DEWASPORT: 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.
DEWASPORT
Largest movements
- Stocks and contracts -€74,726
down €74,726 (-10.6%), from €701,880 to €627,154
- Tangible fixed assets -€31,263
down €31,263 (-18.4%), from €169,461 to €138,197
- Cash +€22,262
up €22,262 (+86.4%), from €25,757 to €48,019
mainly Net result for the year (+€82,347) and Stocks and contracts (+€74,726)
- Profit (loss) carried forward +€145,497
up €145,497 (+38.7%), from €376,086 to €521,583
- Debts after one year -€136,928
down €136,928 (-45.7%), from €299,575 to €162,647
- Reserves -€63,150
down €63,150 (-52.5%), from €120,233 to €57,083
of which Tax-exempt reserves: -€63,150
- Trade debts -€41,693
down €41,693 (-63.7%), from €65,431 to €23,738
- Advances received +€24,104
up €24,104 (+1882.0%), from €1,281 to €25,385
- Gross operating margin +€29,625
up €29,625 (+13.0%), from €228,526 to €258,151
- Staff costs -€12,769
down €12,769 (-10.5%), from €121,887 to €109,118
- Taxes +€10,090
up €10,090 (+53.7%), from €18,778 to €28,867
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.
Cash bridge derived
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 | €963,674 | €884,849 | -€78,825 | -8.2% |
| Fixed assets | 21/28 | €169,588 | €138,325 | -€31,263 | -18.4% |
| Tangible fixed assets | 22/27 | €169,461 | €138,197 | -€31,263 | -18.4% |
| Plant, machinery and equipment | 23 | €45,833 | €35,780 | -€10,053 | -21.9% |
| Furniture and vehicles | 24 | €39,155 | €29,734 | -€9,421 | -24.1% |
| Other tangible fixed assets | 26 | €84,473 | €72,684 | -€11,789 | -14.0% |
| Financial fixed assets | 28 | €127 | €127 | = | 0.0% |
| Current assets | 29/58 | €794,086 | €746,524 | -€47,562 | -6.0% |
| Stocks and contracts in progress | 3 | €701,880 | €627,154 | -€74,726 | -10.6% |
| Stocks | 30/36 | €701,880 | €627,154 | -€74,726 | -10.6% |
| Amounts receivable within one year | 40/41 | €51,531 | €58,824 | +€7,293 | +14.2% |
| Trade receivables | 40 | €13,502 | €21,995 | +€8,493 | +62.9% |
| Other amounts receivable | 41 | €38,029 | €36,829 | -€1,200 | -3.2% |
| Cash at bank and in hand | 54/58 | €25,757 | €48,019 | +€22,262 | +86.4% |
| Deferred charges and accrued income | 490/1 | €14,917 | €12,527 | -€2,390 | -16.0% |
| Total equity and liabilities | 10/49 | €963,674 | €884,849 | -€78,825 | -8.2% |
| Equity | 10/15 | €526,319 | €608,666 | +€82,347 | +15.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €120,233 | €57,083 | -€63,150 | -52.5% |
| Tax-exempt reserves | 132 | €63,150 | - | -€63,150 | |
| Distributable reserves | 133 | €57,083 | €57,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | €376,086 | €521,583 | +€145,497 | +38.7% |
| Amounts payable | 17/49 | €437,355 | €276,183 | -€161,172 | -36.9% |
| Amounts payable after more than one year | 17 | €299,575 | €162,647 | -€136,928 | -45.7% |
| Financial debts | 170/4 | €299,575 | €162,647 | -€136,928 | -45.7% |
| Amounts payable within one year | 42/48 | €137,596 | €113,535 | -€24,060 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €32,309 | €27,000 | -€5,309 | -16.4% |
| Trade debts | 44 | €65,431 | €23,738 | -€41,693 | -63.7% |
| Suppliers | 440/4 | €65,431 | €23,738 | -€41,693 | -63.7% |
| Advances received on contracts in progress | 46 | €1,281 | €25,385 | +€24,104 | +1882.0% |
| Taxes, remuneration and social security | 45 | €31,109 | €32,483 | +€1,374 | +4.4% |
| Taxes | 450/3 | €17,743 | €22,441 | +€4,698 | +26.5% |
| Remuneration and social security | 454/9 | €13,366 | €10,042 | -€3,324 | -24.9% |
| Other amounts payable | 47/48 | €7,467 | €4,930 | -€2,537 | -34.0% |
| Accrued charges and deferred income | 492/3 | €184 | - | -€184 | |
| Remuneration, social security and pensions | 62 | €121,887 | €109,118 | -€12,769 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,585 | €35,628 | +€2,043 | +6.1% |
| Other operating charges | 640/8 | €1,371 | €2,432 | +€1,061 | +77.4% |
| Non-recurring operating charges | 66A | - | €2,525 | +€2,525 | |
| Gross operating margin | 9900 | €228,526 | €258,151 | +€29,625 | +13.0% |
| Operating profit (loss) | 9901 | €71,683 | €108,448 | +€36,765 | +51.3% |
| Financial income | 75/76B | €17,759 | €17,398 | -€362 | -2.0% |
| Recurring financial income | 75 | €17,759 | €17,398 | -€362 | -2.0% |
| Financial charges | 65/66B | €16,085 | €14,632 | -€1,452 | -9.0% |
| Recurring financial charges | 65 | €16,085 | €14,632 | -€1,452 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €73,358 | €111,214 | +€37,856 | +51.6% |
| Income taxes | 67/77 | €18,778 | €28,867 | +€10,090 | +53.7% |
| Profit (loss) for the period | 9904 | €54,581 | €82,347 | +€27,766 | +50.9% |
| Transfer from tax-exempt reserves | 789 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,581 | €145,497 | +€90,916 | +166.6% |
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 12 October 2026 via checked.be.