DEWICO: 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.
DEWICO
Largest movements
- Receivables within one year +€271,115
up €271,115 (+158%), from €171,276 to €442,391
of which Other amounts receivable: +€223,265
- Tangible fixed assets -€229,313
down €229,313 (-53.1%), from €432,030 to €202,717
of which Land and buildings: -€254,330
- Receivables after one year -€94,057
down €94,057 (-30.9%), from €304,057 to €210,000
- Cash +€34,196
up €34,196 (+63.2%), from €54,111 to €88,308
mainly Net result for the year (+€261,574) and Investment in fixed assets (net) (+€129,020)
- Stocks and contracts -€26,150
down €26,150 (-6.1%), from €430,099 to €403,949
- Reserves +€161,574
up €161,574 (+26.2%), from €616,910 to €778,485
- Trade debts -€126,391
down €126,391 (-39.3%), from €321,260 to €194,869
- Debts after one year -€82,713
down €82,713 (-32.1%), from €257,759 to €175,046
of which Other amounts payable: -€109,219
- Current portion of long-term debt +€19,251
up €19,251 (+36.8%), from €52,288 to €71,539
- Gross operating margin -€197,611
down €197,611 (-26.9%), from €734,037 to €536,426
- Taxes -€39,970
down €39,970 (-40.0%), from €99,815 to €59,845
- Staff costs +€38,996
up €38,996 (+58.0%), from €67,283 to €106,279
- Financial income +€14,236
up €14,236 (+232%), from €6,131 to €20,367
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 | €1,400,169 | €1,367,860 | -€32,309 | -2.3% |
| Fixed assets | 21/28 | €436,031 | €206,718 | -€229,313 | -52.6% |
| Tangible fixed assets | 22/27 | €432,030 | €202,717 | -€229,313 | -53.1% |
| Land and buildings | 22 | €254,330 | €0 | -€254,330 | -100% |
| Plant, machinery and equipment | 23 | €168,295 | €192,673 | +€24,378 | +14.5% |
| Furniture and vehicles | 24 | €9,405 | €10,044 | +€638 | +6.8% |
| Financial fixed assets | 28 | €4,001 | €4,001 | = | 0.0% |
| Current assets | 29/58 | €964,138 | €1,161,142 | +€197,005 | +20.4% |
| Amounts receivable after more than one year | 29 | €304,057 | €210,000 | -€94,057 | -30.9% |
| Other amounts receivable | 291 | €304,057 | €210,000 | -€94,057 | -30.9% |
| Stocks and contracts in progress | 3 | €430,099 | €403,949 | -€26,150 | -6.1% |
| Stocks | 30/36 | €430,099 | €403,949 | -€26,150 | -6.1% |
| Amounts receivable within one year | 40/41 | €171,276 | €442,391 | +€271,115 | +158% |
| Trade receivables | 40 | €97,352 | €145,202 | +€47,850 | +49.2% |
| Other amounts receivable | 41 | €73,924 | €297,189 | +€223,265 | +302% |
| Cash at bank and in hand | 54/58 | €54,111 | €88,308 | +€34,196 | +63.2% |
| Deferred charges and accrued income | 490/1 | €4,594 | €16,495 | +€11,900 | +259% |
| Total equity and liabilities | 10/49 | €1,400,169 | €1,367,860 | -€32,309 | -2.3% |
| Equity | 10/15 | €636,910 | €798,485 | +€161,574 | +25.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €616,910 | €778,485 | +€161,574 | +26.2% |
| Distributable reserves | 133 | €616,910 | €778,485 | +€161,574 | +26.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €763,258 | €569,376 | -€193,883 | -25.4% |
| Amounts payable after more than one year | 17 | €257,759 | €175,046 | -€82,713 | -32.1% |
| Financial debts | 170/4 | €148,539 | €175,046 | +€26,507 | +17.8% |
| Other amounts payable | 178/9 | €109,219 | - | -€109,219 | |
| Amounts payable within one year | 42/48 | €499,797 | €394,330 | -€105,467 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €52,288 | €71,539 | +€19,251 | +36.8% |
| Trade debts | 44 | €321,260 | €194,869 | -€126,391 | -39.3% |
| Suppliers | 440/4 | €321,260 | €194,869 | -€126,391 | -39.3% |
| Taxes, remuneration and social security | 45 | €26,249 | €27,922 | +€1,673 | +6.4% |
| Taxes | 450/3 | €18,741 | €20,167 | +€1,425 | +7.6% |
| Remuneration and social security | 454/9 | €7,508 | €7,756 | +€248 | +3.3% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,703 | €0 | -€5,703 | -100% |
| Remuneration, social security and pensions | 62 | €67,283 | €106,279 | +€38,996 | +58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,023 | €100,293 | +€6,270 | +6.7% |
| Other operating charges | 640/8 | €8,999 | €15,185 | +€6,186 | +68.7% |
| Non-recurring operating charges | 66A | €180 | €0 | -€180 | -100% |
| Gross operating margin | 9900 | €734,037 | €536,426 | -€197,611 | -26.9% |
| Operating profit (loss) | 9901 | €563,552 | €314,670 | -€248,882 | -44.2% |
| Financial income | 75/76B | €6,131 | €20,367 | +€14,236 | +232% |
| Recurring financial income | 75 | €6,131 | €20,367 | +€14,236 | +232% |
| Financial charges | 65/66B | €16,507 | €13,617 | -€2,891 | -17.5% |
| Recurring financial charges | 65 | €16,507 | €13,617 | -€2,891 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €553,175 | €321,419 | -€231,756 | -41.9% |
| Income taxes | 67/77 | €99,815 | €59,845 | -€39,970 | -40.0% |
| Profit (loss) for the period | 9904 | €453,360 | €261,574 | -€191,786 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €453,360 | €261,574 | -€191,786 | -42.3% |
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.