AW Law: 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 Law
Largest movements
- Receivables within one year +€17,806
up €17,806 (+41,544%), from €43 to €17,849
of which Trade receivables: +€17,737
- Tangible fixed assets -€10,826
down €10,826 (-50.6%), from €21,411 to €10,585
- Cash -€6,066
down €6,066 (-19.7%), from €30,786 to €24,720
mainly Receivables within one year (-€17,806) and Contributions, distributions and other (-€17,647)
- Other debts +€16,978
up €16,978 (+250%), from €6,796 to €23,774
- Debts after one year -€8,437
down €8,437 (-100%), from €8,437 to €0
- Reserves -€7,000
down €7,000 (-70.0%), from €10,000 to €3,000
- Current portion of long-term debt -€1,564
down €1,564 (-15.6%), from €10,001 to €8,437
- Profit (loss) carried forward +€588
up €588 (+162%), from €363 to €951
- Gross operating margin +€8,347
up €8,347 (+42.7%), from €19,530 to €27,877
- Taxes +€1,902
up €1,902 (+141%), from €1,345 to €3,247
- Depreciation +€321
up €321 (+3.1%), from €10,505 to €10,826
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 | €54,155 | €54,564 | +€409 | +0.8% |
| Fixed assets | 21/28 | €21,411 | €10,585 | -€10,826 | -50.6% |
| Tangible fixed assets | 22/27 | €21,411 | €10,585 | -€10,826 | -50.6% |
| Furniture and vehicles | 24 | €21,411 | €10,585 | -€10,826 | -50.6% |
| Current assets | 29/58 | €32,743 | €43,979 | +€11,235 | +34.3% |
| Amounts receivable within one year | 40/41 | €43 | €17,849 | +€17,806 | +41,544% |
| Trade receivables | 40 | €0 | €17,737 | +€17,737 | |
| Other amounts receivable | 41 | €43 | €111 | +€68 | +159% |
| Cash at bank and in hand | 54/58 | €30,786 | €24,720 | -€6,066 | -19.7% |
| Deferred charges and accrued income | 490/1 | €1,915 | €1,411 | -€505 | -26.3% |
| Total equity and liabilities | 10/49 | €54,155 | €54,564 | +€409 | +0.8% |
| Equity | 10/15 | €15,363 | €8,951 | -€6,412 | -41.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €3,000 | -€7,000 | -70.0% |
| Distributable reserves | 133 | €10,000 | €3,000 | -€7,000 | -70.0% |
| Profit (loss) carried forward | 14 | €363 | €951 | +€588 | +162% |
| Amounts payable | 17/49 | €38,792 | €45,613 | +€6,821 | +17.6% |
| Amounts payable after more than one year | 17 | €8,437 | €0 | -€8,437 | -100% |
| Financial debts | 170/4 | €8,437 | €0 | -€8,437 | -100% |
| Amounts payable within one year | 42/48 | €30,354 | €45,613 | +€15,259 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €10,001 | €8,437 | -€1,564 | -15.6% |
| Trade debts | 44 | €74 | €189 | +€116 | +157% |
| Suppliers | 440/4 | €74 | €189 | +€116 | +157% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,483 | €13,213 | -€271 | -2.0% |
| Taxes | 450/3 | €11,683 | €11,413 | -€271 | -2.3% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €6,796 | €23,774 | +€16,978 | +250% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,505 | €10,826 | +€321 | +3.1% |
| Other operating charges | 640/8 | €1,770 | €1,978 | +€208 | +11.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €19,530 | €27,877 | +€8,347 | +42.7% |
| Operating profit (loss) | 9901 | €7,255 | €15,073 | +€7,818 | +108% |
| Financial income | 75/76B | - | €124 | +€124 | |
| Recurring financial income | 75 | - | €124 | +€124 | |
| Financial charges | 65/66B | €646 | €715 | +€69 | +10.6% |
| Recurring financial charges | 65 | €646 | €715 | +€69 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €6,609 | €14,482 | +€7,873 | +119% |
| Income taxes | 67/77 | €1,345 | €3,247 | +€1,902 | +141% |
| Profit (loss) for the period | 9904 | €5,264 | €11,235 | +€5,971 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €5,264 | €11,235 | +€5,971 | +113% |
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 20 October 2026 via checked.be.