DERWAG: 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.
DERWAG
Largest movements
- Cash -€26,737
down €26,737 (-26.4%), from €101,216 to €74,479
mainly Contributions, distributions and other (-€55,000) and Receivables within one year (-€17,583)
- Receivables within one year +€17,583
up €17,583 (+135.7%), from €12,960 to €30,542
of which Trade receivables: +€22,513
- Current investments +€14,536
up €14,536 (+98.3%), from €14,787 to €29,322
- Tangible fixed assets -€2,886
down €2,886 (-56.2%), from €5,134 to €2,248
of which Furniture and vehicles: -€2,482
- Profit (loss) carried forward -€17,565
down €17,565 (-13.8%), from €127,286 to €109,721
- Other debts +€15,761
up €15,761 (+1421.6%), from €1,109 to €16,870
- Tax, wage and social debts +€4,769
new in 2025: €4,769
of which Taxes: +€2,436
- Financial charges -€2,815
down €2,815, from €312 to -€2,503
- Financial income +€2,283
up €2,283 (+226.4%), from €1,008 to €3,291
- Taxes +€1,254
up €1,254 (+13.3%), from €9,434 to €10,688
- Gross operating margin +€695
up €695 (+1.5%), from €45,520 to €46,215
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 | €137,375 | €139,792 | +€2,418 | +1.8% |
| Fixed assets | 21/28 | €5,134 | €2,248 | -€2,886 | -56.2% |
| Tangible fixed assets | 22/27 | €5,134 | €2,248 | -€2,886 | -56.2% |
| Plant, machinery and equipment | 23 | €503 | €100 | -€404 | -80.2% |
| Furniture and vehicles | 24 | €4,631 | €2,149 | -€2,482 | -53.6% |
| Current assets | 29/58 | €132,241 | €137,544 | +€5,303 | +4.0% |
| Amounts receivable within one year | 40/41 | €12,960 | €30,542 | +€17,583 | +135.7% |
| Trade receivables | 40 | €6,000 | €28,513 | +€22,513 | +375.2% |
| Other amounts receivable | 41 | €6,960 | €2,029 | -€4,931 | -70.8% |
| Current investments | 50/53 | €14,787 | €29,322 | +€14,536 | +98.3% |
| Cash at bank and in hand | 54/58 | €101,216 | €74,479 | -€26,737 | -26.4% |
| Deferred charges and accrued income | 490/1 | €3,278 | €3,201 | -€78 | -2.4% |
| Total equity and liabilities | 10/49 | €137,375 | €139,792 | +€2,418 | +1.8% |
| Equity | 10/15 | €132,286 | €114,721 | -€17,565 | -13.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,286 | €109,721 | -€17,565 | -13.8% |
| Amounts payable | 17/49 | €5,088 | €25,072 | +€19,983 | +392.7% |
| Amounts payable within one year | 42/48 | €5,088 | €25,072 | +€19,983 | +392.7% |
| Trade debts | 44 | €3,980 | €3,433 | -€547 | -13.7% |
| Suppliers | 440/4 | €3,980 | €3,433 | -€547 | -13.7% |
| Taxes, remuneration and social security | 45 | - | €4,769 | +€4,769 | |
| Taxes | 450/3 | - | €2,436 | +€2,436 | |
| Remuneration and social security | 454/9 | - | €2,333 | +€2,333 | |
| Other amounts payable | 47/48 | €1,109 | €16,870 | +€15,761 | +1421.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,886 | €2,886 | = | 0.0% |
| Other operating charges | 640/8 | €970 | €1,001 | +€31 | +3.2% |
| Gross operating margin | 9900 | €45,520 | €46,215 | +€695 | +1.5% |
| Operating profit (loss) | 9901 | €41,664 | €42,328 | +€664 | +1.6% |
| Financial income | 75/76B | €1,008 | €3,291 | +€2,283 | +226.4% |
| Recurring financial income | 75 | €1,008 | €3,291 | +€2,283 | +226.4% |
| Financial charges | 65/66B | €312 | -€2,503 | -€2,815 | |
| Recurring financial charges | 65 | €312 | -€2,503 | -€2,815 | |
| Profit (loss) for the period before taxes | 9903 | €42,361 | €48,122 | +€5,762 | +13.6% |
| Income taxes | 67/77 | €9,434 | €10,688 | +€1,254 | +13.3% |
| Profit (loss) for the period | 9904 | €32,926 | €37,435 | +€4,508 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,926 | €37,435 | +€4,508 | +13.7% |
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 3 October 2026 via checked.be.