ANWI: 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.
ANWI
Largest movements
- Cash +€249,440
up €249,440 (+95.5%), from €261,296 to €510,736
mainly Net result for the year (+€179,093) and Current investments (+€100,000)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables within one year -€75,406
down €75,406 (-33.0%), from €228,699 to €153,294
of which Trade receivables: -€46,611
- Tangible fixed assets -€35,546
down €35,546 (-15.5%), from €229,761 to €194,215
of which Land and buildings: -€33,774
- Reserves +€51,548
up €51,548 (+8.7%), from €594,788 to €646,335
- Debts after one year -€11,344
down €11,344 (-71.5%), from €15,858 to €4,514
- Gross operating margin +€12,916
up €12,916 (+4.1%), from €311,951 to €324,867
- Depreciation -€12,652
down €12,652 (-17.3%), from €73,198 to €60,546
- Taxes +€8,995
up €8,995 (+12.0%), from €74,769 to €83,764
- Financial income +€3,976
up €3,976 (+171%), from €2,323 to €6,300
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 | €828,338 | €867,047 | +€38,709 | +4.7% |
| Fixed assets | 21/28 | €229,761 | €194,215 | -€35,546 | -15.5% |
| Tangible fixed assets | 22/27 | €229,761 | €194,215 | -€35,546 | -15.5% |
| Land and buildings | 22 | €176,234 | €142,459 | -€33,774 | -19.2% |
| Plant, machinery and equipment | 23 | €31,381 | €36,123 | +€4,742 | +15.1% |
| Furniture and vehicles | 24 | €22,146 | €15,633 | -€6,513 | -29.4% |
| Current assets | 29/58 | €598,577 | €672,832 | +€74,255 | +12.4% |
| Stocks and contracts in progress | 3 | €5,516 | €5,779 | +€263 | +4.8% |
| Stocks | 30/36 | €5,516 | €5,779 | +€263 | +4.8% |
| Amounts receivable within one year | 40/41 | €228,699 | €153,294 | -€75,406 | -33.0% |
| Trade receivables | 40 | €179,101 | €132,490 | -€46,611 | -26.0% |
| Other amounts receivable | 41 | €49,598 | €20,804 | -€28,794 | -58.1% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €261,296 | €510,736 | +€249,440 | +95.5% |
| Deferred charges and accrued income | 490/1 | €3,066 | €3,024 | -€42 | -1.4% |
| Total equity and liabilities | 10/49 | €828,338 | €867,047 | +€38,709 | +4.7% |
| Equity | 10/15 | €613,388 | €664,935 | +€51,548 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €594,788 | €646,335 | +€51,548 | +8.7% |
| Distributable reserves | 133 | €594,788 | €646,335 | +€51,548 | +8.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €214,950 | €202,112 | -€12,838 | -6.0% |
| Amounts payable after more than one year | 17 | €15,858 | €4,514 | -€11,344 | -71.5% |
| Financial debts | 170/4 | €15,858 | €4,514 | -€11,344 | -71.5% |
| Amounts payable within one year | 42/48 | €199,092 | €197,597 | -€1,495 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €13,051 | €11,344 | -€1,708 | -13.1% |
| Trade debts | 44 | €183,446 | €184,454 | +€1,008 | +0.5% |
| Suppliers | 440/4 | €183,446 | €184,454 | +€1,008 | +0.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,595 | €1,800 | -€795 | -30.6% |
| Non-recurring operating income | 76A | €2,310 | €5,280 | +€2,970 | +129% |
| Remuneration, social security and pensions | 62 | €190 | €1,528 | +€1,338 | +705% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,198 | €60,546 | -€12,652 | -17.3% |
| Other operating charges | 640/8 | €5,032 | €5,232 | +€199 | +4.0% |
| Gross operating margin | 9900 | €311,951 | €324,867 | +€12,916 | +4.1% |
| Operating profit (loss) | 9901 | €233,530 | €257,561 | +€24,031 | +10.3% |
| Financial income | 75/76B | €2,323 | €6,300 | +€3,976 | +171% |
| Recurring financial income | 75 | €2,323 | €6,300 | +€3,976 | +171% |
| Financial charges | 65/66B | €1,783 | €1,004 | -€779 | -43.7% |
| Recurring financial charges | 65 | €1,783 | €1,004 | -€779 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €234,071 | €262,857 | +€28,786 | +12.3% |
| Income taxes | 67/77 | €74,769 | €83,764 | +€8,995 | +12.0% |
| Profit (loss) for the period | 9904 | €159,302 | €179,093 | +€19,791 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €159,302 | €179,093 | +€19,791 | +12.4% |
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 13 October 2026 via checked.be.