DEWAELE: 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.
DEWAELE
Largest movements
- Cash -€49,159
down €49,159 (-65.3%), from €75,331 to €26,173
mainly Net result for the year (-€51,549) and Debts after one year (-€21,667)
- Receivables within one year -€30,042
down €30,042 (-40.8%), from €73,636 to €43,594
of which Trade receivables: -€20,765
- Tangible fixed assets -€13,667
down €13,667 (-6.9%), from €199,247 to €185,581
of which Land and buildings: -€11,730
- Profit (loss) carried forward -€51,549
down €51,549 (-27.3%), from -€188,752 to -€240,301
- Debts after one year -€21,667
down €21,667 (-22.6%), from €95,695 to €74,029
- Trade debts -€11,534
down €11,534 (-45.4%), from €25,388 to €13,854
- Tax, wage and social debts -€8,061
down €8,061 (-94.5%), from €8,530 to €468
of which Taxes: -€6,061
- Staff costs -€53,285
down €53,285 (-98.4%), from €54,164 to €880
- Gross operating margin -€42,154
down €42,154, from €13,992 to -€28,162
- Write-downs -€3,981
down €3,981 (-92.0%), from €4,326 to €345
- Financial charges +€3,693
up €3,693 (+97.3%), from €3,795 to €7,488
- Other operating charges +€2,863
up €2,863 (+109%), from €2,625 to €5,487
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 | €362,560 | €269,749 | -€92,811 | -25.6% |
| Fixed assets | 21/28 | €199,247 | €185,581 | -€13,667 | -6.9% |
| Tangible fixed assets | 22/27 | €199,247 | €185,581 | -€13,667 | -6.9% |
| Land and buildings | 22 | €182,754 | €171,024 | -€11,730 | -6.4% |
| Plant, machinery and equipment | 23 | €16,493 | €14,557 | -€1,936 | -11.7% |
| Current assets | 29/58 | €163,313 | €84,168 | -€79,145 | -48.5% |
| Stocks and contracts in progress | 3 | €12,381 | €11,634 | -€747 | -6.0% |
| Stocks | 30/36 | €12,381 | €11,634 | -€747 | -6.0% |
| Amounts receivable within one year | 40/41 | €73,636 | €43,594 | -€30,042 | -40.8% |
| Trade receivables | 40 | €59,930 | €39,165 | -€20,765 | -34.6% |
| Other amounts receivable | 41 | €13,706 | €4,429 | -€9,277 | -67.7% |
| Cash at bank and in hand | 54/58 | €75,331 | €26,173 | -€49,159 | -65.3% |
| Deferred charges and accrued income | 490/1 | €1,965 | €2,768 | +€803 | +40.9% |
| Total equity and liabilities | 10/49 | €362,560 | €269,749 | -€92,811 | -25.6% |
| Equity | 10/15 | €211,280 | €159,731 | -€51,549 | -24.4% |
| Contributions | 10/11 | €380,000 | €380,000 | = | 0.0% |
| Reserves | 13 | €20,032 | €20,032 | = | 0.0% |
| Distributable reserves | 133 | €20,032 | €20,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,752 | -€240,301 | -€51,549 | -27.3% |
| Amounts payable | 17/49 | €151,280 | €110,018 | -€41,262 | -27.3% |
| Amounts payable after more than one year | 17 | €95,695 | €74,029 | -€21,667 | -22.6% |
| Financial debts | 170/4 | €95,695 | €74,029 | -€21,667 | -22.6% |
| Amounts payable within one year | 42/48 | €55,585 | €35,989 | -€19,596 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €21,667 | €21,667 | = | 0.0% |
| Trade debts | 44 | €25,388 | €13,854 | -€11,534 | -45.4% |
| Suppliers | 440/4 | €25,388 | €13,854 | -€11,534 | -45.4% |
| Taxes, remuneration and social security | 45 | €8,530 | €468 | -€8,061 | -94.5% |
| Taxes | 450/3 | €6,530 | €468 | -€6,061 | -92.8% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100% |
| Remuneration, social security and pensions | 62 | €54,164 | €880 | -€53,285 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,677 | €13,667 | -€2,011 | -12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,326 | €345 | -€3,981 | -92.0% |
| Other operating charges | 640/8 | €2,625 | €5,487 | +€2,863 | +109% |
| Gross operating margin | 9900 | €13,992 | -€28,162 | -€42,154 | |
| Operating profit (loss) | 9901 | -€62,800 | -€48,540 | +€14,259 | +22.7% |
| Financial income | 75/76B | €5,378 | €4,479 | -€899 | -16.7% |
| Recurring financial income | 75 | €5,378 | €4,479 | -€899 | -16.7% |
| Financial charges | 65/66B | €3,795 | €7,488 | +€3,693 | +97.3% |
| Recurring financial charges | 65 | €3,795 | €7,488 | +€3,693 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | -€61,217 | -€51,549 | +€9,667 | +15.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€61,217 | -€51,549 | +€9,667 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,217 | -€51,549 | +€9,667 | +15.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.