d-fool Awans: 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.
d-fool Awans
Largest movements
- Tangible fixed assets +€734,741
up €734,741 (+128%), from €572,470 to €1.3m
of which Plant, machinery and equipment: +€1.2m
- Receivables within one year +€61,538
up €61,538 (+398%), from €15,473 to €77,011
of which Trade receivables: +€54,146
- Cash +€34,085
up €34,085 (+57.8%), from €58,948 to €93,033
mainly Debts after one year (+€854,404) and Current portion of long-term debt (+€166,658)
- Intangible fixed assets +€27,086
new in 2025: €27,086
- Debts after one year +€854,404
up €854,404 (+370%), from €230,750 to €1.1m
- Profit (loss) carried forward -€201,274
down €201,274 (-533%), from -€37,787 to -€239,061
- Current portion of long-term debt +€166,658
up €166,658 (+487%), from €34,250 to €200,908
- Tax, wage and social debts +€31,655
new in 2025: €31,655
of which Remuneration and social security: +€25,591
- Turnover +€726,234
new in 2025: €726,234
- Purchases and services +€616,102
new in 2025: €616,102
- Gross operating margin +€208,411
up €208,411, from -€18,117 to €190,294
- Staff costs +€195,413
new in 2025: €195,413
- Depreciation +€137,940
up €137,940 (+99,323%), from €139 to €138,079
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 | €651,585 | €1,521,893 | +€870,308 | +134% |
| Formation expenses | 20 | €956 | €737 | -€219 | -22.9% |
| Fixed assets | 21/28 | €572,470 | €1,334,997 | +€762,527 | +133% |
| Intangible fixed assets | 21 | - | €27,086 | +€27,086 | |
| Tangible fixed assets | 22/27 | €572,470 | €1,307,211 | +€734,741 | +128% |
| Plant, machinery and equipment | 23 | - | €1,227,457 | +€1.2m | |
| Furniture and vehicles | 24 | - | €79,753 | +€79,753 | |
| Assets under construction and advance payments | 27 | €572,470 | €0 | -€572,470 | -100% |
| Financial fixed assets | 28 | - | €700 | +€700 | |
| Current assets | 29/58 | €78,158 | €186,159 | +€108,001 | +138% |
| Stocks and contracts in progress | 3 | - | €12,212 | +€12,212 | |
| Stocks | 30/36 | - | €12,212 | +€12,212 | |
| Amounts receivable within one year | 40/41 | €15,473 | €77,011 | +€61,538 | +398% |
| Trade receivables | 40 | €1,600 | €55,746 | +€54,146 | +3,384% |
| Other amounts receivable | 41 | €13,873 | €21,265 | +€7,392 | +53.3% |
| Cash at bank and in hand | 54/58 | €58,948 | €93,033 | +€34,085 | +57.8% |
| Deferred charges and accrued income | 490/1 | €3,738 | €3,903 | +€165 | +4.4% |
| Total equity and liabilities | 10/49 | €651,585 | €1,521,893 | +€870,308 | +134% |
| Equity | 10/15 | €312,213 | €110,939 | -€201,274 | -64.5% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,787 | -€239,061 | -€201,274 | -533% |
| Provisions and deferred taxes | 16 | - | €7,241 | +€7,241 | |
| Deferred taxes | 168 | - | €7,241 | +€7,241 | |
| Amounts payable | 17/49 | €339,372 | €1,403,713 | +€1.1m | +314% |
| Amounts payable after more than one year | 17 | €230,750 | €1,085,154 | +€854,404 | +370% |
| Financial debts | 170/4 | €230,750 | €1,085,154 | +€854,404 | +370% |
| Amounts payable within one year | 42/48 | €105,387 | €311,135 | +€205,748 | +195% |
| Current portion of amounts payable after more than one year | 42 | €34,250 | €200,908 | +€166,658 | +487% |
| Financial debts | 43 | - | €12,358 | +€12,358 | |
| Credit institutions | 430/8 | - | €12,358 | +€12,358 | |
| Trade debts | 44 | €71,137 | €57,701 | -€13,436 | -18.9% |
| Suppliers | 440/4 | €71,137 | €57,701 | -€13,436 | -18.9% |
| Advances received on contracts in progress | 46 | - | €8,513 | +€8,513 | |
| Taxes, remuneration and social security | 45 | - | €31,655 | +€31,655 | |
| Taxes | 450/3 | - | €6,064 | +€6,064 | |
| Remuneration and social security | 454/9 | - | €25,591 | +€25,591 | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €3,234 | €7,424 | +€4,190 | +130% |
| Turnover | 70 | - | €726,234 | +€726,234 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €616,102 | +€616,102 | |
| Remuneration, social security and pensions | 62 | - | €195,413 | +€195,413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139 | €138,079 | +€137,940 | +99,323% |
| Other operating charges | 640/8 | €7,391 | €7,505 | +€114 | +1.5% |
| Gross operating margin | 9900 | -€18,117 | €190,294 | +€208,411 | |
| Operating profit (loss) | 9901 | -€25,646 | -€150,703 | -€125,057 | -488% |
| Financial income | 75/76B | - | €349 | +€349 | |
| Recurring financial income | 75 | - | €349 | +€349 | |
| Financial charges | 65/66B | €12,140 | €50,920 | +€38,780 | +319% |
| Recurring financial charges | 65 | €12,140 | €50,920 | +€38,780 | +319% |
| Profit (loss) for the period before taxes | 9903 | -€37,787 | -€201,274 | -€163,487 | -433% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€37,787 | -€201,274 | -€163,487 | -433% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,787 | -€201,274 | -€163,487 | -433% |
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 24 October 2026 via checked.be.