AUWERS: what changed
AUWERS
Largest movements
- Cash +€33,377
up €33,377 (+271%), from €12,332 to €45,709
mainly Depreciation (+€32,851) and Other debts (+€21,917)
- Stocks and contracts -€13,287
down €13,287 (-21.2%), from €62,581 to €49,294
- Tangible fixed assets +€9,602
up €9,602 (+3.3%), from €288,913 to €298,515
of which Furniture and vehicles: +€46,791
- Receivables within one year -€8,857
down €8,857 (-16.4%), from €54,115 to €45,258
of which Other amounts receivable: -€12,148
- Other debts +€21,917
new in 2025: €21,917
- Profit (loss) carried forward -€17,575
down €17,575 (-225%), from -€7,796 to -€25,370
- Current portion of long-term debt +€13,275
up €13,275 (+58.3%), from €22,784 to €36,059
- Debts after one year +€8,986
up €8,986 (+6.2%), from €144,193 to €153,179
- Trade debts -€5,633
down €5,633 (-17.5%), from €32,156 to €26,523
- Gross operating margin -€13,484
down €13,484 (-36.9%), from €36,565 to €23,081
- Depreciation -€7,788
down €7,788 (-19.2%), from €40,639 to €32,851
- Other operating charges +€2,667
up €2,667 (+202%), from €1,319 to €3,986
- Financial charges +€873
up €873 (+37.8%), from €2,307 to €3,180
- Staff costs +€529
up €529 (+484%), from €109 to €638
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,980 | €440,751 | +€20,771 | +4.9% |
| Fixed assets | 21/28 | €288,913 | €298,515 | +€9,602 | +3.3% |
| Tangible fixed assets | 22/27 | €288,913 | €298,515 | +€9,602 | +3.3% |
| Plant, machinery and equipment | 23 | €68,180 | €47,575 | -€20,605 | -30.2% |
| Furniture and vehicles | 24 | €17,894 | €64,686 | +€46,791 | +261% |
| Assets under construction and advance payments | 27 | €202,839 | €186,254 | -€16,585 | -8.2% |
| Current assets | 29/58 | €131,067 | €142,237 | +€11,169 | +8.5% |
| Stocks and contracts in progress | 3 | €62,581 | €49,294 | -€13,287 | -21.2% |
| Stocks | 30/36 | €62,581 | €49,294 | -€13,287 | -21.2% |
| Amounts receivable within one year | 40/41 | €54,115 | €45,258 | -€8,857 | -16.4% |
| Trade receivables | 40 | €39,469 | €42,760 | +€3,290 | +8.3% |
| Other amounts receivable | 41 | €14,646 | €2,498 | -€12,148 | -82.9% |
| Cash at bank and in hand | 54/58 | €12,332 | €45,709 | +€33,377 | +271% |
| Deferred charges and accrued income | 490/1 | €2,038 | €1,976 | -€63 | -3.1% |
| Total equity and liabilities | 10/49 | €419,980 | €440,751 | +€20,771 | +4.9% |
| Equity | 10/15 | €219,148 | €201,573 | -€17,575 | -8.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €201,944 | €201,944 | = | 0.0% |
| Distributable reserves | 133 | €201,944 | €201,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,796 | -€25,370 | -€17,575 | -225% |
| Amounts payable | 17/49 | €200,832 | €239,178 | +€38,346 | +19.1% |
| Amounts payable after more than one year | 17 | €144,193 | €153,179 | +€8,986 | +6.2% |
| Financial debts | 170/4 | €144,193 | €153,179 | +€8,986 | +6.2% |
| Amounts payable within one year | 42/48 | €56,640 | €85,999 | +€29,360 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €22,784 | €36,059 | +€13,275 | +58.3% |
| Trade debts | 44 | €32,156 | €26,523 | -€5,633 | -17.5% |
| Suppliers | 440/4 | €32,156 | €26,523 | -€5,633 | -17.5% |
| Taxes, remuneration and social security | 45 | €1,700 | €1,500 | -€200 | -11.8% |
| Remuneration and social security | 454/9 | €1,700 | €1,500 | -€200 | -11.8% |
| Other amounts payable | 47/48 | - | €21,917 | +€21,917 | |
| Non-recurring operating income | 76A | €8,598 | €15,911 | +€7,313 | +85.1% |
| Remuneration, social security and pensions | 62 | €109 | €638 | +€529 | +484% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,639 | €32,851 | -€7,788 | -19.2% |
| Other operating charges | 640/8 | €1,319 | €3,986 | +€2,667 | +202% |
| Gross operating margin | 9900 | €36,565 | €23,081 | -€13,484 | -36.9% |
| Operating profit (loss) | 9901 | -€5,502 | -€14,394 | -€8,892 | -162% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €2,307 | €3,180 | +€873 | +37.8% |
| Recurring financial charges | 65 | €2,307 | €3,180 | +€873 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,796 | -€17,575 | -€9,779 | -125% |
| Profit (loss) for the period | 9904 | -€7,796 | -€17,575 | -€9,779 | -125% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,796 | -€17,575 | -€9,779 | -125% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.