DEWI: what changed
Two fiscal 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.
DEWI
Largest movements
- Receivables within one year -€50,329
down €50,329 (-58.9%), from €85,417 to €35,088
of which Trade receivables: -€32,386
- Deferred charges and accrued income -€19,197
down €19,197 (-98.6%), from €19,465 to €268
- Tangible fixed assets -€16,392
down €16,392 (-26.2%), from €62,474 to €46,082
of which Plant, machinery and equipment: -€12,666
- Cash -€7,330
down €7,330 (-17.6%), from €41,696 to €34,366
mainly Trade debts (-€117,045) and Current portion of long-term debt (-€16,561)
- Trade debts -€117,045
down €117,045 (-35.4%), from €330,964 to €213,919
- Profit (loss) carried forward +€40,249
up €40,249 (+42.6%), from -€94,405 to -€54,156
- Current portion of long-term debt -€16,561
down €16,561 (-70.9%), from €23,353 to €6,793
- Accrued charges and deferred income +€15,445
new in 2025: €15,445
- Debts after one year -€14,180
down €14,180 (-42.6%), from €33,302 to €19,122
- Staff costs -€170,639
down €170,639 (-66.7%), from €255,693 to €85,054
- Gross operating margin -€46,362
down €46,362 (-20.5%), from €226,398 to €180,036
- Financial charges -€35,805
down €35,805 (-64.6%), from €55,452 to €19,647
- Depreciation -€16,630
down €16,630 (-48.8%), from €34,069 to €17,438
- Other operating charges -€3,899
down €3,899 (-17.7%), from €21,999 to €18,100
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 | €347,541 | €250,986 | -€96,556 | -27.8% |
| Fixed assets | 21/28 | €63,424 | €46,617 | -€16,807 | -26.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €62,474 | €46,082 | -€16,392 | -26.2% |
| Plant, machinery and equipment | 23 | €48,326 | €35,660 | -€12,666 | -26.2% |
| Furniture and vehicles | 24 | €2,655 | €583 | -€2,072 | -78.0% |
| Other tangible fixed assets | 26 | €11,492 | €9,839 | -€1,653 | -14.4% |
| Financial fixed assets | 28 | €950 | €535 | -€415 | -43.7% |
| Current assets | 29/58 | €284,118 | €204,369 | -€79,749 | -28.1% |
| Stocks and contracts in progress | 3 | €137,540 | €134,647 | -€2,893 | -2.1% |
| Stocks | 30/36 | €137,540 | €134,647 | -€2,893 | -2.1% |
| Amounts receivable within one year | 40/41 | €85,417 | €35,088 | -€50,329 | -58.9% |
| Trade receivables | 40 | €43,220 | €10,833 | -€32,386 | -74.9% |
| Other amounts receivable | 41 | €42,197 | €24,254 | -€17,943 | -42.5% |
| Cash at bank and in hand | 54/58 | €41,696 | €34,366 | -€7,330 | -17.6% |
| Deferred charges and accrued income | 490/1 | €19,465 | €268 | -€19,197 | -98.6% |
| Total equity and liabilities | 10/49 | €347,541 | €250,986 | -€96,556 | -27.8% |
| Equity | 10/15 | -€72,251 | -€32,002 | +€40,249 | +55.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,154 | €2,154 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €154 | €154 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,405 | -€54,156 | +€40,249 | +42.6% |
| Amounts payable | 17/49 | €419,792 | €282,987 | -€136,805 | -32.6% |
| Amounts payable after more than one year | 17 | €33,302 | €19,122 | -€14,180 | -42.6% |
| Financial debts | 170/4 | €33,302 | €19,122 | -€14,180 | -42.6% |
| Amounts payable within one year | 42/48 | €386,490 | €248,421 | -€138,069 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €23,353 | €6,793 | -€16,561 | -70.9% |
| Financial debts | 43 | €656 | €0 | -€656 | -100.0% |
| Credit institutions | 430/8 | €656 | €0 | -€656 | -100.0% |
| Trade debts | 44 | €330,964 | €213,919 | -€117,045 | -35.4% |
| Suppliers | 440/4 | €330,964 | €213,919 | -€117,045 | -35.4% |
| Taxes, remuneration and social security | 45 | €31,516 | €22,320 | -€9,196 | -29.2% |
| Taxes | 450/3 | €1,983 | €2,326 | +€342 | +17.3% |
| Remuneration and social security | 454/9 | €29,532 | €19,995 | -€9,538 | -32.3% |
| Other amounts payable | 47/48 | - | €5,389 | +€5,389 | |
| Accrued charges and deferred income | 492/3 | - | €15,445 | +€15,445 | |
| Non-recurring operating income | 76A | - | €12,844 | +€12,844 | |
| Remuneration, social security and pensions | 62 | €255,693 | €85,054 | -€170,639 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,069 | €17,438 | -€16,630 | -48.8% |
| Other operating charges | 640/8 | €21,999 | €18,100 | -€3,899 | -17.7% |
| Non-recurring operating charges | 66A | - | €303 | +€303 | |
| Gross operating margin | 9900 | €226,398 | €180,036 | -€46,362 | -20.5% |
| Operating profit (loss) | 9901 | -€85,363 | €59,141 | +€144,503 | |
| Financial income | 75/76B | €904 | €755 | -€149 | -16.5% |
| Recurring financial income | 75 | €904 | €755 | -€149 | -16.5% |
| Financial charges | 65/66B | €55,452 | €19,647 | -€35,805 | -64.6% |
| Recurring financial charges | 65 | €55,452 | €19,647 | -€35,805 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | -€139,910 | €40,249 | +€180,159 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€139,910 | €40,249 | +€180,159 | |
| Profit (loss) for the period to be appropriated | 9905 | -€139,910 | €40,249 | +€180,159 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.