Alwa V: 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.
Alwa V
Largest movements
- Cash +€124,391
up €124,391 (+94.4%), from €131,759 to €256,151
mainly Receivables within one year (+€100,000) and Depreciation (+€17,845)
- Receivables within one year -€100,000
down €100,000 (-28.6%), from €350,000 to €250,000
- Tangible fixed assets -€17,845
down €17,845 (-4.9%), from €361,439 to €343,594
of which Land and buildings: -€12,191
- Deferred charges and accrued income -€10,787
down €10,787 (-64.4%), from €16,750 to €5,962
- Profit (loss) carried forward -€25,155
down €25,155 (-14.1%), from €178,542 to €153,388
- Other debts +€12,574
up €12,574 (+2.3%), from €540,884 to €553,458
- Other operating charges -€24,167
down €24,167 (-78.9%), from €30,647 to €6,480
- Financial income -€11,950
no longer reported in 2025 (was €11,950)
- Financial charges +€8,286
up €8,286 (+45.7%), from €18,134 to €26,420
- Gross operating margin +€877
up €877 (+3.5%), from €24,713 to €25,590
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 | €859,948 | €855,707 | -€4,242 | -0.5% |
| Fixed assets | 21/28 | €361,439 | €343,594 | -€17,845 | -4.9% |
| Tangible fixed assets | 22/27 | €361,439 | €343,594 | -€17,845 | -4.9% |
| Land and buildings | 22 | €333,912 | €321,721 | -€12,191 | -3.7% |
| Other tangible fixed assets | 26 | €27,528 | €21,874 | -€5,654 | -20.5% |
| Current assets | 29/58 | €498,509 | €512,113 | +€13,604 | +2.7% |
| Amounts receivable within one year | 40/41 | €350,000 | €250,000 | -€100,000 | -28.6% |
| Other amounts receivable | 41 | €350,000 | €250,000 | -€100,000 | -28.6% |
| Cash at bank and in hand | 54/58 | €131,759 | €256,151 | +€124,391 | +94.4% |
| Deferred charges and accrued income | 490/1 | €16,750 | €5,962 | -€10,787 | -64.4% |
| Total equity and liabilities | 10/49 | €859,948 | €855,707 | -€4,242 | -0.5% |
| Equity | 10/15 | €294,042 | €268,888 | -€25,155 | -8.6% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Capital | 10 | €105,000 | €105,000 | = | 0.0% |
| Issued capital | 100 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €10,500 | €10,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,500 | €10,500 | = | 0.0% |
| Legal reserve | 130 | €10,500 | €10,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,542 | €153,388 | -€25,155 | -14.1% |
| Amounts payable | 17/49 | €565,906 | €586,819 | +€20,913 | +3.7% |
| Amounts payable after more than one year | 17 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 178/9 | €2,100 | €2,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €540,884 | €557,632 | +€16,748 | +3.1% |
| Trade debts | 44 | - | €4,175 | +€4,175 | |
| Suppliers | 440/4 | - | €4,175 | +€4,175 | |
| Other amounts payable | 47/48 | €540,884 | €553,458 | +€12,574 | +2.3% |
| Accrued charges and deferred income | 492/3 | €22,922 | €27,087 | +€4,165 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,784 | €17,845 | +€61 | +0.3% |
| Other operating charges | 640/8 | €30,647 | €6,480 | -€24,167 | -78.9% |
| Gross operating margin | 9900 | €24,713 | €25,590 | +€877 | +3.5% |
| Operating profit (loss) | 9901 | -€23,718 | €1,265 | +€24,983 | |
| Financial income | 75/76B | €11,950 | - | -€11,950 | |
| Recurring financial income | 75 | €11,950 | - | -€11,950 | |
| Financial charges | 65/66B | €18,134 | €26,420 | +€8,286 | +45.7% |
| Recurring financial charges | 65 | €18,134 | €26,420 | +€8,286 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,902 | -€25,155 | +€4,747 | +15.9% |
| Profit (loss) for the period | 9904 | -€29,902 | -€25,155 | +€4,747 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,902 | -€25,155 | +€4,747 | +15.9% |
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 19 October 2026 via checked.be.