DEWAELE HENRI: 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 HENRI
Largest movements
- Receivables within one year -€89,117
down €89,117 (-22.3%), from €399,824 to €310,708
of which Trade receivables: -€90,185
- Cash -€42,181
down €42,181 (-81.9%), from €51,519 to €9,339
mainly Trade debts (-€188,928) and Contributions, distributions and other (-€152,857)
- Stocks and contracts +€37,800
up €37,800 (+6.3%), from €599,329 to €637,130
- Tangible fixed assets -€31,128
down €31,128 (-4.6%), from €674,983 to €643,855
- Trade debts -€188,928
down €188,928 (-88.2%), from €214,207 to €25,279
- Debts after one year +€148,092
up €148,092 (+94.9%), from €156,114 to €304,206
- Other debts -€137,904
down €137,904 (-45.5%), from €303,104 to €165,200
- Reserves +€25,410
up €25,410 (+4.3%), from €587,271 to €612,681
- Gross operating margin -€80,571
down €80,571 (-9.5%), from €846,295 to €765,724
- Staff costs +€25,205
up €25,205 (+5.5%), from €458,037 to €483,243
- Depreciation +€18,883
up €18,883 (+54.4%), from €34,713 to €53,596
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 | €1,737,767 | €1,612,404 | -€125,363 | -7.2% |
| Fixed assets | 21/28 | €686,841 | €652,380 | -€34,462 | -5.0% |
| Intangible fixed assets | 21 | €9,108 | €5,775 | -€3,333 | -36.6% |
| Tangible fixed assets | 22/27 | €674,983 | €643,855 | -€31,128 | -4.6% |
| Land and buildings | 22 | €544,581 | €529,065 | -€15,516 | -2.8% |
| Plant, machinery and equipment | 23 | €11,211 | €9,695 | -€1,516 | -13.5% |
| Furniture and vehicles | 24 | €119,191 | €105,095 | -€14,096 | -11.8% |
| Financial fixed assets | 28 | €2,750 | €2,750 | = | 0.0% |
| Current assets | 29/58 | €1,050,925 | €960,024 | -€90,901 | -8.6% |
| Stocks and contracts in progress | 3 | €599,329 | €637,130 | +€37,800 | +6.3% |
| Stocks | 30/36 | €599,329 | €637,130 | +€37,800 | +6.3% |
| Amounts receivable within one year | 40/41 | €399,824 | €310,708 | -€89,117 | -22.3% |
| Trade receivables | 40 | €398,379 | €308,195 | -€90,185 | -22.6% |
| Other amounts receivable | 41 | €1,445 | €2,513 | +€1,068 | +73.9% |
| Cash at bank and in hand | 54/58 | €51,519 | €9,339 | -€42,181 | -81.9% |
| Deferred charges and accrued income | 490/1 | €252 | €2,848 | +€2,596 | +1,030% |
| Total equity and liabilities | 10/49 | €1,737,767 | €1,612,404 | -€125,363 | -7.2% |
| Equity | 10/15 | €892,497 | €917,907 | +€25,410 | +2.8% |
| Contributions | 10/11 | €305,226 | €305,226 | = | 0.0% |
| Reserves | 13 | €587,271 | €612,681 | +€25,410 | +4.3% |
| Distributable reserves | 133 | €587,271 | €612,681 | +€25,410 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €845,270 | €694,497 | -€150,773 | -17.8% |
| Amounts payable after more than one year | 17 | €156,114 | €304,206 | +€148,092 | +94.9% |
| Financial debts | 170/4 | €156,114 | €304,206 | +€148,092 | +94.9% |
| Amounts payable within one year | 42/48 | €689,156 | €390,291 | -€298,865 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €98,009 | €104,120 | +€6,111 | +6.2% |
| Financial debts | 43 | - | €8,387 | +€8,387 | |
| Credit institutions | 430/8 | - | €8,387 | +€8,387 | |
| Trade debts | 44 | €214,207 | €25,279 | -€188,928 | -88.2% |
| Suppliers | 440/4 | €214,207 | €25,279 | -€188,928 | -88.2% |
| Taxes, remuneration and social security | 45 | €73,836 | €87,304 | +€13,469 | +18.2% |
| Taxes | 450/3 | €19,727 | €30,453 | +€10,726 | +54.4% |
| Remuneration and social security | 454/9 | €54,109 | €56,852 | +€2,743 | +5.1% |
| Other amounts payable | 47/48 | €303,104 | €165,200 | -€137,904 | -45.5% |
| Non-recurring operating income | 76A | €4,500 | €3,913 | -€587 | -13.0% |
| Remuneration, social security and pensions | 62 | €458,037 | €483,243 | +€25,205 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,713 | €53,596 | +€18,883 | +54.4% |
| Other operating charges | 640/8 | €10,861 | €18,871 | +€8,010 | +73.8% |
| Gross operating margin | 9900 | €846,295 | €765,724 | -€80,571 | -9.5% |
| Operating profit (loss) | 9901 | €342,684 | €210,014 | -€132,669 | -38.7% |
| Financial income | 75/76B | €18,138 | €16,804 | -€1,334 | -7.4% |
| Recurring financial income | 75 | €18,138 | €16,804 | -€1,334 | -7.4% |
| Financial charges | 65/66B | €14,272 | €17,069 | +€2,797 | +19.6% |
| Recurring financial charges | 65 | €14,272 | €17,069 | +€2,797 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €346,550 | €209,749 | -€136,801 | -39.5% |
| Income taxes | 67/77 | €28,721 | €31,482 | +€2,761 | +9.6% |
| Profit (loss) for the period | 9904 | €317,829 | €178,267 | -€139,562 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €317,829 | €178,267 | -€139,562 | -43.9% |
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 19 October 2026 via checked.be.