ATWE: 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.
ATWE
Largest movements
- Receivables within one year +€24,281
up €24,281 (+80.5%), from €30,169 to €54,450
of which Other amounts receivable: +€35,609
- Cash -€1,697
down €1,697 (-4.6%), from €36,943 to €35,246
mainly Receivables within one year (-€24,281) and Tax, wage and social debts (-€13,021)
- Reserves +€37,000
up €37,000 (+86.0%), from €43,000 to €80,000
- Tax, wage and social debts -€13,021
down €13,021 (-61.3%), from €21,228 to €8,207
- Other debts -€3,518
down €3,518 (-70.8%), from €4,968 to €1,450
- Trade debts +€1,443
up €1,443 (+175.4%), from €823 to €2,265
- Gross operating margin +€17,849
up €17,849 (+53.2%), from €33,582 to €51,431
- Taxes +€1,231
up €1,231 (+13.8%), from €8,899 to €10,130
- Depreciation +€1,201
up €1,201 (+101.5%), from €1,184 to €2,385
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 | €74,311 | €96,149 | +€21,838 | +29.4% |
| Fixed assets | 21/28 | €7,198 | €6,453 | -€746 | -10.4% |
| Tangible fixed assets | 22/27 | €6,698 | €5,953 | -€746 | -11.1% |
| Furniture and vehicles | 24 | €6,698 | €5,953 | -€746 | -11.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €67,113 | €89,697 | +€22,584 | +33.7% |
| Amounts receivable within one year | 40/41 | €30,169 | €54,450 | +€24,281 | +80.5% |
| Trade receivables | 40 | €28,508 | €17,180 | -€11,328 | -39.7% |
| Other amounts receivable | 41 | €1,662 | €37,270 | +€35,609 | +2142.7% |
| Cash at bank and in hand | 54/58 | €36,943 | €35,246 | -€1,697 | -4.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €74,311 | €96,149 | +€21,838 | +29.4% |
| Equity | 10/15 | €47,293 | €84,227 | +€36,934 | +78.1% |
| Contributions | 10/11 | €4,100 | €4,100 | = | 0.0% |
| Reserves | 13 | €43,000 | €80,000 | +€37,000 | +86.0% |
| Distributable reserves | 133 | €43,000 | €80,000 | +€37,000 | +86.0% |
| Profit (loss) carried forward | 14 | €193 | €127 | -€66 | -34.0% |
| Amounts payable | 17/49 | €27,018 | €11,922 | -€15,096 | -55.9% |
| Amounts payable within one year | 42/48 | €27,018 | €11,922 | -€15,096 | -55.9% |
| Trade debts | 44 | €823 | €2,265 | +€1,443 | +175.4% |
| Suppliers | 440/4 | €823 | €2,265 | +€1,443 | +175.4% |
| Taxes, remuneration and social security | 45 | €21,228 | €8,207 | -€13,021 | -61.3% |
| Taxes | 450/3 | €21,228 | €8,207 | -€13,021 | -61.3% |
| Other amounts payable | 47/48 | €4,968 | €1,450 | -€3,518 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,184 | €2,385 | +€1,201 | +101.5% |
| Other operating charges | 640/8 | - | €59 | +€59 | |
| Gross operating margin | 9900 | €33,582 | €51,431 | +€17,849 | +53.2% |
| Operating profit (loss) | 9901 | €32,398 | €48,987 | +€16,589 | +51.2% |
| Financial income | 75/76B | €16 | €128 | +€112 | +682.1% |
| Recurring financial income | 75 | €16 | €128 | +€112 | +682.1% |
| Financial charges | 65/66B | €1,541 | €2,051 | +€510 | +33.1% |
| Recurring financial charges | 65 | €1,541 | €2,051 | +€510 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €30,873 | €47,064 | +€16,191 | +52.4% |
| Income taxes | 67/77 | €8,899 | €10,130 | +€1,231 | +13.8% |
| Profit (loss) for the period | 9904 | €21,974 | €36,934 | +€14,960 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,974 | €36,934 | +€14,960 | +68.1% |
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 29 September 2026 via checked.be.