DAUWDRUPPELS: 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.
What changed
DAUWDRUPPELS
NACE 18.120, Other printing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€204,587
2024 · €190,146+€14,441
Equity
€751,977
2024 · €547,391+€204,587
Cash
€136,514
2024 · €110,483+€26,032
Balance sheet total
€3.2m
2024 · €3.3m-€101,548
Largest movements
Assets
- Tangible fixed assets -€172,694
down €172,694 (-6.3%), from €2.7m to €2.6m
of which Land and buildings: -€167,992
- Receivables within one year +€45,114
up €45,114 (+11.3%), from €400,297 to €445,412
of which Other amounts receivable: +€22,685
Equity and liabilities
- Debts after one year -€259,364
down €259,364 (-22.0%), from €1.2m to €920,643
- Reserves +€204,587
up €204,587 (+38.7%), from €528,791 to €733,377
of which Distributable reserves: +€204,587
Income statement
- Taxes -€21,336
down €21,336 (-25.5%), from €83,544 to €62,208
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.
Result 2024
€190,146
Gross operating margin
-€5,242
Staff costs
-€2,805
Depreciation
-€935
Other operating charges
+€416
Financial income
-€38
Financial charges
+€1,708
Taxes
+€21,336
Result 2025
€204,587
raises the resultlowers the result
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.
From operations
+€307,723
Investment
-€3,583
Financing
-€278,108
Cash 2024
€110,483
From operations (derived)
+€307,723
Net result for the year
+€204,587
Depreciation
+€176,277
Receivables within one year
-€45,114
Trade debts
-€2,478
Tax, wage and social debts
-€27,698
Other debts
+€2,150
Investment (derived)
-€3,583
Investment in fixed assets (net)
-€3,583
Financing
-€278,108
Debts after one year
-€259,364
Current portion of long-term debt
-€18,745
Cash 2025
€136,514
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,276,198 | €3,174,650 | -€101,548 | -3.1% |
| Fixed assets | 21/28 | €2,738,747 | €2,566,054 | -€172,694 | -6.3% |
| Tangible fixed assets | 22/27 | €2,738,698 | €2,566,005 | -€172,694 | -6.3% |
| Land and buildings | 22 | €2,723,138 | €2,555,147 | -€167,992 | -6.2% |
| Plant, machinery and equipment | 23 | €11,207 | €7,000 | -€4,206 | -37.5% |
| Furniture and vehicles | 24 | €4,354 | €3,857 | -€496 | -11.4% |
| Financial fixed assets | 28 | €49 | €49 | = | 0.0% |
| Current assets | 29/58 | €537,450 | €608,597 | +€71,146 | +13.2% |
| Stocks and contracts in progress | 3 | €25,000 | €25,000 | = | 0.0% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €400,297 | €445,412 | +€45,114 | +11.3% |
| Trade receivables | 40 | €400,209 | €422,638 | +€22,429 | +5.6% |
| Other amounts receivable | 41 | €89 | €22,774 | +€22,685 | +25,598% |
| Cash at bank and in hand | 54/58 | €110,483 | €136,514 | +€26,032 | +23.6% |
| Deferred charges and accrued income | 490/1 | €1,670 | €1,670 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,276,198 | €3,174,650 | -€101,548 | -3.1% |
| Equity | 10/15 | €547,391 | €751,977 | +€204,587 | +37.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €528,791 | €733,377 | +€204,587 | +38.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,131 | €15,131 | = | 0.0% |
| Distributable reserves | 133 | €511,799 | €716,386 | +€204,587 | +40.0% |
| Amounts payable | 17/49 | €2,728,807 | €2,422,673 | -€306,135 | -11.2% |
| Amounts payable after more than one year | 17 | €1,180,006 | €920,643 | -€259,364 | -22.0% |
| Financial debts | 170/4 | €1,180,006 | €920,643 | -€259,364 | -22.0% |
| Amounts payable within one year | 42/48 | €1,543,976 | €1,497,205 | -€46,771 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €278,108 | €259,364 | -€18,745 | -6.7% |
| Trade debts | 44 | €157,562 | €155,084 | -€2,478 | -1.6% |
| Suppliers | 440/4 | €157,562 | €155,084 | -€2,478 | -1.6% |
| Taxes, remuneration and social security | 45 | €52,975 | €25,276 | -€27,698 | -52.3% |
| Taxes | 450/3 | €42,658 | €14,649 | -€28,009 | -65.7% |
| Remuneration and social security | 454/9 | €10,317 | €10,627 | +€311 | +3.0% |
| Other amounts payable | 47/48 | €1,055,332 | €1,057,481 | +€2,150 | +0.2% |
| Accrued charges and deferred income | 492/3 | €4,825 | €4,825 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €69,321 | €72,126 | +€2,805 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,342 | €176,277 | +€935 | +0.5% |
| Other operating charges | 640/8 | €634 | €218 | -€416 | -65.7% |
| Gross operating margin | 9900 | €538,896 | €533,654 | -€5,242 | -1.0% |
| Operating profit (loss) | 9901 | €293,599 | €285,033 | -€8,566 | -2.9% |
| Financial income | 75/76B | €3,606 | €3,568 | -€38 | -1.0% |
| Recurring financial income | 75 | €3,606 | €3,568 | -€38 | -1.0% |
| Financial charges | 65/66B | €23,514 | €21,806 | -€1,708 | -7.3% |
| Recurring financial charges | 65 | €23,514 | €21,806 | -€1,708 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €273,690 | €266,795 | -€6,895 | -2.5% |
| Income taxes | 67/77 | €83,544 | €62,208 | -€21,336 | -25.5% |
| Profit (loss) for the period | 9904 | €190,146 | €204,587 | +€14,441 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €190,146 | €204,587 | +€14,441 | +7.6% |
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 19 October 2026 via checked.be.