DEW PROJECTS: 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.
DEW PROJECTS
Largest movements
- Tangible fixed assets -€68,131
down €68,131 (-13.7%), from €497,809 to €429,679
of which Land and buildings: -€58,760
- Receivables within one year -€41,241
down €41,241 (-98.0%), from €42,092 to €851
of which Other amounts receivable: -€37,363
- Debts after one year +€196,192
up €196,192 (+219.5%), from €89,386 to €285,578
- Other debts -€188,961
down €188,961 (-71.1%), from €265,591 to €76,630
- Tax, wage and social debts -€44,501
down €44,501 (-78.8%), from €56,494 to €11,994
of which Taxes: -€44,501
- Profit (loss) carried forward -€28,570
down €28,570 (-47.5%), from -€60,159 to -€88,729
- Current portion of long-term debt -€21,666
down €21,666 (-51.3%), from €42,243 to €20,577
- Gross operating margin -€37,437
down €37,437 (-31.6%), from €118,330 to €80,893
- Taxes -€16,393
down €16,393, from €16,334 to -€59
- Financial charges +€15,812
up €15,812 (+123.9%), from €12,764 to €28,576
of which Financial charges: +€24,583
- Staff costs +€5,012
new in 2025: €5,012
- Other operating charges -€3,173
down €3,173 (-28.9%), from €10,988 to €7,815
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 | €549,559 | €444,034 | -€105,525 | -19.2% |
| Fixed assets | 21/28 | €497,809 | €429,679 | -€68,131 | -13.7% |
| Tangible fixed assets | 22/27 | €497,809 | €429,679 | -€68,131 | -13.7% |
| Land and buildings | 22 | €474,101 | €415,341 | -€58,760 | -12.4% |
| Plant, machinery and equipment | 23 | €22,822 | €13,918 | -€8,904 | -39.0% |
| Furniture and vehicles | 24 | €886 | €419 | -€466 | -52.7% |
| Current assets | 29/58 | €51,750 | €14,355 | -€37,394 | -72.3% |
| Amounts receivable within one year | 40/41 | €42,092 | €851 | -€41,241 | -98.0% |
| Trade receivables | 40 | €3,878 | - | -€3,878 | |
| Other amounts receivable | 41 | €38,214 | €851 | -€37,363 | -97.8% |
| Cash at bank and in hand | 54/58 | €6,912 | €11,951 | +€5,039 | +72.9% |
| Deferred charges and accrued income | 490/1 | €2,746 | €1,554 | -€1,192 | -43.4% |
| Total equity and liabilities | 10/49 | €549,559 | €444,034 | -€105,525 | -19.2% |
| Equity | 10/15 | €71,331 | €42,761 | -€28,570 | -40.1% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €1,490 | €1,490 | = | 0.0% |
| Distributable reserves | 133 | €1,490 | €1,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,159 | -€88,729 | -€28,570 | -47.5% |
| Amounts payable | 17/49 | €478,228 | €401,273 | -€76,955 | -16.1% |
| Amounts payable after more than one year | 17 | €89,386 | €285,578 | +€196,192 | +219.5% |
| Financial debts | 170/4 | €89,386 | €285,578 | +€196,192 | +219.5% |
| Amounts payable within one year | 42/48 | €388,780 | €114,788 | -€273,992 | -70.5% |
| Current portion of amounts payable after more than one year | 42 | €42,243 | €20,577 | -€21,666 | -51.3% |
| Trade debts | 44 | €17,925 | €5,588 | -€12,337 | -68.8% |
| Suppliers | 440/4 | €17,925 | €5,588 | -€12,337 | -68.8% |
| Advances received on contracts in progress | 46 | €6,527 | - | -€6,527 | |
| Taxes, remuneration and social security | 45 | €56,494 | €11,994 | -€44,501 | -78.8% |
| Taxes | 450/3 | €56,433 | €11,932 | -€44,501 | -78.9% |
| Remuneration and social security | 454/9 | €61 | €61 | = | 0.0% |
| Other amounts payable | 47/48 | €265,591 | €76,630 | -€188,961 | -71.1% |
| Accrued charges and deferred income | 492/3 | €62 | €907 | +€845 | +1363.4% |
| Remuneration, social security and pensions | 62 | - | €5,012 | +€5,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,131 | €68,131 | = | 0.0% |
| Other operating charges | 640/8 | €10,988 | €7,815 | -€3,173 | -28.9% |
| Gross operating margin | 9900 | €118,330 | €80,893 | -€37,437 | -31.6% |
| Operating profit (loss) | 9901 | €39,212 | -€65 | -€39,276 | |
| Financial income | 75/76B | €0 | €12 | +€12 | +119900.0% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +119900.0% |
| Financial charges | 65/66B | €12,764 | €28,576 | +€15,812 | +123.9% |
| Recurring financial charges | 65 | €3,993 | €28,576 | +€24,583 | +615.6% |
| Non-recurring financial charges | 66B | €8,771 | - | -€8,771 | |
| Profit (loss) for the period before taxes | 9903 | €26,448 | -€28,629 | -€55,076 | |
| Income taxes | 67/77 | €16,334 | -€59 | -€16,393 | |
| Profit (loss) for the period | 9904 | €10,114 | -€28,570 | -€38,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,114 | -€28,570 | -€38,683 |
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 11 October 2026 via checked.be.