AWK: 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.
AWK
Largest movements
- Stocks and contracts -€338,915
down €338,915 (-60.2%), from €562,923 to €224,008
- Current investments -€12,000
no longer reported in 2025 (was €12,000)
- Debts after one year -€363,706
down €363,706 (-65.3%), from €556,650 to €192,944
of which Financial debts: -€396,000
- Contributions -€13,500
down €13,500 (-69.2%), from €19,500 to €6,000
- Accrued charges and deferred income +€12,517
new in 2025: €12,517
- Profit (loss) carried forward +€9,913
up €9,913 (+122%), from €8,109 to €18,022
- Gross operating margin +€47,760
up €47,760, from -€7,426 to €40,334
- Financial charges +€4,413
up €4,413 (+17.0%), from €25,885 to €30,297
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 | €585,248 | €231,508 | -€353,740 | -60.4% |
| Current assets | 29/58 | €585,248 | €231,508 | -€353,740 | -60.4% |
| Stocks and contracts in progress | 3 | €562,923 | €224,008 | -€338,915 | -60.2% |
| Stocks | 30/36 | €562,923 | €224,008 | -€338,915 | -60.2% |
| Amounts receivable within one year | 40/41 | €6,549 | €7,192 | +€643 | +9.8% |
| Trade receivables | 40 | €6,549 | €6,549 | = | 0.0% |
| Other amounts receivable | 41 | - | €643 | +€643 | |
| Current investments | 50/53 | €12,000 | - | -€12,000 | |
| Cash at bank and in hand | 54/58 | €3,776 | €307 | -€3,468 | -91.9% |
| Total equity and liabilities | 10/49 | €585,248 | €231,508 | -€353,740 | -60.4% |
| Equity | 10/15 | €27,609 | €24,022 | -€3,587 | -13.0% |
| Contributions | 10/11 | €19,500 | €6,000 | -€13,500 | -69.2% |
| Profit (loss) carried forward | 14 | €8,109 | €18,022 | +€9,913 | +122% |
| Amounts payable | 17/49 | €557,638 | €207,486 | -€350,153 | -62.8% |
| Amounts payable after more than one year | 17 | €556,650 | €192,944 | -€363,706 | -65.3% |
| Financial debts | 170/4 | €396,000 | - | -€396,000 | |
| Other amounts payable | 178/9 | €160,650 | €192,944 | +€32,294 | +20.1% |
| Amounts payable within one year | 42/48 | €988 | €2,024 | +€1,036 | +105% |
| Trade debts | 44 | €911 | €2,024 | +€1,114 | +122% |
| Suppliers | 440/4 | €911 | €2,024 | +€1,114 | +122% |
| Taxes, remuneration and social security | 45 | €77 | - | -€77 | |
| Taxes | 450/3 | €77 | - | -€77 | |
| Accrued charges and deferred income | 492/3 | - | €12,517 | +€12,517 | |
| Other operating charges | 640/8 | €62 | €124 | +€62 | +100% |
| Gross operating margin | 9900 | -€7,426 | €40,334 | +€47,760 | |
| Operating profit (loss) | 9901 | -€7,488 | €40,210 | +€47,698 | |
| Financial charges | 65/66B | €25,885 | €30,297 | +€4,413 | +17.0% |
| Recurring financial charges | 65 | €25,885 | €30,297 | +€4,413 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,373 | €9,913 | +€43,286 | |
| Profit (loss) for the period | 9904 | -€33,373 | €9,913 | +€43,286 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,373 | €9,913 | +€43,286 |
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 13 October 2026 via checked.be.