DAUWE CHRISTEL: 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.
DAUWE CHRISTEL
Largest movements
- Stocks and contracts +€50,231
up €50,231 (+14.3%), from €352,256 to €402,487
- Tangible fixed assets -€10,201
down €10,201 (-49.1%), from €20,772 to €10,571
- Cash -€8,524
down €8,524 (-18.9%), from €45,095 to €36,570
mainly Stocks and contracts (-€50,231) and Net result for the year (-€28,222)
- Other debts +€54,652
up €54,652 (+22.2%), from €245,821 to €300,474
- Profit (loss) carried forward -€28,222
down €28,222 (-23.1%), from €121,922 to €93,700
- Trade debts +€12,553
up €12,553 (+67.5%), from €18,593 to €31,146
- Tax, wage and social debts -€11,309
down €11,309 (-56.6%), from €19,997 to €8,688
- Financial charges -€3,258
down €3,258 (-58.4%), from €5,583 to €2,325
- Gross operating margin -€1,409
down €1,409 (-17.2%), from -€8,203 to -€9,611
- Financial income -€768
down €768 (-77.3%), from €994 to €225
- Other operating charges +€123
up €123 (+2.0%), from €6,187 to €6,310
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 | €426,940 | €454,614 | +€27,674 | +6.5% |
| Fixed assets | 21/28 | €20,772 | €10,571 | -€10,201 | -49.1% |
| Tangible fixed assets | 22/27 | €20,772 | €10,571 | -€10,201 | -49.1% |
| Furniture and vehicles | 24 | €20,772 | €10,571 | -€10,201 | -49.1% |
| Current assets | 29/58 | €406,168 | €444,043 | +€37,875 | +9.3% |
| Stocks and contracts in progress | 3 | €352,256 | €402,487 | +€50,231 | +14.3% |
| Stocks | 30/36 | €352,256 | €402,487 | +€50,231 | +14.3% |
| Amounts receivable within one year | 40/41 | €8,817 | €4,985 | -€3,832 | -43.5% |
| Trade receivables | 40 | €8,817 | €4,985 | -€3,832 | -43.5% |
| Cash at bank and in hand | 54/58 | €45,095 | €36,570 | -€8,524 | -18.9% |
| Total equity and liabilities | 10/49 | €426,940 | €454,614 | +€27,674 | +6.5% |
| Equity | 10/15 | €142,528 | €114,306 | -€28,222 | -19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,006 | €2,006 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €146 | €146 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,922 | €93,700 | -€28,222 | -23.1% |
| Amounts payable | 17/49 | €284,412 | €340,308 | +€55,896 | +19.7% |
| Amounts payable within one year | 42/48 | €284,412 | €340,308 | +€55,896 | +19.7% |
| Trade debts | 44 | €18,593 | €31,146 | +€12,553 | +67.5% |
| Suppliers | 440/4 | €18,593 | €31,146 | +€12,553 | +67.5% |
| Taxes, remuneration and social security | 45 | €19,997 | €8,688 | -€11,309 | -56.6% |
| Taxes | 450/3 | €19,997 | €8,688 | -€11,309 | -56.6% |
| Other amounts payable | 47/48 | €245,821 | €300,474 | +€54,652 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,201 | €10,201 | = | 0.0% |
| Other operating charges | 640/8 | €6,187 | €6,310 | +€123 | +2.0% |
| Gross operating margin | 9900 | -€8,203 | -€9,611 | -€1,409 | -17.2% |
| Operating profit (loss) | 9901 | -€24,591 | -€26,123 | -€1,531 | -6.2% |
| Financial income | 75/76B | €994 | €225 | -€768 | -77.3% |
| Recurring financial income | 75 | €994 | €225 | -€768 | -77.3% |
| Financial charges | 65/66B | €5,583 | €2,325 | -€3,258 | -58.4% |
| Recurring financial charges | 65 | €5,583 | €2,325 | -€3,258 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,181 | -€28,222 | +€959 | +3.3% |
| Income taxes | 67/77 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€29,181 | -€28,222 | +€959 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,181 | -€28,222 | +€959 | +3.3% |
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 30 October 2026 via checked.be.