D.W.S.: 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.S.
Largest movements
- Cash -€9,742
down €9,742 (-63.7%), from €15,290 to €5,548
mainly Other debts (-€31,457) and Contributions, distributions and other (-€10,274)
- Receivables within one year +€6,747
up €6,747 (+23.7%), from €28,439 to €35,186
of which Trade receivables: +€6,770
- Tangible fixed assets -€5,733
down €5,733 (-39.7%), from €14,435 to €8,702
of which Plant, machinery and equipment: -€8,310
- Profit (loss) carried forward +€40,957
up €40,957 (+95.2%), from -€43,035 to -€2,078
- Other debts -€31,457
down €31,457 (-76.3%), from €41,218 to €9,761
- Reserves -€10,274
down €10,274 (-27.7%), from €37,065 to €26,790
- Trade debts -€4,922
down €4,922 (-79.2%), from €6,213 to €1,291
- Tax, wage and social debts -€3,031
down €3,031 (-66.3%), from €4,573 to €1,542
of which Remuneration and social security: -€4,573
- Gross operating margin +€82,312
up €82,312, from -€25,086 to €57,226
- Depreciation -€3,497
down €3,497 (-56.9%), from €6,150 to €2,653
- Taxes +€1,080
new in 2025: €1,080
- Financial charges +€803
up €803 (+450%), from €178 to €981
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 | €58,434 | €49,706 | -€8,728 | -14.9% |
| Fixed assets | 21/28 | €14,705 | €8,972 | -€5,733 | -39.0% |
| Tangible fixed assets | 22/27 | €14,435 | €8,702 | -€5,733 | -39.7% |
| Plant, machinery and equipment | 23 | €12,101 | €3,791 | -€8,310 | -68.7% |
| Furniture and vehicles | 24 | €2,335 | €4,911 | +€2,577 | +110% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €43,728 | €40,733 | -€2,995 | -6.8% |
| Amounts receivable within one year | 40/41 | €28,439 | €35,186 | +€6,747 | +23.7% |
| Trade receivables | 40 | - | €6,770 | +€6,770 | |
| Other amounts receivable | 41 | €28,439 | €28,416 | -€23 | -0.1% |
| Cash at bank and in hand | 54/58 | €15,290 | €5,548 | -€9,742 | -63.7% |
| Total equity and liabilities | 10/49 | €58,434 | €49,706 | -€8,728 | -14.9% |
| Equity | 10/15 | €6,430 | €37,113 | +€30,683 | +477% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €37,065 | €26,790 | -€10,274 | -27.7% |
| Distributable reserves | 133 | €37,065 | €26,790 | -€10,274 | -27.7% |
| Profit (loss) carried forward | 14 | -€43,035 | -€2,078 | +€40,957 | +95.2% |
| Amounts payable | 17/49 | €52,004 | €12,593 | -€39,411 | -75.8% |
| Amounts payable within one year | 42/48 | €52,004 | €12,593 | -€39,411 | -75.8% |
| Trade debts | 44 | €6,213 | €1,291 | -€4,922 | -79.2% |
| Suppliers | 440/4 | €6,213 | €1,291 | -€4,922 | -79.2% |
| Taxes, remuneration and social security | 45 | €4,573 | €1,542 | -€3,031 | -66.3% |
| Taxes | 450/3 | €0 | €1,542 | +€1,542 | |
| Remuneration and social security | 454/9 | €4,573 | €0 | -€4,573 | -100% |
| Other amounts payable | 47/48 | €41,218 | €9,761 | -€31,457 | -76.3% |
| Non-recurring operating income | 76A | - | €2,097 | +€2,097 | |
| Remuneration, social security and pensions | 62 | €2,247 | €1,884 | -€364 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,150 | €2,653 | -€3,497 | -56.9% |
| Other operating charges | 640/8 | €1,087 | €919 | -€168 | -15.4% |
| Non-recurring operating charges | 66A | - | €8,752 | +€8,752 | |
| Gross operating margin | 9900 | -€25,086 | €57,226 | +€82,312 | |
| Operating profit (loss) | 9901 | -€34,570 | €43,018 | +€77,588 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.8% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.8% |
| Financial charges | 65/66B | €178 | €981 | +€803 | +450% |
| Recurring financial charges | 65 | €178 | €981 | +€803 | +450% |
| Profit (loss) for the period before taxes | 9903 | -€34,738 | €42,037 | +€76,775 | |
| Income taxes | 67/77 | - | €1,080 | +€1,080 | |
| Profit (loss) for the period | 9904 | -€34,738 | €40,957 | +€75,695 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,738 | €40,957 | +€75,695 |
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 16 October 2026 via checked.be.