AW-RENOVATION: what changed
AW-RENOVATION
Largest movements
- Cash +€123,230
up €123,230 (+297%), from €41,447 to €164,678
mainly Net result for the year (+€50,545) and Tax, wage and social debts (+€29,293)
- Stocks and contracts -€28,755
no longer reported in 2025 (was €28,755)
- Receivables within one year -€28,324
down €28,324 (-62.6%), from €45,241 to €16,917
of which Trade receivables: -€20,167
- Tangible fixed assets +€26,167
up €26,167 (+226%), from €11,557 to €37,724
- Profit (loss) carried forward +€50,545
up €50,545 (+277%), from €18,241 to €68,786
- Tax, wage and social debts +€29,293
up €29,293 (+212%), from €13,813 to €43,106
of which Remuneration and social security: +€22,913
- Debts after one year +€28,006
new in 2025: €28,006
- Advances received -€22,217
down €22,217 (-51.9%), from €42,847 to €20,630
- Trade debts -€8,709
down €8,709 (-37.8%), from €23,055 to €14,346
- Gross operating margin +€103,149
up €103,149 (+751%), from €13,735 to €116,884
- Staff costs +€40,511
new in 2025: €40,511
- Taxes +€10,109
up €10,109 (+1,781%), from €568 to €10,676
- Write-downs +€3,179
new in 2025: €3,179
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,957 | €230,660 | +€92,703 | +67.2% |
| Fixed assets | 21/28 | €11,557 | €37,724 | +€26,167 | +226% |
| Tangible fixed assets | 22/27 | €11,557 | €37,724 | +€26,167 | +226% |
| Furniture and vehicles | 24 | €11,557 | €37,724 | +€26,167 | +226% |
| Current assets | 29/58 | €126,400 | €192,936 | +€66,536 | +52.6% |
| Stocks and contracts in progress | 3 | €28,755 | - | -€28,755 | |
| Stocks | 30/36 | €28,755 | - | -€28,755 | |
| Amounts receivable within one year | 40/41 | €45,241 | €16,917 | -€28,324 | -62.6% |
| Trade receivables | 40 | €31,588 | €11,421 | -€20,167 | -63.8% |
| Other amounts receivable | 41 | €13,654 | €5,496 | -€8,157 | -59.7% |
| Cash at bank and in hand | 54/58 | €41,447 | €164,678 | +€123,230 | +297% |
| Deferred charges and accrued income | 490/1 | €10,956 | €11,342 | +€385 | +3.5% |
| Total equity and liabilities | 10/49 | €137,957 | €230,660 | +€92,703 | +67.2% |
| Equity | 10/15 | €58,241 | €108,786 | +€50,545 | +86.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,241 | €68,786 | +€50,545 | +277% |
| Amounts payable | 17/49 | €79,715 | €121,873 | +€42,158 | +52.9% |
| Amounts payable after more than one year | 17 | - | €28,006 | +€28,006 | |
| Financial debts | 170/4 | - | €28,006 | +€28,006 | |
| Amounts payable within one year | 42/48 | €79,715 | €93,862 | +€14,146 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,468 | +€7,468 | |
| Trade debts | 44 | €23,055 | €14,346 | -€8,709 | -37.8% |
| Suppliers | 440/4 | €23,055 | €14,346 | -€8,709 | -37.8% |
| Advances received on contracts in progress | 46 | €42,847 | €20,630 | -€22,217 | -51.9% |
| Taxes, remuneration and social security | 45 | €13,813 | €43,106 | +€29,293 | +212% |
| Taxes | 450/3 | €2,591 | €8,971 | +€6,380 | +246% |
| Remuneration and social security | 454/9 | €11,222 | €34,135 | +€22,913 | +204% |
| Other amounts payable | 47/48 | - | €8,312 | +€8,312 | |
| Accrued charges and deferred income | 492/3 | - | €6 | +€6 | |
| Remuneration, social security and pensions | 62 | - | €40,511 | +€40,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,184 | €6,124 | -€60 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,179 | +€3,179 | |
| Other operating charges | 640/8 | €1,139 | €778 | -€360 | -31.6% |
| Gross operating margin | 9900 | €13,735 | €116,884 | +€103,149 | +751% |
| Operating profit (loss) | 9901 | €6,413 | €66,292 | +€59,879 | +934% |
| Financial income | 75/76B | €218 | €10 | -€208 | -95.4% |
| Recurring financial income | 75 | €218 | €10 | -€208 | -95.4% |
| Financial charges | 65/66B | €5,010 | €5,081 | +€71 | +1.4% |
| Recurring financial charges | 65 | €5,010 | €5,081 | +€71 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €1,621 | €61,221 | +€59,601 | +3,678% |
| Income taxes | 67/77 | €568 | €10,676 | +€10,109 | +1,781% |
| Profit (loss) for the period | 9904 | €1,053 | €50,545 | +€49,492 | +4,699% |
| Profit (loss) for the period to be appropriated | 9905 | €1,053 | €50,545 | +€49,492 | +4,699% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.