DERWECO: what changed
Two financial 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.
DERWECO
Largest movements
- Stocks and contracts +€772,030
up €772,030 (+124%), from €622,053 to €1.4m
of which Stocks: +€671,887
- Receivables within one year +€336,700
up €336,700 (+120%), from €280,417 to €617,117
of which Trade receivables: +€256,384
- Tangible fixed assets +€129,895
up €129,895 (+17.4%), from €744,520 to €874,415
of which Land and buildings: +€93,564
- Cash -€59,874
down €59,874 (-79.2%), from €75,612 to €15,737
mainly Stocks and contracts (-€772,030) and Receivables within one year (-€336,700)
- Deferred charges and accrued income +€55,165
up €55,165 (+784%), from €7,034 to €62,199
- Trade debts +€517,563
up €517,563 (+115%), from €449,751 to €967,314
- Debts after one year +€443,656
up €443,656 (+111%), from €399,641 to €843,296
- Other debts +€282,759
up €282,759 (+234%), from €120,634 to €403,392
- Gross operating margin +€290,303
up €290,303 (+34.7%), from €835,630 to €1.1m
- Staff costs +€274,533
up €274,533 (+46.1%), from €595,139 to €869,672
- Financial charges +€63,644
up €63,644 (+146%), from €43,715 to €107,359
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.
Derived cash bridge
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 | €1,729,636 | €2,963,552 | +€1.2m | +71.3% |
| Fixed assets | 21/28 | €744,520 | €874,415 | +€129,895 | +17.4% |
| Tangible fixed assets | 22/27 | €744,520 | €874,415 | +€129,895 | +17.4% |
| Land and buildings | 22 | €535,520 | €629,084 | +€93,564 | +17.5% |
| Plant, machinery and equipment | 23 | €197,151 | €198,189 | +€1,037 | +0.5% |
| Furniture and vehicles | 24 | €11,848 | €47,142 | +€35,294 | +298% |
| Current assets | 29/58 | €985,116 | €2,089,137 | +€1.1m | +112% |
| Stocks and contracts in progress | 3 | €622,053 | €1,394,084 | +€772,030 | +124% |
| Stocks | 30/36 | €308,418 | €980,305 | +€671,887 | +218% |
| Contracts in progress | 37 | €313,635 | €413,778 | +€100,143 | +31.9% |
| Amounts receivable within one year | 40/41 | €280,417 | €617,117 | +€336,700 | +120% |
| Trade receivables | 40 | €192,145 | €448,529 | +€256,384 | +133% |
| Other amounts receivable | 41 | €88,272 | €168,588 | +€80,316 | +91.0% |
| Cash at bank and in hand | 54/58 | €75,612 | €15,737 | -€59,874 | -79.2% |
| Deferred charges and accrued income | 490/1 | €7,034 | €62,199 | +€55,165 | +784% |
| Total equity and liabilities | 10/49 | €1,729,636 | €2,963,552 | +€1.2m | +71.3% |
| Equity | 10/15 | €228,582 | €218,427 | -€10,155 | -4.4% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €142,515 | €132,360 | -€10,155 | -7.1% |
| Distributable reserves | 133 | €142,515 | €132,360 | -€10,155 | -7.1% |
| Profit (loss) carried forward | 14 | €79,767 | €79,767 | = | 0.0% |
| Amounts payable | 17/49 | €1,501,053 | €2,745,125 | +€1.2m | +82.9% |
| Amounts payable after more than one year | 17 | €399,641 | €843,296 | +€443,656 | +111% |
| Financial debts | 170/4 | €399,641 | €843,296 | +€443,656 | +111% |
| Amounts payable within one year | 42/48 | €1,101,413 | €1,892,888 | +€791,475 | +71.9% |
| Current portion of amounts payable after more than one year | 42 | €68,402 | €76,736 | +€8,334 | +12.2% |
| Financial debts | 43 | €356,400 | €356,400 | = | 0.0% |
| Other loans | 439 | €356,400 | €356,400 | = | 0.0% |
| Trade debts | 44 | €449,751 | €967,314 | +€517,563 | +115% |
| Suppliers | 440/4 | €449,751 | €967,314 | +€517,563 | +115% |
| Taxes, remuneration and social security | 45 | €106,226 | €89,046 | -€17,180 | -16.2% |
| Taxes | 450/3 | €43,002 | €31,014 | -€11,987 | -27.9% |
| Remuneration and social security | 454/9 | €63,224 | €58,031 | -€5,193 | -8.2% |
| Other amounts payable | 47/48 | €120,634 | €403,392 | +€282,759 | +234% |
| Accrued charges and deferred income | 492/3 | - | €8,940 | +€8,940 | |
| Non-recurring operating income | 76A | €3,000 | €7,863 | +€4,863 | +162% |
| Remuneration, social security and pensions | 62 | €595,139 | €869,672 | +€274,533 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,651 | €65,357 | -€5,294 | -7.5% |
| Other operating charges | 640/8 | €10,671 | €13,636 | +€2,965 | +27.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €835,630 | €1,125,932 | +€290,303 | +34.7% |
| Operating profit (loss) | 9901 | €159,169 | €177,268 | +€18,099 | +11.4% |
| Financial income | 75/76B | €2,060 | €2,916 | +€855 | +41.5% |
| Recurring financial income | 75 | €2,060 | €2,916 | +€855 | +41.5% |
| Financial charges | 65/66B | €43,715 | €107,359 | +€63,644 | +146% |
| Recurring financial charges | 65 | €43,715 | €107,359 | +€63,644 | +146% |
| Profit (loss) for the period before taxes | 9903 | €117,514 | €72,825 | -€44,689 | -38.0% |
| Income taxes | 67/77 | €29,859 | €29,980 | +€121 | +0.4% |
| Profit (loss) for the period | 9904 | €87,655 | €42,845 | -€44,810 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,655 | €42,845 | -€44,810 | -51.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.