AWGF: 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.
AWGF
Largest movements
- Cash +€63,298
up €63,298 (+36.0%), from €175,656 to €238,954
mainly Net result for the year (+€159,772) and Depreciation (+€61,252)
- Intangible fixed assets -€46,429
down €46,429 (-16.7%), from €278,444 to €232,016
- Receivables within one year +€7,000
new in 2025: €7,000
- Profit (loss) carried forward +€409,772
up €409,772 (+1118.6%), from €36,631 to €446,403
- Reserves -€250,000
no longer reported in 2025 (was €250,000)
- Other debts -€71,459
down €71,459 (-43.5%), from €164,101 to €92,642
- Tax, wage and social debts -€40,000
down €40,000 (-92.4%), from €43,300 to €3,300
- Debts after one year -€33,072
down €33,072 (-27.7%), from €119,394 to €86,323
- Gross operating margin -€161,846
down €161,846 (-36.6%), from €441,923 to €280,078
- Taxes -€38,254
down €38,254 (-42.5%), from €90,000 to €51,746
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 | €648,118 | €664,273 | +€16,155 | +2.5% |
| Fixed assets | 21/28 | €328,875 | €277,840 | -€51,035 | -15.5% |
| Intangible fixed assets | 21 | €278,444 | €232,016 | -€46,429 | -16.7% |
| Tangible fixed assets | 22/27 | €50,431 | €45,824 | -€4,607 | -9.1% |
| Plant, machinery and equipment | 23 | €4,671 | €2,661 | -€2,010 | -43.0% |
| Furniture and vehicles | 24 | €45,760 | €43,163 | -€2,596 | -5.7% |
| Current assets | 29/58 | €319,243 | €386,434 | +€67,190 | +21.0% |
| Amounts receivable within one year | 40/41 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 41 | - | €7,000 | +€7,000 | |
| Cash at bank and in hand | 54/58 | €175,656 | €238,954 | +€63,298 | +36.0% |
| Deferred charges and accrued income | 490/1 | €143,587 | €140,480 | -€3,108 | -2.2% |
| Total equity and liabilities | 10/49 | €648,118 | €664,273 | +€16,155 | +2.5% |
| Equity | 10/15 | €286,691 | €446,463 | +€159,772 | +55.7% |
| Contributions | 10/11 | €60 | €60 | = | 0.0% |
| Reserves | 13 | €250,000 | - | -€250,000 | |
| Distributable reserves | 133 | €250,000 | - | -€250,000 | |
| Profit (loss) carried forward | 14 | €36,631 | €446,403 | +€409,772 | +1118.6% |
| Amounts payable | 17/49 | €361,427 | €217,810 | -€143,617 | -39.7% |
| Amounts payable after more than one year | 17 | €119,394 | €86,323 | -€33,072 | -27.7% |
| Financial debts | 170/4 | €119,394 | €86,323 | -€33,072 | -27.7% |
| Amounts payable within one year | 42/48 | €242,033 | €131,487 | -€110,545 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €31,824 | €33,072 | +€1,247 | +3.9% |
| Trade debts | 44 | €2,807 | €2,474 | -€333 | -11.9% |
| Suppliers | 440/4 | €2,807 | €2,474 | -€333 | -11.9% |
| Taxes, remuneration and social security | 45 | €43,300 | €3,300 | -€40,000 | -92.4% |
| Taxes | 450/3 | €43,300 | €3,300 | -€40,000 | -92.4% |
| Other amounts payable | 47/48 | €164,101 | €92,642 | -€71,459 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,943 | €61,252 | +€2,309 | +3.9% |
| Other operating charges | 640/8 | €1,850 | €1,814 | -€36 | -1.9% |
| Gross operating margin | 9900 | €441,923 | €280,078 | -€161,846 | -36.6% |
| Operating profit (loss) | 9901 | €381,131 | €217,012 | -€164,118 | -43.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,666 | €5,495 | +€1,828 | +49.9% |
| Recurring financial charges | 65 | €3,666 | €5,495 | +€1,828 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €377,464 | €211,518 | -€165,946 | -44.0% |
| Income taxes | 67/77 | €90,000 | €51,746 | -€38,254 | -42.5% |
| Profit (loss) for the period | 9904 | €287,464 | €159,772 | -€127,692 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €287,464 | €159,772 | -€127,692 | -44.4% |
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 1 October 2026 via checked.be.