AW MED: 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 MED
Largest movements
- Cash -€42,495
down €42,495 (-87.0%), from €48,826 to €6,331
mainly Debts after one year (-€67,419) and Current portion of long-term debt (-€11,964)
- Intangible fixed assets -€21,435
down €21,435 (-20.0%), from €107,130 to €85,695
- Deferred charges and accrued income +€2,816
up €2,816 (+53.9%), from €5,220 to €8,037
- Tangible fixed assets +€2,224
up €2,224 (+29.6%), from €7,500 to €9,724
- Receivables within one year +€1,788
new in 2025: €1,788
- Debts after one year -€67,419
down €67,419 (-100.0%), from €67,419 to €0
- Other debts +€26,392
up €26,392 (+55.0%), from €48,003 to €74,395
- Current portion of long-term debt -€11,964
down €11,964 (-100.0%), from €11,964 to €0
- Tax, wage and social debts -€8,064
down €8,064 (-92.1%), from €8,751 to €687
- Profit (loss) carried forward +€3,974
new in 2025: €3,974
- Gross operating margin -€3,106
down €3,106 (-7.3%), from €42,275 to €39,169
- Financial charges +€3,075
up €3,075 (+102.4%), from €3,003 to €6,079
- Taxes -€1,856
down €1,856 (-36.6%), from €5,068 to €3,212
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 | €168,676 | €111,574 | -€57,102 | -33.9% |
| Fixed assets | 21/28 | €114,630 | €95,419 | -€19,211 | -16.8% |
| Intangible fixed assets | 21 | €107,130 | €85,695 | -€21,435 | -20.0% |
| Tangible fixed assets | 22/27 | €7,500 | €9,724 | +€2,224 | +29.6% |
| Furniture and vehicles | 24 | €7,500 | €9,724 | +€2,224 | +29.6% |
| Current assets | 29/58 | €54,046 | €16,156 | -€37,891 | -70.1% |
| Amounts receivable within one year | 40/41 | - | €1,788 | +€1,788 | |
| Other amounts receivable | 41 | - | €1,788 | +€1,788 | |
| Cash at bank and in hand | 54/58 | €48,826 | €6,331 | -€42,495 | -87.0% |
| Deferred charges and accrued income | 490/1 | €5,220 | €8,037 | +€2,816 | +53.9% |
| Total equity and liabilities | 10/49 | €168,676 | €111,574 | -€57,102 | -33.9% |
| Equity | 10/15 | €32,348 | €36,322 | +€3,974 | +12.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €29,348 | €29,348 | = | 0.0% |
| Distributable reserves | 133 | €29,348 | €29,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,974 | +€3,974 | |
| Amounts payable | 17/49 | €136,328 | €75,252 | -€61,076 | -44.8% |
| Amounts payable after more than one year | 17 | €67,419 | €0 | -€67,419 | -100.0% |
| Financial debts | 170/4 | €67,419 | €0 | -€67,419 | -100.0% |
| Amounts payable within one year | 42/48 | €68,910 | €75,252 | +€6,343 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €11,964 | €0 | -€11,964 | -100.0% |
| Trade debts | 44 | €192 | €170 | -€22 | -11.4% |
| Suppliers | 440/4 | €192 | €170 | -€22 | -11.4% |
| Taxes, remuneration and social security | 45 | €8,751 | €687 | -€8,064 | -92.1% |
| Taxes | 450/3 | €8,751 | €687 | -€8,064 | -92.1% |
| Other amounts payable | 47/48 | €48,003 | €74,395 | +€26,392 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,185 | €25,504 | +€319 | +1.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €42,275 | €39,169 | -€3,106 | -7.3% |
| Operating profit (loss) | 9901 | €16,703 | €13,265 | -€3,438 | -20.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,003 | €6,079 | +€3,075 | +102.4% |
| Recurring financial charges | 65 | €3,003 | €6,079 | +€3,075 | +102.4% |
| Profit (loss) for the period before taxes | 9903 | €13,699 | €7,186 | -€6,513 | -47.5% |
| Income taxes | 67/77 | €5,068 | €3,212 | -€1,856 | -36.6% |
| Profit (loss) for the period | 9904 | €8,631 | €3,974 | -€4,657 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,631 | €3,974 | -€4,657 | -54.0% |
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 10 October 2026 via checked.be.