DAWINI: what changed
DAWINI
Largest movements
- Stocks and contracts +€54,161
up €54,161 (+612%), from €8,850 to €63,011
of which Stocks: +€33,006
- Receivables within one year +€38,133
up €38,133 (+262%), from €14,580 to €52,713
of which Trade receivables: +€38,934
- Tangible fixed assets -€31,333
down €31,333 (-10.5%), from €298,036 to €266,703
of which Leasing and similar rights: -€30,919
- Cash +€14,027
up €14,027 (+12,895%), from €109 to €14,136
mainly Net result for the year (+€90,498) and Other debts (+€83,104)
- Financial fixed assets +€11,750
up €11,750 (+57.0%), from €20,626 to €32,375
- Profit (loss) carried forward +€90,498
up €90,498 (+34.7%), from -€260,686 to -€170,188
- Other debts +€83,104
up €83,104 (+125%), from €66,259 to €149,363
- Trade debts -€57,725
down €57,725 (-40.4%), from €142,755 to €85,030
- Debts after one year -€24,487
down €24,487 (-12.8%), from €191,603 to €167,116
- Gross operating margin +€140,018
up €140,018 (+107%), from €131,393 to €271,411
- Financial income -€27,036
down €27,036 (-99.9%), from €27,075 to €40
of which Non-recurring financial income: -€27,000
- Depreciation +€15,790
up €15,790 (+59.6%), from €26,486 to €42,276
- Financial charges -€10,092
down €10,092 (-41.9%), from €24,113 to €14,021
- Staff costs -€4,180
down €4,180 (-3.9%), from €106,050 to €101,870
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,548 | €436,384 | +€87,836 | +25.2% |
| Fixed assets | 21/28 | €318,661 | €299,078 | -€19,583 | -6.1% |
| Tangible fixed assets | 22/27 | €298,036 | €266,703 | -€31,333 | -10.5% |
| Land and buildings | 22 | €144,627 | €138,490 | -€6,137 | -4.2% |
| Plant, machinery and equipment | 23 | €13,862 | €16,398 | +€2,537 | +18.3% |
| Furniture and vehicles | 24 | €4,179 | €7,366 | +€3,188 | +76.3% |
| Leasing and similar rights | 25 | €135,368 | €104,449 | -€30,919 | -22.8% |
| Financial fixed assets | 28 | €20,626 | €32,375 | +€11,750 | +57.0% |
| Current assets | 29/58 | €29,887 | €137,306 | +€107,419 | +359% |
| Stocks and contracts in progress | 3 | €8,850 | €63,011 | +€54,161 | +612% |
| Stocks | 30/36 | €8,850 | €41,856 | +€33,006 | +373% |
| Contracts in progress | 37 | - | €21,156 | +€21,156 | |
| Amounts receivable within one year | 40/41 | €14,580 | €52,713 | +€38,133 | +262% |
| Trade receivables | 40 | €13,732 | €52,665 | +€38,934 | +284% |
| Other amounts receivable | 41 | €848 | €48 | -€800 | -94.3% |
| Cash at bank and in hand | 54/58 | €109 | €14,136 | +€14,027 | +12,895% |
| Deferred charges and accrued income | 490/1 | €6,348 | €7,445 | +€1,097 | +17.3% |
| Total equity and liabilities | 10/49 | €348,548 | €436,384 | +€87,836 | +25.2% |
| Equity | 10/15 | -€90,180 | €318 | +€90,498 | |
| Contributions | 10/11 | €170,500 | €170,500 | = | 0.0% |
| Reserves | 13 | €6 | €6 | = | 0.0% |
| Distributable reserves | 133 | €6 | €6 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€260,686 | -€170,188 | +€90,498 | +34.7% |
| Amounts payable | 17/49 | €438,728 | €436,066 | -€2,662 | -0.6% |
| Amounts payable after more than one year | 17 | €191,603 | €167,116 | -€24,487 | -12.8% |
| Financial debts | 170/4 | €191,603 | €167,116 | -€24,487 | -12.8% |
| Amounts payable within one year | 42/48 | €247,125 | €268,950 | +€21,825 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €26,912 | €24,487 | -€2,425 | -9.0% |
| Financial debts | 43 | €729 | €764 | +€36 | +4.9% |
| Credit institutions | 430/8 | €729 | €764 | +€36 | +4.9% |
| Trade debts | 44 | €142,755 | €85,030 | -€57,725 | -40.4% |
| Suppliers | 440/4 | €142,755 | €85,030 | -€57,725 | -40.4% |
| Taxes, remuneration and social security | 45 | €10,470 | €9,306 | -€1,164 | -11.1% |
| Taxes | 450/3 | €2,056 | €4,383 | +€2,327 | +113% |
| Remuneration and social security | 454/9 | €8,414 | €4,922 | -€3,491 | -41.5% |
| Other amounts payable | 47/48 | €66,259 | €149,363 | +€83,104 | +125% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €106,050 | €101,870 | -€4,180 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,486 | €42,276 | +€15,790 | +59.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,629 | €0 | -€1,629 | -100% |
| Other operating charges | 640/8 | €16,996 | €20,467 | +€3,471 | +20.4% |
| Non-recurring operating charges | 66A | €927 | €2,319 | +€1,392 | +150% |
| Gross operating margin | 9900 | €131,393 | €271,411 | +€140,018 | +107% |
| Operating profit (loss) | 9901 | -€20,694 | €104,479 | +€125,173 | |
| Financial income | 75/76B | €27,075 | €40 | -€27,036 | -99.9% |
| Recurring financial income | 75 | €75 | €40 | -€36 | -47.6% |
| Non-recurring financial income | 76B | €27,000 | €0 | -€27,000 | -100% |
| Financial charges | 65/66B | €24,113 | €14,021 | -€10,092 | -41.9% |
| Recurring financial charges | 65 | €24,113 | €14,021 | -€10,092 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,732 | €90,498 | +€108,229 | |
| Income taxes | 67/77 | €287 | €0 | -€287 | -100% |
| Profit (loss) for the period | 9904 | -€18,019 | €90,498 | +€108,516 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,019 | €90,498 | +€108,516 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.