D.E.W.: what changed
Two fiscal 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.E.W.
Largest movements
- Stocks and contracts +€269,180
up €269,180 (+473.1%), from €56,901 to €326,081
- Cash -€18,335
down €18,335 (-33.7%), from €54,417 to €36,082
mainly Stocks and contracts (-€269,180) and Trade debts (-€16,801)
- Tangible fixed assets -€18,169
down €18,169 (-9.2%), from €198,421 to €180,252
of which Furniture and vehicles: -€10,923
- Deferred charges and accrued income -€9,483
down €9,483 (-18.6%), from €51,077 to €41,594
- Short-term financial debts +€190,736
up €190,736 (+25154.8%), from €758 to €191,494
- Debts after one year +€36,270
up €36,270 (+17.7%), from €205,136 to €241,406
- Trade debts -€16,801
down €16,801 (-20.8%), from €80,604 to €63,803
- Gross operating margin -€54,601
down €54,601 (-62.1%), from €87,965 to €33,364
- Taxes -€3,575
down €3,575 (-43.2%), from €8,284 to €4,709
- Financial charges +€2,735
up €2,735 (+40.9%), from €6,692 to €9,427
- Other operating charges -€1,935
down €1,935 (-40.6%), from €4,760 to €2,826
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.
Cash bridge derived
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 | €642,974 | €857,808 | +€214,834 | +33.4% |
| Fixed assets | 21/28 | €198,421 | €180,252 | -€18,169 | -9.2% |
| Tangible fixed assets | 22/27 | €198,421 | €180,252 | -€18,169 | -9.2% |
| Land and buildings | 22 | €181,631 | €173,640 | -€7,992 | -4.4% |
| Plant, machinery and equipment | 23 | €5,867 | €6,613 | +€745 | +12.7% |
| Furniture and vehicles | 24 | €10,923 | €0 | -€10,923 | -100.0% |
| Current assets | 29/58 | €444,553 | €677,556 | +€233,003 | +52.4% |
| Stocks and contracts in progress | 3 | €56,901 | €326,081 | +€269,180 | +473.1% |
| Stocks | 30/36 | €56,901 | €326,081 | +€269,180 | +473.1% |
| Amounts receivable within one year | 40/41 | €282,158 | €273,800 | -€8,358 | -3.0% |
| Trade receivables | 40 | €208,004 | €214,678 | +€6,674 | +3.2% |
| Other amounts receivable | 41 | €74,155 | €59,122 | -€15,032 | -20.3% |
| Cash at bank and in hand | 54/58 | €54,417 | €36,082 | -€18,335 | -33.7% |
| Deferred charges and accrued income | 490/1 | €51,077 | €41,594 | -€9,483 | -18.6% |
| Total equity and liabilities | 10/49 | €642,974 | €857,808 | +€214,834 | +33.4% |
| Equity | 10/15 | €288,334 | €294,609 | +€6,276 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €276,713 | €276,713 | = | 0.0% |
| Distributable reserves | 133 | €276,713 | €276,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,979 | -€704 | +€6,276 | +89.9% |
| Amounts payable | 17/49 | €354,641 | €563,199 | +€208,558 | +58.8% |
| Amounts payable after more than one year | 17 | €205,136 | €241,406 | +€36,270 | +17.7% |
| Financial debts | 170/4 | €205,136 | €241,406 | +€36,270 | +17.7% |
| Amounts payable within one year | 42/48 | €149,505 | €318,187 | +€168,682 | +112.8% |
| Current portion of amounts payable after more than one year | 42 | €41,987 | €37,794 | -€4,194 | -10.0% |
| Financial debts | 43 | €758 | €191,494 | +€190,736 | +25154.8% |
| Credit institutions | 430/8 | €758 | €191,494 | +€190,736 | +25154.8% |
| Trade debts | 44 | €80,604 | €63,803 | -€16,801 | -20.8% |
| Suppliers | 440/4 | €80,604 | €63,803 | -€16,801 | -20.8% |
| Taxes, remuneration and social security | 45 | €8,425 | €4,709 | -€3,716 | -44.1% |
| Taxes | 450/3 | €8,425 | €4,709 | -€3,716 | -44.1% |
| Other amounts payable | 47/48 | €17,731 | €20,388 | +€2,657 | +15.0% |
| Accrued charges and deferred income | 492/3 | - | €3,606 | +€3,606 | |
| Non-recurring operating income | 76A | - | €9,738 | +€9,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,350 | €11,026 | -€324 | -2.9% |
| Other operating charges | 640/8 | €4,760 | €2,826 | -€1,935 | -40.6% |
| Non-recurring operating charges | 66A | €45,513 | €0 | -€45,513 | -100.0% |
| Gross operating margin | 9900 | €87,965 | €33,364 | -€54,601 | -62.1% |
| Operating profit (loss) | 9901 | €26,342 | €19,513 | -€6,829 | -25.9% |
| Financial income | 75/76B | €302 | €899 | +€596 | +197.2% |
| Recurring financial income | 75 | €302 | €899 | +€596 | +197.2% |
| Financial charges | 65/66B | €6,692 | €9,427 | +€2,735 | +40.9% |
| Recurring financial charges | 65 | €6,692 | €9,427 | +€2,735 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €19,952 | €10,985 | -€8,967 | -44.9% |
| Income taxes | 67/77 | €8,284 | €4,709 | -€3,575 | -43.2% |
| Profit (loss) for the period | 9904 | €11,668 | €6,276 | -€5,393 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,668 | €6,276 | -€5,393 | -46.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.