DEWACHTER-DEWACHTER: 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.
DEWACHTER-DEWACHTER
Largest movements
- Tangible fixed assets +€15,959
up €15,959 (+79.7%), from €20,032 to €35,991
of which Land and buildings: +€18,304
- Receivables within one year -€13,947
down €13,947 (-25.9%), from €53,894 to €39,947
of which Other amounts receivable: -€16,280
- Cash +€10,296
up €10,296 (+95.3%), from €10,802 to €21,098
mainly Receivables within one year (+€13,947) and Net result for the year (+€12,766)
- Deferred charges and accrued income +€2,858
up €2,858, from €0 to €2,858
- Stocks and contracts -€2,740
down €2,740 (-15.3%), from €17,860 to €15,120
- Current portion of long-term debt -€13,210
down €13,210 (-91.6%), from €14,429 to €1,219
- Reserves +€12,766
up €12,766 (+37.1%), from €34,450 to €47,216
- Tax, wage and social debts +€10,174
up €10,174 (+60.3%), from €16,864 to €27,038
of which Taxes: +€8,554
- Trade debts +€2,315
up €2,315 (+8.6%), from €26,830 to €29,144
- Other debts +€1,600
new in 2025: €1,600
- Staff costs +€6,147
up €6,147 (+9.5%), from €64,504 to €70,652
- Depreciation +€3,996
up €3,996 (+127%), from €3,145 to €7,141
- Other operating charges -€3,435
down €3,435 (-61.1%), from €5,622 to €2,187
- Financial charges +€2,536
up €2,536 (+175%), from €1,452 to €3,988
- Financial income +€2,383
up €2,383 (+35,404%), from €7 to €2,389
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 | €110,474 | €122,900 | +€12,426 | +11.2% |
| Fixed assets | 21/28 | €27,918 | €43,877 | +€15,959 | +57.2% |
| Tangible fixed assets | 22/27 | €20,032 | €35,991 | +€15,959 | +79.7% |
| Land and buildings | 22 | €13,961 | €32,264 | +€18,304 | +131% |
| Plant, machinery and equipment | 23 | €2,040 | €1,086 | -€954 | -46.8% |
| Furniture and vehicles | 24 | €4,031 | €2,641 | -€1,390 | -34.5% |
| Financial fixed assets | 28 | €7,886 | €7,886 | = | 0.0% |
| Current assets | 29/58 | €82,556 | €79,023 | -€3,533 | -4.3% |
| Stocks and contracts in progress | 3 | €17,860 | €15,120 | -€2,740 | -15.3% |
| Stocks | 30/36 | €17,860 | €15,120 | -€2,740 | -15.3% |
| Amounts receivable within one year | 40/41 | €53,894 | €39,947 | -€13,947 | -25.9% |
| Trade receivables | 40 | €0 | €2,332 | +€2,332 | |
| Other amounts receivable | 41 | €53,894 | €37,615 | -€16,280 | -30.2% |
| Cash at bank and in hand | 54/58 | €10,802 | €21,098 | +€10,296 | +95.3% |
| Deferred charges and accrued income | 490/1 | €0 | €2,858 | +€2,858 | |
| Total equity and liabilities | 10/49 | €110,474 | €122,900 | +€12,426 | +11.2% |
| Equity | 10/15 | €51,133 | €63,899 | +€12,766 | +25.0% |
| Contributions | 10/11 | €16,683 | €16,683 | = | 0.0% |
| Reserves | 13 | €34,450 | €47,216 | +€12,766 | +37.1% |
| Distributable reserves | 133 | €34,450 | €47,216 | +€12,766 | +37.1% |
| Amounts payable | 17/49 | €59,341 | €59,001 | -€340 | -0.6% |
| Amounts payable after more than one year | 17 | €1,219 | €0 | -€1,219 | -100% |
| Financial debts | 170/4 | €1,219 | €0 | -€1,219 | -100% |
| Amounts payable within one year | 42/48 | €58,122 | €59,001 | +€879 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €14,429 | €1,219 | -€13,210 | -91.6% |
| Trade debts | 44 | €26,830 | €29,144 | +€2,315 | +8.6% |
| Suppliers | 440/4 | €26,830 | €29,144 | +€2,315 | +8.6% |
| Taxes, remuneration and social security | 45 | €16,864 | €27,038 | +€10,174 | +60.3% |
| Taxes | 450/3 | €13,279 | €21,832 | +€8,554 | +64.4% |
| Remuneration and social security | 454/9 | €3,585 | €5,206 | +€1,621 | +45.2% |
| Other amounts payable | 47/48 | - | €1,600 | +€1,600 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €64,504 | €70,652 | +€6,147 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,145 | €7,141 | +€3,996 | +127% |
| Other operating charges | 640/8 | €5,622 | €2,187 | -€3,435 | -61.1% |
| Gross operating margin | 9900 | €104,973 | €107,312 | +€2,339 | +2.2% |
| Operating profit (loss) | 9901 | €31,702 | €27,333 | -€4,369 | -13.8% |
| Financial income | 75/76B | €7 | €2,389 | +€2,383 | +35,404% |
| Recurring financial income | 75 | €7 | €2,389 | +€2,383 | +35,404% |
| Financial charges | 65/66B | €1,452 | €3,988 | +€2,536 | +175% |
| Recurring financial charges | 65 | €1,452 | €3,988 | +€2,536 | +175% |
| Profit (loss) for the period before taxes | 9903 | €30,256 | €25,734 | -€4,522 | -14.9% |
| Income taxes | 67/77 | €12,431 | €12,968 | +€537 | +4.3% |
| Profit (loss) for the period | 9904 | €17,825 | €12,766 | -€5,059 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,825 | €12,766 | -€5,059 | -28.4% |
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 22 October 2026 via checked.be.