ALWADIA: 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.
ALWADIA
Largest movements
- Tangible fixed assets +€9,289
up €9,289 (+27.6%), from €33,673 to €42,962
of which Furniture and vehicles: +€13,865
- Cash -€8,040
down €8,040 (-20.5%), from €39,236 to €31,196
mainly Investment in fixed assets (net) (-€19,336) and Trade debts (-€1,236)
- Tax, wage and social debts +€2,767
up €2,767 (+8.7%), from €31,882 to €34,648
of which Remuneration and social security: +€8,696
- Gross operating margin -€24,466
down €24,466 (-16.2%), from €150,907 to €126,440
- Staff costs +€8,195
up €8,195 (+7.8%), from €105,307 to €113,502
- Taxes -€6,852
down €6,852 (-92.0%), from €7,446 to €594
- Depreciation +€1,982
up €1,982 (+24.6%), from €8,066 to €10,048
- Other operating charges -€1,562
down €1,562 (-39.5%), from €3,953 to €2,392
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 | €132,035 | €133,862 | +€1,827 | +1.4% |
| Fixed assets | 21/28 | €44,622 | €53,911 | +€9,289 | +20.8% |
| Tangible fixed assets | 22/27 | €33,673 | €42,962 | +€9,289 | +27.6% |
| Plant, machinery and equipment | 23 | €6,091 | €3,197 | -€2,894 | -47.5% |
| Furniture and vehicles | 24 | €5,681 | €19,546 | +€13,865 | +244% |
| Other tangible fixed assets | 26 | €21,901 | €20,219 | -€1,682 | -7.7% |
| Financial fixed assets | 28 | €10,949 | €10,949 | = | 0.0% |
| Current assets | 29/58 | €87,412 | €79,951 | -€7,461 | -8.5% |
| Stocks and contracts in progress | 3 | €2,500 | €3,022 | +€522 | +20.9% |
| Stocks | 30/36 | €2,500 | €3,022 | +€522 | +20.9% |
| Amounts receivable within one year | 40/41 | €45,676 | €45,733 | +€57 | +0.1% |
| Trade receivables | 40 | €13,954 | €20,389 | +€6,435 | +46.1% |
| Other amounts receivable | 41 | €31,722 | €25,344 | -€6,378 | -20.1% |
| Cash at bank and in hand | 54/58 | €39,236 | €31,196 | -€8,040 | -20.5% |
| Total equity and liabilities | 10/49 | €132,035 | €133,862 | +€1,827 | +1.4% |
| Equity | 10/15 | €88,306 | €88,002 | -€303 | -0.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,306 | €48,002 | -€303 | -0.6% |
| Amounts payable | 17/49 | €43,729 | €45,860 | +€2,131 | +4.9% |
| Amounts payable within one year | 42/48 | €43,729 | €45,860 | +€2,131 | +4.9% |
| Trade debts | 44 | €9,476 | €8,240 | -€1,236 | -13.0% |
| Suppliers | 440/4 | €9,476 | €8,240 | -€1,236 | -13.0% |
| Taxes, remuneration and social security | 45 | €31,882 | €34,648 | +€2,767 | +8.7% |
| Taxes | 450/3 | €13,809 | €7,880 | -€5,929 | -42.9% |
| Remuneration and social security | 454/9 | €18,072 | €26,768 | +€8,696 | +48.1% |
| Other amounts payable | 47/48 | €2,371 | €2,971 | +€600 | +25.3% |
| Remuneration, social security and pensions | 62 | €105,307 | €113,502 | +€8,195 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,066 | €10,048 | +€1,982 | +24.6% |
| Other operating charges | 640/8 | €3,953 | €2,392 | -€1,562 | -39.5% |
| Gross operating margin | 9900 | €150,907 | €126,440 | -€24,466 | -16.2% |
| Operating profit (loss) | 9901 | €33,581 | €499 | -€33,082 | -98.5% |
| Financial income | 75/76B | €510 | €0 | -€510 | -100.0% |
| Recurring financial income | 75 | €510 | €0 | -€510 | -100.0% |
| Financial charges | 65/66B | €1,580 | €208 | -€1,371 | -86.8% |
| Recurring financial charges | 65 | €1,580 | €208 | -€1,371 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €32,511 | €291 | -€32,221 | -99.1% |
| Income taxes | 67/77 | €7,446 | €594 | -€6,852 | -92.0% |
| Profit (loss) for the period | 9904 | €25,065 | -€303 | -€25,368 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,065 | -€303 | -€25,368 |
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 17 October 2026 via checked.be.