Awa-re: 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.
Awa-re
Largest movements
- Stocks and contracts +€987,012
up €987,012 (+37.8%), from €2.6m to €3.6m
- Cash +€680,458
up €680,458 (+872%), from €78,031 to €758,488
mainly Short-term financial debts (+€1.5m) and Net result for the year (+€152,512)
- Short-term financial debts +€1.5m
up €1.5m (+136%), from €1.1m to €2.5m
of which Other loans: +€1.2m
- Reserves +€129,866
new in 2025: €129,866
- Tax, wage and social debts +€50,828
up €50,828 (+291%), from €17,495 to €68,323
of which Taxes: +€53,186
- Gross operating margin +€288,544
up €288,544 (+770%), from €37,494 to €326,038
- Staff costs +€51,886
up €51,886 (+124%), from €41,978 to €93,863
- Taxes +€39,645
new in 2025: €39,645
- Financial charges +€14,246
up €14,246 (+187%), from €7,623 to €21,869
- Depreciation +€5,169
up €5,169 (+58.0%), from €8,913 to €14,082
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 | €2,760,323 | €4,434,840 | +€1.7m | +60.7% |
| Fixed assets | 21/28 | €23,595 | €41,716 | +€18,121 | +76.8% |
| Intangible fixed assets | 21 | €4,365 | €3,699 | -€666 | -15.3% |
| Tangible fixed assets | 22/27 | €19,230 | €37,435 | +€18,205 | +94.7% |
| Plant, machinery and equipment | 23 | - | €10,181 | +€10,181 | |
| Furniture and vehicles | 24 | €19,230 | €27,254 | +€8,024 | +41.7% |
| Financial fixed assets | 28 | - | €582 | +€582 | |
| Current assets | 29/58 | €2,736,728 | €4,393,124 | +€1.7m | +60.5% |
| Stocks and contracts in progress | 3 | €2,608,345 | €3,595,357 | +€987,012 | +37.8% |
| Stocks | 30/36 | €2,608,345 | €3,595,357 | +€987,012 | +37.8% |
| Amounts receivable within one year | 40/41 | €48,135 | €36,118 | -€12,016 | -25.0% |
| Trade receivables | 40 | €24,684 | €25,392 | +€708 | +2.9% |
| Other amounts receivable | 41 | €23,451 | €10,726 | -€12,724 | -54.3% |
| Cash at bank and in hand | 54/58 | €78,031 | €758,488 | +€680,458 | +872% |
| Deferred charges and accrued income | 490/1 | €2,218 | €3,160 | +€943 | +42.5% |
| Total equity and liabilities | 10/49 | €2,760,323 | €4,434,840 | +€1.7m | +60.7% |
| Equity | 10/15 | €27,354 | €179,866 | +€152,512 | +558% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €129,866 | +€129,866 | |
| Distributable reserves | 133 | - | €129,866 | +€129,866 | |
| Profit (loss) carried forward | 14 | -€22,646 | €0 | +€22,646 | |
| Amounts payable | 17/49 | €2,732,969 | €4,254,974 | +€1.5m | +55.7% |
| Amounts payable within one year | 42/48 | €2,722,710 | €4,254,974 | +€1.5m | +56.3% |
| Financial debts | 43 | €1,076,314 | €2,539,625 | +€1.5m | +136% |
| Credit institutions | 430/8 | €1,314 | €255,583 | +€254,269 | +19,353% |
| Other loans | 439 | €1,075,000 | €2,284,042 | +€1.2m | +112% |
| Trade debts | 44 | €128,901 | €158,462 | +€29,561 | +22.9% |
| Suppliers | 440/4 | €128,901 | €158,462 | +€29,561 | +22.9% |
| Taxes, remuneration and social security | 45 | €17,495 | €68,323 | +€50,828 | +291% |
| Taxes | 450/3 | €10,031 | €63,216 | +€53,186 | +530% |
| Remuneration and social security | 454/9 | €7,464 | €5,106 | -€2,358 | -31.6% |
| Other amounts payable | 47/48 | €1,500,000 | €1,488,564 | -€11,436 | -0.8% |
| Accrued charges and deferred income | 492/3 | €10,259 | €0 | -€10,259 | -100% |
| Non-recurring operating income | 76A | - | €1,040 | +€1,040 | |
| Remuneration, social security and pensions | 62 | €41,978 | €93,863 | +€51,886 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,913 | €14,082 | +€5,169 | +58.0% |
| Other operating charges | 640/8 | €2,553 | €4,101 | +€1,549 | +60.7% |
| Gross operating margin | 9900 | €37,494 | €326,038 | +€288,544 | +770% |
| Operating profit (loss) | 9901 | -€15,950 | €213,991 | +€229,941 | |
| Financial income | 75/76B | €927 | €34 | -€893 | -96.3% |
| Recurring financial income | 75 | €927 | €34 | -€893 | -96.3% |
| Financial charges | 65/66B | €7,623 | €21,869 | +€14,246 | +187% |
| Recurring financial charges | 65 | €7,623 | €21,869 | +€14,246 | +187% |
| Profit (loss) for the period before taxes | 9903 | -€22,646 | €192,157 | +€214,802 | |
| Income taxes | 67/77 | - | €39,645 | +€39,645 | |
| Profit (loss) for the period | 9904 | -€22,646 | €152,512 | +€175,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,646 | €152,512 | +€175,157 |
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.