D.W. SHIPSTORES: 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. SHIPSTORES
Largest movements
- Receivables within one year +€31,058
up €31,058 (+12.1%), from €256,703 to €287,761
of which Trade receivables: +€43,640
- Cash -€18,369
down €18,369 (-26.5%), from €69,432 to €51,063
mainly Receivables within one year (-€31,058) and Trade debts (-€8,683)
- Tangible fixed assets -€14,738
down €14,738 (-64.3%), from €22,936 to €8,198
of which Furniture and vehicles: -€10,233
- Trade debts -€8,683
no longer reported in 2025 (was €8,683)
- Profit (loss) carried forward +€8,148
up €8,148 (+2.5%), from €327,198 to €335,346
- Gross operating margin +€33,728
up €33,728, from -€10,437 to €23,291
- Depreciation +€6,395
up €6,395 (+76.6%), from €8,344 to €14,739
- Other operating charges -€1,672
down €1,672 (-80.5%), from €2,076 to €404
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 | €366,545 | €364,496 | -€2,049 | -0.6% |
| Fixed assets | 21/28 | €24,241 | €9,503 | -€14,738 | -60.8% |
| Tangible fixed assets | 22/27 | €22,936 | €8,198 | -€14,738 | -64.3% |
| Plant, machinery and equipment | 23 | €12,703 | €8,198 | -€4,505 | -35.5% |
| Furniture and vehicles | 24 | €10,233 | - | -€10,233 | |
| Financial fixed assets | 28 | €1,305 | €1,305 | = | 0.0% |
| Current assets | 29/58 | €342,304 | €354,993 | +€12,689 | +3.7% |
| Stocks and contracts in progress | 3 | €16,169 | €16,169 | = | 0.0% |
| Stocks | 30/36 | €16,169 | €16,169 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €256,703 | €287,761 | +€31,058 | +12.1% |
| Trade receivables | 40 | €221,347 | €264,987 | +€43,640 | +19.7% |
| Other amounts receivable | 41 | €35,356 | €22,774 | -€12,582 | -35.6% |
| Cash at bank and in hand | 54/58 | €69,432 | €51,063 | -€18,369 | -26.5% |
| Total equity and liabilities | 10/49 | €366,545 | €364,496 | -€2,049 | -0.6% |
| Equity | 10/15 | €356,348 | €364,496 | +€8,148 | +2.3% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €4,350 | €4,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €657 | €657 | = | 0.0% |
| Reserves not available under the articles | 1311 | €657 | €657 | = | 0.0% |
| Distributable reserves | 133 | €3,693 | €3,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €327,198 | €335,346 | +€8,148 | +2.5% |
| Amounts payable | 17/49 | €10,197 | - | -€10,197 | |
| Amounts payable within one year | 42/48 | €10,197 | - | -€10,197 | |
| Trade debts | 44 | €8,683 | - | -€8,683 | |
| Suppliers | 440/4 | €8,683 | - | -€8,683 | |
| Taxes, remuneration and social security | 45 | €1,514 | - | -€1,514 | |
| Taxes | 450/3 | €1,514 | - | -€1,514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,344 | €14,739 | +€6,395 | +76.6% |
| Other operating charges | 640/8 | €2,076 | €404 | -€1,672 | -80.5% |
| Gross operating margin | 9900 | -€10,437 | €23,291 | +€33,728 | |
| Operating profit (loss) | 9901 | -€20,857 | €8,148 | +€29,005 | |
| Financial charges | 65/66B | €139 | - | -€139 | |
| Recurring financial charges | 65 | €139 | - | -€139 | |
| Profit (loss) for the period before taxes | 9903 | -€20,996 | €8,148 | +€29,144 | |
| Profit (loss) for the period | 9904 | -€20,996 | €8,148 | +€29,144 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,996 | €8,148 | +€29,144 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.