ATWCS: 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.
ATWCS
Largest movements
- Receivables within one year +€22,475
up €22,475 (+184%), from €12,207 to €34,682
of which Trade receivables: +€26,702
- Cash -€9,579
down €9,579 (-35.5%), from €26,957 to €17,378
mainly Receivables within one year (-€22,475) and Investment in fixed assets (net) (-€11,347)
- Tangible fixed assets +€9,129
new in 2025: €9,129
- Trade debts +€15,494
up €15,494 (+55.0%), from €28,159 to €43,653
- Tax, wage and social debts +€4,200
up €4,200 (+195%), from €2,151 to €6,351
- Profit (loss) carried forward +€2,340
up €2,340 (+36.3%), from €6,453 to €8,794
- Gross operating margin +€5,189
up €5,189 (+409%), from €1,267 to €6,456
- Depreciation +€2,217
new in 2025: €2,217
- Taxes +€1,001
up €1,001 (+492%), from €203 to €1,204
- Other operating charges +€214
up €214 (+55.3%), from €387 to €602
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 | €39,164 | €61,414 | +€22,250 | +56.8% |
| Fixed assets | 21/28 | - | €9,129 | +€9,129 | |
| Tangible fixed assets | 22/27 | - | €9,129 | +€9,129 | |
| Furniture and vehicles | 24 | - | €9,129 | +€9,129 | |
| Current assets | 29/58 | €39,164 | €52,285 | +€13,121 | +33.5% |
| Amounts receivable within one year | 40/41 | €12,207 | €34,682 | +€22,475 | +184% |
| Trade receivables | 40 | €7,980 | €34,682 | +€26,702 | +335% |
| Other amounts receivable | 41 | €4,226 | - | -€4,226 | |
| Cash at bank and in hand | 54/58 | €26,957 | €17,378 | -€9,579 | -35.5% |
| Deferred charges and accrued income | 490/1 | - | €225 | +€225 | |
| Total equity and liabilities | 10/49 | €39,164 | €61,414 | +€22,250 | +56.8% |
| Equity | 10/15 | €8,853 | €11,194 | +€2,340 | +26.4% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,453 | €8,794 | +€2,340 | +36.3% |
| Amounts payable | 17/49 | €30,311 | €50,220 | +€19,910 | +65.7% |
| Amounts payable within one year | 42/48 | €30,311 | €50,220 | +€19,910 | +65.7% |
| Trade debts | 44 | €28,159 | €43,653 | +€15,494 | +55.0% |
| Suppliers | 440/4 | €28,159 | €43,653 | +€15,494 | +55.0% |
| Taxes, remuneration and social security | 45 | €2,151 | €6,351 | +€4,200 | +195% |
| Taxes | 450/3 | €2,151 | €6,351 | +€4,200 | +195% |
| Other amounts payable | 47/48 | - | €217 | +€217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,217 | +€2,217 | |
| Other operating charges | 640/8 | €387 | €602 | +€214 | +55.3% |
| Gross operating margin | 9900 | €1,267 | €6,456 | +€5,189 | +409% |
| Operating profit (loss) | 9901 | €880 | €3,637 | +€2,757 | +313% |
| Financial charges | 65/66B | €66 | €92 | +€26 | +39.7% |
| Recurring financial charges | 65 | €66 | €92 | +€26 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €814 | €3,544 | +€2,731 | +336% |
| Income taxes | 67/77 | €203 | €1,204 | +€1,001 | +492% |
| Profit (loss) for the period | 9904 | €610 | €2,340 | +€1,730 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €610 | €2,340 | +€1,730 | +283% |
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 14 October 2026 via checked.be.