DEWERTE: 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.
DEWERTE
Largest movements
- Tangible fixed assets -€23,161
down €23,161 (-4.2%), from €557,977 to €534,816
of which Land and buildings: -€21,224
- Current investments -€22,018
down €22,018 (-46.6%), from €47,250 to €25,233
- Receivables within one year +€8,541
up €8,541 (+38.2%), from €22,351 to €30,892
of which Other amounts receivable: +€11,240
- Debts after one year -€31,300
down €31,300 (-8.5%), from €370,109 to €338,809
- Profit (loss) carried forward +€22,281
up €22,281 (+5.4%), from -€409,802 to -€387,521
- Reserves -€12,908
down €12,908 (-5.4%), from €237,059 to €224,151
- Trade debts -€10,958
down €10,958 (-21.9%), from €49,943 to €38,985
- Taxes -€35,724
down €35,724 (-81.9%), from €43,641 to €7,917
- Other operating charges -€10,948
down €10,948 (-70.3%), from €15,567 to €4,620
- Gross operating margin -€4,082
down €4,082 (-7.0%), from €58,235 to €54,153
- Financial charges -€1,908
down €1,908 (-10.9%), from €17,428 to €15,520
- Financial income +€1,765
up €1,765 (+477.3%), from €370 to €2,135
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 | €635,430 | €597,651 | -€37,779 | -5.9% |
| Fixed assets | 21/28 | €558,582 | €535,421 | -€23,161 | -4.1% |
| Tangible fixed assets | 22/27 | €557,977 | €534,816 | -€23,161 | -4.2% |
| Land and buildings | 22 | €554,766 | €533,541 | -€21,224 | -3.8% |
| Plant, machinery and equipment | 23 | €458 | €228 | -€231 | -50.3% |
| Furniture and vehicles | 24 | €2,753 | €1,047 | -€1,706 | -62.0% |
| Financial fixed assets | 28 | €605 | €605 | = | 0.0% |
| Current assets | 29/58 | €76,848 | €62,230 | -€14,618 | -19.0% |
| Stocks and contracts in progress | 3 | - | €1,250 | +€1,250 | |
| Stocks | 30/36 | - | €1,250 | +€1,250 | |
| Amounts receivable within one year | 40/41 | €22,351 | €30,892 | +€8,541 | +38.2% |
| Trade receivables | 40 | €7,960 | €5,261 | -€2,699 | -33.9% |
| Other amounts receivable | 41 | €14,391 | €25,631 | +€11,240 | +78.1% |
| Current investments | 50/53 | €47,250 | €25,233 | -€22,018 | -46.6% |
| Cash at bank and in hand | 54/58 | €6,193 | €3,804 | -€2,389 | -38.6% |
| Deferred charges and accrued income | 490/1 | €1,053 | €1,051 | -€2 | -0.2% |
| Total equity and liabilities | 10/49 | €635,430 | €597,651 | -€37,779 | -5.9% |
| Equity | 10/15 | €52,257 | €61,630 | +€9,373 | +17.9% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €237,059 | €224,151 | -€12,908 | -5.4% |
| Tax-exempt reserves | 132 | €237,059 | €224,151 | -€12,908 | -5.4% |
| Profit (loss) carried forward | 14 | -€409,802 | -€387,521 | +€22,281 | +5.4% |
| Provisions and deferred taxes | 16 | €79,020 | €74,717 | -€4,303 | -5.4% |
| Deferred taxes | 168 | €79,020 | €74,717 | -€4,303 | -5.4% |
| Amounts payable | 17/49 | €504,153 | €461,304 | -€42,850 | -8.5% |
| Amounts payable after more than one year | 17 | €370,109 | €338,809 | -€31,300 | -8.5% |
| Financial debts | 170/4 | €370,109 | €338,809 | -€31,300 | -8.5% |
| Amounts payable within one year | 42/48 | €131,814 | €120,376 | -€11,437 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €31,605 | €33,832 | +€2,227 | +7.0% |
| Trade debts | 44 | €49,943 | €38,985 | -€10,958 | -21.9% |
| Suppliers | 440/4 | €49,943 | €38,985 | -€10,958 | -21.9% |
| Taxes, remuneration and social security | 45 | €44,704 | €47,560 | +€2,856 | +6.4% |
| Taxes | 450/3 | €44,704 | €47,560 | +€2,856 | +6.4% |
| Other amounts payable | 47/48 | €5,561 | - | -€5,561 | |
| Accrued charges and deferred income | 492/3 | €2,231 | €2,118 | -€113 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,160 | €23,161 | +€1 | 0.0% |
| Other operating charges | 640/8 | €15,567 | €4,620 | -€10,948 | -70.3% |
| Gross operating margin | 9900 | €58,235 | €54,153 | -€4,082 | -7.0% |
| Operating profit (loss) | 9901 | €19,508 | €26,372 | +€6,865 | +35.2% |
| Financial income | 75/76B | €370 | €2,135 | +€1,765 | +477.3% |
| Recurring financial income | 75 | €370 | €2,135 | +€1,765 | +477.3% |
| Financial charges | 65/66B | €17,428 | €15,520 | -€1,908 | -10.9% |
| Recurring financial charges | 65 | €17,428 | €15,520 | -€1,908 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €2,450 | €12,988 | +€10,538 | +430.2% |
| Transfer from deferred taxes | 780 | €48,673 | €4,303 | -€44,371 | -91.2% |
| Income taxes | 67/77 | €43,641 | €7,917 | -€35,724 | -81.9% |
| Profit (loss) for the period | 9904 | €7,482 | €9,373 | +€1,892 | +25.3% |
| Transfer from tax-exempt reserves | 789 | €146,020 | €12,908 | -€133,112 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €153,502 | €22,281 | -€131,221 | -85.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.