AW Management: 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 Management
Largest movements
- Cash +€13,484
up €13,484 (+26.8%), from €50,376 to €63,860
mainly Tax, wage and social debts (+€13,046) and Net result for the year (+€7,241)
- Receivables within one year +€6,703
up €6,703 (+21.5%), from €31,204 to €37,907
of which Other amounts receivable: +€11,962
- Deferred charges and accrued income +€1,229
up €1,229 (+51.5%), from €2,388 to €3,617
- Tax, wage and social debts +€13,046
up €13,046 (+162%), from €8,055 to €21,101
of which Taxes: +€13,046
- Reserves +€6,341
up €6,341 (+9.9%), from €64,283 to €70,624
- Short-term financial debts +€2,644
new in 2025: €2,644
- Gross operating margin +€5,852
up €5,852 (+46.4%), from €12,610 to €18,462
- Taxes +€2,827
up €2,827 (+97.7%), from €2,894 to €5,721
- Depreciation +€761
up €761 (+34.0%), from €2,242 to €3,003
- Financial charges -€536
down €536 (-19.2%), from €2,799 to €2,263
- Other operating charges -€413
down €413 (-37.0%), from €1,117 to €704
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 | €93,030 | €115,120 | +€22,090 | +23.7% |
| Fixed assets | 21/28 | €9,062 | €9,736 | +€674 | +7.4% |
| Tangible fixed assets | 22/27 | €7,062 | €7,736 | +€674 | +9.6% |
| Plant, machinery and equipment | 23 | €4,104 | €2,709 | -€1,395 | -34.0% |
| Furniture and vehicles | 24 | €2,958 | €5,027 | +€2,069 | +70.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €83,969 | €105,384 | +€21,416 | +25.5% |
| Amounts receivable within one year | 40/41 | €31,204 | €37,907 | +€6,703 | +21.5% |
| Trade receivables | 40 | €22,404 | €17,145 | -€5,259 | -23.5% |
| Other amounts receivable | 41 | €8,800 | €20,762 | +€11,962 | +136% |
| Cash at bank and in hand | 54/58 | €50,376 | €63,860 | +€13,484 | +26.8% |
| Deferred charges and accrued income | 490/1 | €2,388 | €3,617 | +€1,229 | +51.5% |
| Total equity and liabilities | 10/49 | €93,030 | €115,120 | +€22,090 | +23.7% |
| Equity | 10/15 | €76,683 | €83,024 | +€6,341 | +8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €64,283 | €70,624 | +€6,341 | +9.9% |
| Distributable reserves | 133 | €64,283 | €70,624 | +€6,341 | +9.9% |
| Amounts payable | 17/49 | €16,347 | €32,096 | +€15,749 | +96.3% |
| Amounts payable within one year | 42/48 | €16,347 | €31,979 | +€15,632 | +95.6% |
| Financial debts | 43 | - | €2,644 | +€2,644 | |
| Credit institutions | 430/8 | - | €2,644 | +€2,644 | |
| Trade debts | 44 | €5,552 | €5,470 | -€82 | -1.5% |
| Suppliers | 440/4 | €5,552 | €5,470 | -€82 | -1.5% |
| Advances received on contracts in progress | 46 | €1,712 | €1,712 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,055 | €21,101 | +€13,046 | +162% |
| Taxes | 450/3 | €5,555 | €18,601 | +€13,046 | +235% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €1,028 | €1,052 | +€24 | +2.3% |
| Accrued charges and deferred income | 492/3 | - | €117 | +€117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,242 | €3,003 | +€761 | +34.0% |
| Other operating charges | 640/8 | €1,117 | €704 | -€413 | -37.0% |
| Gross operating margin | 9900 | €12,610 | €18,462 | +€5,852 | +46.4% |
| Operating profit (loss) | 9901 | €9,252 | €14,755 | +€5,503 | +59.5% |
| Financial income | 75/76B | €149 | €470 | +€321 | +216% |
| Recurring financial income | 75 | €149 | €470 | +€321 | +216% |
| Financial charges | 65/66B | €2,799 | €2,263 | -€536 | -19.2% |
| Recurring financial charges | 65 | €2,799 | €2,263 | -€536 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €6,602 | €12,962 | +€6,360 | +96.3% |
| Income taxes | 67/77 | €2,894 | €5,721 | +€2,827 | +97.7% |
| Profit (loss) for the period | 9904 | €3,708 | €7,241 | +€3,533 | +95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,708 | €7,241 | +€3,533 | +95.3% |
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.