AW-ADVIES: what changed
AW-ADVIES
Largest movements
- Receivables within one year +€180,926
up €180,926 (+189%), from €95,810 to €276,737
of which Trade receivables: +€180,451
- Current investments +€125,000
new in 2025: €125,000
- Receivables after one year -€82,500
down €82,500 (-100%), from €82,500 to €0
- Cash +€77,368
up €77,368 (+76.9%), from €100,668 to €178,036
mainly Net result for the year (+€404,249) and Other debts (+€199,103)
- Tangible fixed assets +€11,507
up €11,507 (+15.1%), from €76,188 to €87,695
of which Furniture and vehicles: +€15,785
- Other debts +€199,103
up €199,103 (+138%), from €144,323 to €343,427
- Tax, wage and social debts +€142,187
up €142,187 (+421%), from €33,741 to €175,928
of which Taxes: +€118,590
- Reserves -€84,551
down €84,551 (-58.2%), from €145,284 to €60,733
of which Distributable reserves: -€82,696
- Trade debts +€66,700
up €66,700 (+2,002%), from €3,332 to €70,032
- Current portion of long-term debt -€11,905
down €11,905 (-100%), from €11,905 to €0
- Gross operating margin +€336,628
up €336,628 (+111%), from €303,453 to €640,081
- Staff costs +€79,999
new in 2025: €79,999
- Taxes +€59,979
up €59,979 (+82.2%), from €72,942 to €132,921
- Depreciation +€18,934
up €18,934 (+567%), from €3,339 to €22,273
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 | €357,635 | €669,170 | +€311,535 | +87.1% |
| Fixed assets | 21/28 | €76,188 | €87,695 | +€11,507 | +15.1% |
| Tangible fixed assets | 22/27 | €76,188 | €87,695 | +€11,507 | +15.1% |
| Plant, machinery and equipment | 23 | €20,892 | €16,615 | -€4,277 | -20.5% |
| Furniture and vehicles | 24 | €55,296 | €71,081 | +€15,785 | +28.5% |
| Current assets | 29/58 | €281,448 | €581,475 | +€300,027 | +107% |
| Amounts receivable after more than one year | 29 | €82,500 | €0 | -€82,500 | -100% |
| Other amounts receivable | 291 | €82,500 | €0 | -€82,500 | -100% |
| Amounts receivable within one year | 40/41 | €95,810 | €276,737 | +€180,926 | +189% |
| Trade receivables | 40 | €93,725 | €274,176 | +€180,451 | +193% |
| Other amounts receivable | 41 | €2,086 | €2,560 | +€475 | +22.8% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €100,668 | €178,036 | +€77,368 | +76.9% |
| Deferred charges and accrued income | 490/1 | €2,470 | €1,702 | -€768 | -31.1% |
| Total equity and liabilities | 10/49 | €357,635 | €669,170 | +€311,535 | +87.1% |
| Equity | 10/15 | €163,834 | €79,283 | -€84,551 | -51.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €145,284 | €60,733 | -€84,551 | -58.2% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €143,429 | €60,733 | -€82,696 | -57.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €193,801 | €589,887 | +€396,085 | +204% |
| Amounts payable within one year | 42/48 | €193,801 | €589,887 | +€396,085 | +204% |
| Current portion of amounts payable after more than one year | 42 | €11,905 | €0 | -€11,905 | -100% |
| Trade debts | 44 | €3,332 | €70,032 | +€66,700 | +2,002% |
| Suppliers | 440/4 | €3,332 | €70,032 | +€66,700 | +2,002% |
| Advances received on contracts in progress | 46 | €500 | €500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €33,741 | €175,928 | +€142,187 | +421% |
| Taxes | 450/3 | €33,741 | €152,331 | +€118,590 | +351% |
| Remuneration and social security | 454/9 | - | €23,598 | +€23,598 | |
| Other amounts payable | 47/48 | €144,323 | €343,427 | +€199,103 | +138% |
| Remuneration, social security and pensions | 62 | - | €79,999 | +€79,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,339 | €22,273 | +€18,934 | +567% |
| Other operating charges | 640/8 | €1,263 | €2,026 | +€764 | +60.5% |
| Gross operating margin | 9900 | €303,453 | €640,081 | +€336,628 | +111% |
| Operating profit (loss) | 9901 | €298,852 | €535,784 | +€236,932 | +79.3% |
| Financial income | 75/76B | €4,409 | €2,060 | -€2,349 | -53.3% |
| Recurring financial income | 75 | €4,409 | €2,060 | -€2,349 | -53.3% |
| Financial charges | 65/66B | €867 | €673 | -€193 | -22.3% |
| Recurring financial charges | 65 | €867 | €673 | -€193 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €302,394 | €537,170 | +€234,776 | +77.6% |
| Income taxes | 67/77 | €72,942 | €132,921 | +€59,979 | +82.2% |
| Profit (loss) for the period | 9904 | €229,452 | €404,249 | +€174,797 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €229,452 | €404,249 | +€174,797 | +76.2% |
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 3 November 2026 via checked.be.