AW Afwerking: what changed
AW Afwerking
Largest movements
- Receivables within one year +€75,601
up €75,601 (+65.4%), from €115,554 to €191,155
of which Other amounts receivable: +€91,318
- Deferred charges and accrued income +€6,672
up €6,672 (+199%), from €3,345 to €10,017
- Tangible fixed assets -€4,420
down €4,420 (-24.7%), from €17,886 to €13,466
- Cash +€3,550
up €3,550 (+26.3%), from €13,505 to €17,055
mainly Net result for the year (+€80,887) and Tax, wage and social debts (+€21,968)
- Reserves +€80,887
up €80,887 (+89.9%), from €90,001 to €170,888
- Tax, wage and social debts +€21,968
up €21,968 (+69.9%), from €31,438 to €53,406
- Trade debts -€18,453
down €18,453 (-75.0%), from €24,591 to €6,138
- Current portion of long-term debt -€3,000
down €3,000 (-100%), from €3,000 to €0
- Gross operating margin +€8,715
up €8,715 (+8.9%), from €97,960 to €106,676
- Financial income +€5,529
up €5,529 (+166%), from €3,321 to €8,850
- Taxes +€5,488
up €5,488 (+29.0%), from €18,950 to €24,438
- Financial charges -€1,576
down €1,576 (-25.1%), from €6,273 to €4,696
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 | €150,290 | €231,693 | +€81,403 | +54.2% |
| Fixed assets | 21/28 | €17,886 | €13,466 | -€4,420 | -24.7% |
| Tangible fixed assets | 22/27 | €17,886 | €13,466 | -€4,420 | -24.7% |
| Furniture and vehicles | 24 | €17,886 | €13,466 | -€4,420 | -24.7% |
| Current assets | 29/58 | €132,404 | €218,227 | +€85,823 | +64.8% |
| Amounts receivable within one year | 40/41 | €115,554 | €191,155 | +€75,601 | +65.4% |
| Trade receivables | 40 | €15,718 | €0 | -€15,718 | -100% |
| Other amounts receivable | 41 | €99,837 | €191,155 | +€91,318 | +91.5% |
| Cash at bank and in hand | 54/58 | €13,505 | €17,055 | +€3,550 | +26.3% |
| Deferred charges and accrued income | 490/1 | €3,345 | €10,017 | +€6,672 | +199% |
| Total equity and liabilities | 10/49 | €150,290 | €231,693 | +€81,403 | +54.2% |
| Equity | 10/15 | €91,261 | €172,148 | +€80,887 | +88.6% |
| Contributions | 10/11 | €1,260 | €1,260 | = | 0.0% |
| Reserves | 13 | €90,001 | €170,888 | +€80,887 | +89.9% |
| Distributable reserves | 133 | €90,001 | €170,888 | +€80,887 | +89.9% |
| Amounts payable | 17/49 | €59,029 | €59,544 | +€516 | +0.9% |
| Amounts payable within one year | 42/48 | €59,029 | €59,544 | +€516 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €0 | -€3,000 | -100% |
| Trade debts | 44 | €24,591 | €6,138 | -€18,453 | -75.0% |
| Suppliers | 440/4 | €24,591 | €6,138 | -€18,453 | -75.0% |
| Taxes, remuneration and social security | 45 | €31,438 | €53,406 | +€21,968 | +69.9% |
| Taxes | 450/3 | €31,438 | €53,406 | +€21,968 | +69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,214 | €4,420 | +€206 | +4.9% |
| Other operating charges | 640/8 | €2,020 | €1,085 | -€935 | -46.3% |
| Gross operating margin | 9900 | €97,960 | €106,676 | +€8,715 | +8.9% |
| Operating profit (loss) | 9901 | €91,726 | €101,171 | +€9,445 | +10.3% |
| Financial income | 75/76B | €3,321 | €8,850 | +€5,529 | +166% |
| Recurring financial income | 75 | €3,321 | €8,850 | +€5,529 | +166% |
| Financial charges | 65/66B | €6,273 | €4,696 | -€1,576 | -25.1% |
| Recurring financial charges | 65 | €6,273 | €4,696 | -€1,576 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €88,775 | €105,325 | +€16,550 | +18.6% |
| Income taxes | 67/77 | €18,950 | €24,438 | +€5,488 | +29.0% |
| Profit (loss) for the period | 9904 | €69,825 | €80,887 | +€11,062 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,825 | €80,887 | +€11,062 | +15.8% |
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 4 November 2026 via checked.be.