DEWAELE TECHNICAL AGENCIES: 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 TECHNICAL AGENCIES
Largest movements
- Receivables within one year +€77,120
up €77,120 (+28.8%), from €267,857 to €344,977
of which Trade receivables: +€85,765
- Tangible fixed assets -€33,362
down €33,362 (-30.7%), from €108,831 to €75,469
of which Furniture and vehicles: -€25,803
- Cash -€29,488
down €29,488 (-61.5%), from €47,975 to €18,487
mainly Receivables within one year (-€77,120) and Debts after one year (-€21,653)
- Financial fixed assets +€7,580
up €7,580 (+48.7%), from €15,568 to €23,148
- Intangible fixed assets +€6,678
new in 2025: €6,678
- Trade debts +€44,545
up €44,545 (+24.7%), from €180,319 to €224,864
- Debts after one year -€21,653
down €21,653 (-50.0%), from €43,336 to €21,683
- Gross operating margin +€38,763
up €38,763 (+21.5%), from €180,383 to €219,146
- Financial charges -€6,088
down €6,088 (-24.3%), from €25,034 to €18,946
- Staff costs +€6,069
up €6,069 (+3.7%), from €166,102 to €172,171
- Financial income +€3,724
up €3,724 (+940%), from €396 to €4,120
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 | €465,288 | €485,236 | +€19,948 | +4.3% |
| Formation expenses | 20 | €87 | €0 | -€87 | -100% |
| Fixed assets | 21/28 | €124,399 | €105,295 | -€19,104 | -15.4% |
| Intangible fixed assets | 21 | - | €6,678 | +€6,678 | |
| Tangible fixed assets | 22/27 | €108,831 | €75,469 | -€33,362 | -30.7% |
| Plant, machinery and equipment | 23 | €27,261 | €20,300 | -€6,961 | -25.5% |
| Furniture and vehicles | 24 | €77,428 | €51,625 | -€25,803 | -33.3% |
| Other tangible fixed assets | 26 | €4,142 | €3,543 | -€599 | -14.4% |
| Financial fixed assets | 28 | €15,568 | €23,148 | +€7,580 | +48.7% |
| Current assets | 29/58 | €340,802 | €379,941 | +€39,139 | +11.5% |
| Stocks and contracts in progress | 3 | €18,150 | €12,225 | -€5,924 | -32.6% |
| Stocks | 30/36 | €18,150 | €12,225 | -€5,924 | -32.6% |
| Amounts receivable within one year | 40/41 | €267,857 | €344,977 | +€77,120 | +28.8% |
| Trade receivables | 40 | €179,763 | €265,529 | +€85,765 | +47.7% |
| Other amounts receivable | 41 | €88,094 | €79,448 | -€8,645 | -9.8% |
| Cash at bank and in hand | 54/58 | €47,975 | €18,487 | -€29,488 | -61.5% |
| Deferred charges and accrued income | 490/1 | €6,820 | €4,251 | -€2,569 | -37.7% |
| Total equity and liabilities | 10/49 | €465,288 | €485,236 | +€19,948 | +4.3% |
| Equity | 10/15 | €53,149 | €49,835 | -€3,314 | -6.2% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €42,410 | €42,410 | = | 0.0% |
| Distributable reserves | 133 | €42,410 | €42,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,261 | -€10,575 | -€3,314 | -45.6% |
| Amounts payable | 17/49 | €412,139 | €435,402 | +€23,262 | +5.6% |
| Amounts payable after more than one year | 17 | €43,336 | €21,683 | -€21,653 | -50.0% |
| Financial debts | 170/4 | €43,336 | €21,683 | -€21,653 | -50.0% |
| Amounts payable within one year | 42/48 | €368,508 | €412,343 | +€43,835 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €21,652 | €21,652 | +€1 | 0.0% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €180,319 | €224,864 | +€44,545 | +24.7% |
| Suppliers | 440/4 | €180,319 | €224,864 | +€44,545 | +24.7% |
| Advances received on contracts in progress | 46 | €20,464 | €18,038 | -€2,426 | -11.9% |
| Taxes, remuneration and social security | 45 | €44,080 | €46,090 | +€2,010 | +4.6% |
| Taxes | 450/3 | €19,932 | €24,830 | +€4,899 | +24.6% |
| Remuneration and social security | 454/9 | €24,149 | €21,260 | -€2,889 | -12.0% |
| Other amounts payable | 47/48 | €1,994 | €1,698 | -€296 | -14.8% |
| Accrued charges and deferred income | 492/3 | €296 | €1,376 | +€1,080 | +365% |
| Remuneration, social security and pensions | 62 | €166,102 | €172,171 | +€6,069 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,495 | €34,049 | -€1,446 | -4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €894 | - | -€894 | |
| Other operating charges | 640/8 | €1,931 | €1,021 | -€910 | -47.1% |
| Gross operating margin | 9900 | €180,383 | €219,146 | +€38,763 | +21.5% |
| Operating profit (loss) | 9901 | -€24,039 | €11,904 | +€35,943 | |
| Financial income | 75/76B | €396 | €4,120 | +€3,724 | +940% |
| Recurring financial income | 75 | €396 | €4,120 | +€3,724 | +940% |
| Financial charges | 65/66B | €25,034 | €18,946 | -€6,088 | -24.3% |
| Recurring financial charges | 65 | €25,034 | €18,946 | -€6,088 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€48,677 | -€2,922 | +€45,755 | +94.0% |
| Income taxes | 67/77 | €454 | €392 | -€61 | -13.5% |
| Profit (loss) for the period | 9904 | -€49,130 | -€3,314 | +€45,816 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,130 | -€3,314 | +€45,816 | +93.3% |
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.