ALWI: what changed
Two fiscal 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.
ALWI
Largest movements
- Tangible fixed assets -€9,403
down €9,403 (-28.7%), from €32,796 to €23,392
- Receivables within one year +€4,502
up €4,502 (+15.0%), from €29,994 to €34,495
of which Trade receivables: +€3,291
- Cash -€1,637
down €1,637 (-7.9%), from €20,847 to €19,210
mainly Trade debts (-€24,856) and Receivables within one year (-€4,502)
- Trade debts -€24,856
down €24,856 (-98.3%), from €25,298 to €442
- Other debts +€17,983
up €17,983 (+58.3%), from €30,855 to €48,838
- Gross operating margin -€26,001
down €26,001 (-67.8%), from €38,371 to €12,370
- Taxes -€4,861
down €4,861 (-86.8%), from €5,602 to €742
- Financial charges -€1,650
down €1,650 (-52.1%), from €3,169 to €1,519
- Other operating charges -€478
no longer reported in 2025 (was €478)
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.
Cash bridge derived
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 | €84,412 | €77,098 | -€7,314 | -8.7% |
| Fixed assets | 21/28 | €32,796 | €23,392 | -€9,403 | -28.7% |
| Tangible fixed assets | 22/27 | €32,796 | €23,392 | -€9,403 | -28.7% |
| Furniture and vehicles | 24 | €32,796 | €23,392 | -€9,403 | -28.7% |
| Current assets | 29/58 | €51,617 | €53,706 | +€2,089 | +4.0% |
| Amounts receivable within one year | 40/41 | €29,994 | €34,495 | +€4,502 | +15.0% |
| Trade receivables | 40 | €28,049 | €31,339 | +€3,291 | +11.7% |
| Other amounts receivable | 41 | €1,945 | €3,156 | +€1,211 | +62.3% |
| Cash at bank and in hand | 54/58 | €20,847 | €19,210 | -€1,637 | -7.9% |
| Deferred charges and accrued income | 490/1 | €776 | €1 | -€775 | -99.9% |
| Total equity and liabilities | 10/49 | €84,412 | €77,098 | -€7,314 | -8.7% |
| Equity | 10/15 | €21,461 | €21,049 | -€412 | -1.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,461 | €18,049 | -€412 | -2.2% |
| Amounts payable | 17/49 | €62,952 | €56,050 | -€6,902 | -11.0% |
| Amounts payable within one year | 42/48 | €62,952 | €56,050 | -€6,902 | -11.0% |
| Trade debts | 44 | €25,298 | €442 | -€24,856 | -98.3% |
| Suppliers | 440/4 | €25,298 | €442 | -€24,856 | -98.3% |
| Taxes, remuneration and social security | 45 | €6,799 | €6,770 | -€29 | -0.4% |
| Taxes | 450/3 | €6,799 | €6,770 | -€29 | -0.4% |
| Other amounts payable | 47/48 | €30,855 | €48,838 | +€17,983 | +58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,403 | €9,403 | = | 0.0% |
| Other operating charges | 640/8 | €478 | - | -€478 | |
| Gross operating margin | 9900 | €38,371 | €12,370 | -€26,001 | -67.8% |
| Operating profit (loss) | 9901 | €28,490 | €2,967 | -€25,523 | -89.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,169 | €1,519 | -€1,650 | -52.1% |
| Recurring financial charges | 65 | €3,169 | €1,519 | -€1,650 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €25,321 | €1,448 | -€23,873 | -94.3% |
| Income taxes | 67/77 | €5,602 | €742 | -€4,861 | -86.8% |
| Profit (loss) for the period | 9904 | €19,719 | €706 | -€19,013 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,719 | €706 | -€19,013 | -96.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.