AW OFFICES: 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 OFFICES
Largest movements
- Stocks and contracts -€125,784
no longer reported in 2025 (was €125,784)
- Tangible fixed assets +€98,255
up €98,255 (+38.9%), from €252,690 to €350,945
of which Assets under construction and advance payments: +€133,875
- Other debts -€24,851
down €24,851 (-9.8%), from €252,825 to €227,974
- Debts after one year -€19,600
down €19,600 (-20.7%), from €94,734 to €75,134
- Tax, wage and social debts +€9,407
up €9,407 (+740%), from €1,271 to €10,678
- Reserves +€7,759
up €7,759 (+15.8%), from €48,962 to €56,721
- Gross operating margin +€8,726
up €8,726 (+14.1%), from €62,061 to €70,787
- Taxes +€2,946
up €2,946 (+58.6%), from €5,027 to €7,973
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 | €438,556 | €407,833 | -€30,723 | -7.0% |
| Fixed assets | 21/28 | €259,950 | €359,525 | +€99,575 | +38.3% |
| Tangible fixed assets | 22/27 | €252,690 | €350,945 | +€98,255 | +38.9% |
| Land and buildings | 22 | €252,690 | €217,069 | -€35,621 | -14.1% |
| Assets under construction and advance payments | 27 | - | €133,875 | +€133,875 | |
| Financial fixed assets | 28 | €7,260 | €8,580 | +€1,320 | +18.2% |
| Current assets | 29/58 | €178,606 | €48,308 | -€130,298 | -73.0% |
| Stocks and contracts in progress | 3 | €125,784 | - | -€125,784 | |
| Stocks | 30/36 | €125,784 | - | -€125,784 | |
| Amounts receivable within one year | 40/41 | €4,387 | €1,594 | -€2,793 | -63.7% |
| Trade receivables | 40 | €3,336 | €1,594 | -€1,742 | -52.2% |
| Other amounts receivable | 41 | €1,050 | - | -€1,050 | |
| Cash at bank and in hand | 54/58 | €48,387 | €46,663 | -€1,724 | -3.6% |
| Deferred charges and accrued income | 490/1 | €49 | €51 | +€2 | +4.7% |
| Total equity and liabilities | 10/49 | €438,556 | €407,833 | -€30,723 | -7.0% |
| Equity | 10/15 | €60,879 | €66,971 | +€6,093 | +10.0% |
| Contributions | 10/11 | €6,240 | €6,240 | = | 0.0% |
| Reserves | 13 | €48,962 | €56,721 | +€7,759 | +15.8% |
| Distributable reserves | 133 | €48,962 | €56,721 | +€7,759 | +15.8% |
| Profit (loss) carried forward | 14 | €5,677 | €4,011 | -€1,666 | -29.3% |
| Amounts payable | 17/49 | €377,677 | €340,862 | -€36,816 | -9.7% |
| Amounts payable after more than one year | 17 | €94,734 | €75,134 | -€19,600 | -20.7% |
| Financial debts | 170/4 | €94,734 | €75,134 | -€19,600 | -20.7% |
| Amounts payable within one year | 42/48 | €282,944 | €265,728 | -€17,216 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €19,600 | €19,600 | = | 0.0% |
| Trade debts | 44 | €9,247 | €7,476 | -€1,772 | -19.2% |
| Suppliers | 440/4 | €9,247 | €7,476 | -€1,772 | -19.2% |
| Taxes, remuneration and social security | 45 | €1,271 | €10,678 | +€9,407 | +740% |
| Taxes | 450/3 | €1,271 | €10,678 | +€9,407 | +740% |
| Other amounts payable | 47/48 | €252,825 | €227,974 | -€24,851 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,621 | €35,621 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,199 | €3,300 | +€101 | +3.2% |
| Gross operating margin | 9900 | €62,061 | €70,787 | +€8,726 | +14.1% |
| Operating profit (loss) | 9901 | €23,241 | €31,866 | +€8,625 | +37.1% |
| Financial charges | 65/66B | €7,443 | €6,808 | -€635 | -8.5% |
| Recurring financial charges | 65 | €7,443 | €6,808 | -€635 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €15,798 | €25,058 | +€9,259 | +58.6% |
| Income taxes | 67/77 | €5,027 | €7,973 | +€2,946 | +58.6% |
| Profit (loss) for the period | 9904 | €10,772 | €17,085 | +€6,313 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,772 | €17,085 | +€6,313 | +58.6% |
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 15 October 2026 via checked.be.