DAWLAT: what changed
Two fiscal 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.
DAWLAT
Largest movements
- Tangible fixed assets +€32,803
up €32,803 (+488.1%), from €6,720 to €39,523
of which Furniture and vehicles: +€34,313
- Receivables within one year -€26,090
down €26,090 (-83.6%), from €31,205 to €5,115
of which Trade receivables: -€30,196
- Cash +€10,569
up €10,569 (+398.8%), from €2,650 to €13,220
mainly Receivables within one year (+€26,090) and Net result for the year (+€11,000)
- Reserves +€11,000
up €11,000 (+87.0%), from €12,650 to €23,650
- Tax, wage and social debts +€8,615
up €8,615 (+106.9%), from €8,061 to €16,676
of which Remuneration and social security: +€7,099
- Other debts -€1,953
down €1,953 (-79.7%), from €2,450 to €497
- Depreciation +€5,229
up €5,229 (+326.5%), from €1,602 to €6,831
- Taxes +€2,698
new in 2025: €2,698
- Staff costs +€2,474
up €2,474 (+14.3%), from €17,353 to €19,827
- Gross operating margin -€2,335
down €2,335 (-5.4%), from €43,445 to €41,110
- Other operating charges -€557
down €557 (-48.7%), from €1,143 to €586
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 | €42,451 | €59,733 | +€17,282 | +40.7% |
| Fixed assets | 21/28 | €8,595 | €41,398 | +€32,803 | +381.6% |
| Tangible fixed assets | 22/27 | €6,720 | €39,523 | +€32,803 | +488.1% |
| Land and buildings | 22 | €2,865 | €2,252 | -€614 | -21.4% |
| Plant, machinery and equipment | 23 | €3,855 | €2,958 | -€896 | -23.3% |
| Furniture and vehicles | 24 | - | €34,313 | +€34,313 | |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €33,856 | €18,335 | -€15,521 | -45.8% |
| Amounts receivable within one year | 40/41 | €31,205 | €5,115 | -€26,090 | -83.6% |
| Trade receivables | 40 | €31,205 | €1,009 | -€30,196 | -96.8% |
| Other amounts receivable | 41 | - | €4,106 | +€4,106 | |
| Cash at bank and in hand | 54/58 | €2,650 | €13,220 | +€10,569 | +398.8% |
| Total equity and liabilities | 10/49 | €42,451 | €59,733 | +€17,282 | +40.7% |
| Equity | 10/15 | €31,250 | €42,250 | +€11,000 | +35.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,650 | €23,650 | +€11,000 | +87.0% |
| Distributable reserves | 133 | €12,650 | €23,650 | +€11,000 | +87.0% |
| Amounts payable | 17/49 | €11,201 | €17,483 | +€6,282 | +56.1% |
| Amounts payable within one year | 42/48 | €11,201 | €17,483 | +€6,282 | +56.1% |
| Trade debts | 44 | €689 | €310 | -€380 | -55.1% |
| Suppliers | 440/4 | €689 | €310 | -€380 | -55.1% |
| Taxes, remuneration and social security | 45 | €8,061 | €16,676 | +€8,615 | +106.9% |
| Taxes | 450/3 | €1,181 | €2,698 | +€1,516 | +128.3% |
| Remuneration and social security | 454/9 | €6,880 | €13,979 | +€7,099 | +103.2% |
| Other amounts payable | 47/48 | €2,450 | €497 | -€1,953 | -79.7% |
| Remuneration, social security and pensions | 62 | €17,353 | €19,827 | +€2,474 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,602 | €6,831 | +€5,229 | +326.5% |
| Other operating charges | 640/8 | €1,143 | €586 | -€557 | -48.7% |
| Gross operating margin | 9900 | €43,445 | €41,110 | -€2,335 | -5.4% |
| Operating profit (loss) | 9901 | €23,348 | €13,866 | -€9,481 | -40.6% |
| Financial charges | 65/66B | €245 | €169 | -€76 | -31.0% |
| Recurring financial charges | 65 | €245 | €169 | -€76 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €23,103 | €13,697 | -€9,406 | -40.7% |
| Income taxes | 67/77 | - | €2,698 | +€2,698 | |
| Profit (loss) for the period | 9904 | €23,103 | €11,000 | -€12,103 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,103 | €11,000 | -€12,103 | -52.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.