | €570,525 | €570,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,069 | €195,291 | +€128,221 | +191% |
| Amounts payable | 17/49 | €945,942 | €1,367,165 | +€421,224 | +44.5% |
| Amounts payable within one year | 42/48 | €945,942 | €1,367,165 | +€421,224 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €50,312 | €83,779 | +€33,467 | +66.5% |
| Financial debts | 43 | €199,828 | €185,472 | -€14,356 | -7.2% |
| Credit institutions | 430/8 | €199,828 | €185,472 | -€14,356 | -7.2% |
| Trade debts | 44 | €339,183 | €909,033 | +€569,850 | +168% |
| Suppliers | 440/4 | €339,183 | €909,033 | +€569,850 | +168% |
| Taxes, remuneration and social security | 45 | €155,230 | €173,849 | +€18,619 | +12.0% |
| Taxes | 450/3 | €14,993 | €9,253 | -€5,740 | -38.3% |
| Remuneration and social security | 454/9 | €140,237 | €164,596 | +€24,359 | +17.4% |
| Other amounts payable | 47/48 | €201,388 | €15,032 | -€186,356 | -92.5% |
| Non-recurring operating income | 76A | €8,337 | €0 | -€8,337 | -100% |
| Remuneration, social security and pensions | 62 | €1,232,317 | €1,420,961 | +€188,643 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,323 | €24,983 | +€7,659 | +44.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,856 | +€20,856 | |
| Other operating charges | 640/8 | €5,770 | €5,263 | -€506 | -8.8% |
| Gross operating margin | 9900 | €1,467,328 | €1,661,661 | +€194,333 | +13.2% |
| Operating profit (loss) | 9901 | €211,917 | €189,598 | -€22,319 | -10.5% |
| Financial income | 75/76B | €500 | €1,398 | +€899 | +180% |
| Recurring financial income | 75 | €500 | €1,398 | +€899 | +180% |
| Financial charges | 65/66B | €66,212 | €23,094 | -€43,118 | -65.1% |
| Recurring financial charges | 65 | €66,212 | €23,094 | -€43,118 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €146,205 | €167,902 | +€21,697 | +14.8% |
| Income taxes | 67/77 | €46,996 | €39,681 | -€7,315 | -15.6% |
| Profit (loss) for the period | 9904 | €99,209 | €128,221 | +€29,012 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,209 | €128,221 | +€29,012 | +29.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.