A-ware Milk Processing Belgium: 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.
What changed
A-ware Milk Processing Belgium
NACE 46.331, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8.1m
2024 · €95,831-€8.2m
Equity
-€3.0m
2024 · €3.1m-€6.1m
Cash
€1.2m
2024 · €5.9m-€4.7m
Balance sheet total
€70.5m
2024 · €45.8m+€24.7m
Largest movements
Assets
- Receivables within one year +€29.4m
up €29.4m (+73.6%), from €39.9m to €69.2m
of which Trade receivables: +€27.1m
- Cash -€4.7m
down €4.7m (-79.6%), from €5.9m to €1.2m
mainly Receivables within one year (-€29.4m) and Net result for the year (-€8.1m)
Equity and liabilities
- Trade debts +€30.4m
up €30.4m (+76.8%), from €39.6m to €70.0m
- Profit (loss) carried forward -€8.1m
down €8.1m (-226%), from -€3.6m to -€11.7m
- Contributions +€2.0m
up €2.0m (+29.9%), from €6.7m to €8.7m
Income statement
- Turnover +€166.1m
up €166.1m (+53.7%), from €309.3m to €475.4m
- Goods and materials +€165.3m
up €165.3m (+56.0%), from €295.3m to €460.6m
of which Purchases: +€165.6m
- Services and other goods +€7.9m
up €7.9m (+60.7%), from €13.0m to €20.8m
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.
Result 2024
€95,831
Turnover
+€166.1m
Other operating income
-€200
Goods and materials
-€165.3m
Services and other goods
-€7.9m
Staff costs
-€585,127
Write-downs
-€180,914
Financial income
+€1,644
Financial charges
-€372,194
Taxes
+€685
Result 2025
-€8.1m
raises the resultlowers the result
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.
From operations
-€6.7m
Investment
+€7,275
Financing
+€2.0m
Cash 2024
€5.9m
From operations (derived)
-€6.7m
Net result for the year
-€8.1m
Stocks and contracts
-€110,622
Receivables within one year
-€29.4m
Trade debts
+€30.4m
Tax, wage and social debts
+€477,564
Accrued charges and deferred income
-€32,400
Investment (derived)
+€7,275
Investment in fixed assets (net)
+€7,275
Financing
+€2.0m
Contributions, distributions and other
+€2.0m
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,790,405 | €70,536,955 | +€24.7m | +54.0% |
| Fixed assets | 21/28 | €7,275 | - | -€7,275 | |
| Financial fixed assets | 28 | €7,275 | - | -€7,275 | |
| Other financial fixed assets | 284/8 | €7,275 | - | -€7,275 | |
| Amounts receivable and cash guarantees | 285/8 | €7,275 | - | -€7,275 | |
| Current assets | 29/58 | €45,783,130 | €70,536,955 | +€24.8m | +54.1% |
| Stocks and contracts in progress | 3 | - | €110,622 | +€110,622 | |
| Stocks | 30/36 | - | €110,622 | +€110,622 | |
| Goods purchased for resale | 34 | - | €110,622 | +€110,622 | |
| Amounts receivable within one year | 40/41 | €39,862,130 | €69,216,753 | +€29.4m | +73.6% |
| Trade receivables | 40 | €35,297,503 | €62,392,428 | +€27.1m | +76.8% |
| Other amounts receivable | 41 | €4,564,627 | €6,824,324 | +€2.3m | +49.5% |
| Cash at bank and in hand | 54/58 | €5,921,000 | €1,209,581 | -€4.7m | -79.6% |
| Total equity and liabilities | 10/49 | €45,790,405 | €70,536,955 | +€24.7m | +54.0% |
| Equity | 10/15 | €3,113,226 | -€2,989,914 | -€6.1m | |
| Contributions | 10/11 | €6,700,010 | €8,700,010 | +€2.0m | +29.9% |
| Profit (loss) carried forward | 14 | -€3,586,784 | -€11,689,924 | -€8.1m | -226% |
| Amounts payable | 17/49 | €42,677,179 | €73,526,869 | +€30.8m | +72.3% |
| Amounts payable after more than one year | 17 | €3,000,000 | €3,000,000 | = | 0.0% |
| Financial debts | 170/4 | €3,000,000 | €3,000,000 | = | 0.0% |
| Other loans | 174 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,644,779 | €70,526,869 | +€30.9m | +77.9% |
| Trade debts | 44 | €39,568,745 | €69,973,271 | +€30.4m | +76.8% |
| Suppliers | 440/4 | €39,568,745 | €69,973,271 | +€30.4m | +76.8% |
| Taxes, remuneration and social security | 45 | €76,034 | €553,599 | +€477,564 | +628% |
| Taxes | 450/3 | €7 | - | -€7 | |
| Remuneration and social security | 454/9 | €76,027 | €553,599 | +€477,571 | +628% |
| Accrued charges and deferred income | 492/3 | €32,400 | €0 | -€32,400 | -100.0% |
| Operating income | 70/76A | €309,330,137 | €475,406,757 | +€166.1m | +53.7% |
| Turnover | 70 | €309,329,937 | €475,406,757 | +€166.1m | +53.7% |
| Other operating income | 74 | €200 | - | -€200 | |
| Operating charges | 60/66A | €308,831,365 | €482,737,091 | +€173.9m | +56.3% |
| Goods for resale, raw materials and consumables | 60 | €295,340,946 | €460,622,829 | +€165.3m | +56.0% |
| Purchases | 600/8 | €295,340,946 | €460,920,891 | +€165.6m | +56.1% |
| Change in stocks: decrease (increase) | 609 | - | -€298,062 | -€298,062 | |
| Services and other goods | 61 | €12,953,907 | €20,811,710 | +€7.9m | +60.7% |
| Remuneration, social security and pensions | 62 | €533,249 | €1,118,375 | +€585,127 | +110% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,263 | €184,177 | +€180,914 | +5,544% |
| Operating profit (loss) | 9901 | €498,773 | -€7,330,333 | -€7.8m | |
| Financial income | 75/76B | €630 | €2,274 | +€1,644 | +261% |
| Recurring financial income | 75 | €630 | €2,274 | +€1,644 | +261% |
| Income from current assets | 751 | €630 | €2,274 | +€1,644 | +261% |
| Financial charges | 65/66B | €400,456 | €772,650 | +€372,194 | +92.9% |
| Recurring financial charges | 65 | €400,456 | €772,650 | +€372,194 | +92.9% |
| Debt charges | 650 | - | €599,189 | +€599,189 | |
| Other financial charges | 652/9 | €400,456 | €173,461 | -€226,995 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | €98,947 | -€8,100,709 | -€8.2m | |
| Income taxes | 67/77 | €3,116 | €2,431 | -€685 | -22.0% |
| Taxes | 670/3 | €3,116 | €2,431 | -€685 | -22.0% |
| Profit (loss) for the period | 9904 | €95,831 | -€8,103,140 | -€8.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €95,831 | -€8,103,140 | -€8.2m |
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 20 October 2026 via checked.be.