AIW-HOLDING: 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.
AIW-HOLDING
Largest movements
- Financial fixed assets -€657,611
down €657,611 (-23.1%), from €2.8m to €2.2m
- Cash -€415,351
down €415,351 (-74.2%), from €559,456 to €144,105
mainly Contributions, distributions and other (-€651,289) and Receivables after one year (-€383,414)
- Receivables after one year +€383,414
new in 2025: €383,414
- Receivables within one year +€133,211
new in 2025: €133,211
- Reserves -€445,640
down €445,640 (-28.9%), from €1.5m to €1.1m
of which Distributable reserves: -€445,640
- Debts after one year -€55,454
down €55,454 (-19.5%), from €284,589 to €229,135
- Tax, wage and social debts -€35,634
down €35,634 (-63.4%), from €56,199 to €20,565
- Financial charges +€226,105
up €226,105 (+4,039%), from €5,598 to €231,704
of which Non-recurring financial charges: +€226,822
- Financial income -€168,851
down €168,851 (-26.6%), from €634,987 to €466,137
- Taxes -€35,634
down €35,634 (-63.4%), from €56,199 to €20,565
- Gross operating margin +€3,083
up €3,083 (+30.4%), from -€10,130 to -€7,048
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 | €3,403,732 | €2,866,532 | -€537,200 | -15.8% |
| Fixed assets | 21/28 | €2,844,276 | €2,186,665 | -€657,611 | -23.1% |
| Financial fixed assets | 28 | €2,844,276 | €2,186,665 | -€657,611 | -23.1% |
| Current assets | 29/58 | €559,456 | €679,867 | +€120,411 | +21.5% |
| Amounts receivable after more than one year | 29 | - | €383,414 | +€383,414 | |
| Other amounts receivable | 291 | - | €383,414 | +€383,414 | |
| Amounts receivable within one year | 40/41 | - | €133,211 | +€133,211 | |
| Other amounts receivable | 41 | - | €133,211 | +€133,211 | |
| Cash at bank and in hand | 54/58 | €559,456 | €144,105 | -€415,351 | -74.2% |
| Deferred charges and accrued income | 490/1 | - | €19,137 | +€19,137 | |
| Total equity and liabilities | 10/49 | €3,403,732 | €2,866,532 | -€537,200 | -15.8% |
| Equity | 10/15 | €3,000,248 | €2,554,608 | -€445,640 | -14.9% |
| Contributions | 10/11 | €1,460,000 | €1,460,000 | = | 0.0% |
| Reserves | 13 | €1,540,248 | €1,094,608 | -€445,640 | -28.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,540,248 | €1,094,608 | -€445,640 | -28.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €403,484 | €311,924 | -€91,560 | -22.7% |
| Amounts payable after more than one year | 17 | €284,589 | €229,135 | -€55,454 | -19.5% |
| Financial debts | 170/4 | €284,589 | €229,135 | -€55,454 | -19.5% |
| Amounts payable within one year | 42/48 | €118,895 | €82,789 | -€36,106 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €54,684 | €55,454 | +€771 | +1.4% |
| Trade debts | 44 | €8,013 | €6,770 | -€1,242 | -15.5% |
| Suppliers | 440/4 | €8,013 | €6,770 | -€1,242 | -15.5% |
| Taxes, remuneration and social security | 45 | €56,199 | €20,565 | -€35,634 | -63.4% |
| Taxes | 450/3 | €56,199 | €20,565 | -€35,634 | -63.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €1,075 | €1,172 | +€97 | +9.0% |
| Gross operating margin | 9900 | -€10,130 | -€7,048 | +€3,083 | +30.4% |
| Operating profit (loss) | 9901 | -€11,205 | -€8,219 | +€2,986 | +26.6% |
| Financial income | 75/76B | €634,987 | €466,137 | -€168,851 | -26.6% |
| Recurring financial income | 75 | €634,987 | €466,137 | -€168,851 | -26.6% |
| Financial charges | 65/66B | €5,598 | €231,704 | +€226,105 | +4,039% |
| Recurring financial charges | 65 | €5,598 | €4,881 | -€717 | -12.8% |
| Non-recurring financial charges | 66B | - | €226,822 | +€226,822 | |
| Profit (loss) for the period before taxes | 9903 | €618,184 | €226,214 | -€391,970 | -63.4% |
| Income taxes | 67/77 | €56,199 | €20,565 | -€35,634 | -63.4% |
| Profit (loss) for the period | 9904 | €561,985 | €205,649 | -€356,336 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €561,985 | €205,649 | -€356,336 | -63.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.