DESWIN: 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.
DESWIN
Largest movements
- Receivables within one year +€33,409
up €33,409 (+307.8%), from €10,852 to €44,261
of which Other amounts receivable: +€29,693
- Cash +€22,127
up €22,127 (+200.1%), from €11,060 to €33,186
mainly Net result for the year (+€45,824) and Tax, wage and social debts (+€18,108)
- Reserves +€45,824
up €45,824 (+755.3%), from €6,067 to €51,892
- Tax, wage and social debts +€18,108
up €18,108 (+727.8%), from €2,488 to €20,597
- Other debts -€7,000
down €7,000 (-100.0%), from €7,000 to €0
- Trade debts -€1,256
down €1,256 (-34.1%), from €3,681 to €2,425
- Gross operating margin +€59,714
up €59,714 (+690.0%), from €8,655 to €68,369
- Taxes +€15,842
up €15,842 (+636.7%), from €2,488 to €18,330
- Financial charges +€3,322
up €3,322 (+44299.5%), from €8 to €3,330
- Other operating charges +€861
up €861 (+1722.8%), from €50 to €911
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 | €24,237 | €79,913 | +€55,677 | +229.7% |
| Fixed assets | 21/28 | €2,072 | €1,649 | -€423 | -20.4% |
| Tangible fixed assets | 22/27 | €2,072 | €1,649 | -€423 | -20.4% |
| Plant, machinery and equipment | 23 | €2,072 | €1,649 | -€423 | -20.4% |
| Current assets | 29/58 | €22,165 | €78,264 | +€56,099 | +253.1% |
| Amounts receivable within one year | 40/41 | €10,852 | €44,261 | +€33,409 | +307.8% |
| Trade receivables | 40 | €10,000 | €13,716 | +€3,716 | +37.2% |
| Other amounts receivable | 41 | €852 | €30,545 | +€29,693 | +3484.2% |
| Cash at bank and in hand | 54/58 | €11,060 | €33,186 | +€22,127 | +200.1% |
| Deferred charges and accrued income | 490/1 | €253 | €817 | +€564 | +222.9% |
| Total equity and liabilities | 10/49 | €24,237 | €79,913 | +€55,677 | +229.7% |
| Equity | 10/15 | €11,067 | €56,892 | +€45,824 | +414.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,067 | €51,892 | +€45,824 | +755.3% |
| Distributable reserves | 133 | €6,067 | €51,892 | +€45,824 | +755.3% |
| Amounts payable | 17/49 | €13,169 | €23,022 | +€9,852 | +74.8% |
| Amounts payable within one year | 42/48 | €13,169 | €23,022 | +€9,852 | +74.8% |
| Trade debts | 44 | €3,681 | €2,425 | -€1,256 | -34.1% |
| Suppliers | 440/4 | €3,681 | €2,425 | -€1,256 | -34.1% |
| Taxes, remuneration and social security | 45 | €2,488 | €20,597 | +€18,108 | +727.8% |
| Taxes | 450/3 | €2,488 | €20,597 | +€18,108 | +727.8% |
| Other amounts payable | 47/48 | €7,000 | €0 | -€7,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42 | €423 | +€381 | +913.9% |
| Other operating charges | 640/8 | €50 | €911 | +€861 | +1722.8% |
| Gross operating margin | 9900 | €8,655 | €68,369 | +€59,714 | +690.0% |
| Operating profit (loss) | 9901 | €8,563 | €67,035 | +€58,472 | +682.8% |
| Financial income | 75/76B | €0 | €450 | +€450 | +4495700.0% |
| Recurring financial income | 75 | €0 | €450 | +€450 | +4495700.0% |
| Financial charges | 65/66B | €8 | €3,330 | +€3,322 | +44299.5% |
| Recurring financial charges | 65 | €8 | €3,330 | +€3,322 | +44299.5% |
| Profit (loss) for the period before taxes | 9903 | €8,556 | €64,154 | +€55,599 | +649.9% |
| Income taxes | 67/77 | €2,488 | €18,330 | +€15,842 | +636.7% |
| Profit (loss) for the period | 9904 | €6,067 | €45,824 | +€39,757 | +655.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,067 | €45,824 | +€39,757 | +655.3% |
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 10 October 2026 via checked.be.