DEWAELE PROJECTS: 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.
DEWAELE PROJECTS
Largest movements
- Cash +€48,408
up €48,408 (+26.7%), from €180,978 to €229,386
mainly Net result for the year (+€73,935) and Tax, wage and social debts (+€19,729)
- Receivables within one year +€15,066
up €15,066 (+63730.0%), from €24 to €15,089
of which Trade receivables: +€15,062
- Reserves +€73,935
up €73,935 (+79.0%), from €93,594 to €167,529
of which Distributable reserves: +€73,935
- Debts after one year -€29,733
down €29,733 (-52.8%), from €56,291 to €26,558
- Tax, wage and social debts +€19,729
up €19,729 (+118.1%), from €16,703 to €36,432
of which Taxes: +€22,018
- Gross operating margin +€35,465
up €35,465 (+47.3%), from €74,940 to €110,404
- Taxes +€10,855
up €10,855 (+57.2%), from €18,962 to €29,816
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 | €191,102 | €252,621 | +€61,520 | +32.2% |
| Fixed assets | 21/28 | €2,701 | €2,255 | -€446 | -16.5% |
| Tangible fixed assets | 22/27 | €1,501 | €1,055 | -€446 | -29.7% |
| Plant, machinery and equipment | 23 | €1,380 | €1,027 | -€354 | -25.6% |
| Furniture and vehicles | 24 | €120 | €28 | -€92 | -76.7% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €188,401 | €250,367 | +€61,966 | +32.9% |
| Amounts receivable within one year | 40/41 | €24 | €15,089 | +€15,066 | +63730.0% |
| Trade receivables | 40 | €8 | €15,070 | +€15,062 | +188275.1% |
| Other amounts receivable | 41 | €16 | €19 | +€4 | +24.0% |
| Cash at bank and in hand | 54/58 | €180,978 | €229,386 | +€48,408 | +26.7% |
| Deferred charges and accrued income | 490/1 | €7,399 | €5,891 | -€1,508 | -20.4% |
| Total equity and liabilities | 10/49 | €191,102 | €252,621 | +€61,520 | +32.2% |
| Equity | 10/15 | €112,194 | €186,129 | +€73,935 | +65.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,594 | €167,529 | +€73,935 | +79.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €93,594 | €167,529 | +€73,935 | +79.0% |
| Amounts payable | 17/49 | €78,908 | €66,492 | -€12,416 | -15.7% |
| Amounts payable after more than one year | 17 | €56,291 | €26,558 | -€29,733 | -52.8% |
| Other amounts payable | 178/9 | €56,291 | €26,558 | -€29,733 | -52.8% |
| Amounts payable within one year | 42/48 | €18,936 | €36,765 | +€17,828 | +94.1% |
| Trade debts | 44 | €2,234 | €333 | -€1,901 | -85.1% |
| Suppliers | 440/4 | €2,234 | €333 | -€1,901 | -85.1% |
| Taxes, remuneration and social security | 45 | €16,703 | €36,432 | +€19,729 | +118.1% |
| Taxes | 450/3 | €11,301 | €33,318 | +€22,018 | +194.8% |
| Remuneration and social security | 454/9 | €5,402 | €3,114 | -€2,289 | -42.4% |
| Accrued charges and deferred income | 492/3 | €3,681 | €3,170 | -€511 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €855 | €446 | -€408 | -47.8% |
| Other operating charges | 640/8 | €3,006 | €2,794 | -€213 | -7.1% |
| Gross operating margin | 9900 | €74,940 | €110,404 | +€35,465 | +47.3% |
| Operating profit (loss) | 9901 | €71,079 | €107,165 | +€36,086 | +50.8% |
| Financial income | 75/76B | €6 | €17 | +€10 | +162.0% |
| Recurring financial income | 75 | €6 | €17 | +€10 | +162.0% |
| Financial charges | 65/66B | €4,077 | €3,430 | -€647 | -15.9% |
| Recurring financial charges | 65 | €4,077 | €3,430 | -€647 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €67,009 | €103,752 | +€36,743 | +54.8% |
| Income taxes | 67/77 | €18,962 | €29,816 | +€10,855 | +57.2% |
| Profit (loss) for the period | 9904 | €48,047 | €73,935 | +€25,888 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,047 | €73,935 | +€25,888 | +53.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.