AW LOGISTICS: what changed
Two fiscal 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 LOGISTICS
Largest movements
- Receivables within one year +€186,809
up €186,809 (+98.8%), from €189,132 to €375,941
of which Trade receivables: +€189,663
- Cash -€162,998
down €162,998 (-64.1%), from €254,129 to €91,130
mainly Receivables within one year (-€186,809) and Trade debts (-€32,391)
- Deferred charges and accrued income -€8,157
down €8,157 (-80.3%), from €10,155 to €1,998
- Accrued charges and deferred income +€40,048
up €40,048 (+68.3%), from €58,627 to €98,676
- Trade debts -€32,391
down €32,391 (-13.5%), from €239,779 to €207,388
- Profit (loss) carried forward +€8,529
up €8,529 (+12.2%), from €70,057 to €78,586
- Gross operating margin -€2,819
down €2,819 (-14.4%), from €19,606 to €16,786
- Financial income -€2,257
no longer reported in 2025 (was €2,257)
- Financial charges -€1,523
down €1,523 (-37.4%), from €4,077 to €2,554
- Taxes -€684
down €684 (-14.5%), from €4,713 to €4,029
- Other operating charges +€639
up €639 (+81.5%), from €784 to €1,424
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.
Cash bridge derived
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 | €455,247 | €470,649 | +€15,402 | +3.4% |
| Fixed assets | 21/28 | €1,832 | €1,581 | -€251 | -13.7% |
| Tangible fixed assets | 22/27 | €1,832 | €1,581 | -€251 | -13.7% |
| Furniture and vehicles | 24 | €1,832 | €1,581 | -€251 | -13.7% |
| Current assets | 29/58 | €453,415 | €469,068 | +€15,653 | +3.5% |
| Amounts receivable within one year | 40/41 | €189,132 | €375,941 | +€186,809 | +98.8% |
| Trade receivables | 40 | €167,647 | €357,310 | +€189,663 | +113.1% |
| Other amounts receivable | 41 | €21,485 | €18,631 | -€2,854 | -13.3% |
| Cash at bank and in hand | 54/58 | €254,129 | €91,130 | -€162,998 | -64.1% |
| Deferred charges and accrued income | 490/1 | €10,155 | €1,998 | -€8,157 | -80.3% |
| Total equity and liabilities | 10/49 | €455,247 | €470,649 | +€15,402 | +3.4% |
| Equity | 10/15 | €152,127 | €160,656 | +€8,529 | +5.6% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €19,070 | €19,070 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,070 | €19,070 | = | 0.0% |
| Legal reserve | 130 | €19,070 | €19,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,057 | €78,586 | +€8,529 | +12.2% |
| Amounts payable | 17/49 | €303,120 | €309,993 | +€6,874 | +2.3% |
| Amounts payable within one year | 42/48 | €244,492 | €211,318 | -€33,175 | -13.6% |
| Trade debts | 44 | €239,779 | €207,388 | -€32,391 | -13.5% |
| Suppliers | 440/4 | €239,779 | €207,388 | -€32,391 | -13.5% |
| Taxes, remuneration and social security | 45 | €4,713 | €3,930 | -€783 | -16.6% |
| Taxes | 450/3 | €4,713 | €3,930 | -€783 | -16.6% |
| Accrued charges and deferred income | 492/3 | €58,627 | €98,676 | +€40,048 | +68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251 | €251 | -€0 | 0.0% |
| Other operating charges | 640/8 | €784 | €1,424 | +€639 | +81.5% |
| Gross operating margin | 9900 | €19,606 | €16,786 | -€2,819 | -14.4% |
| Operating profit (loss) | 9901 | €18,571 | €15,112 | -€3,459 | -18.6% |
| Financial income | 75/76B | €2,257 | - | -€2,257 | |
| Recurring financial income | 75 | €2,257 | - | -€2,257 | |
| Financial charges | 65/66B | €4,077 | €2,554 | -€1,523 | -37.4% |
| Recurring financial charges | 65 | €4,077 | €2,554 | -€1,523 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €16,751 | €12,558 | -€4,193 | -25.0% |
| Income taxes | 67/77 | €4,713 | €4,029 | -€684 | -14.5% |
| Profit (loss) for the period | 9904 | €12,038 | €8,529 | -€3,509 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,038 | €8,529 | -€3,509 | -29.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.