FAWA ALLIANCE: what changed
FAWA ALLIANCE
Largest movements
- Receivables within one year +€16,034
up €16,034 (+109%), from €14,718 to €30,752
of which Trade receivables: +€15,347
- Tangible fixed assets +€4,890
new in 2025: €4,890
- Cash -€1,574
down €1,574 (-60.7%), from €2,592 to €1,018
mainly Receivables within one year (-€16,034) and Investment in fixed assets (net) (-€5,400)
- Profit (loss) carried forward +€12,403
up €12,403 (+193%), from €6,423 to €18,826
- Tax, wage and social debts +€9,889
up €9,889 (+607%), from €1,629 to €11,517
of which Remuneration and social security: +€5,900
- Trade debts -€2,942
down €2,942 (-43.5%), from €6,758 to €3,816
- Gross operating margin +€31,422
up €31,422 (+387%), from €8,119 to €39,540
- Write-downs +€21,000
new in 2025: €21,000
- Taxes +€2,360
up €2,360 (+145%), from €1,629 to €3,989
- Other operating charges +€1,494
new in 2025: €1,494
- Depreciation +€510
new in 2025: €510
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,310 | €36,659 | +€19,349 | +112% |
| Fixed assets | 21/28 | - | €4,890 | +€4,890 | |
| Tangible fixed assets | 22/27 | - | €4,890 | +€4,890 | |
| Furniture and vehicles | 24 | - | €4,890 | +€4,890 | |
| Current assets | 29/58 | €17,310 | €31,770 | +€14,460 | +83.5% |
| Amounts receivable within one year | 40/41 | €14,718 | €30,752 | +€16,034 | +109% |
| Trade receivables | 40 | €9,493 | €24,840 | +€15,347 | +162% |
| Other amounts receivable | 41 | €5,225 | €5,912 | +€687 | +13.1% |
| Cash at bank and in hand | 54/58 | €2,592 | €1,018 | -€1,574 | -60.7% |
| Total equity and liabilities | 10/49 | €17,310 | €36,659 | +€19,349 | +112% |
| Equity | 10/15 | €8,423 | €20,826 | +€12,403 | +147% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,423 | €18,826 | +€12,403 | +193% |
| Amounts payable | 17/49 | €8,886 | €15,833 | +€6,946 | +78.2% |
| Amounts payable within one year | 42/48 | €8,886 | €15,833 | +€6,946 | +78.2% |
| Trade debts | 44 | €6,758 | €3,816 | -€2,942 | -43.5% |
| Suppliers | 440/4 | €6,758 | €3,816 | -€2,942 | -43.5% |
| Taxes, remuneration and social security | 45 | €1,629 | €11,517 | +€9,889 | +607% |
| Taxes | 450/3 | €1,629 | €5,617 | +€3,989 | +245% |
| Remuneration and social security | 454/9 | - | €5,900 | +€5,900 | |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €510 | +€510 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,000 | +€21,000 | |
| Other operating charges | 640/8 | - | €1,494 | +€1,494 | |
| Gross operating margin | 9900 | €8,119 | €39,540 | +€31,422 | +387% |
| Operating profit (loss) | 9901 | €8,119 | €16,535 | +€8,417 | +104% |
| Financial income | 75/76B | €25 | €53 | +€28 | +110% |
| Recurring financial income | 75 | €25 | €53 | +€28 | +110% |
| Financial charges | 65/66B | €92 | €196 | +€105 | +115% |
| Recurring financial charges | 65 | €92 | €196 | +€105 | +115% |
| Profit (loss) for the period before taxes | 9903 | €8,052 | €16,392 | +€8,339 | +104% |
| Income taxes | 67/77 | €1,629 | €3,989 | +€2,360 | +145% |
| Profit (loss) for the period | 9904 | €6,423 | €12,403 | +€5,979 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,423 | €12,403 | +€5,979 | +93.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.