DEWEPHAR: 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.
DEWEPHAR
Largest movements
- Cash -€130,925
down €130,925 (-42.9%), from €305,357 to €174,432
mainly Contributions, distributions and other (-€923,662) and Receivables within one year (-€3,656)
- Current investments -€90,000
no longer reported in 2025 (was €90,000)
- Reserves -€455,000
down €455,000 (-99.6%), from €456,860 to €1,860
of which Distributable reserves: -€455,000
- Other debts +€187,067
up €187,067 (+9608.8%), from €1,947 to €189,014
- Tax, wage and social debts +€38,640
new in 2025: €38,640
- Short-term financial debts +€10,493
new in 2025: €10,493
- Gross operating margin +€43,288
up €43,288 (+7.5%), from €574,072 to €617,360
- Taxes +€11,374
up €11,374 (+8.1%), from €140,178 to €151,552
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 | €479,677 | €260,695 | -€218,983 | -45.7% |
| Fixed assets | 21/28 | €4,835 | €4,301 | -€534 | -11.0% |
| Tangible fixed assets | 22/27 | €4,795 | €4,261 | -€534 | -11.1% |
| Plant, machinery and equipment | 23 | - | €437 | +€437 | |
| Furniture and vehicles | 24 | €4,795 | €3,824 | -€971 | -20.2% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €474,842 | €256,394 | -€218,448 | -46.0% |
| Amounts receivable within one year | 40/41 | €77,599 | €81,255 | +€3,656 | +4.7% |
| Trade receivables | 40 | €75,024 | €81,255 | +€6,231 | +8.3% |
| Other amounts receivable | 41 | €2,575 | - | -€2,575 | |
| Current investments | 50/53 | €90,000 | - | -€90,000 | |
| Cash at bank and in hand | 54/58 | €305,357 | €174,432 | -€130,925 | -42.9% |
| Deferred charges and accrued income | 490/1 | €1,887 | €707 | -€1,180 | -62.5% |
| Total equity and liabilities | 10/49 | €479,677 | €260,695 | -€218,983 | -45.7% |
| Equity | 10/15 | €476,557 | €20,460 | -€456,097 | -95.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €456,860 | €1,860 | -€455,000 | -99.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €455,000 | - | -€455,000 | |
| Profit (loss) carried forward | 14 | €1,097 | - | -€1,097 | |
| Amounts payable | 17/49 | €3,120 | €240,235 | +€237,114 | +7598.8% |
| Amounts payable within one year | 42/48 | €3,120 | €240,235 | +€237,114 | +7598.8% |
| Financial debts | 43 | - | €10,493 | +€10,493 | |
| Other loans | 439 | - | €10,493 | +€10,493 | |
| Trade debts | 44 | €1,174 | €2,088 | +€914 | +77.9% |
| Suppliers | 440/4 | €1,174 | €2,088 | +€914 | +77.9% |
| Taxes, remuneration and social security | 45 | - | €38,640 | +€38,640 | |
| Taxes | 450/3 | - | €38,640 | +€38,640 | |
| Other amounts payable | 47/48 | €1,947 | €189,014 | +€187,067 | +9608.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99 | €1,114 | +€1,015 | +1024.9% |
| Other operating charges | 640/8 | €839 | €813 | -€26 | -3.1% |
| Gross operating margin | 9900 | €574,072 | €617,360 | +€43,288 | +7.5% |
| Operating profit (loss) | 9901 | €573,134 | €615,433 | +€42,299 | +7.4% |
| Financial income | 75/76B | €5,860 | €4,821 | -€1,039 | -17.7% |
| Recurring financial income | 75 | €5,860 | €4,821 | -€1,039 | -17.7% |
| Financial charges | 65/66B | €295 | €1,137 | +€842 | +285.8% |
| Recurring financial charges | 65 | €295 | €1,137 | +€842 | +285.8% |
| Profit (loss) for the period before taxes | 9903 | €578,699 | €619,117 | +€40,418 | +7.0% |
| Income taxes | 67/77 | €140,178 | €151,552 | +€11,374 | +8.1% |
| Profit (loss) for the period | 9904 | €438,521 | €467,565 | +€29,044 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €438,521 | €467,565 | +€29,044 | +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 9 October 2026 via checked.be.