DEWAELE & ZONEN: 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 & ZONEN
Largest movements
- Tangible fixed assets -€19,668
down €19,668 (-25.6%), from €76,967 to €57,299
of which Furniture and vehicles: -€18,778
- Receivables within one year +€7,368
up €7,368 (+12.1%), from €60,642 to €68,010
of which Trade receivables: +€28,608
- Reserves -€75,105
down €75,105 (-18.4%), from €409,214 to €334,109
- Other debts +€61,061
up €61,061, from €0 to €61,061
- Tax, wage and social debts +€4,913
up €4,913, from €0 to €4,913
of which Taxes: +€4,913
- Gross operating margin +€20,490
up €20,490 (+14.8%), from €138,903 to €159,393
- Financial income -€6,562
down €6,562 (-74.0%), from €8,864 to €2,301
of which Financial income: -€6,562
- Other operating charges +€3,647
up €3,647 (+170%), from €2,147 to €5,794
- Taxes +€2,985
up €2,985 (+17.4%), from €17,111 to €20,097
- Staff costs +€2,955
up €2,955 (+4.9%), from €60,476 to €63,431
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 | €424,400 | €414,154 | -€10,246 | -2.4% |
| Fixed assets | 21/28 | €77,215 | €57,547 | -€19,668 | -25.5% |
| Tangible fixed assets | 22/27 | €76,967 | €57,299 | -€19,668 | -25.6% |
| Plant, machinery and equipment | 23 | €1,923 | €2,870 | +€947 | +49.3% |
| Furniture and vehicles | 24 | €72,604 | €53,827 | -€18,778 | -25.9% |
| Other tangible fixed assets | 26 | €2,440 | €603 | -€1,837 | -75.3% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €347,185 | €356,607 | +€9,422 | +2.7% |
| Stocks and contracts in progress | 3 | €25,750 | €23,500 | -€2,250 | -8.7% |
| Stocks | 30/36 | €25,750 | €23,500 | -€2,250 | -8.7% |
| Amounts receivable within one year | 40/41 | €60,642 | €68,010 | +€7,368 | +12.1% |
| Trade receivables | 40 | €36,259 | €64,867 | +€28,608 | +78.9% |
| Other amounts receivable | 41 | €24,383 | €3,143 | -€21,241 | -87.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €257,364 | €261,467 | +€4,103 | +1.6% |
| Deferred charges and accrued income | 490/1 | €3,429 | €3,630 | +€201 | +5.9% |
| Total equity and liabilities | 10/49 | €424,400 | €414,154 | -€10,246 | -2.4% |
| Equity | 10/15 | €415,414 | €340,309 | -€75,105 | -18.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €409,214 | €334,109 | -€75,105 | -18.4% |
| Distributable reserves | 133 | €409,214 | €334,109 | -€75,105 | -18.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,986 | €73,845 | +€64,859 | +722% |
| Amounts payable within one year | 42/48 | €8,986 | €73,845 | +€64,859 | +722% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €20 | €201 | +€181 | +908% |
| Credit institutions | 430/8 | €20 | €201 | +€181 | +908% |
| Trade debts | 44 | €8,966 | €7,669 | -€1,297 | -14.5% |
| Suppliers | 440/4 | €8,966 | €7,669 | -€1,297 | -14.5% |
| Taxes, remuneration and social security | 45 | €0 | €4,913 | +€4,913 | |
| Taxes | 450/3 | €0 | €4,913 | +€4,913 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €61,061 | +€61,061 | |
| Remuneration, social security and pensions | 62 | €60,476 | €63,431 | +€2,955 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,648 | €23,065 | -€1,583 | -6.4% |
| Other operating charges | 640/8 | €2,147 | €5,794 | +€3,647 | +170% |
| Gross operating margin | 9900 | €138,903 | €159,393 | +€20,490 | +14.8% |
| Operating profit (loss) | 9901 | €51,632 | €67,104 | +€15,472 | +30.0% |
| Financial income | 75/76B | €8,864 | €2,301 | -€6,562 | -74.0% |
| Recurring financial income | 75 | €8,864 | €2,301 | -€6,562 | -74.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,093 | €584 | -€509 | -46.6% |
| Recurring financial charges | 65 | €1,093 | €584 | -€509 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €59,402 | €68,820 | +€9,418 | +15.9% |
| Income taxes | 67/77 | €17,111 | €20,097 | +€2,985 | +17.4% |
| Profit (loss) for the period | 9904 | €42,291 | €48,724 | +€6,433 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,291 | €48,724 | +€6,433 | +15.2% |
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 21 October 2026 via checked.be.