D&W Lighting: 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 Lighting
Largest movements
- Receivables within one year +€80,417
up €80,417 (+170%), from €47,177 to €127,594
of which Trade receivables: +€75,979
- Cash -€21,501
down €21,501 (-39.8%), from €54,082 to €32,581
mainly Receivables within one year (-€80,417) and Investment in fixed assets (net) (-€76,860)
- Tangible fixed assets -€8,961
down €8,961 (-1.5%), from €601,818 to €592,856
of which Land and buildings: -€29,550
- Profit (loss) carried forward +€74,144
up €74,144 (+67.3%), from €110,135 to €184,280
- Other debts -€60,562
down €60,562 (-83.6%), from €72,409 to €11,847
- Trade debts +€55,911
up €55,911 (+175%), from €31,912 to €87,822
- Debts after one year -€35,211
down €35,211 (-8.9%), from €396,989 to €361,778
- Tax, wage and social debts +€21,153
up €21,153 (+43.7%), from €48,427 to €69,579
of which Taxes: +€22,014
- Depreciation +€60,201
up €60,201 (+235%), from €25,620 to €85,822
- Gross operating margin +€48,642
up €48,642 (+15.3%), from €317,713 to €366,355
- Staff costs +€31,841
up €31,841 (+24.4%), from €130,735 to €162,576
- Taxes -€11,683
down €11,683 (-36.4%), from €32,102 to €20,420
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 | €705,508 | €753,195 | +€47,687 | +6.8% |
| Fixed assets | 21/28 | €601,818 | €592,856 | -€8,961 | -1.5% |
| Tangible fixed assets | 22/27 | €601,818 | €592,856 | -€8,961 | -1.5% |
| Land and buildings | 22 | €570,816 | €541,266 | -€29,550 | -5.2% |
| Plant, machinery and equipment | 23 | - | €9,492 | +€9,492 | |
| Furniture and vehicles | 24 | €31,002 | €42,099 | +€11,097 | +35.8% |
| Current assets | 29/58 | €103,690 | €160,338 | +€56,648 | +54.6% |
| Amounts receivable within one year | 40/41 | €47,177 | €127,594 | +€80,417 | +170% |
| Trade receivables | 40 | €35,744 | €111,724 | +€75,979 | +213% |
| Other amounts receivable | 41 | €11,433 | €15,871 | +€4,438 | +38.8% |
| Cash at bank and in hand | 54/58 | €54,082 | €32,581 | -€21,501 | -39.8% |
| Deferred charges and accrued income | 490/1 | €2,431 | €164 | -€2,268 | -93.3% |
| Total equity and liabilities | 10/49 | €705,508 | €753,195 | +€47,687 | +6.8% |
| Equity | 10/15 | €112,835 | €186,980 | +€74,144 | +65.7% |
| Contributions | 10/11 | €2,700 | €2,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,135 | €184,280 | +€74,144 | +67.3% |
| Amounts payable | 17/49 | €592,673 | €566,215 | -€26,458 | -4.5% |
| Amounts payable after more than one year | 17 | €396,989 | €361,778 | -€35,211 | -8.9% |
| Financial debts | 170/4 | €396,989 | €361,778 | -€35,211 | -8.9% |
| Amounts payable within one year | 42/48 | €195,684 | €204,437 | +€8,753 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €42,937 | €35,189 | -€7,748 | -18.0% |
| Trade debts | 44 | €31,912 | €87,822 | +€55,911 | +175% |
| Suppliers | 440/4 | €31,912 | €87,822 | +€55,911 | +175% |
| Taxes, remuneration and social security | 45 | €48,427 | €69,579 | +€21,153 | +43.7% |
| Taxes | 450/3 | €32,468 | €54,482 | +€22,014 | +67.8% |
| Remuneration and social security | 454/9 | €15,959 | €15,097 | -€861 | -5.4% |
| Other amounts payable | 47/48 | €72,409 | €11,847 | -€60,562 | -83.6% |
| Remuneration, social security and pensions | 62 | €130,735 | €162,576 | +€31,841 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,620 | €85,822 | +€60,201 | +235% |
| Other operating charges | 640/8 | €5,811 | €6,714 | +€903 | +15.5% |
| Gross operating margin | 9900 | €317,713 | €366,355 | +€48,642 | +15.3% |
| Operating profit (loss) | 9901 | €155,547 | €111,244 | -€44,303 | -28.5% |
| Financial income | 75/76B | €32 | €9 | -€22 | -70.4% |
| Recurring financial income | 75 | €32 | €9 | -€22 | -70.4% |
| Financial charges | 65/66B | €13,341 | €16,689 | +€3,348 | +25.1% |
| Recurring financial charges | 65 | €13,341 | €16,689 | +€3,348 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €142,238 | €94,564 | -€47,673 | -33.5% |
| Income taxes | 67/77 | €32,102 | €20,420 | -€11,683 | -36.4% |
| Profit (loss) for the period | 9904 | €110,135 | €74,144 | -€35,991 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €110,135 | €74,144 | -€35,991 | -32.7% |
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 17 October 2026 via checked.be.