ALWAKAN: 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.
ALWAKAN
Largest movements
- Tangible fixed assets +€50,458
new in 2025: €50,458
- Cash -€957
down €957 (-90.8%), from €1,054 to €96
mainly Investment in fixed assets (net) (-€50,458) and Trade debts (-€370)
- Intangible fixed assets -€801
down €801 (-21.3%), from €3,761 to €2,961
- Other debts +€38,920
up €38,920 (+261%), from €14,913 to €53,833
- Profit (loss) carried forward +€10,236
up €10,236 (+14.2%), from -€72,325 to -€62,089
- Gross operating margin +€78,900
up €78,900, from -€16,460 to €62,439
- Staff costs -€4,309
down €4,309 (-7.9%), from €54,767 to €50,458
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 | €5,276 | €54,322 | +€49,045 | +930% |
| Fixed assets | 21/28 | €3,761 | €53,419 | +€49,657 | +1,320% |
| Intangible fixed assets | 21 | €3,761 | €2,961 | -€801 | -21.3% |
| Tangible fixed assets | 22/27 | - | €50,458 | +€50,458 | |
| Assets under construction and advance payments | 27 | - | €50,458 | +€50,458 | |
| Current assets | 29/58 | €1,515 | €903 | -€612 | -40.4% |
| Amounts receivable within one year | 40/41 | €461 | €806 | +€345 | +74.9% |
| Other amounts receivable | 41 | €461 | €806 | +€345 | +74.9% |
| Cash at bank and in hand | 54/58 | €1,054 | €96 | -€957 | -90.8% |
| Total equity and liabilities | 10/49 | €5,276 | €54,322 | +€49,045 | +930% |
| Equity | 10/15 | -€22,325 | -€12,089 | +€10,236 | +45.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,325 | -€62,089 | +€10,236 | +14.2% |
| Amounts payable | 17/49 | €27,601 | €66,410 | +€38,809 | +141% |
| Amounts payable within one year | 42/48 | €27,601 | €66,410 | +€38,809 | +141% |
| Trade debts | 44 | €3,691 | €3,321 | -€370 | -10.0% |
| Suppliers | 440/4 | €3,691 | €3,321 | -€370 | -10.0% |
| Taxes, remuneration and social security | 45 | €8,996 | €9,256 | +€259 | +2.9% |
| Remuneration and social security | 454/9 | €8,996 | €9,256 | +€259 | +2.9% |
| Other amounts payable | 47/48 | €14,913 | €53,833 | +€38,920 | +261% |
| Remuneration, social security and pensions | 62 | €54,767 | €50,458 | -€4,309 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245 | €801 | +€556 | +227% |
| Other operating charges | 640/8 | €407 | €822 | +€415 | +102% |
| Gross operating margin | 9900 | -€16,460 | €62,439 | +€78,900 | |
| Operating profit (loss) | 9901 | -€71,880 | €10,358 | +€82,238 | |
| Financial charges | 65/66B | €445 | €122 | -€323 | -72.6% |
| Recurring financial charges | 65 | €445 | €122 | -€323 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | -€72,325 | €10,236 | +€82,561 | |
| Profit (loss) for the period | 9904 | -€72,325 | €10,236 | +€82,561 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,325 | €10,236 | +€82,561 |
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 18 October 2026 via checked.be.