AWLEST: what changed
AWLEST
Largest movements
- Stocks and contracts +€30,600
new in 2025: €30,600
- Receivables within one year +€22,160
up €22,160 (+83.5%), from €26,533 to €48,693
of which Other amounts receivable: +€18,179
- Tangible fixed assets +€17,308
up €17,308 (+53.4%), from €32,402 to €49,710
of which Furniture and vehicles: +€17,902
- Cash -€15,848
down €15,848 (-47.2%), from €33,609 to €17,761
mainly Stocks and contracts (-€30,600) and Investment in fixed assets (net) (-€26,935)
- Trade debts +€55,522
up €55,522 (+829%), from €6,700 to €62,222
- Tax, wage and social debts -€9,093
down €9,093 (-57.6%), from €15,787 to €6,694
of which Taxes: -€10,590
- Profit (loss) carried forward +€6,645
up €6,645 (+22.5%), from €29,538 to €36,184
- Debts after one year -€5,821
down €5,821 (-24.1%), from €24,176 to €18,355
- Other debts +€5,685
new in 2025: €5,685
- Gross operating margin +€27,171
up €27,171 (+96.6%), from €28,113 to €55,284
- Staff costs +€19,085
up €19,085 (+170%), from €11,202 to €30,286
- Depreciation +€6,544
up €6,544 (+212%), from €3,083 to €9,627
- Financial charges +€3,721
up €3,721 (+380%), from €980 to €4,701
- Other operating charges +€802
up €802 (+107%), from €750 to €1,552
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 | €93,471 | €146,969 | +€53,498 | +57.2% |
| Fixed assets | 21/28 | €32,607 | €49,915 | +€17,308 | +53.1% |
| Tangible fixed assets | 22/27 | €32,402 | €49,710 | +€17,308 | +53.4% |
| Plant, machinery and equipment | 23 | €734 | €140 | -€594 | -80.9% |
| Furniture and vehicles | 24 | €31,668 | €49,570 | +€17,902 | +56.5% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €60,864 | €97,054 | +€36,190 | +59.5% |
| Stocks and contracts in progress | 3 | - | €30,600 | +€30,600 | |
| Stocks | 30/36 | - | €30,600 | +€30,600 | |
| Amounts receivable within one year | 40/41 | €26,533 | €48,693 | +€22,160 | +83.5% |
| Trade receivables | 40 | €22,206 | €26,187 | +€3,981 | +17.9% |
| Other amounts receivable | 41 | €4,327 | €22,506 | +€18,179 | +420% |
| Cash at bank and in hand | 54/58 | €33,609 | €17,761 | -€15,848 | -47.2% |
| Deferred charges and accrued income | 490/1 | €722 | - | -€722 | |
| Total equity and liabilities | 10/49 | €93,471 | €146,969 | +€53,498 | +57.2% |
| Equity | 10/15 | €41,393 | €48,039 | +€6,645 | +16.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,538 | €36,184 | +€6,645 | +22.5% |
| Amounts payable | 17/49 | €52,078 | €98,930 | +€46,852 | +90.0% |
| Amounts payable after more than one year | 17 | €24,176 | €18,355 | -€5,821 | -24.1% |
| Financial debts | 170/4 | €24,176 | €18,355 | -€5,821 | -24.1% |
| Amounts payable within one year | 42/48 | €27,902 | €80,422 | +€52,520 | +188% |
| Current portion of amounts payable after more than one year | 42 | €5,415 | €5,821 | +€406 | +7.5% |
| Trade debts | 44 | €6,700 | €62,222 | +€55,522 | +829% |
| Suppliers | 440/4 | €6,700 | €62,222 | +€55,522 | +829% |
| Taxes, remuneration and social security | 45 | €15,787 | €6,694 | -€9,093 | -57.6% |
| Taxes | 450/3 | €15,787 | €5,197 | -€10,590 | -67.1% |
| Remuneration and social security | 454/9 | - | €1,497 | +€1,497 | |
| Other amounts payable | 47/48 | - | €5,685 | +€5,685 | |
| Accrued charges and deferred income | 492/3 | - | €153 | +€153 | |
| Remuneration, social security and pensions | 62 | €11,202 | €30,286 | +€19,085 | +170% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,083 | €9,627 | +€6,544 | +212% |
| Other operating charges | 640/8 | €750 | €1,552 | +€802 | +107% |
| Gross operating margin | 9900 | €28,113 | €55,284 | +€27,171 | +96.6% |
| Operating profit (loss) | 9901 | €13,079 | €13,818 | +€739 | +5.7% |
| Financial income | 75/76B | €0 | €2 | +€2 | +5,000% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +5,000% |
| Financial charges | 65/66B | €980 | €4,701 | +€3,721 | +380% |
| Recurring financial charges | 65 | €980 | €4,701 | +€3,721 | +380% |
| Profit (loss) for the period before taxes | 9903 | €12,099 | €9,118 | -€2,980 | -24.6% |
| Income taxes | 67/77 | €2,724 | €2,473 | -€251 | -9.2% |
| Profit (loss) for the period | 9904 | €9,375 | €6,645 | -€2,730 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,375 | €6,645 | -€2,730 | -29.1% |
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 2 November 2026 via checked.be.