FAWI: what changed
FAWI
Largest movements
- Cash -€111,776
down €111,776 (-75.3%), from €148,344 to €36,568
mainly Contributions, distributions and other (-€60,213) and Receivables within one year (-€48,231)
- Receivables within one year +€48,231
up €48,231 (+278%), from €17,353 to €65,583
of which Other amounts receivable: +€46,762
- Deferred charges and accrued income +€7,294
up €7,294 (+540%), from €1,351 to €8,645
- Tangible fixed assets +€6,832
up €6,832 (+106%), from €6,467 to €13,299
of which Furniture and vehicles: +€6,595
- Reserves -€48,341
down €48,341 (-36.2%), from €133,717 to €85,377
- Tax, wage and social debts -€7,301
down €7,301 (-38.6%), from €18,897 to €11,596
- Trade debts +€6,222
up €6,222 (+270%), from €2,300 to €8,522
- Gross operating margin -€71,985
down €71,985 (-75.5%), from €95,312 to €23,327
- Taxes -€8,913
down €8,913 (-45.2%), from €19,713 to €10,800
- Financial income +€1,736
up €1,736 (+680%), from €255 to €1,991
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 | €173,514 | €124,095 | -€49,420 | -28.5% |
| Fixed assets | 21/28 | €6,467 | €13,299 | +€6,832 | +106% |
| Tangible fixed assets | 22/27 | €6,467 | €13,299 | +€6,832 | +106% |
| Plant, machinery and equipment | 23 | €219 | €798 | +€579 | +264% |
| Furniture and vehicles | 24 | €4,879 | €11,474 | +€6,595 | +135% |
| Other tangible fixed assets | 26 | €1,369 | €1,027 | -€342 | -25.0% |
| Current assets | 29/58 | €167,047 | €110,796 | -€56,252 | -33.7% |
| Amounts receivable within one year | 40/41 | €17,353 | €65,583 | +€48,231 | +278% |
| Trade receivables | 40 | €4,917 | €6,385 | +€1,468 | +29.9% |
| Other amounts receivable | 41 | €12,436 | €59,198 | +€46,762 | +376% |
| Cash at bank and in hand | 54/58 | €148,344 | €36,568 | -€111,776 | -75.3% |
| Deferred charges and accrued income | 490/1 | €1,351 | €8,645 | +€7,294 | +540% |
| Total equity and liabilities | 10/49 | €173,514 | €124,095 | -€49,420 | -28.5% |
| Equity | 10/15 | €152,317 | €103,977 | -€48,341 | -31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,717 | €85,377 | -€48,341 | -36.2% |
| Distributable reserves | 133 | €133,717 | €85,377 | -€48,341 | -36.2% |
| Amounts payable | 17/49 | €21,197 | €20,118 | -€1,079 | -5.1% |
| Amounts payable within one year | 42/48 | €21,197 | €20,118 | -€1,079 | -5.1% |
| Trade debts | 44 | €2,300 | €8,522 | +€6,222 | +270% |
| Suppliers | 440/4 | €2,300 | €8,522 | +€6,222 | +270% |
| Taxes, remuneration and social security | 45 | €18,897 | €11,596 | -€7,301 | -38.6% |
| Taxes | 450/3 | €18,897 | €11,596 | -€7,301 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,097 | €1,882 | +€785 | +71.6% |
| Other operating charges | 640/8 | €763 | €387 | -€376 | -49.3% |
| Gross operating margin | 9900 | €95,312 | €23,327 | -€71,985 | -75.5% |
| Operating profit (loss) | 9901 | €93,452 | €21,058 | -€72,394 | -77.5% |
| Financial income | 75/76B | €255 | €1,991 | +€1,736 | +680% |
| Recurring financial income | 75 | €255 | €1,991 | +€1,736 | +680% |
| Financial charges | 65/66B | €489 | €376 | -€114 | -23.2% |
| Recurring financial charges | 65 | €489 | €376 | -€114 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €93,218 | €22,673 | -€70,545 | -75.7% |
| Income taxes | 67/77 | €19,713 | €10,800 | -€8,913 | -45.2% |
| Profit (loss) for the period | 9904 | €73,504 | €11,872 | -€61,632 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,504 | €11,872 | -€61,632 | -83.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.