DEWICO: 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.
DEWICO
Largest movements
- Tangible fixed assets +€37,604
up €37,604 (+12.9%), from €291,060 to €328,664
of which Land and buildings: +€49,051
- Other debts +€55,367
up €55,367 (+448.5%), from €12,346 to €67,714
- Debts after one year -€23,377
down €23,377 (-15.1%), from €154,448 to €131,071
- Short-term financial debts +€5,381
new in 2025: €5,381
- Reserves +€4,506
up €4,506 (+2.7%), from €164,819 to €169,325
- Gross operating margin +€30,739
up €30,739 (+28.2%), from €108,882 to €139,621
- Depreciation +€10,244
up €10,244 (+40.5%), from €25,276 to €35,520
- Staff costs +€4,146
up €4,146 (+113.0%), from €3,668 to €7,813
- Taxes +€4,071
up €4,071 (+18.0%), from €22,626 to €26,697
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 | €395,810 | €437,960 | +€42,150 | +10.6% |
| Fixed assets | 21/28 | €291,252 | €328,856 | +€37,604 | +12.9% |
| Tangible fixed assets | 22/27 | €291,060 | €328,664 | +€37,604 | +12.9% |
| Land and buildings | 22 | €241,739 | €290,790 | +€49,051 | +20.3% |
| Plant, machinery and equipment | 23 | €1,756 | €1,021 | -€734 | -41.8% |
| Furniture and vehicles | 24 | €47,565 | €36,853 | -€10,712 | -22.5% |
| Financial fixed assets | 28 | €192 | €192 | = | 0.0% |
| Current assets | 29/58 | €104,558 | €109,104 | +€4,546 | +4.3% |
| Amounts receivable within one year | 40/41 | €5,436 | €8,435 | +€2,998 | +55.2% |
| Trade receivables | 40 | €5,426 | €8,215 | +€2,789 | +51.4% |
| Other amounts receivable | 41 | €11 | €220 | +€209 | +1984.6% |
| Cash at bank and in hand | 54/58 | €99,122 | €100,670 | +€1,547 | +1.6% |
| Total equity and liabilities | 10/49 | €395,810 | €437,960 | +€42,150 | +10.6% |
| Equity | 10/15 | €183,419 | €187,925 | +€4,506 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,819 | €169,325 | +€4,506 | +2.7% |
| Distributable reserves | 133 | €164,819 | €169,325 | +€4,506 | +2.7% |
| Amounts payable | 17/49 | €212,391 | €250,035 | +€37,644 | +17.7% |
| Amounts payable after more than one year | 17 | €154,448 | €131,071 | -€23,377 | -15.1% |
| Financial debts | 170/4 | €154,448 | €131,071 | -€23,377 | -15.1% |
| Amounts payable within one year | 42/48 | €56,943 | €118,965 | +€62,022 | +108.9% |
| Current portion of amounts payable after more than one year | 42 | €25,345 | €23,377 | -€1,967 | -7.8% |
| Financial debts | 43 | - | €5,381 | +€5,381 | |
| Credit institutions | 430/8 | - | €5,381 | +€5,381 | |
| Trade debts | 44 | €3,896 | €4,431 | +€535 | +13.7% |
| Suppliers | 440/4 | €3,896 | €4,431 | +€535 | +13.7% |
| Taxes, remuneration and social security | 45 | €15,356 | €18,062 | +€2,706 | +17.6% |
| Taxes | 450/3 | €15,356 | €18,062 | +€2,706 | +17.6% |
| Other amounts payable | 47/48 | €12,346 | €67,714 | +€55,367 | +448.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €3,668 | €7,813 | +€4,146 | +113.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,276 | €35,520 | +€10,244 | +40.5% |
| Other operating charges | 640/8 | €2,214 | €2,616 | +€402 | +18.2% |
| Non-recurring operating charges | 66A | - | €451 | +€451 | |
| Gross operating margin | 9900 | €108,882 | €139,621 | +€30,739 | +28.2% |
| Operating profit (loss) | 9901 | €77,724 | €93,221 | +€15,497 | +19.9% |
| Financial income | 75/76B | €3 | €7 | +€4 | +145.6% |
| Recurring financial income | 75 | €3 | €7 | +€4 | +145.6% |
| Financial charges | 65/66B | €3,682 | €3,476 | -€206 | -5.6% |
| Recurring financial charges | 65 | €3,682 | €3,476 | -€206 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €74,045 | €89,752 | +€15,706 | +21.2% |
| Income taxes | 67/77 | €22,626 | €26,697 | +€4,071 | +18.0% |
| Profit (loss) for the period | 9904 | €51,419 | €63,055 | +€11,635 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,419 | €63,055 | +€11,635 | +22.6% |
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.