Deutsche Windtechnik Belgium: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Deutsche Windtechnik Belgium
Largest movements
- Stocks and contracts +€707,170
up €707,170 (+280%), from €252,636 to €959,806
- Receivables within one year +€173,703
up €173,703 (+28.0%), from €619,753 to €793,456
of which Trade receivables: +€123,916
- Intangible fixed assets -€110,140
down €110,140 (-26.0%), from €423,440 to €313,300
- Tangible fixed assets +€105,860
up €105,860 (+79.7%), from €132,865 to €238,725
of which Other tangible fixed assets: +€109,542
- Deferred charges and accrued income +€75,594
up €75,594 (+425%), from €17,796 to €93,390
- Profit (loss) carried forward -€1.4m
down €1.4m (-316%), from -€446,250 to -€1.9m
- Debts after one year +€1.2m
up €1.2m (+792%), from €150,000 to €1.3m
- Trade debts +€594,351
up €594,351 (+46.6%), from €1.3m to €1.9m
- Accrued charges and deferred income +€353,741
up €353,741 (+88.6%), from €399,159 to €752,900
- Provisions +€200,210
up €200,210 (+359%), from €55,750 to €255,960
- Gross operating margin -€388,478
down €388,478, from €195,585 to -€192,893
- Staff costs +€319,985
up €319,985 (+68.5%), from €466,811 to €786,795
- Provisions +€144,460
up €144,460 (+259%), from €55,750 to €200,210
- Depreciation +€70,706
up €70,706 (+65.4%), from €108,041 to €178,747
- Financial charges +€37,681
up €37,681 (+347%), from €10,854 to €48,535
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,528,062 | €2,471,662 | +€943,601 | +61.8% |
| Fixed assets | 21/28 | €559,113 | €554,833 | -€4,280 | -0.8% |
| Intangible fixed assets | 21 | €423,440 | €313,300 | -€110,140 | -26.0% |
| Tangible fixed assets | 22/27 | €132,865 | €238,725 | +€105,860 | +79.7% |
| Plant, machinery and equipment | 23 | €68,324 | €76,524 | +€8,200 | +12.0% |
| Furniture and vehicles | 24 | €61,037 | €49,155 | -€11,882 | -19.5% |
| Other tangible fixed assets | 26 | €3,504 | €113,046 | +€109,542 | +3,126% |
| Financial fixed assets | 28 | €2,808 | €2,808 | = | 0.0% |
| Current assets | 29/58 | €968,949 | €1,916,829 | +€947,881 | +97.8% |
| Stocks and contracts in progress | 3 | €252,636 | €959,806 | +€707,170 | +280% |
| Stocks | 30/36 | €252,636 | €959,806 | +€707,170 | +280% |
| Amounts receivable within one year | 40/41 | €619,753 | €793,456 | +€173,703 | +28.0% |
| Trade receivables | 40 | €598,981 | €722,897 | +€123,916 | +20.7% |
| Other amounts receivable | 41 | €20,773 | €70,560 | +€49,787 | +240% |
| Cash at bank and in hand | 54/58 | €78,763 | €70,177 | -€8,586 | -10.9% |
| Deferred charges and accrued income | 490/1 | €17,796 | €93,390 | +€75,594 | +425% |
| Total equity and liabilities | 10/49 | €1,528,062 | €2,471,662 | +€943,601 | +61.8% |
| Equity | 10/15 | -€426,250 | -€1,834,224 | -€1.4m | -330% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€446,250 | -€1,854,224 | -€1.4m | -316% |
| Provisions and deferred taxes | 16 | €55,750 | €255,960 | +€200,210 | +359% |
| Provisions for liabilities and charges | 160/5 | €55,750 | €255,960 | +€200,210 | +359% |
| Other liabilities and charges | 164/5 | €55,750 | €255,960 | +€200,210 | +359% |
| Amounts payable | 17/49 | €1,898,561 | €4,049,927 | +€2.2m | +113% |
| Amounts payable after more than one year | 17 | €150,000 | €1,337,599 | +€1.2m | +792% |
| Financial debts | 170/4 | €150,000 | €1,337,599 | +€1.2m | +792% |
| Amounts payable within one year | 42/48 | €1,349,403 | €1,959,428 | +€610,025 | +45.2% |
| Trade debts | 44 | €1,274,332 | €1,868,683 | +€594,351 | +46.6% |
| Suppliers | 440/4 | €1,274,332 | €1,868,683 | +€594,351 | +46.6% |
| Taxes, remuneration and social security | 45 | €75,071 | €90,745 | +€15,674 | +20.9% |
| Taxes | 450/3 | €2,774 | €14,807 | +€12,034 | +434% |
| Remuneration and social security | 454/9 | €72,297 | €75,938 | +€3,641 | +5.0% |
| Accrued charges and deferred income | 492/3 | €399,159 | €752,900 | +€353,741 | +88.6% |
| Remuneration, social security and pensions | 62 | €466,811 | €786,795 | +€319,985 | +68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,041 | €178,747 | +€70,706 | +65.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €55,750 | €200,210 | +€144,460 | +259% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €195,585 | -€192,893 | -€388,478 | |
| Operating profit (loss) | 9901 | -€435,078 | -€1,358,707 | -€923,629 | -212% |
| Financial charges | 65/66B | €10,854 | €48,535 | +€37,681 | +347% |
| Recurring financial charges | 65 | €10,854 | €48,535 | +€37,681 | +347% |
| Profit (loss) for the period before taxes | 9903 | -€445,932 | -€1,407,242 | -€961,310 | -216% |
| Income taxes | 67/77 | €318 | €733 | +€415 | +131% |
| Profit (loss) for the period | 9904 | -€446,250 | -€1,407,975 | -€961,725 | -216% |
| Profit (loss) for the period to be appropriated | 9905 | -€446,250 | -€1,407,975 | -€961,725 | -216% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.