AWT: 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.
AWT
Largest movements
- Cash -€71,160
down €71,160 (-23.8%), from €298,867 to €227,707
mainly Trade debts (-€69,668) and Contributions, distributions and other (-€40,000)
- Receivables within one year -€53,593
down €53,593 (-26.1%), from €205,184 to €151,592
of which Trade receivables: -€52,829
- Tangible fixed assets -€32,369
down €32,369 (-23.9%), from €135,429 to €103,060
of which Furniture and vehicles: -€36,540
- Trade debts -€69,668
down €69,668 (-48.7%), from €143,164 to €73,497
- Reserves -€65,936
down €65,936 (-16.1%), from €408,692 to €342,756
of which Distributable reserves: -€65,936
- Debts after one year -€20,313
down €20,313 (-38.3%), from €53,010 to €32,697
- Provisions +€85,000
up €85,000, from -€85,000 to €0
- Gross operating margin -€75,480
down €75,480 (-32.7%), from €230,945 to €155,465
- Taxes -€45,832
down €45,832 (-99.3%), from €46,133 to €301
- Depreciation +€8,442
up €8,442 (+26.3%), from €32,084 to €40,527
- Staff costs +€6,555
up €6,555 (+5.3%), from €123,638 to €130,193
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 | €706,792 | €545,595 | -€161,197 | -22.8% |
| Fixed assets | 21/28 | €135,429 | €103,060 | -€32,369 | -23.9% |
| Tangible fixed assets | 22/27 | €135,429 | €103,060 | -€32,369 | -23.9% |
| Plant, machinery and equipment | 23 | €124 | €4,294 | +€4,170 | +3364.4% |
| Furniture and vehicles | 24 | €135,305 | €98,766 | -€36,540 | -27.0% |
| Current assets | 29/58 | €571,363 | €442,535 | -€128,828 | -22.5% |
| Stocks and contracts in progress | 3 | €63,387 | €58,763 | -€4,624 | -7.3% |
| Stocks | 30/36 | €63,387 | €58,763 | -€4,624 | -7.3% |
| Amounts receivable within one year | 40/41 | €205,184 | €151,592 | -€53,593 | -26.1% |
| Trade receivables | 40 | €189,722 | €136,893 | -€52,829 | -27.8% |
| Other amounts receivable | 41 | €15,463 | €14,699 | -€764 | -4.9% |
| Cash at bank and in hand | 54/58 | €298,867 | €227,707 | -€71,160 | -23.8% |
| Deferred charges and accrued income | 490/1 | €3,925 | €4,473 | +€549 | +14.0% |
| Total equity and liabilities | 10/49 | €706,792 | €545,595 | -€161,197 | -22.8% |
| Equity | 10/15 | €448,062 | €382,126 | -€65,936 | -14.7% |
| Contributions | 10/11 | €39,370 | €39,370 | = | 0.0% |
| Reserves | 13 | €408,692 | €342,756 | -€65,936 | -16.1% |
| Tax-exempt reserves | 132 | €21,459 | €21,459 | = | 0.0% |
| Distributable reserves | 133 | €387,233 | €321,297 | -€65,936 | -17.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €258,731 | €163,469 | -€95,261 | -36.8% |
| Amounts payable after more than one year | 17 | €53,010 | €32,697 | -€20,313 | -38.3% |
| Financial debts | 170/4 | €53,010 | €32,697 | -€20,313 | -38.3% |
| Amounts payable within one year | 42/48 | €205,721 | €130,773 | -€74,948 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €19,399 | €20,313 | +€914 | +4.7% |
| Trade debts | 44 | €143,164 | €73,497 | -€69,668 | -48.7% |
| Suppliers | 440/4 | €143,164 | €73,497 | -€69,668 | -48.7% |
| Taxes, remuneration and social security | 45 | €43,157 | €36,963 | -€6,195 | -14.4% |
| Taxes | 450/3 | €31,591 | €26,059 | -€5,532 | -17.5% |
| Remuneration and social security | 454/9 | €11,567 | €10,904 | -€663 | -5.7% |
| Non-recurring operating income | 76A | €2,831 | €2,087 | -€744 | -26.3% |
| Remuneration, social security and pensions | 62 | €123,638 | €130,193 | +€6,555 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,084 | €40,527 | +€8,442 | +26.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€85,000 | €0 | +€85,000 | |
| Other operating charges | 640/8 | €1,049 | €4,502 | +€3,452 | +328.9% |
| Gross operating margin | 9900 | €230,945 | €155,465 | -€75,480 | -32.7% |
| Operating profit (loss) | 9901 | €159,173 | -€19,756 | -€178,930 | |
| Financial income | 75/76B | €2,026 | €584 | -€1,442 | -71.2% |
| Recurring financial income | 75 | €2,026 | €584 | -€1,442 | -71.2% |
| Financial charges | 65/66B | €8,187 | €6,462 | -€1,724 | -21.1% |
| Recurring financial charges | 65 | €8,187 | €6,462 | -€1,724 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €153,013 | -€25,635 | -€178,648 | |
| Income taxes | 67/77 | €46,133 | €301 | -€45,832 | -99.3% |
| Profit (loss) for the period | 9904 | €106,880 | -€25,936 | -€132,815 | |
| Profit (loss) for the period to be appropriated | 9905 | €106,880 | -€25,936 | -€132,815 |
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 3 October 2026 via checked.be.