DAWAR ECHAFAUDAGE: 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.
DAWAR ECHAFAUDAGE
Largest movements
- Tangible fixed assets -€53,369
down €53,369 (-19.4%), from €275,429 to €222,060
of which Plant, machinery and equipment: -€64,236
- Receivables within one year +€13,286
up €13,286 (+384%), from €3,461 to €16,747
of which Trade receivables: +€15,988
- Cash -€3,412
down €3,412 (-63.8%), from €5,345 to €1,933
mainly Current portion of long-term debt (-€31,315) and Investment in fixed assets (net) (-€17,999)
- Current portion of long-term debt -€31,315
down €31,315 (-92.4%), from €33,909 to €2,594
- Profit (loss) carried forward -€15,334
down €15,334 (-8.3%), from -€185,543 to -€200,877
- Other debts +€14,421
up €14,421 (+6,790%), from €212 to €14,634
- Tax, wage and social debts -€11,753
down €11,753 (-40.7%), from €28,879 to €17,126
of which Taxes: -€11,897
- Trade debts +€5,790
new in 2025: €5,790
- Gross operating margin +€66,417
up €66,417 (+157%), from €42,383 to €108,800
- Other operating charges -€23,270
down €23,270 (-51.2%), from €45,413 to €22,143
- Taxes -€19,778
down €19,778 (-76.5%), from €25,846 to €6,068
- Staff costs +€11,873
up €11,873 (+102%), from €11,587 to €23,459
- Depreciation +€1,183
up €1,183 (+1.7%), from €69,491 to €70,674
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 | €288,541 | €247,756 | -€40,785 | -14.1% |
| Formation expenses | 20 | €1,306 | - | -€1,306 | |
| Fixed assets | 21/28 | €278,429 | €227,060 | -€51,369 | -18.4% |
| Tangible fixed assets | 22/27 | €275,429 | €222,060 | -€53,369 | -19.4% |
| Plant, machinery and equipment | 23 | €266,517 | €202,281 | -€64,236 | -24.1% |
| Furniture and vehicles | 24 | €8,912 | €19,779 | +€10,867 | +122% |
| Financial fixed assets | 28 | €3,000 | €5,000 | +€2,000 | +66.7% |
| Current assets | 29/58 | €8,806 | €20,696 | +€11,890 | +135% |
| Amounts receivable within one year | 40/41 | €3,461 | €16,747 | +€13,286 | +384% |
| Trade receivables | 40 | €759 | €16,747 | +€15,988 | +2,107% |
| Other amounts receivable | 41 | €2,702 | - | -€2,702 | |
| Cash at bank and in hand | 54/58 | €5,345 | €1,933 | -€3,412 | -63.8% |
| Deferred charges and accrued income | 490/1 | - | €2,016 | +€2,016 | |
| Total equity and liabilities | 10/49 | €288,541 | €247,756 | -€40,785 | -14.1% |
| Equity | 10/15 | €222,947 | €207,613 | -€15,334 | -6.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €388,030 | €388,030 | = | 0.0% |
| Distributable reserves | 133 | €388,030 | €388,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,543 | -€200,877 | -€15,334 | -8.3% |
| Amounts payable | 17/49 | €65,594 | €40,143 | -€25,451 | -38.8% |
| Amounts payable after more than one year | 17 | €2,594 | - | -€2,594 | |
| Financial debts | 170/4 | €2,594 | - | -€2,594 | |
| Amounts payable within one year | 42/48 | €63,000 | €40,143 | -€22,857 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €33,909 | €2,594 | -€31,315 | -92.4% |
| Trade debts | 44 | - | €5,790 | +€5,790 | |
| Suppliers | 440/4 | - | €5,790 | +€5,790 | |
| Taxes, remuneration and social security | 45 | €28,879 | €17,126 | -€11,753 | -40.7% |
| Taxes | 450/3 | €24,446 | €12,549 | -€11,897 | -48.7% |
| Remuneration and social security | 454/9 | €4,433 | €4,577 | +€144 | +3.3% |
| Other amounts payable | 47/48 | €212 | €14,634 | +€14,421 | +6,790% |
| Remuneration, social security and pensions | 62 | €11,587 | €23,459 | +€11,873 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,491 | €70,674 | +€1,183 | +1.7% |
| Other operating charges | 640/8 | €45,413 | €22,143 | -€23,270 | -51.2% |
| Gross operating margin | 9900 | €42,383 | €108,800 | +€66,417 | +157% |
| Operating profit (loss) | 9901 | -€84,107 | -€7,476 | +€76,631 | +91.1% |
| Financial income | 75/76B | €1,702 | €742 | -€960 | -56.4% |
| Recurring financial income | 75 | €1,702 | €742 | -€960 | -56.4% |
| Financial charges | 65/66B | €3,442 | €2,532 | -€911 | -26.5% |
| Recurring financial charges | 65 | €3,442 | €2,532 | -€911 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€85,847 | -€9,266 | +€76,582 | +89.2% |
| Income taxes | 67/77 | €25,846 | €6,068 | -€19,778 | -76.5% |
| Profit (loss) for the period | 9904 | -€111,693 | -€15,334 | +€96,359 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€111,693 | -€15,334 | +€96,359 | +86.3% |
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 22 October 2026 via checked.be.