DEWAEL RX: 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.
DEWAEL RX
Largest movements
- Cash +€229,156
up €229,156 (+243.4%), from €94,134 to €323,290
mainly Other debts (+€258,509) and Net result for the year (+€226,438)
- Financial fixed assets -€46,300
down €46,300 (-84.1%), from €55,075 to €8,775
- Tangible fixed assets -€21,101
down €21,101 (-37.9%), from €55,661 to €34,561
of which Furniture and vehicles: -€19,433
- Receivables within one year +€11,874
up €11,874 (+9.8%), from €121,464 to €133,338
of which Trade receivables: +€10,606
- Other debts +€258,509
up €258,509 (+141.3%), from €182,902 to €441,411
- Reserves -€89,573
down €89,573 (-99.6%), from €89,976 to €403
of which Distributable reserves: -€89,573
- Advances received +€25,000
new in 2025: €25,000
- Debts after one year -€11,846
no longer reported in 2025 (was €11,846)
- Current portion of long-term debt -€10,142
down €10,142 (-46.1%), from €21,988 to €11,846
- Financial income -€46,853
down €46,853 (-99.0%), from €47,342 to €489
- Gross operating margin +€18,675
up €18,675 (+6.1%), from €306,163 to €324,838
- Taxes +€13,949
up €13,949 (+22.5%), from €62,112 to €76,061
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 | €329,168 | €505,917 | +€176,750 | +53.7% |
| Fixed assets | 21/28 | €110,736 | €43,336 | -€67,401 | -60.9% |
| Tangible fixed assets | 22/27 | €55,661 | €34,561 | -€21,101 | -37.9% |
| Furniture and vehicles | 24 | €49,982 | €30,548 | -€19,433 | -38.9% |
| Other tangible fixed assets | 26 | €5,680 | €4,012 | -€1,667 | -29.4% |
| Financial fixed assets | 28 | €55,075 | €8,775 | -€46,300 | -84.1% |
| Current assets | 29/58 | €218,431 | €462,581 | +€244,150 | +111.8% |
| Amounts receivable within one year | 40/41 | €121,464 | €133,338 | +€11,874 | +9.8% |
| Trade receivables | 40 | €121,464 | €132,070 | +€10,606 | +8.7% |
| Other amounts receivable | 41 | - | €1,269 | +€1,269 | |
| Cash at bank and in hand | 54/58 | €94,134 | €323,290 | +€229,156 | +243.4% |
| Deferred charges and accrued income | 490/1 | €2,834 | €5,953 | +€3,119 | +110.1% |
| Total equity and liabilities | 10/49 | €329,168 | €505,917 | +€176,750 | +53.7% |
| Equity | 10/15 | €108,576 | €19,003 | -€89,573 | -82.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,976 | €403 | -€89,573 | -99.6% |
| Tax-exempt reserves | 132 | €403 | €403 | = | 0.0% |
| Distributable reserves | 133 | €89,573 | - | -€89,573 | |
| Amounts payable | 17/49 | €220,592 | €486,915 | +€266,323 | +120.7% |
| Amounts payable after more than one year | 17 | €11,846 | - | -€11,846 | |
| Financial debts | 170/4 | €11,846 | - | -€11,846 | |
| Amounts payable within one year | 42/48 | €208,746 | €486,915 | +€278,169 | +133.3% |
| Current portion of amounts payable after more than one year | 42 | €21,988 | €11,846 | -€10,142 | -46.1% |
| Trade debts | 44 | €3,056 | €3,381 | +€326 | +10.7% |
| Suppliers | 440/4 | €3,056 | €3,381 | +€326 | +10.7% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €799 | €5,276 | +€4,477 | +560.3% |
| Taxes | 450/3 | €799 | €1,372 | +€572 | +71.6% |
| Remuneration and social security | 454/9 | - | €3,905 | +€3,905 | |
| Other amounts payable | 47/48 | €182,902 | €441,411 | +€258,509 | +141.3% |
| Non-recurring operating income | 76A | €20,260 | - | -€20,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,320 | €21,520 | +€200 | +0.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €306,163 | €324,838 | +€18,675 | +6.1% |
| Operating profit (loss) | 9901 | €284,456 | €302,919 | +€18,463 | +6.5% |
| Financial income | 75/76B | €47,342 | €489 | -€46,853 | -99.0% |
| Recurring financial income | 75 | €47,342 | €489 | -€46,853 | -99.0% |
| Financial charges | 65/66B | €1,973 | €910 | -€1,063 | -53.9% |
| Recurring financial charges | 65 | €1,973 | €910 | -€1,063 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €329,825 | €302,499 | -€27,326 | -8.3% |
| Income taxes | 67/77 | €62,112 | €76,061 | +€13,949 | +22.5% |
| Profit (loss) for the period | 9904 | €267,713 | €226,438 | -€41,275 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €267,713 | €226,438 | -€41,275 | -15.4% |
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.