D&W Holding: 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.
D&W Holding
Largest movements
- Receivables within one year +€356,425
up €356,425 (+15.0%), from €2.4m to €2.7m
- Other debts +€330,935
up €330,935 (+9.9%), from €3.3m to €3.7m
- Debts after one year -€185,356
down €185,356 (-4.1%), from €4.5m to €4.3m
- Reserves +€98,884
up €98,884 (+120%), from €82,698 to €181,582
- Gross operating margin +€64,596
up €64,596 (+19.6%), from €329,439 to €394,035
- Taxes +€21,805
up €21,805 (+178%), from €12,242 to €34,047
- Financial charges -€21,788
down €21,788 (-7.2%), from €300,624 to €278,836
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 | €8,204,197 | €8,537,378 | +€333,181 | +4.1% |
| Fixed assets | 21/28 | €5,416,420 | €5,416,420 | = | 0.0% |
| Financial fixed assets | 28 | €5,416,420 | €5,416,420 | = | 0.0% |
| Current assets | 29/58 | €2,787,777 | €3,120,958 | +€333,181 | +12.0% |
| Amounts receivable after more than one year | 29 | €350,000 | €350,000 | = | 0.0% |
| Other amounts receivable | 291 | €350,000 | €350,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,375,664 | €2,732,090 | +€356,425 | +15.0% |
| Other amounts receivable | 41 | €2,375,664 | €2,732,090 | +€356,425 | +15.0% |
| Cash at bank and in hand | 54/58 | €62,112 | €38,868 | -€23,244 | -37.4% |
| Total equity and liabilities | 10/49 | €8,204,197 | €8,537,378 | +€333,181 | +4.1% |
| Equity | 10/15 | €107,698 | €206,582 | +€98,884 | +91.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €82,698 | €181,582 | +€98,884 | +120% |
| Distributable reserves | 133 | €82,698 | €181,582 | +€98,884 | +120% |
| Amounts payable | 17/49 | €8,096,499 | €8,330,796 | +€234,297 | +2.9% |
| Amounts payable after more than one year | 17 | €4,531,662 | €4,346,306 | -€185,356 | -4.1% |
| Financial debts | 170/4 | €4,531,662 | €4,346,306 | -€185,356 | -4.1% |
| Amounts payable within one year | 42/48 | €3,564,836 | €3,984,489 | +€419,653 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €178,135 | €185,356 | +€7,221 | +4.1% |
| Trade debts | 44 | €3,211 | €5,324 | +€2,112 | +65.8% |
| Suppliers | 440/4 | €3,211 | €5,324 | +€2,112 | +65.8% |
| Taxes, remuneration and social security | 45 | €34,812 | €114,198 | +€79,386 | +228% |
| Taxes | 450/3 | €34,812 | €114,198 | +€79,386 | +228% |
| Other amounts payable | 47/48 | €3,348,678 | €3,679,612 | +€330,935 | +9.9% |
| Other operating charges | 640/8 | €505 | €1,118 | +€613 | +121% |
| Gross operating margin | 9900 | €329,439 | €394,035 | +€64,596 | +19.6% |
| Operating profit (loss) | 9901 | €328,933 | €392,916 | +€63,983 | +19.5% |
| Financial income | 75/76B | €19,769 | €18,851 | -€917 | -4.6% |
| Recurring financial income | 75 | €19,769 | €18,851 | -€917 | -4.6% |
| Financial charges | 65/66B | €300,624 | €278,836 | -€21,788 | -7.2% |
| Recurring financial charges | 65 | €300,624 | €278,836 | -€21,788 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €48,078 | €132,931 | +€84,853 | +176% |
| Income taxes | 67/77 | €12,242 | €34,047 | +€21,805 | +178% |
| Profit (loss) for the period | 9904 | €35,836 | €98,884 | +€63,049 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €35,836 | €98,884 | +€63,049 | +176% |
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 20 October 2026 via checked.be.