DAWAP: 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.
DAWAP
Largest movements
- Cash -€54,058
down €54,058 (-20.3%), from €266,149 to €212,092
mainly Net result for the year (-€47,583) and Tax, wage and social debts (-€9,242)
- Tangible fixed assets -€16,324
down €16,324 (-21.3%), from €76,699 to €60,376
of which Plant, machinery and equipment: -€9,882
- Receivables within one year +€5,445
up €5,445 (+140.6%), from €3,872 to €9,317
- Profit (loss) carried forward -€47,583
down €47,583, from €15,293 to -€32,290
- Tax, wage and social debts -€9,242
down €9,242 (-81.5%), from €11,341 to €2,099
- Other debts -€7,153
down €7,153 (-4.4%), from €160,935 to €153,782
- Gross operating margin -€97,512
down €97,512, from €68,338 to -€29,173
- Taxes -€16,073
down €16,073 (-99.1%), from €16,214 to €141
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.
Cash bridge derived
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 | €347,696 | €282,564 | -€65,132 | -18.7% |
| Fixed assets | 21/28 | €76,737 | €60,414 | -€16,324 | -21.3% |
| Tangible fixed assets | 22/27 | €76,699 | €60,376 | -€16,324 | -21.3% |
| Land and buildings | 22 | €53,753 | €49,273 | -€4,480 | -8.3% |
| Plant, machinery and equipment | 23 | €19,699 | €9,817 | -€9,882 | -50.2% |
| Furniture and vehicles | 24 | €3,247 | €1,286 | -€1,961 | -60.4% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €270,959 | €222,151 | -€48,808 | -18.0% |
| Amounts receivable within one year | 40/41 | €3,872 | €9,317 | +€5,445 | +140.6% |
| Trade receivables | 40 | €3,872 | €9,317 | +€5,445 | +140.6% |
| Cash at bank and in hand | 54/58 | €266,149 | €212,092 | -€54,058 | -20.3% |
| Deferred charges and accrued income | 490/1 | €937 | €742 | -€195 | -20.9% |
| Total equity and liabilities | 10/49 | €347,696 | €282,564 | -€65,132 | -18.7% |
| Equity | 10/15 | €173,714 | €126,131 | -€47,583 | -27.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €137,961 | €137,961 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €129,961 | €129,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,293 | -€32,290 | -€47,583 | |
| Amounts payable | 17/49 | €173,982 | €156,433 | -€17,549 | -10.1% |
| Amounts payable within one year | 42/48 | €173,296 | €156,433 | -€16,863 | -9.7% |
| Trade debts | 44 | €1,020 | €552 | -€468 | -45.9% |
| Suppliers | 440/4 | €1,020 | €552 | -€468 | -45.9% |
| Taxes, remuneration and social security | 45 | €11,341 | €2,099 | -€9,242 | -81.5% |
| Taxes | 450/3 | €11,341 | €2,099 | -€9,242 | -81.5% |
| Other amounts payable | 47/48 | €160,935 | €153,782 | -€7,153 | -4.4% |
| Accrued charges and deferred income | 492/3 | €686 | €0 | -€686 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,014 | €16,324 | +€310 | +1.9% |
| Other operating charges | 640/8 | €1,359 | €1,762 | +€403 | +29.7% |
| Gross operating margin | 9900 | €68,338 | -€29,173 | -€97,512 | |
| Operating profit (loss) | 9901 | €50,966 | -€47,259 | -€98,225 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €733 | €183 | -€550 | -75.0% |
| Recurring financial charges | 65 | €733 | €183 | -€550 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €50,233 | -€47,442 | -€97,675 | |
| Income taxes | 67/77 | €16,214 | €141 | -€16,073 | -99.1% |
| Profit (loss) for the period | 9904 | €34,019 | -€47,583 | -€81,602 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,019 | -€47,583 | -€81,602 |
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 10 October 2026 via checked.be.