AW HOLDING: 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.
AW HOLDING
Largest movements
- Cash -€162,030
down €162,030 (-84.9%), from €190,799 to €28,769
mainly Debts after one year (-€625,438) and Receivables within one year (-€2,129)
- Debts after one year -€625,438
down €625,438 (-72.5%), from €862,500 to €237,062
- Reserves +€341,696
up €341,696 (+38.3%), from €892,301 to €1.2m
- Current portion of long-term debt +€72,800
up €72,800 (+40.8%), from €178,571 to €251,371
- Other debts +€32,250
up €32,250 (+4.3%), from €751,170 to €783,419
- Financial income -€75,037
down €75,037 (-20.0%), from €375,069 to €300,032
- Gross operating margin +€19,044
up €19,044 (+14.0%), from €136,329 to €155,373
- Financial charges +€7,391
up €7,391 (+25.3%), from €29,196 to €36,587
- Taxes +€1,871
up €1,871 (+18.2%), from €10,292 to €12,164
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,746,361 | €2,572,714 | -€173,647 | -6.3% |
| Fixed assets | 21/28 | €2,535,821 | €2,521,666 | -€14,155 | -0.6% |
| Tangible fixed assets | 22/27 | €35,821 | €21,666 | -€14,155 | -39.5% |
| Plant, machinery and equipment | 23 | €289 | €0 | -€289 | -100% |
| Furniture and vehicles | 24 | €33,166 | €20,174 | -€12,992 | -39.2% |
| Other tangible fixed assets | 26 | €2,365 | €1,492 | -€874 | -36.9% |
| Financial fixed assets | 28 | €2,500,000 | €2,500,000 | = | 0.0% |
| Current assets | 29/58 | €210,541 | €51,048 | -€159,493 | -75.8% |
| Amounts receivable within one year | 40/41 | €14,708 | €16,836 | +€2,129 | +14.5% |
| Other amounts receivable | 41 | €14,708 | €16,836 | +€2,129 | +14.5% |
| Cash at bank and in hand | 54/58 | €190,799 | €28,769 | -€162,030 | -84.9% |
| Deferred charges and accrued income | 490/1 | €5,034 | €5,443 | +€408 | +8.1% |
| Total equity and liabilities | 10/49 | €2,746,361 | €2,572,714 | -€173,647 | -6.3% |
| Equity | 10/15 | €912,301 | €1,253,997 | +€341,696 | +37.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €892,301 | €1,233,997 | +€341,696 | +38.3% |
| Distributable reserves | 133 | €892,301 | €1,233,997 | +€341,696 | +38.3% |
| Amounts payable | 17/49 | €1,834,060 | €1,318,717 | -€515,344 | -28.1% |
| Amounts payable after more than one year | 17 | €862,500 | €237,062 | -€625,438 | -72.5% |
| Financial debts | 170/4 | €862,500 | €237,062 | -€625,438 | -72.5% |
| Amounts payable within one year | 42/48 | €946,674 | €1,051,341 | +€104,667 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €178,571 | €251,371 | +€72,800 | +40.8% |
| Trade debts | 44 | €3,947 | €3,249 | -€698 | -17.7% |
| Suppliers | 440/4 | €3,947 | €3,249 | -€698 | -17.7% |
| Taxes, remuneration and social security | 45 | €12,986 | €13,302 | +€315 | +2.4% |
| Taxes | 450/3 | €4,206 | €4,250 | +€44 | +1.0% |
| Remuneration and social security | 454/9 | €8,781 | €9,052 | +€272 | +3.1% |
| Other amounts payable | 47/48 | €751,170 | €783,419 | +€32,250 | +4.3% |
| Accrued charges and deferred income | 492/3 | €24,886 | €30,314 | +€5,428 | +21.8% |
| Non-recurring operating income | 76A | €540 | - | -€540 | |
| Remuneration, social security and pensions | 62 | €48,963 | €48,678 | -€285 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,821 | €14,719 | -€102 | -0.7% |
| Other operating charges | 640/8 | €1,530 | €1,562 | +€32 | +2.1% |
| Gross operating margin | 9900 | €136,329 | €155,373 | +€19,044 | +14.0% |
| Operating profit (loss) | 9901 | €71,016 | €90,415 | +€19,399 | +27.3% |
| Financial income | 75/76B | €375,069 | €300,032 | -€75,037 | -20.0% |
| Recurring financial income | 75 | €375,069 | €300,032 | -€75,037 | -20.0% |
| Financial charges | 65/66B | €29,196 | €36,587 | +€7,391 | +25.3% |
| Recurring financial charges | 65 | €29,196 | €36,587 | +€7,391 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €416,889 | €353,860 | -€63,030 | -15.1% |
| Income taxes | 67/77 | €10,292 | €12,164 | +€1,871 | +18.2% |
| Profit (loss) for the period | 9904 | €406,597 | €341,696 | -€64,901 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €406,597 | €341,696 | -€64,901 | -16.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.