AWF: 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.
AWF
Largest movements
- Receivables within one year +€16,363
up €16,363 (+141.0%), from €11,603 to €27,966
of which Trade receivables: +€17,652
- Deferred charges and accrued income +€1,204
new in 2025: €1,204
- Cash -€943
down €943 (-22.8%), from €4,136 to €3,193
mainly Receivables within one year (-€16,363) and Net result for the year (-€11,853)
- Other debts +€40,054
up €40,054 (+92.3%), from €43,375 to €83,429
- Profit (loss) carried forward -€11,853
down €11,853 (-55.2%), from -€21,460 to -€33,313
- Debts after one year -€5,790
down €5,790 (-25.0%), from €23,118 to €17,328
- Trade debts -€5,479
down €5,479 (-68.3%), from €8,024 to €2,545
- Gross operating margin -€5,612
down €5,612, from €5,101 to -€510
- Financial income -€5,500
down €5,500 (-99.2%), from €5,546 to €47
- Depreciation -€3,376
down €3,376 (-41.4%), from €8,150 to €4,773
- Financial charges -€538
down €538 (-25.9%), from €2,076 to €1,538
- Staff costs +€530
up €530 (+20.2%), from €2,616 to €3,145
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 | €65,045 | €82,120 | +€17,075 | +26.3% |
| Fixed assets | 21/28 | €49,306 | €49,757 | +€451 | +0.9% |
| Tangible fixed assets | 22/27 | €49,306 | €49,757 | +€451 | +0.9% |
| Plant, machinery and equipment | 23 | €9,813 | €13,588 | +€3,775 | +38.5% |
| Furniture and vehicles | 24 | €39,494 | €36,169 | -€3,325 | -8.4% |
| Current assets | 29/58 | €15,739 | €32,363 | +€16,624 | +105.6% |
| Amounts receivable within one year | 40/41 | €11,603 | €27,966 | +€16,363 | +141.0% |
| Trade receivables | 40 | €9,085 | €26,737 | +€17,652 | +194.3% |
| Other amounts receivable | 41 | €2,519 | €1,229 | -€1,290 | -51.2% |
| Cash at bank and in hand | 54/58 | €4,136 | €3,193 | -€943 | -22.8% |
| Deferred charges and accrued income | 490/1 | - | €1,204 | +€1,204 | |
| Total equity and liabilities | 10/49 | €65,045 | €82,120 | +€17,075 | +26.3% |
| Equity | 10/15 | -€15,260 | -€27,113 | -€11,853 | -77.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,460 | -€33,313 | -€11,853 | -55.2% |
| Amounts payable | 17/49 | €80,305 | €109,233 | +€28,928 | +36.0% |
| Amounts payable after more than one year | 17 | €23,118 | €17,328 | -€5,790 | -25.0% |
| Financial debts | 170/4 | €23,118 | €17,328 | -€5,790 | -25.0% |
| Amounts payable within one year | 42/48 | €57,187 | €91,905 | +€34,718 | +60.7% |
| Current portion of amounts payable after more than one year | 42 | €5,536 | €5,790 | +€254 | +4.6% |
| Trade debts | 44 | €8,024 | €2,545 | -€5,479 | -68.3% |
| Suppliers | 440/4 | €8,024 | €2,545 | -€5,479 | -68.3% |
| Taxes, remuneration and social security | 45 | €252 | €141 | -€111 | -44.1% |
| Taxes | 450/3 | €81 | €141 | +€59 | +72.9% |
| Remuneration and social security | 454/9 | €171 | - | -€171 | |
| Other amounts payable | 47/48 | €43,375 | €83,429 | +€40,054 | +92.3% |
| Non-recurring operating income | 76A | - | €506 | +€506 | |
| Remuneration, social security and pensions | 62 | €2,616 | €3,145 | +€530 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,150 | €4,773 | -€3,376 | -41.4% |
| Other operating charges | 640/8 | €2,305 | €1,791 | -€514 | -22.3% |
| Non-recurring operating charges | 66A | €6,952 | - | -€6,952 | |
| Gross operating margin | 9900 | €5,101 | -€510 | -€5,612 | |
| Operating profit (loss) | 9901 | -€14,921 | -€10,220 | +€4,701 | +31.5% |
| Financial income | 75/76B | €5,546 | €47 | -€5,500 | -99.2% |
| Recurring financial income | 75 | €5,546 | €47 | -€5,500 | -99.2% |
| Financial charges | 65/66B | €2,076 | €1,538 | -€538 | -25.9% |
| Recurring financial charges | 65 | €2,076 | €1,538 | -€538 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,451 | -€11,712 | -€261 | -2.3% |
| Income taxes | 67/77 | €82 | €141 | +€59 | +72.7% |
| Profit (loss) for the period | 9904 | -€11,533 | -€11,853 | -€320 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,533 | -€11,853 | -€320 | -2.8% |
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 7 October 2026 via checked.be.