DEWALHEYNS GEERT: 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.
DEWALHEYNS GEERT
Largest movements
- Receivables within one year -€31,742
down €31,742 (-24.8%), from €128,157 to €96,415
of which Trade receivables: -€17,222
- Receivables after one year -€19,000
down €19,000 (-26.0%), from €73,180 to €54,180
- Cash -€14,856
no longer reported in 2025 (was €14,856)
mainly Contributions, distributions and other (-€40,505) and Debts after one year (-€21,421)
- Tangible fixed assets -€10,566
down €10,566 (-6.3%), from €167,129 to €156,562
of which Land and buildings: -€11,800
- Financial fixed assets +€5,349
up €5,349 (+44.2%), from €12,099 to €17,448
- Reserves -€32,284
down €32,284 (-33.9%), from €95,163 to €62,880
- Debts after one year -€21,421
down €21,421 (-17.5%), from €122,298 to €100,877
- Trade debts -€21,241
down €21,241 (-41.3%), from €51,468 to €30,226
- Short-term financial debts +€5,604
new in 2025: €5,604
- Tax, wage and social debts -€5,026
down €5,026 (-31.9%), from €15,766 to €10,740
- Gross operating margin +€51,212
up €51,212 (+1,219%), from €4,202 to €55,414
- Taxes +€34,315
up €34,315, from -€26,387 to €7,927
- Other operating charges -€3,738
down €3,738 (-48.7%), from €7,681 to €3,943
- Financial charges -€2,208
down €2,208 (-25.3%), from €8,714 to €6,506
- Depreciation +€820
up €820 (+6.3%), from €12,999 to €13,819
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 | €397,933 | €324,605 | -€73,329 | -18.4% |
| Fixed assets | 21/28 | €179,228 | €174,010 | -€5,218 | -2.9% |
| Tangible fixed assets | 22/27 | €167,129 | €156,562 | -€10,566 | -6.3% |
| Land and buildings | 22 | €161,600 | €149,800 | -€11,800 | -7.3% |
| Plant, machinery and equipment | 23 | €3,597 | €5,217 | +€1,620 | +45.0% |
| Furniture and vehicles | 24 | €1,931 | €1,545 | -€386 | -20.0% |
| Financial fixed assets | 28 | €12,099 | €17,448 | +€5,349 | +44.2% |
| Current assets | 29/58 | €218,706 | €150,595 | -€68,111 | -31.1% |
| Amounts receivable after more than one year | 29 | €73,180 | €54,180 | -€19,000 | -26.0% |
| Other amounts receivable | 291 | €73,180 | €54,180 | -€19,000 | -26.0% |
| Amounts receivable within one year | 40/41 | €128,157 | €96,415 | -€31,742 | -24.8% |
| Trade receivables | 40 | €17,222 | - | -€17,222 | |
| Other amounts receivable | 41 | €110,935 | €96,415 | -€14,520 | -13.1% |
| Cash at bank and in hand | 54/58 | €14,856 | - | -€14,856 | |
| Deferred charges and accrued income | 490/1 | €2,513 | - | -€2,513 | |
| Total equity and liabilities | 10/49 | €397,933 | €324,605 | -€73,329 | -18.4% |
| Equity | 10/15 | €188,270 | €155,986 | -€32,284 | -17.1% |
| Contributions | 10/11 | €56,000 | €56,000 | = | 0.0% |
| Reserves | 13 | €95,163 | €62,880 | -€32,284 | -33.9% |
| Distributable reserves | 133 | €95,163 | €62,880 | -€32,284 | -33.9% |
| Profit (loss) carried forward | 14 | €37,106 | €37,106 | = | 0.0% |
| Amounts payable | 17/49 | €209,664 | €168,619 | -€41,045 | -19.6% |
| Amounts payable after more than one year | 17 | €122,298 | €100,877 | -€21,421 | -17.5% |
| Financial debts | 170/4 | €122,298 | €100,877 | -€21,421 | -17.5% |
| Amounts payable within one year | 42/48 | €87,366 | €67,741 | -€19,624 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €20,132 | €21,171 | +€1,039 | +5.2% |
| Financial debts | 43 | - | €5,604 | +€5,604 | |
| Credit institutions | 430/8 | - | €5,604 | +€5,604 | |
| Trade debts | 44 | €51,468 | €30,226 | -€21,241 | -41.3% |
| Suppliers | 440/4 | €51,468 | €30,226 | -€21,241 | -41.3% |
| Taxes, remuneration and social security | 45 | €15,766 | €10,740 | -€5,026 | -31.9% |
| Taxes | 450/3 | €15,766 | €10,740 | -€5,026 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,999 | €13,819 | +€820 | +6.3% |
| Other operating charges | 640/8 | €7,681 | €3,943 | -€3,738 | -48.7% |
| Non-recurring operating charges | 66A | - | €15,000 | +€15,000 | |
| Gross operating margin | 9900 | €4,202 | €55,414 | +€51,212 | +1,219% |
| Operating profit (loss) | 9901 | -€16,479 | €22,652 | +€39,130 | |
| Financial income | 75/76B | €104 | €3 | -€101 | -97.4% |
| Recurring financial income | 75 | €104 | €3 | -€101 | -97.4% |
| Financial charges | 65/66B | €8,714 | €6,506 | -€2,208 | -25.3% |
| Recurring financial charges | 65 | €8,714 | €6,506 | -€2,208 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,089 | €16,149 | +€41,238 | |
| Income taxes | 67/77 | -€26,387 | €7,927 | +€34,315 | |
| Profit (loss) for the period | 9904 | €1,298 | €8,221 | +€6,923 | +533% |
| Profit (loss) for the period to be appropriated | 9905 | €1,298 | €8,221 | +€6,923 | +533% |
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 31 October 2026 via checked.be.