AUTO'S DEWULF: 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.
AUTO'S DEWULF
Largest movements
- Stocks and contracts +€255,883
up €255,883 (+66.8%), from €383,069 to €638,953
- Receivables within one year +€67,575
up €67,575 (+260%), from €26,029 to €93,603
of which Trade receivables: +€54,660
- Tangible fixed assets -€30,897
down €30,897 (-20.5%), from €150,476 to €119,579
of which Furniture and vehicles: -€29,769
- Other debts +€156,330
up €156,330 (+257%), from €60,737 to €217,067
- Trade debts +€64,654
up €64,654 (+302%), from €21,373 to €86,028
- Reserves +€30,048
up €30,048 (+17.6%), from €170,493 to €200,541
- Debts after one year +€18,211
up €18,211 (+13.7%), from €132,496 to €150,707
- Tax, wage and social debts +€15,248
up €15,248 (+89.5%), from €17,046 to €32,295
of which Taxes: +€13,147
- Staff costs +€38,977
up €38,977 (+41.0%), from €95,032 to €134,009
- Financial charges +€37,524
up €37,524 (+160%), from €23,484 to €61,008
of which Non-recurring financial charges: +€38,288
- Taxes -€15,038
down €15,038 (-55.4%), from €27,133 to €12,095
- Depreciation -€13,097
down €13,097 (-28.4%), from €46,128 to €33,031
- Gross operating margin -€4,446
down €4,446 (-1.6%), from €278,084 to €273,639
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 | €589,758 | €887,802 | +€298,044 | +50.5% |
| Fixed assets | 21/28 | €150,611 | €119,714 | -€30,897 | -20.5% |
| Tangible fixed assets | 22/27 | €150,476 | €119,579 | -€30,897 | -20.5% |
| Plant, machinery and equipment | 23 | €39,743 | €35,647 | -€4,095 | -10.3% |
| Furniture and vehicles | 24 | €99,066 | €69,297 | -€29,769 | -30.0% |
| Other tangible fixed assets | 26 | €11,667 | €14,634 | +€2,967 | +25.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €439,147 | €768,088 | +€328,941 | +74.9% |
| Stocks and contracts in progress | 3 | €383,069 | €638,953 | +€255,883 | +66.8% |
| Stocks | 30/36 | €383,069 | €638,953 | +€255,883 | +66.8% |
| Amounts receivable within one year | 40/41 | €26,029 | €93,603 | +€67,575 | +260% |
| Trade receivables | 40 | €25,650 | €80,309 | +€54,660 | +213% |
| Other amounts receivable | 41 | €379 | €13,294 | +€12,915 | +3,410% |
| Cash at bank and in hand | 54/58 | €24,885 | €28,804 | +€3,918 | +15.7% |
| Deferred charges and accrued income | 490/1 | €5,164 | €6,728 | +€1,565 | +30.3% |
| Total equity and liabilities | 10/49 | €589,758 | €887,802 | +€298,044 | +50.5% |
| Equity | 10/15 | €182,893 | €212,941 | +€30,048 | +16.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €170,493 | €200,541 | +€30,048 | +17.6% |
| Distributable reserves | 133 | €170,493 | €200,541 | +€30,048 | +17.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €406,865 | €674,861 | +€267,995 | +65.9% |
| Amounts payable after more than one year | 17 | €132,496 | €150,707 | +€18,211 | +13.7% |
| Financial debts | 170/4 | €132,496 | €150,707 | +€18,211 | +13.7% |
| Amounts payable within one year | 42/48 | €274,369 | €524,154 | +€249,784 | +91.0% |
| Current portion of amounts payable after more than one year | 42 | €50,212 | €63,764 | +€13,552 | +27.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €21,373 | €86,028 | +€64,654 | +302% |
| Suppliers | 440/4 | €21,373 | €86,028 | +€64,654 | +302% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,046 | €32,295 | +€15,248 | +89.5% |
| Taxes | 450/3 | €11,653 | €24,800 | +€13,147 | +113% |
| Remuneration and social security | 454/9 | €5,393 | €7,494 | +€2,101 | +39.0% |
| Other amounts payable | 47/48 | €60,737 | €217,067 | +€156,330 | +257% |
| Non-recurring operating income | 76A | €17,355 | - | -€17,355 | |
| Remuneration, social security and pensions | 62 | €95,032 | €134,009 | +€38,977 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,128 | €33,031 | -€13,097 | -28.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,000 | - | +€3,000 | |
| Other operating charges | 640/8 | €4,988 | €3,475 | -€1,513 | -30.3% |
| Gross operating margin | 9900 | €278,084 | €273,639 | -€4,446 | -1.6% |
| Operating profit (loss) | 9901 | €134,936 | €103,124 | -€31,813 | -23.6% |
| Financial income | 75/76B | €6 | €28 | +€22 | +341% |
| Recurring financial income | 75 | €6 | €28 | +€22 | +341% |
| Financial charges | 65/66B | €23,484 | €61,008 | +€37,524 | +160% |
| Recurring financial charges | 65 | €23,484 | €22,720 | -€765 | -3.3% |
| Non-recurring financial charges | 66B | - | €38,288 | +€38,288 | |
| Profit (loss) for the period before taxes | 9903 | €111,458 | €42,143 | -€69,315 | -62.2% |
| Income taxes | 67/77 | €27,133 | €12,095 | -€15,038 | -55.4% |
| Profit (loss) for the period | 9904 | €84,325 | €30,048 | -€54,277 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €84,325 | €30,048 | -€54,277 | -64.4% |
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 21 October 2026 via checked.be.