DAWS: 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.
DAWS
Largest movements
- Cash +€37,529
up €37,529 (+111.5%), from €33,646 to €71,175
mainly Net result for the year (+€84,674) and Depreciation (+€1,696)
- Current investments +€30,000
new in 2025: €30,000
- Receivables within one year +€8,047
up €8,047 (+8.0%), from €100,842 to €108,890
of which Other amounts receivable: +€46,118
- Tangible fixed assets +€2,662
up €2,662 (+69.6%), from €3,827 to €6,489
of which Land and buildings: +€4,043
- Profit (loss) carried forward +€83,815
up €83,815 (+94.1%), from €89,028 to €172,844
- Tax, wage and social debts -€5,402
down €5,402 (-11.8%), from €45,858 to €40,456
of which Taxes: -€5,772
- Gross operating margin -€6,328
down €6,328 (-5.5%), from €115,674 to €109,346
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 | €138,870 | €217,792 | +€78,921 | +56.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,827 | €7,689 | +€3,862 | +100.9% |
| Tangible fixed assets | 22/27 | €3,827 | €6,489 | +€2,662 | +69.6% |
| Land and buildings | 22 | - | €4,043 | +€4,043 | |
| Furniture and vehicles | 24 | €3,827 | €2,446 | -€1,381 | -36.1% |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €135,044 | €210,103 | +€75,060 | +55.6% |
| Amounts receivable within one year | 40/41 | €100,842 | €108,890 | +€8,047 | +8.0% |
| Trade receivables | 40 | €100,842 | €62,772 | -€38,071 | -37.8% |
| Other amounts receivable | 41 | - | €46,118 | +€46,118 | |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €33,646 | €71,175 | +€37,529 | +111.5% |
| Deferred charges and accrued income | 490/1 | €555 | €39 | -€516 | -93.0% |
| Total equity and liabilities | 10/49 | €138,870 | €217,792 | +€78,921 | +56.8% |
| Equity | 10/15 | €92,028 | €175,844 | +€83,815 | +91.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,028 | €172,844 | +€83,815 | +94.1% |
| Amounts payable | 17/49 | €46,842 | €41,948 | -€4,894 | -10.4% |
| Amounts payable within one year | 42/48 | €46,842 | €41,948 | -€4,894 | -10.4% |
| Trade debts | 44 | €151 | €633 | +€482 | +318.6% |
| Suppliers | 440/4 | €151 | €633 | +€482 | +318.6% |
| Taxes, remuneration and social security | 45 | €45,858 | €40,456 | -€5,402 | -11.8% |
| Taxes | 450/3 | €43,600 | €37,828 | -€5,772 | -13.2% |
| Remuneration and social security | 454/9 | €2,257 | €2,628 | +€371 | +16.4% |
| Other amounts payable | 47/48 | €833 | €859 | +€26 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,086 | €1,696 | +€610 | +56.2% |
| Other operating charges | 640/8 | €652 | €129 | -€523 | -80.2% |
| Gross operating margin | 9900 | €115,674 | €109,346 | -€6,328 | -5.5% |
| Operating profit (loss) | 9901 | €113,936 | €107,521 | -€6,415 | -5.6% |
| Financial income | 75/76B | €1 | €194 | +€193 | +19903.1% |
| Recurring financial income | 75 | €1 | €194 | +€193 | +19903.1% |
| Financial charges | 65/66B | €94 | €140 | +€46 | +48.3% |
| Recurring financial charges | 65 | €94 | €140 | +€46 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €113,843 | €107,575 | -€6,268 | -5.5% |
| Income taxes | 67/77 | €23,981 | €22,900 | -€1,081 | -4.5% |
| Profit (loss) for the period | 9904 | €89,861 | €84,674 | -€5,187 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €89,861 | €84,674 | -€5,187 | -5.8% |
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 30 September 2026 via checked.be.