DEWA technics: 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 technics
Largest movements
- Financial fixed assets +€97,684
new in 2025: €97,684
- Tangible fixed assets -€17,665
down €17,665 (-17.9%), from €98,654 to €80,989
of which Furniture and vehicles: -€16,847
- Receivables within one year -€2,220
down €2,220 (-12.7%), from €17,440 to €15,220
- Reserves +€29,008
up €29,008 (+52.7%), from €55,032 to €84,040
- Current portion of long-term debt +€23,523
up €23,523 (+175.5%), from €13,407 to €36,930
- Debts after one year +€16,519
up €16,519 (+28.1%), from €58,716 to €75,234
- Trade debts +€3,944
up €3,944 (+164.4%), from €2,400 to €6,344
- Tax, wage and social debts +€3,354
up €3,354 (+155.5%), from €2,157 to €5,511
of which Remuneration and social security: +€2,406
- Depreciation +€17,335
up €17,335 (+154.2%), from €11,242 to €28,577
- Gross operating margin +€7,371
up €7,371 (+10.7%), from €68,814 to €76,185
- Financial charges +€4,164
up €4,164 (+409.0%), from €1,018 to €5,182
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 | €140,328 | €219,268 | +€78,940 | +56.3% |
| Fixed assets | 21/28 | €98,654 | €178,673 | +€80,019 | +81.1% |
| Tangible fixed assets | 22/27 | €98,654 | €80,989 | -€17,665 | -17.9% |
| Plant, machinery and equipment | 23 | €4,067 | €3,249 | -€818 | -20.1% |
| Furniture and vehicles | 24 | €94,587 | €77,740 | -€16,847 | -17.8% |
| Financial fixed assets | 28 | - | €97,684 | +€97,684 | |
| Current assets | 29/58 | €41,674 | €40,595 | -€1,079 | -2.6% |
| Amounts receivable within one year | 40/41 | €17,440 | €15,220 | -€2,220 | -12.7% |
| Trade receivables | 40 | €17,440 | €15,220 | -€2,220 | -12.7% |
| Cash at bank and in hand | 54/58 | €20,316 | €21,482 | +€1,166 | +5.7% |
| Deferred charges and accrued income | 490/1 | €3,919 | €3,893 | -€26 | -0.7% |
| Total equity and liabilities | 10/49 | €140,328 | €219,268 | +€78,940 | +56.3% |
| Equity | 10/15 | €60,032 | €89,040 | +€29,008 | +48.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €55,032 | €84,040 | +€29,008 | +52.7% |
| Distributable reserves | 133 | €55,032 | €84,040 | +€29,008 | +52.7% |
| Amounts payable | 17/49 | €80,296 | €130,228 | +€49,932 | +62.2% |
| Amounts payable after more than one year | 17 | €58,716 | €75,234 | +€16,519 | +28.1% |
| Financial debts | 170/4 | €58,716 | €75,234 | +€16,519 | +28.1% |
| Amounts payable within one year | 42/48 | €21,580 | €54,657 | +€33,077 | +153.3% |
| Current portion of amounts payable after more than one year | 42 | €13,407 | €36,930 | +€23,523 | +175.5% |
| Trade debts | 44 | €2,400 | €6,344 | +€3,944 | +164.4% |
| Suppliers | 440/4 | €2,400 | €6,344 | +€3,944 | +164.4% |
| Taxes, remuneration and social security | 45 | €2,157 | €5,511 | +€3,354 | +155.5% |
| Taxes | 450/3 | €2,157 | €3,105 | +€948 | +43.9% |
| Remuneration and social security | 454/9 | - | €2,406 | +€2,406 | |
| Other amounts payable | 47/48 | €3,617 | €5,873 | +€2,256 | +62.4% |
| Accrued charges and deferred income | 492/3 | - | €336 | +€336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,242 | €28,577 | +€17,335 | +154.2% |
| Other operating charges | 640/8 | €690 | €863 | +€173 | +25.0% |
| Gross operating margin | 9900 | €68,814 | €76,185 | +€7,371 | +10.7% |
| Operating profit (loss) | 9901 | €56,882 | €46,744 | -€10,137 | -17.8% |
| Financial charges | 65/66B | €1,018 | €5,182 | +€4,164 | +409.0% |
| Recurring financial charges | 65 | €1,018 | €5,182 | +€4,164 | +409.0% |
| Profit (loss) for the period before taxes | 9903 | €55,864 | €41,562 | -€14,301 | -25.6% |
| Income taxes | 67/77 | €12,999 | €12,554 | -€445 | -3.4% |
| Profit (loss) for the period | 9904 | €42,865 | €29,008 | -€13,857 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,865 | €29,008 | -€13,857 | -32.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.