DEWA: 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.
DEWA
Largest movements
- Stocks and contracts +€126,069
up €126,069 (+80.2%), from €157,225 to €283,294
- Cash -€41,393
down €41,393 (-77.2%), from €53,647 to €12,254
mainly Stocks and contracts (-€126,069) and Receivables within one year (-€21,547)
- Tangible fixed assets -€29,692
down €29,692 (-4.8%), from €620,074 to €590,383
- Receivables within one year +€21,547
up €21,547 (+263.4%), from €8,182 to €29,729
of which Other amounts receivable: +€11,621
- Debts after one year +€62,018
up €62,018 (+15.1%), from €410,395 to €472,412
of which Financial debts: +€62,018
- Trade debts -€18,266
down €18,266 (-79.3%), from €23,021 to €4,755
- Profit (loss) carried forward +€15,898
up €15,898 (+6.9%), from €231,130 to €247,028
- Current portion of long-term debt +€10,000
up €10,000 (+38.0%), from €26,316 to €36,316
- Gross operating margin -€16,125
down €16,125 (-15.8%), from €102,060 to €85,934
- Taxes -€2,994
down €2,994 (-25.1%), from €11,911 to €8,917
- Depreciation +€2,970
up €2,970 (+10.3%), from €28,722 to €31,692
- Staff costs +€2,215
new in 2024: €2,215
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €842,763 | €919,800 | +€77,036 | +9.1% |
| Fixed assets | 21/28 | €620,844 | €591,153 | -€29,692 | -4.8% |
| Tangible fixed assets | 22/27 | €620,074 | €590,383 | -€29,692 | -4.8% |
| Land and buildings | 22 | €556,322 | €547,240 | -€9,083 | -1.6% |
| Plant, machinery and equipment | 23 | €24,277 | €15,789 | -€8,488 | -35.0% |
| Furniture and vehicles | 24 | €11,748 | €12,763 | +€1,015 | +8.6% |
| Other tangible fixed assets | 26 | €27,727 | €14,591 | -€13,135 | -47.4% |
| Financial fixed assets | 28 | €770 | €770 | = | 0.0% |
| Current assets | 29/58 | €221,919 | €328,647 | +€106,728 | +48.1% |
| Stocks and contracts in progress | 3 | €157,225 | €283,294 | +€126,069 | +80.2% |
| Stocks | 30/36 | €157,225 | €283,294 | +€126,069 | +80.2% |
| Amounts receivable within one year | 40/41 | €8,182 | €29,729 | +€21,547 | +263.4% |
| Trade receivables | 40 | - | €9,926 | +€9,926 | |
| Other amounts receivable | 41 | €8,182 | €19,803 | +€11,621 | +142.0% |
| Cash at bank and in hand | 54/58 | €53,647 | €12,254 | -€41,393 | -77.2% |
| Deferred charges and accrued income | 490/1 | €2,865 | €3,370 | +€506 | +17.6% |
| Total equity and liabilities | 10/49 | €842,763 | €919,800 | +€77,036 | +9.1% |
| Equity | 10/15 | €309,550 | €325,448 | +€15,898 | +5.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €16,447 | €16,447 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €10,250 | €10,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,130 | €247,028 | +€15,898 | +6.9% |
| Amounts payable | 17/49 | €533,213 | €594,352 | +€61,139 | +11.5% |
| Amounts payable after more than one year | 17 | €410,395 | €472,412 | +€62,018 | +15.1% |
| Financial debts | 170/4 | €407,895 | €469,912 | +€62,018 | +15.2% |
| Other amounts payable | 178/9 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,181 | €111,324 | -€9,856 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €26,316 | €36,316 | +€10,000 | +38.0% |
| Trade debts | 44 | €23,021 | €4,755 | -€18,266 | -79.3% |
| Suppliers | 440/4 | €23,021 | €4,755 | -€18,266 | -79.3% |
| Taxes, remuneration and social security | 45 | €9,456 | €5,254 | -€4,202 | -44.4% |
| Taxes | 450/3 | €9,456 | €5,203 | -€4,254 | -45.0% |
| Remuneration and social security | 454/9 | - | €51 | +€51 | |
| Other amounts payable | 47/48 | €62,388 | €65,000 | +€2,612 | +4.2% |
| Accrued charges and deferred income | 492/3 | €1,638 | €10,615 | +€8,977 | +548.1% |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | - | €2,215 | +€2,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,722 | €31,692 | +€2,970 | +10.3% |
| Other operating charges | 640/8 | €4,797 | €5,206 | +€409 | +8.5% |
| Non-recurring operating charges | 66A | €5,500 | €13,000 | +€7,500 | +136.4% |
| Gross operating margin | 9900 | €102,060 | €85,934 | -€16,125 | -15.8% |
| Operating profit (loss) | 9901 | €63,041 | €33,822 | -€29,219 | -46.3% |
| Financial income | 75/76B | €9 | €42 | +€34 | +395.0% |
| Recurring financial income | 75 | €9 | €42 | +€34 | +395.0% |
| Financial charges | 65/66B | €8,518 | €9,050 | +€531 | +6.2% |
| Recurring financial charges | 65 | €8,518 | €9,050 | +€531 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €54,532 | €24,815 | -€29,717 | -54.5% |
| Income taxes | 67/77 | €11,911 | €8,917 | -€2,994 | -25.1% |
| Profit (loss) for the period | 9904 | €42,621 | €15,898 | -€26,723 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,621 | €15,898 | -€26,723 | -62.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.