DARWOOD: 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.
DARWOOD
Largest movements
- Financial fixed assets +€20,146
up €20,146 (+101%), from €20,000 to €40,146
- Tangible fixed assets -€8,973
down €8,973 (-75.6%), from €11,872 to €2,899
of which Furniture and vehicles: -€8,567
- Cash +€8,884
up €8,884 (+28.0%), from €31,777 to €40,660
mainly Other debts (+€143,853) and Trade debts (+€40,719)
- Other debts +€143,853
up €143,853 (+108%), from €133,695 to €277,548
- Profit (loss) carried forward -€118,270
down €118,270 (-100%), from €118,270 to €0
- Tax, wage and social debts -€42,011
down €42,011 (-82.8%), from €50,730 to €8,719
of which Taxes: -€21,264
- Trade debts +€40,719
up €40,719 (+252%), from €16,185 to €56,904
- Gross operating margin -€80,855
down €80,855 (-58.7%), from €137,703 to €56,848
- Staff costs -€64,124
down €64,124 (-76.3%), from €84,004 to €19,880
- Other operating charges +€12,934
up €12,934 (+3,888%), from €333 to €13,267
- Depreciation -€4,672
down €4,672 (-34.2%), from €13,644 to €8,973
- Taxes -€4,563
down €4,563 (-40.5%), from €11,275 to €6,712
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 | €323,879 | €348,171 | +€24,291 | +7.5% |
| Fixed assets | 21/28 | €31,872 | €43,045 | +€11,173 | +35.1% |
| Tangible fixed assets | 22/27 | €11,872 | €2,899 | -€8,973 | -75.6% |
| Furniture and vehicles | 24 | €8,697 | €130 | -€8,567 | -98.5% |
| Other tangible fixed assets | 26 | €3,175 | €2,770 | -€405 | -12.8% |
| Financial fixed assets | 28 | €20,000 | €40,146 | +€20,146 | +101% |
| Current assets | 29/58 | €292,007 | €305,126 | +€13,118 | +4.5% |
| Amounts receivable within one year | 40/41 | €260,231 | €263,196 | +€2,965 | +1.1% |
| Trade receivables | 40 | €250,885 | €262,608 | +€11,723 | +4.7% |
| Other amounts receivable | 41 | €9,346 | €588 | -€8,758 | -93.7% |
| Cash at bank and in hand | 54/58 | €31,777 | €40,660 | +€8,884 | +28.0% |
| Deferred charges and accrued income | 490/1 | - | €1,270 | +€1,270 | |
| Total equity and liabilities | 10/49 | €323,879 | €348,171 | +€24,291 | +7.5% |
| Equity | 10/15 | €123,270 | €5,000 | -€118,270 | -95.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,270 | €0 | -€118,270 | -100% |
| Amounts payable | 17/49 | €200,609 | €343,171 | +€142,561 | +71.1% |
| Amounts payable within one year | 42/48 | €200,609 | €343,171 | +€142,561 | +71.1% |
| Trade debts | 44 | €16,185 | €56,904 | +€40,719 | +252% |
| Suppliers | 440/4 | €16,185 | €56,904 | +€40,719 | +252% |
| Taxes, remuneration and social security | 45 | €50,730 | €8,719 | -€42,011 | -82.8% |
| Taxes | 450/3 | €27,976 | €6,712 | -€21,264 | -76.0% |
| Remuneration and social security | 454/9 | €22,754 | €2,007 | -€20,747 | -91.2% |
| Other amounts payable | 47/48 | €133,695 | €277,548 | +€143,853 | +108% |
| Remuneration, social security and pensions | 62 | €84,004 | €19,880 | -€64,124 | -76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,644 | €8,973 | -€4,672 | -34.2% |
| Other operating charges | 640/8 | €333 | €13,267 | +€12,934 | +3,888% |
| Gross operating margin | 9900 | €137,703 | €56,848 | -€80,855 | -58.7% |
| Operating profit (loss) | 9901 | €39,722 | €14,729 | -€24,993 | -62.9% |
| Financial income | 75/76B | €619 | €614 | -€5 | -0.8% |
| Recurring financial income | 75 | €619 | €614 | -€5 | -0.8% |
| Financial charges | 65/66B | €282 | €199 | -€83 | -29.4% |
| Recurring financial charges | 65 | €282 | €199 | -€83 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €40,060 | €15,144 | -€24,916 | -62.2% |
| Income taxes | 67/77 | €11,275 | €6,712 | -€4,563 | -40.5% |
| Profit (loss) for the period | 9904 | €28,785 | €8,432 | -€20,352 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,785 | €8,432 | -€20,352 | -70.7% |
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 18 October 2026 via checked.be.