Dewicke Johan: 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.
Dewicke Johan
Largest movements
- Cash -€41,610
down €41,610 (-29.1%), from €142,868 to €101,258
mainly Debts after one year (-€236,834) and Investment in fixed assets (net) (-€52,464)
- Receivables within one year -€36,444
down €36,444 (-80.7%), from €45,158 to €8,714
of which Trade receivables: -€43,003
- Tangible fixed assets -€34,064
down €34,064 (-5.3%), from €637,178 to €603,114
of which Land and buildings: -€59,729
- Stocks and contracts +€31,398
up €31,398 (+8.2%), from €384,338 to €415,736
- Debts after one year -€236,834
down €236,834 (-38.9%), from €608,048 to €371,215
of which Other amounts payable: -€177,925
- Reserves +€125,299
up €125,299 (+27.6%), from €454,214 to €579,514
of which Distributable reserves: +€125,299
- Trade debts +€47,174
up €47,174 (+136%), from €34,575 to €81,749
- Gross operating margin +€54,510
up €54,510 (+27.0%), from €201,682 to €256,192
- Financial charges +€25,470
up €25,470 (+513%), from €4,965 to €30,434
- Financial income -€2,571
down €2,571 (-30.3%), from €8,495 to €5,924
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 | €1,221,077 | €1,142,812 | -€78,265 | -6.4% |
| Fixed assets | 21/28 | €637,678 | €603,614 | -€34,064 | -5.3% |
| Tangible fixed assets | 22/27 | €637,178 | €603,114 | -€34,064 | -5.3% |
| Land and buildings | 22 | €543,814 | €484,085 | -€59,729 | -11.0% |
| Plant, machinery and equipment | 23 | €92,970 | €87,908 | -€5,062 | -5.4% |
| Furniture and vehicles | 24 | €394 | €31,121 | +€30,727 | +7,794% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €583,400 | €539,198 | -€44,202 | -7.6% |
| Stocks and contracts in progress | 3 | €384,338 | €415,736 | +€31,398 | +8.2% |
| Stocks | 30/36 | €384,338 | €415,736 | +€31,398 | +8.2% |
| Amounts receivable within one year | 40/41 | €45,158 | €8,714 | -€36,444 | -80.7% |
| Trade receivables | 40 | €44,983 | €1,980 | -€43,003 | -95.6% |
| Other amounts receivable | 41 | €176 | €6,734 | +€6,559 | +3,737% |
| Cash at bank and in hand | 54/58 | €142,868 | €101,258 | -€41,610 | -29.1% |
| Deferred charges and accrued income | 490/1 | €11,036 | €13,490 | +€2,455 | +22.2% |
| Total equity and liabilities | 10/49 | €1,221,077 | €1,142,812 | -€78,265 | -6.4% |
| Equity | 10/15 | €528,349 | €648,062 | +€119,714 | +22.7% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €454,214 | €579,514 | +€125,299 | +27.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €40,550 | €40,550 | = | 0.0% |
| Distributable reserves | 133 | €413,664 | €538,964 | +€125,299 | +30.3% |
| Investment grants | 15 | €36,950 | €31,365 | -€5,585 | -15.1% |
| Provisions and deferred taxes | 16 | €1,945 | €1,651 | -€294 | -15.1% |
| Deferred taxes | 168 | €1,945 | €1,651 | -€294 | -15.1% |
| Amounts payable | 17/49 | €690,784 | €493,099 | -€197,685 | -28.6% |
| Amounts payable after more than one year | 17 | €608,048 | €371,215 | -€236,834 | -38.9% |
| Financial debts | 170/4 | €124,241 | €65,333 | -€58,908 | -47.4% |
| Other amounts payable | 178/9 | €483,807 | €305,882 | -€177,925 | -36.8% |
| Amounts payable within one year | 42/48 | €82,585 | €120,057 | +€37,472 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €34,823 | €24,500 | -€10,323 | -29.6% |
| Trade debts | 44 | €34,575 | €81,749 | +€47,174 | +136% |
| Suppliers | 440/4 | €34,575 | €81,749 | +€47,174 | +136% |
| Taxes, remuneration and social security | 45 | €13,188 | €13,808 | +€620 | +4.7% |
| Taxes | 450/3 | €13,188 | €13,808 | +€620 | +4.7% |
| Accrued charges and deferred income | 492/3 | €150 | €1,827 | +€1,677 | +1,115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,438 | €86,528 | +€1,091 | +1.3% |
| Other operating charges | 640/8 | €6,780 | €7,238 | +€458 | +6.7% |
| Gross operating margin | 9900 | €201,682 | €256,192 | +€54,510 | +27.0% |
| Operating profit (loss) | 9901 | €109,464 | €162,426 | +€52,962 | +48.4% |
| Financial income | 75/76B | €8,495 | €5,924 | -€2,571 | -30.3% |
| Recurring financial income | 75 | €8,495 | €5,924 | -€2,571 | -30.3% |
| Financial charges | 65/66B | €4,965 | €30,434 | +€25,470 | +513% |
| Recurring financial charges | 65 | €4,965 | €30,434 | +€25,470 | +513% |
| Profit (loss) for the period before taxes | 9903 | €112,994 | €137,915 | +€24,922 | +22.1% |
| Transfer from deferred taxes | 780 | €414 | €294 | -€120 | -29.0% |
| Income taxes | 67/77 | €10,688 | €12,910 | +€2,221 | +20.8% |
| Profit (loss) for the period | 9904 | €102,719 | €125,299 | +€22,580 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,719 | €125,299 | +€22,580 | +22.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.