CAWU: 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.
CAWU
Largest movements
- Cash -€27,608
down €27,608 (-70.2%), from €39,309 to €11,700
mainly Contributions, distributions and other (-€78,274) and Investment in fixed assets (net) (-€16,779)
- Tangible fixed assets +€11,325
up €11,325 (+48.4%), from €23,389 to €34,714
of which Other tangible fixed assets: +€14,114
- Receivables within one year -€7,303
down €7,303 (-46.5%), from €15,703 to €8,400
of which Other amounts receivable: -€5,623
- Deferred charges and accrued income +€2,262
up €2,262 (+673%), from €336 to €2,598
- Receivables after one year -€2,003
no longer reported in 2025 (was €2,003)
- Reserves -€54,800
down €54,800 (-99.9%), from €54,828 to €28
- Other debts +€35,092
new in 2025: €35,092
- Debts after one year -€6,244
down €6,244 (-62.1%), from €10,052 to €3,807
- Current portion of long-term debt +€3,878
up €3,878 (+164%), from €2,367 to €6,244
- Tax, wage and social debts -€2,570
down €2,570 (-23.7%), from €10,821 to €8,252
- Gross operating margin +€17,915
up €17,915 (+95.6%), from €18,740 to €36,655
- Taxes +€2,482
up €2,482 (+66.5%), from €3,732 to €6,214
- Depreciation +€1,928
up €1,928 (+54.7%), from €3,526 to €5,454
- Financial charges +€491
up €491 (+79.2%), from €619 to €1,110
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 | €80,739 | €57,412 | -€23,327 | -28.9% |
| Fixed assets | 21/28 | €23,389 | €34,714 | +€11,325 | +48.4% |
| Tangible fixed assets | 22/27 | €23,389 | €34,714 | +€11,325 | +48.4% |
| Furniture and vehicles | 24 | €9,174 | €6,385 | -€2,788 | -30.4% |
| Other tangible fixed assets | 26 | €14,215 | €28,329 | +€14,114 | +99.3% |
| Current assets | 29/58 | €57,351 | €22,698 | -€34,653 | -60.4% |
| Amounts receivable after more than one year | 29 | €2,003 | - | -€2,003 | |
| Other amounts receivable | 291 | €2,003 | - | -€2,003 | |
| Amounts receivable within one year | 40/41 | €15,703 | €8,400 | -€7,303 | -46.5% |
| Trade receivables | 40 | €9,680 | €8,000 | -€1,680 | -17.4% |
| Other amounts receivable | 41 | €6,023 | €400 | -€5,623 | -93.4% |
| Cash at bank and in hand | 54/58 | €39,309 | €11,700 | -€27,608 | -70.2% |
| Deferred charges and accrued income | 490/1 | €336 | €2,598 | +€2,262 | +673% |
| Total equity and liabilities | 10/49 | €80,739 | €57,412 | -€23,327 | -28.9% |
| Equity | 10/15 | €56,828 | €2,028 | -€54,800 | -96.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €54,828 | €28 | -€54,800 | -99.9% |
| Distributable reserves | 133 | €54,828 | €28 | -€54,800 | -99.9% |
| Amounts payable | 17/49 | €23,911 | €55,384 | +€31,473 | +132% |
| Amounts payable after more than one year | 17 | €10,052 | €3,807 | -€6,244 | -62.1% |
| Financial debts | 170/4 | €10,052 | €3,807 | -€6,244 | -62.1% |
| Amounts payable within one year | 42/48 | €13,860 | €51,577 | +€37,717 | +272% |
| Current portion of amounts payable after more than one year | 42 | €2,367 | €6,244 | +€3,878 | +164% |
| Trade debts | 44 | €672 | €1,989 | +€1,317 | +196% |
| Suppliers | 440/4 | €672 | €1,989 | +€1,317 | +196% |
| Taxes, remuneration and social security | 45 | €10,821 | €8,252 | -€2,570 | -23.7% |
| Taxes | 450/3 | €10,821 | €8,252 | -€2,570 | -23.7% |
| Other amounts payable | 47/48 | - | €35,092 | +€35,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,526 | €5,454 | +€1,928 | +54.7% |
| Other operating charges | 640/8 | €234 | €560 | +€326 | +139% |
| Gross operating margin | 9900 | €18,740 | €36,655 | +€17,915 | +95.6% |
| Operating profit (loss) | 9901 | €14,980 | €30,640 | +€15,661 | +105% |
| Financial income | 75/76B | €402 | €158 | -€244 | -60.6% |
| Recurring financial income | 75 | €402 | €158 | -€244 | -60.6% |
| Financial charges | 65/66B | €619 | €1,110 | +€491 | +79.2% |
| Recurring financial charges | 65 | €619 | €1,110 | +€491 | +79.2% |
| Profit (loss) for the period before taxes | 9903 | €14,762 | €29,688 | +€14,926 | +101% |
| Income taxes | 67/77 | €3,732 | €6,214 | +€2,482 | +66.5% |
| Profit (loss) for the period | 9904 | €11,030 | €23,474 | +€12,444 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €11,030 | €23,474 | +€12,444 | +113% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.