AWEL: what changed
Two fiscal 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.
AWEL
Largest movements
- Tangible fixed assets -€9,974
down €9,974 (-4.5%), from €221,122 to €211,148
of which Land and buildings: -€8,950
- Cash +€9,240
up €9,240 (+64.4%), from €14,341 to €23,581
mainly Depreciation (+€14,998) and Other debts (+€13,215)
- Debts after one year -€15,111
down €15,111 (-16.2%), from €93,161 to €78,050
- Other debts +€13,215
up €13,215 (+103.2%), from €12,799 to €26,014
- Reserves +€4,800
up €4,800 (+6.7%), from €71,752 to €76,552
of which Distributable reserves: +€4,800
- Current portion of long-term debt -€2,786
down €2,786 (-14.1%), from €19,827 to €17,041
- Tax, wage and social debts +€2,642
up €2,642 (+65.2%), from €4,055 to €6,697
- Gross operating margin -€1,881
down €1,881 (-4.6%), from €41,216 to €39,335
- Depreciation -€1,736
down €1,736 (-10.4%), from €16,734 to €14,998
- Taxes +€1,158
up €1,158 (+17.8%), from €6,517 to €7,675
- Financial charges -€1,060
down €1,060 (-18.2%), from €5,806 to €4,747
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 | €249,308 | €249,369 | +€61 | 0.0% |
| Fixed assets | 21/28 | €221,180 | €211,206 | -€9,974 | -4.5% |
| Tangible fixed assets | 22/27 | €221,122 | €211,148 | -€9,974 | -4.5% |
| Land and buildings | 22 | €203,486 | €194,536 | -€8,950 | -4.4% |
| Plant, machinery and equipment | 23 | €13,513 | €15,349 | +€1,836 | +13.6% |
| Furniture and vehicles | 24 | €4,123 | €1,263 | -€2,860 | -69.4% |
| Financial fixed assets | 28 | €58 | €58 | = | 0.0% |
| Current assets | 29/58 | €28,128 | €38,163 | +€10,035 | +35.7% |
| Amounts receivable within one year | 40/41 | €11,787 | €11,732 | -€55 | -0.5% |
| Trade receivables | 40 | €11,787 | €11,732 | -€55 | -0.5% |
| Cash at bank and in hand | 54/58 | €14,341 | €23,581 | +€9,240 | +64.4% |
| Deferred charges and accrued income | 490/1 | €2,000 | €2,850 | +€850 | +42.5% |
| Total equity and liabilities | 10/49 | €249,308 | €249,369 | +€61 | 0.0% |
| Equity | 10/15 | €118,065 | €121,566 | +€3,501 | +3.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €71,752 | €76,552 | +€4,800 | +6.7% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €60,752 | €65,552 | +€4,800 | +7.9% |
| Profit (loss) carried forward | 14 | €44,312 | €43,014 | -€1,299 | -2.9% |
| Amounts payable | 17/49 | €131,243 | €127,803 | -€3,440 | -2.6% |
| Amounts payable after more than one year | 17 | €93,161 | €78,050 | -€15,111 | -16.2% |
| Financial debts | 170/4 | €93,161 | €78,050 | -€15,111 | -16.2% |
| Amounts payable within one year | 42/48 | €38,082 | €49,753 | +€11,671 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €19,827 | €17,041 | -€2,786 | -14.1% |
| Trade debts | 44 | €1,400 | - | -€1,400 | |
| Suppliers | 440/4 | €1,400 | - | -€1,400 | |
| Taxes, remuneration and social security | 45 | €4,055 | €6,697 | +€2,642 | +65.2% |
| Taxes | 450/3 | €4,055 | €6,697 | +€2,642 | +65.2% |
| Other amounts payable | 47/48 | €12,799 | €26,014 | +€13,215 | +103.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,734 | €14,998 | -€1,736 | -10.4% |
| Other operating charges | 640/8 | €2,261 | €2,327 | +€66 | +2.9% |
| Gross operating margin | 9900 | €41,216 | €39,335 | -€1,881 | -4.6% |
| Operating profit (loss) | 9901 | €22,221 | €22,010 | -€211 | -1.0% |
| Financial income | 75/76B | €49 | €113 | +€64 | +130.4% |
| Recurring financial income | 75 | €49 | €113 | +€64 | +130.4% |
| Financial charges | 65/66B | €5,806 | €4,747 | -€1,060 | -18.2% |
| Recurring financial charges | 65 | €5,806 | €4,747 | -€1,060 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €16,464 | €17,376 | +€912 | +5.5% |
| Income taxes | 67/77 | €6,517 | €7,675 | +€1,158 | +17.8% |
| Profit (loss) for the period | 9904 | €9,947 | €9,701 | -€246 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,947 | €9,701 | -€246 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.