DAW ELEC: 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.
DAW ELEC
Largest movements
- Cash +€34,111
up €34,111 (+333%), from €10,236 to €44,347
mainly Net result for the year (+€39,815) and Tax, wage and social debts (+€19,720)
- Receivables within one year +€18,015
up €18,015 (+168%), from €10,709 to €28,724
of which Trade receivables: +€15,105
- Tangible fixed assets +€1,629
up €1,629 (+111%), from €1,467 to €3,095
of which Plant, machinery and equipment: +€1,775
- Reserves +€39,815
up €39,815 (+310%), from €12,857 to €52,671
- Tax, wage and social debts +€19,720
up €19,720 (+470%), from €4,195 to €23,915
of which Taxes: +€17,789
- Trade debts -€4,320
down €4,320 (-87.3%), from €4,949 to €629
- Gross operating margin +€31,395
up €31,395 (+141%), from €22,207 to €53,603
- Taxes +€6,346
up €6,346 (+171%), from €3,715 to €10,061
- Staff costs -€2,997
down €2,997 (-100%), from €2,997 to €0
- Financial charges +€2,362
up €2,362 (+358%), from €660 to €3,021
- Other operating charges -€938
down €938 (-66.0%), from €1,423 to €484
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 | €24,633 | €79,216 | +€54,583 | +222% |
| Fixed assets | 21/28 | €1,467 | €3,450 | +€1,984 | +135% |
| Tangible fixed assets | 22/27 | €1,467 | €3,095 | +€1,629 | +111% |
| Plant, machinery and equipment | 23 | - | €1,775 | +€1,775 | |
| Furniture and vehicles | 24 | €1,467 | €1,320 | -€147 | -10.0% |
| Financial fixed assets | 28 | - | €355 | +€355 | |
| Current assets | 29/58 | €23,166 | €75,765 | +€52,599 | +227% |
| Amounts receivable within one year | 40/41 | €10,709 | €28,724 | +€18,015 | +168% |
| Trade receivables | 40 | €7,340 | €22,445 | +€15,105 | +206% |
| Other amounts receivable | 41 | €3,369 | €6,279 | +€2,910 | +86.4% |
| Cash at bank and in hand | 54/58 | €10,236 | €44,347 | +€34,111 | +333% |
| Deferred charges and accrued income | 490/1 | €2,221 | €2,695 | +€474 | +21.3% |
| Total equity and liabilities | 10/49 | €24,633 | €79,216 | +€54,583 | +222% |
| Equity | 10/15 | €14,857 | €54,671 | +€39,815 | +268% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,857 | €52,671 | +€39,815 | +310% |
| Distributable reserves | 133 | €12,857 | €52,671 | +€39,815 | +310% |
| Amounts payable | 17/49 | €9,776 | €24,544 | +€14,768 | +151% |
| Amounts payable within one year | 42/48 | €9,776 | €24,544 | +€14,768 | +151% |
| Trade debts | 44 | €4,949 | €629 | -€4,320 | -87.3% |
| Suppliers | 440/4 | €4,949 | €629 | -€4,320 | -87.3% |
| Taxes, remuneration and social security | 45 | €4,195 | €23,915 | +€19,720 | +470% |
| Taxes | 450/3 | €3,961 | €21,750 | +€17,789 | +449% |
| Remuneration and social security | 454/9 | €234 | €2,165 | +€1,931 | +826% |
| Other amounts payable | 47/48 | €631 | €0 | -€631 | -100% |
| Remuneration, social security and pensions | 62 | €2,997 | €0 | -€2,997 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €733 | €371 | -€362 | -49.4% |
| Other operating charges | 640/8 | €1,423 | €484 | -€938 | -66.0% |
| Gross operating margin | 9900 | €22,207 | €53,603 | +€31,395 | +141% |
| Operating profit (loss) | 9901 | €17,054 | €52,747 | +€35,693 | +209% |
| Financial income | 75/76B | €177 | €150 | -€28 | -15.6% |
| Recurring financial income | 75 | €177 | €150 | -€28 | -15.6% |
| Financial charges | 65/66B | €660 | €3,021 | +€2,362 | +358% |
| Recurring financial charges | 65 | €660 | €3,021 | +€2,362 | +358% |
| Profit (loss) for the period before taxes | 9903 | €16,572 | €49,876 | +€33,304 | +201% |
| Income taxes | 67/77 | €3,715 | €10,061 | +€6,346 | +171% |
| Profit (loss) for the period | 9904 | €12,857 | €39,815 | +€26,958 | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €12,857 | €39,815 | +€26,958 | +210% |
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 21 October 2026 via checked.be.