DEWECO: 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.
DEWECO
Largest movements
- Cash +€104,499
up €104,499 (+59.5%), from €175,583 to €280,083
mainly Net result for the year (+€335,628) and Other debts (+€238,226)
- Tangible fixed assets -€70,272
down €70,272 (-6.5%), from €1.1m to €1.0m
of which Leasing and similar rights: -€78,573
- Receivables within one year -€59,307
down €59,307 (-12.3%), from €480,788 to €421,480
of which Trade receivables: -€74,166
- Stocks and contracts +€43,705
up €43,705 (+80.4%), from €54,386 to €98,091
- Deferred charges and accrued income -€22,104
down €22,104 (-40.4%), from €54,649 to €32,545
- Other debts +€238,226
up €238,226 (+246%), from €96,839 to €335,064
- Reserves -€153,372
down €153,372 (-19.6%), from €780,956 to €627,583
of which Distributable reserves: -€149,732
- Debts after one year -€77,597
down €77,597 (-10.6%), from €730,987 to €653,390
- Trade debts -€27,851
down €27,851 (-14.4%), from €193,481 to €165,629
- Short-term financial debts +€25,552
up €25,552 (+133%), from €19,230 to €44,783
- Staff costs -€47,563
down €47,563 (-6.4%), from €740,966 to €693,404
- Gross operating margin -€26,371
down €26,371 (-2.0%), from €1.3m to €1.3m
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 | €1,956,137 | €1,948,059 | -€8,078 | -0.4% |
| Fixed assets | 21/28 | €1,088,276 | €1,018,004 | -€70,272 | -6.5% |
| Tangible fixed assets | 22/27 | €1,087,308 | €1,017,037 | -€70,272 | -6.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €7,237 | €3,664 | -€3,573 | -49.4% |
| Furniture and vehicles | 24 | €18,505 | €52,455 | +€33,951 | +183% |
| Leasing and similar rights | 25 | €785,727 | €707,154 | -€78,573 | -10.0% |
| Other tangible fixed assets | 26 | €275,840 | €253,763 | -€22,076 | -8.0% |
| Financial fixed assets | 28 | €968 | €968 | = | 0.0% |
| Current assets | 29/58 | €867,861 | €930,055 | +€62,194 | +7.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €54,386 | €98,091 | +€43,705 | +80.4% |
| Stocks | 30/36 | €54,386 | €98,091 | +€43,705 | +80.4% |
| Amounts receivable within one year | 40/41 | €480,788 | €421,480 | -€59,307 | -12.3% |
| Trade receivables | 40 | €426,635 | €352,468 | -€74,166 | -17.4% |
| Other amounts receivable | 41 | €54,153 | €69,012 | +€14,859 | +27.4% |
| Current investments | 50/53 | €102,455 | €97,856 | -€4,599 | -4.5% |
| Cash at bank and in hand | 54/58 | €175,583 | €280,083 | +€104,499 | +59.5% |
| Deferred charges and accrued income | 490/1 | €54,649 | €32,545 | -€22,104 | -40.4% |
| Total equity and liabilities | 10/49 | €1,956,137 | €1,948,059 | -€8,078 | -0.4% |
| Equity | 10/15 | €800,956 | €647,583 | -€153,372 | -19.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €780,956 | €627,583 | -€153,372 | -19.6% |
| Tax-exempt reserves | 132 | €3,640 | €0 | -€3,640 | -100% |
| Distributable reserves | 133 | €777,316 | €627,583 | -€149,732 | -19.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,155,181 | €1,300,476 | +€145,295 | +12.6% |
| Amounts payable after more than one year | 17 | €730,987 | €653,390 | -€77,597 | -10.6% |
| Financial debts | 170/4 | €730,987 | €653,390 | -€77,597 | -10.6% |
| Amounts payable within one year | 42/48 | €424,194 | €647,086 | +€222,892 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €76,725 | €77,597 | +€872 | +1.1% |
| Financial debts | 43 | €19,230 | €44,783 | +€25,552 | +133% |
| Credit institutions | 430/8 | €19,230 | €44,783 | +€25,552 | +133% |
| Trade debts | 44 | €193,481 | €165,629 | -€27,851 | -14.4% |
| Suppliers | 440/4 | €193,481 | €165,629 | -€27,851 | -14.4% |
| Taxes, remuneration and social security | 45 | €37,920 | €24,013 | -€13,908 | -36.7% |
| Taxes | 450/3 | €17,527 | €17,858 | +€331 | +1.9% |
| Remuneration and social security | 454/9 | €20,393 | €6,154 | -€14,239 | -69.8% |
| Other amounts payable | 47/48 | €96,839 | €335,064 | +€238,226 | +246% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €187,396 | €52,020 | -€135,376 | -72.2% |
| Remuneration, social security and pensions | 62 | €740,966 | €693,404 | -€47,563 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,758 | €120,474 | +€1,716 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,319 | €4,290 | -€1,029 | -19.3% |
| Other operating charges | 640/8 | €8,772 | €10,921 | +€2,148 | +24.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,301,077 | €1,274,706 | -€26,371 | -2.0% |
| Operating profit (loss) | 9901 | €427,261 | €445,617 | +€18,356 | +4.3% |
| Financial income | 75/76B | €16,171 | €23,989 | +€7,818 | +48.3% |
| Recurring financial income | 75 | €16,171 | €19,778 | +€3,607 | +22.3% |
| Non-recurring financial income | 76B | - | €4,210 | +€4,210 | |
| Financial charges | 65/66B | €12,759 | €14,464 | +€1,705 | +13.4% |
| Recurring financial charges | 65 | €12,759 | €11,464 | -€1,295 | -10.1% |
| Non-recurring financial charges | 66B | - | €3,000 | +€3,000 | |
| Profit (loss) for the period before taxes | 9903 | €430,673 | €455,141 | +€24,468 | +5.7% |
| Income taxes | 67/77 | €112,473 | €119,514 | +€7,041 | +6.3% |
| Profit (loss) for the period | 9904 | €318,200 | €335,628 | +€17,428 | +5.5% |
| Transfer from tax-exempt reserves | 789 | €0 | €3,640 | +€3,640 | |
| Profit (loss) for the period to be appropriated | 9905 | €318,200 | €339,268 | +€21,068 | +6.6% |
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 15 October 2026 via checked.be.