DERWA: 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.
DERWA
Largest movements
- Receivables within one year +€176,160
up €176,160 (+993.0%), from €17,740 to €193,900
of which Trade receivables: +€174,461
- Tangible fixed assets -€7,832
down €7,832 (-20.5%), from €38,150 to €30,317
of which Furniture and vehicles: -€7,832
- Cash -€2,763
down €2,763 (-5.8%), from €48,049 to €45,286
mainly Receivables within one year (-€176,160) and Debts after one year (-€39,061)
- Trade debts +€203,997
up €203,997 (+271.1%), from €75,261 to €279,258
- Debts after one year -€39,061
down €39,061 (-52.2%), from €74,899 to €35,838
- Profit (loss) carried forward -€17,211
down €17,211 (-25.2%), from -€68,186 to -€85,397
- Current portion of long-term debt +€16,175
up €16,175, from €0 to €16,175
- Gross operating margin -€19,706
down €19,706, from €18,469 to -€1,237
- Depreciation +€4,209
up €4,209 (+116.2%), from €3,623 to €7,832
- Other operating charges +€4,003
up €4,003 (+244.8%), from €1,635 to €5,638
- Financial charges +€754
up €754 (+77.4%), from €975 to €1,729
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 | €105,024 | €270,589 | +€165,565 | +157.6% |
| Fixed assets | 21/28 | €38,150 | €30,317 | -€7,832 | -20.5% |
| Tangible fixed assets | 22/27 | €38,150 | €30,317 | -€7,832 | -20.5% |
| Furniture and vehicles | 24 | €34,659 | €26,827 | -€7,832 | -22.6% |
| Other tangible fixed assets | 26 | €3,491 | €3,491 | = | 0.0% |
| Current assets | 29/58 | €66,875 | €240,272 | +€173,398 | +259.3% |
| Amounts receivable within one year | 40/41 | €17,740 | €193,900 | +€176,160 | +993.0% |
| Trade receivables | 40 | €14,789 | €189,250 | +€174,461 | +1179.7% |
| Other amounts receivable | 41 | €2,951 | €4,650 | +€1,699 | +57.6% |
| Cash at bank and in hand | 54/58 | €48,049 | €45,286 | -€2,763 | -5.8% |
| Deferred charges and accrued income | 490/1 | €1,086 | €1,086 | = | 0.0% |
| Total equity and liabilities | 10/49 | €105,024 | €270,589 | +€165,565 | +157.6% |
| Equity | 10/15 | -€63,186 | -€80,397 | -€17,211 | -27.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,186 | -€85,397 | -€17,211 | -25.2% |
| Amounts payable | 17/49 | €168,210 | €350,987 | +€182,776 | +108.7% |
| Amounts payable after more than one year | 17 | €74,899 | €35,838 | -€39,061 | -52.2% |
| Financial debts | 170/4 | €74,899 | €35,838 | -€39,061 | -52.2% |
| Amounts payable within one year | 42/48 | €93,311 | €315,149 | +€221,837 | +237.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €16,175 | +€16,175 | |
| Trade debts | 44 | €75,261 | €279,258 | +€203,997 | +271.1% |
| Suppliers | 440/4 | €75,261 | €279,258 | +€203,997 | +271.1% |
| Taxes, remuneration and social security | 45 | €7,190 | €7,901 | +€711 | +9.9% |
| Taxes | 450/3 | €7,190 | €5,002 | -€2,188 | -30.4% |
| Remuneration and social security | 454/9 | - | €2,899 | +€2,899 | |
| Other amounts payable | 47/48 | €10,861 | €11,814 | +€954 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,623 | €7,832 | +€4,209 | +116.2% |
| Other operating charges | 640/8 | €1,635 | €5,638 | +€4,003 | +244.8% |
| Gross operating margin | 9900 | €18,469 | -€1,237 | -€19,706 | |
| Operating profit (loss) | 9901 | €13,210 | -€14,708 | -€27,918 | |
| Financial income | 75/76B | €30 | €0 | -€30 | -100.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100.0% |
| Financial charges | 65/66B | €975 | €1,729 | +€754 | +77.4% |
| Recurring financial charges | 65 | €975 | €1,729 | +€754 | +77.4% |
| Profit (loss) for the period before taxes | 9903 | €12,265 | -€16,437 | -€28,702 | |
| Income taxes | 67/77 | €524 | €565 | +€40 | +7.7% |
| Profit (loss) for the period | 9904 | €11,741 | -€17,001 | -€28,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,741 | -€17,001 | -€28,743 |
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 6 October 2026 via checked.be.