Dewal: what changed
Dewal
Largest movements
- Receivables within one year -€13,778
down €13,778 (-41.7%), from €33,021 to €19,244
of which Trade receivables: -€15,149
- Tangible fixed assets +€10,166
up €10,166 (+282%), from €3,602 to €13,768
of which Furniture and vehicles: +€10,606
- Stocks and contracts +€7,443
up €7,443 (+23.2%), from €32,109 to €39,551
- Deferred charges and accrued income -€2,659
down €2,659 (-47.2%), from €5,633 to €2,974
- Cash +€820
new in 2025: €820
mainly Receivables within one year (+€13,778) and Other debts (+€5,519)
- Other debts +€5,519
up €5,519 (+14.3%), from €38,727 to €44,246
- Short-term financial debts -€5,504
no longer reported in 2025 (was €5,504)
- Trade debts +€5,255
up €5,255 (+21.3%), from €24,669 to €29,925
- Profit (loss) carried forward -€3,512
down €3,512 (-20.6%), from -€17,083 to -€20,595
- Gross operating margin +€14,941
up €14,941, from -€14,385 to €556
- Depreciation +€1,797
up €1,797 (+117%), from €1,540 to €3,338
- Financial charges +€384
up €384 (+106%), from €362 to €746
- Financial income +€339
up €339 (+103%), from €330 to €669
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,615 | €76,607 | +€1,992 | +2.7% |
| Fixed assets | 21/28 | €3,602 | €13,768 | +€10,166 | +282% |
| Tangible fixed assets | 22/27 | €3,602 | €13,768 | +€10,166 | +282% |
| Plant, machinery and equipment | 23 | €3,602 | €3,162 | -€440 | -12.2% |
| Furniture and vehicles | 24 | - | €10,606 | +€10,606 | |
| Current assets | 29/58 | €71,013 | €62,839 | -€8,174 | -11.5% |
| Stocks and contracts in progress | 3 | €32,109 | €39,551 | +€7,443 | +23.2% |
| Stocks | 30/36 | €32,109 | €39,551 | +€7,443 | +23.2% |
| Amounts receivable within one year | 40/41 | €33,021 | €19,244 | -€13,778 | -41.7% |
| Trade receivables | 40 | €30,364 | €15,216 | -€15,149 | -49.9% |
| Other amounts receivable | 41 | €2,657 | €4,028 | +€1,371 | +51.6% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €820 | +€820 | |
| Deferred charges and accrued income | 490/1 | €5,633 | €2,974 | -€2,659 | -47.2% |
| Total equity and liabilities | 10/49 | €74,615 | €76,607 | +€1,992 | +2.7% |
| Equity | 10/15 | €4,815 | €1,302 | -€3,512 | -73.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,305 | €3,305 | = | 0.0% |
| Distributable reserves | 133 | €3,305 | €3,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,083 | -€20,595 | -€3,512 | -20.6% |
| Amounts payable | 17/49 | €69,800 | €75,305 | +€5,505 | +7.9% |
| Amounts payable within one year | 42/48 | €69,800 | €75,011 | +€5,210 | +7.5% |
| Financial debts | 43 | €5,504 | - | -€5,504 | |
| Credit institutions | 430/8 | €5,504 | - | -€5,504 | |
| Trade debts | 44 | €24,669 | €29,925 | +€5,255 | +21.3% |
| Suppliers | 440/4 | €24,669 | €29,925 | +€5,255 | +21.3% |
| Taxes, remuneration and social security | 45 | €900 | €840 | -€60 | -6.7% |
| Taxes | 450/3 | €900 | €840 | -€60 | -6.7% |
| Other amounts payable | 47/48 | €38,727 | €44,246 | +€5,519 | +14.3% |
| Accrued charges and deferred income | 492/3 | - | €294 | +€294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,540 | €3,338 | +€1,797 | +117% |
| Other operating charges | 640/8 | €636 | €654 | +€19 | +2.9% |
| Gross operating margin | 9900 | -€14,385 | €556 | +€14,941 | |
| Operating profit (loss) | 9901 | -€16,561 | -€3,436 | +€13,125 | +79.3% |
| Financial income | 75/76B | €330 | €669 | +€339 | +103% |
| Recurring financial income | 75 | €330 | €669 | +€339 | +103% |
| Financial charges | 65/66B | €362 | €746 | +€384 | +106% |
| Recurring financial charges | 65 | €362 | €746 | +€384 | +106% |
| Profit (loss) for the period before taxes | 9903 | -€16,593 | -€3,512 | +€13,080 | +78.8% |
| Profit (loss) for the period | 9904 | -€16,593 | -€3,512 | +€13,080 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,593 | -€3,512 | +€13,080 | +78.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.