DEWANCKELE DAVID: 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.
DEWANCKELE DAVID
Largest movements
- Stocks and contracts +€36,950
up €36,950 (+142%), from €26,000 to €62,950
of which Contracts in progress: +€40,500
- Receivables within one year +€17,276
up €17,276 (+55.0%), from €31,386 to €48,662
of which Trade receivables: +€16,595
- Tangible fixed assets -€9,115
down €9,115 (-9.5%), from €96,433 to €87,319
of which Furniture and vehicles: -€12,855
- Reserves +€52,000
up €52,000 (+25.0%), from €208,000 to €260,000
- Other debts -€20,977
down €20,977 (-73.6%), from €28,517 to €7,540
- Debts after one year +€14,378
up €14,378 (+31.9%), from €45,103 to €59,481
of which Other amounts payable: +€22,500
- Trade debts -€5,360
down €5,360 (-38.0%), from €14,097 to €8,737
- Financial income -€2,881
down €2,881 (-57.0%), from €5,053 to €2,172
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 | €334,600 | €376,320 | +€41,720 | +12.5% |
| Fixed assets | 21/28 | €96,433 | €87,319 | -€9,115 | -9.5% |
| Tangible fixed assets | 22/27 | €96,433 | €87,319 | -€9,115 | -9.5% |
| Land and buildings | 22 | €40,960 | €36,737 | -€4,223 | -10.3% |
| Plant, machinery and equipment | 23 | €8,957 | €14,900 | +€5,943 | +66.4% |
| Furniture and vehicles | 24 | €46,517 | €33,662 | -€12,855 | -27.6% |
| Other tangible fixed assets | 26 | - | €2,020 | +€2,020 | |
| Current assets | 29/58 | €238,167 | €289,001 | +€50,835 | +21.3% |
| Stocks and contracts in progress | 3 | €26,000 | €62,950 | +€36,950 | +142% |
| Stocks | 30/36 | €21,750 | €18,200 | -€3,550 | -16.3% |
| Contracts in progress | 37 | €4,250 | €44,750 | +€40,500 | +953% |
| Amounts receivable within one year | 40/41 | €31,386 | €48,662 | +€17,276 | +55.0% |
| Trade receivables | 40 | €27,129 | €43,723 | +€16,595 | +61.2% |
| Other amounts receivable | 41 | €4,257 | €4,939 | +€682 | +16.0% |
| Current investments | 50/53 | €33,470 | €33,470 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €144,136 | €142,270 | -€1,867 | -1.3% |
| Deferred charges and accrued income | 490/1 | €3,175 | €1,650 | -€1,525 | -48.0% |
| Total equity and liabilities | 10/49 | €334,600 | €376,320 | +€41,720 | +12.5% |
| Equity | 10/15 | €230,694 | €282,947 | +€52,252 | +22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €208,000 | €260,000 | +€52,000 | +25.0% |
| Distributable reserves | 133 | €208,000 | €260,000 | +€52,000 | +25.0% |
| Profit (loss) carried forward | 14 | €4,094 | €4,347 | +€252 | +6.2% |
| Amounts payable | 17/49 | €103,906 | €93,374 | -€10,532 | -10.1% |
| Amounts payable after more than one year | 17 | €45,103 | €59,481 | +€14,378 | +31.9% |
| Financial debts | 170/4 | €15,103 | €6,981 | -€8,122 | -53.8% |
| Other amounts payable | 178/9 | €30,000 | €52,500 | +€22,500 | +75.0% |
| Amounts payable within one year | 42/48 | €58,803 | €33,893 | -€24,910 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €7,853 | €8,122 | +€269 | +3.4% |
| Trade debts | 44 | €14,097 | €8,737 | -€5,360 | -38.0% |
| Suppliers | 440/4 | €14,097 | €8,737 | -€5,360 | -38.0% |
| Taxes, remuneration and social security | 45 | €8,336 | €9,494 | +€1,158 | +13.9% |
| Taxes | 450/3 | €8,336 | €9,494 | +€1,158 | +13.9% |
| Other amounts payable | 47/48 | €28,517 | €7,540 | -€20,977 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,006 | €20,303 | +€297 | +1.5% |
| Other operating charges | 640/8 | €2,252 | €2,527 | +€275 | +12.2% |
| Gross operating margin | 9900 | €94,659 | €94,031 | -€628 | -0.7% |
| Operating profit (loss) | 9901 | €72,401 | €71,201 | -€1,201 | -1.7% |
| Financial income | 75/76B | €5,053 | €2,172 | -€2,881 | -57.0% |
| Recurring financial income | 75 | €5,053 | €2,172 | -€2,881 | -57.0% |
| Financial charges | 65/66B | €1,078 | €812 | -€266 | -24.7% |
| Recurring financial charges | 65 | €1,078 | €812 | -€266 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €76,377 | €72,561 | -€3,815 | -5.0% |
| Income taxes | 67/77 | €21,073 | €20,309 | -€764 | -3.6% |
| Profit (loss) for the period | 9904 | €55,303 | €52,252 | -€3,051 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,303 | €52,252 | -€3,051 | -5.5% |
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 23 October 2026 via checked.be.