DEWAC: 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.
DEWAC
Largest movements
- Cash +€16,171
up €16,171 (+93.0%), from €17,379 to €33,550
mainly Net result for the year (+€13,358) and Depreciation (+€10,731)
- Receivables within one year +€11,157
up €11,157 (+243%), from €4,588 to €15,744
of which Trade receivables: +€11,269
- Stocks and contracts -€8,950
down €8,950 (-9.2%), from €97,500 to €88,550
- Tangible fixed assets -€8,731
down €8,731 (-25.7%), from €33,909 to €25,179
of which Furniture and vehicles: -€8,231
- Intangible fixed assets -€2,000
down €2,000 (-25.5%), from €7,833 to €5,833
- Debts after one year -€19,914
down €19,914 (-20.6%), from €96,733 to €76,819
- Reserves +€13,358
up €13,358 (+222%), from €6,012 to €19,370
- Tax, wage and social debts +€7,067
up €7,067 (+202%), from €3,501 to €10,568
of which Taxes: +€5,767
- Trade debts +€3,710
up €3,710 (+36.1%), from €10,286 to €13,997
- Current portion of long-term debt +€1,928
up €1,928 (+10.1%), from €19,102 to €21,030
- Gross operating margin +€10,194
up €10,194 (+47.5%), from €21,482 to €31,677
- Depreciation +€2,553
up €2,553 (+31.2%), from €8,178 to €10,731
- Taxes +€1,697
up €1,697 (+87.3%), from €1,943 to €3,640
- Financial income +€1,111
up €1,111 (+350%), from €317 to €1,428
- Financial charges -€783
down €783 (-14.3%), from €5,487 to €4,704
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.
Derived cash bridge
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 | €163,210 | €168,856 | +€5,647 | +3.5% |
| Fixed assets | 21/28 | €41,743 | €31,012 | -€10,731 | -25.7% |
| Intangible fixed assets | 21 | €7,833 | €5,833 | -€2,000 | -25.5% |
| Tangible fixed assets | 22/27 | €33,909 | €25,179 | -€8,731 | -25.7% |
| Plant, machinery and equipment | 23 | €1,958 | €1,458 | -€500 | -25.5% |
| Furniture and vehicles | 24 | €31,951 | €23,720 | -€8,231 | -25.8% |
| Current assets | 29/58 | €121,467 | €137,844 | +€16,377 | +13.5% |
| Stocks and contracts in progress | 3 | €97,500 | €88,550 | -€8,950 | -9.2% |
| Stocks | 30/36 | €97,500 | €88,550 | -€8,950 | -9.2% |
| Amounts receivable within one year | 40/41 | €4,588 | €15,744 | +€11,157 | +243% |
| Trade receivables | 40 | €4,085 | €15,354 | +€11,269 | +276% |
| Other amounts receivable | 41 | €502 | €390 | -€112 | -22.3% |
| Cash at bank and in hand | 54/58 | €17,379 | €33,550 | +€16,171 | +93.0% |
| Deferred charges and accrued income | 490/1 | €2,000 | - | -€2,000 | |
| Total equity and liabilities | 10/49 | €163,210 | €168,856 | +€5,647 | +3.5% |
| Equity | 10/15 | €16,012 | €29,370 | +€13,358 | +83.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €6,012 | €19,370 | +€13,358 | +222% |
| Distributable reserves | 133 | €6,012 | €19,370 | +€13,358 | +222% |
| Amounts payable | 17/49 | €147,198 | €139,487 | -€7,711 | -5.2% |
| Amounts payable after more than one year | 17 | €96,733 | €76,819 | -€19,914 | -20.6% |
| Financial debts | 170/4 | €96,733 | €76,819 | -€19,914 | -20.6% |
| Amounts payable within one year | 42/48 | €50,465 | €62,668 | +€12,203 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €19,102 | €21,030 | +€1,928 | +10.1% |
| Trade debts | 44 | €10,286 | €13,997 | +€3,710 | +36.1% |
| Suppliers | 440/4 | €10,286 | €13,997 | +€3,710 | +36.1% |
| Taxes, remuneration and social security | 45 | €3,501 | €10,568 | +€7,067 | +202% |
| Taxes | 450/3 | €3,501 | €9,268 | +€5,767 | +165% |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €17,576 | €17,073 | -€503 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,178 | €10,731 | +€2,553 | +31.2% |
| Other operating charges | 640/8 | €180 | €672 | +€492 | +273% |
| Gross operating margin | 9900 | €21,482 | €31,677 | +€10,194 | +47.5% |
| Operating profit (loss) | 9901 | €13,125 | €20,274 | +€7,150 | +54.5% |
| Financial income | 75/76B | €317 | €1,428 | +€1,111 | +350% |
| Recurring financial income | 75 | €317 | €1,428 | +€1,111 | +350% |
| Financial charges | 65/66B | €5,487 | €4,704 | -€783 | -14.3% |
| Recurring financial charges | 65 | €5,487 | €4,704 | -€783 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €7,955 | €16,998 | +€9,043 | +114% |
| Income taxes | 67/77 | €1,943 | €3,640 | +€1,697 | +87.3% |
| Profit (loss) for the period | 9904 | €6,012 | €13,358 | +€7,346 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €6,012 | €13,358 | +€7,346 | +122% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.