ATWS: 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.
ATWS
Largest movements
- Tangible fixed assets +€17,912
new in 2025: €17,912
- Cash +€2,427
up €2,427 (+123%), from €1,968 to €4,395
mainly Debts after one year (+€12,887) and Current portion of long-term debt (+€3,762)
- Receivables within one year -€684
down €684 (-16.1%), from €4,251 to €3,566
of which Trade receivables: -€554
- Debts after one year +€12,887
new in 2025: €12,887
- Current portion of long-term debt +€3,762
new in 2025: €3,762
- Reserves +€1,820
up €1,820 (+101%), from €1,806 to €3,626
- Tax, wage and social debts +€770
up €770 (+86.3%), from €891 to €1,661
- Gross operating margin +€2,970
up €2,970 (+91.1%), from €3,258 to €6,228
- Depreciation +€1,441
new in 2025: €1,441
- Other operating charges +€1,130
new in 2025: €1,130
- Financial charges +€243
up €243 (+20,080%), from €1 to €244
- Taxes +€108
up €108 (+16.6%), from €651 to €760
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 | €6,593 | €26,199 | +€19,606 | +297% |
| Fixed assets | 21/28 | - | €17,912 | +€17,912 | |
| Tangible fixed assets | 22/27 | - | €17,912 | +€17,912 | |
| Furniture and vehicles | 24 | - | €17,912 | +€17,912 | |
| Current assets | 29/58 | €6,593 | €8,286 | +€1,693 | +25.7% |
| Amounts receivable within one year | 40/41 | €4,251 | €3,566 | -€684 | -16.1% |
| Trade receivables | 40 | €3,845 | €3,291 | -€554 | -14.4% |
| Other amounts receivable | 41 | €406 | €276 | -€130 | -32.0% |
| Cash at bank and in hand | 54/58 | €1,968 | €4,395 | +€2,427 | +123% |
| Deferred charges and accrued income | 490/1 | €374 | €325 | -€49 | -13.2% |
| Total equity and liabilities | 10/49 | €6,593 | €26,199 | +€19,606 | +297% |
| Equity | 10/15 | €4,806 | €6,626 | +€1,820 | +37.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,806 | €3,626 | +€1,820 | +101% |
| Distributable reserves | 133 | €1,806 | €3,626 | +€1,820 | +101% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,788 | €19,573 | +€17,785 | +995% |
| Amounts payable after more than one year | 17 | - | €12,887 | +€12,887 | |
| Financial debts | 170/4 | - | €12,887 | +€12,887 | |
| Amounts payable within one year | 42/48 | €1,788 | €6,686 | +€4,899 | +274% |
| Current portion of amounts payable after more than one year | 42 | - | €3,762 | +€3,762 | |
| Trade debts | 44 | €336 | €520 | +€184 | +54.8% |
| Suppliers | 440/4 | €336 | €520 | +€184 | +54.8% |
| Taxes, remuneration and social security | 45 | €891 | €1,661 | +€770 | +86.3% |
| Taxes | 450/3 | €891 | €1,661 | +€770 | +86.3% |
| Other amounts payable | 47/48 | €560 | €743 | +€183 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,441 | +€1,441 | |
| Other operating charges | 640/8 | - | €1,130 | +€1,130 | |
| Gross operating margin | 9900 | €3,258 | €6,228 | +€2,970 | +91.1% |
| Operating profit (loss) | 9901 | €3,258 | €3,657 | +€399 | +12.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1 | €244 | +€243 | +20,080% |
| Recurring financial charges | 65 | €1 | €244 | +€243 | +20,080% |
| Profit (loss) for the period before taxes | 9903 | €3,257 | €3,413 | +€156 | +4.8% |
| Income taxes | 67/77 | €651 | €760 | +€108 | +16.6% |
| Profit (loss) for the period | 9904 | €2,606 | €2,653 | +€48 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,606 | €2,653 | +€48 | +1.8% |
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 15 October 2026 via checked.be.