DEWIBO: 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.
DEWIBO
Largest movements
- Tangible fixed assets +€167,248
up €167,248 (+82.0%), from €203,886 to €371,134
of which Furniture and vehicles: +€204,651
- Cash +€118,694
up €118,694 (+267%), from €44,526 to €163,220
mainly Depreciation (+€111,876) and Receivables within one year (+€78,941)
- Receivables within one year -€78,941
down €78,941 (-32.2%), from €245,399 to €166,458
of which Trade receivables: -€43,834
- Current investments -€65,000
down €65,000 (-100%), from €65,000 to €0
- Stocks and contracts -€30,203
down €30,203 (-20.3%), from €148,455 to €118,252
of which Contracts in progress: -€36,550
- Reserves +€72,602
up €72,602 (+14.0%), from €519,562 to €592,164
- Debts after one year +€52,061
up €52,061 (+168%), from €30,941 to €83,002
of which Financial debts: +€57,015
- Other debts -€16,292
down €16,292 (-18.1%), from €89,893 to €73,601
- Gross operating margin -€45,358
down €45,358 (-12.6%), from €360,152 to €314,793
- Depreciation -€30,827
down €30,827 (-21.6%), from €142,703 to €111,876
- Staff costs -€24,622
down €24,622 (-20.7%), from €118,985 to €94,363
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 | €714,421 | €824,606 | +€110,185 | +15.4% |
| Fixed assets | 21/28 | €204,526 | €371,774 | +€167,248 | +81.8% |
| Tangible fixed assets | 22/27 | €203,886 | €371,134 | +€167,248 | +82.0% |
| Land and buildings | 22 | €73,709 | €61,852 | -€11,857 | -16.1% |
| Plant, machinery and equipment | 23 | €35,423 | €22,678 | -€12,745 | -36.0% |
| Furniture and vehicles | 24 | €76,673 | €281,325 | +€204,651 | +267% |
| Leasing and similar rights | 25 | €11,917 | €0 | -€11,917 | -100% |
| Other tangible fixed assets | 26 | €6,164 | €5,280 | -€884 | -14.3% |
| Financial fixed assets | 28 | €640 | €640 | = | 0.0% |
| Current assets | 29/58 | €509,895 | €452,832 | -€57,063 | -11.2% |
| Stocks and contracts in progress | 3 | €148,455 | €118,252 | -€30,203 | -20.3% |
| Stocks | 30/36 | €76,855 | €83,202 | +€6,347 | +8.3% |
| Contracts in progress | 37 | €71,600 | €35,050 | -€36,550 | -51.0% |
| Amounts receivable within one year | 40/41 | €245,399 | €166,458 | -€78,941 | -32.2% |
| Trade receivables | 40 | €206,238 | €162,404 | -€43,834 | -21.3% |
| Other amounts receivable | 41 | €39,161 | €4,054 | -€35,107 | -89.6% |
| Current investments | 50/53 | €65,000 | €0 | -€65,000 | -100% |
| Cash at bank and in hand | 54/58 | €44,526 | €163,220 | +€118,694 | +267% |
| Deferred charges and accrued income | 490/1 | €6,515 | €4,901 | -€1,614 | -24.8% |
| Total equity and liabilities | 10/49 | €714,421 | €824,606 | +€110,185 | +15.4% |
| Equity | 10/15 | €538,154 | €610,756 | +€72,602 | +13.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €519,562 | €592,164 | +€72,602 | +14.0% |
| Distributable reserves | 133 | €519,562 | €592,164 | +€72,602 | +14.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €176,267 | €213,850 | +€37,583 | +21.3% |
| Amounts payable after more than one year | 17 | €30,941 | €83,002 | +€52,061 | +168% |
| Financial debts | 170/4 | €25,987 | €83,002 | +€57,015 | +219% |
| Other amounts payable | 178/9 | €4,954 | €0 | -€4,954 | -100% |
| Amounts payable within one year | 42/48 | €144,791 | €123,776 | -€21,016 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €30,358 | €29,647 | -€712 | -2.3% |
| Trade debts | 44 | €4,398 | €223 | -€4,175 | -94.9% |
| Suppliers | 440/4 | €4,398 | €223 | -€4,175 | -94.9% |
| Taxes, remuneration and social security | 45 | €20,142 | €20,305 | +€163 | +0.8% |
| Taxes | 450/3 | €19,852 | €17,617 | -€2,234 | -11.3% |
| Remuneration and social security | 454/9 | €290 | €2,688 | +€2,398 | +826% |
| Other amounts payable | 47/48 | €89,893 | €73,601 | -€16,292 | -18.1% |
| Accrued charges and deferred income | 492/3 | €535 | €7,072 | +€6,538 | +1,223% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €118,985 | €94,363 | -€24,622 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,703 | €111,876 | -€30,827 | -21.6% |
| Other operating charges | 640/8 | €4,943 | €3,311 | -€1,632 | -33.0% |
| Non-recurring operating charges | 66A | €165 | €155 | -€10 | -6.1% |
| Gross operating margin | 9900 | €360,152 | €314,793 | -€45,358 | -12.6% |
| Operating profit (loss) | 9901 | €93,356 | €105,088 | +€11,732 | +12.6% |
| Financial income | 75/76B | €4,422 | €3,715 | -€707 | -16.0% |
| Recurring financial income | 75 | €4,422 | €3,715 | -€707 | -16.0% |
| Financial charges | 65/66B | €11,251 | €11,112 | -€139 | -1.2% |
| Recurring financial charges | 65 | €11,251 | €11,112 | -€139 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €86,527 | €97,690 | +€11,163 | +12.9% |
| Income taxes | 67/77 | €25,145 | €23,423 | -€1,722 | -6.8% |
| Profit (loss) for the period | 9904 | €61,382 | €74,268 | +€12,885 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,382 | €74,268 | +€12,885 | +21.0% |
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 14 October 2026 via checked.be.