DEWINTER: 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.
DEWINTER
Largest movements
- Current investments +€65,675
up €65,675 (+9.5%), from €693,525 to €759,200
- Tangible fixed assets -€17,923
down €17,923 (-30.8%), from €58,155 to €40,231
of which Furniture and vehicles: -€14,208
- Reserves +€53,534
up €53,534 (+4.8%), from €1.1m to €1.2m
- Gross operating margin +€27,414
up €27,414 (+13.0%), from €210,951 to €238,364
- Taxes +€12,285
up €12,285 (+19.2%), from €63,991 to €76,276
- Financial income +€10,668
up €10,668 (+44.3%), from €24,072 to €34,741
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 | €1,142,745 | €1,207,252 | +€64,507 | +5.6% |
| Fixed assets | 21/28 | €58,155 | €40,231 | -€17,923 | -30.8% |
| Tangible fixed assets | 22/27 | €58,155 | €40,231 | -€17,923 | -30.8% |
| Plant, machinery and equipment | 23 | €6,843 | €3,750 | -€3,094 | -45.2% |
| Furniture and vehicles | 24 | €50,689 | €36,482 | -€14,208 | -28.0% |
| Other tangible fixed assets | 26 | €622 | - | -€622 | |
| Current assets | 29/58 | €1,084,590 | €1,167,020 | +€82,430 | +7.6% |
| Stocks and contracts in progress | 3 | €1,725 | €1,766 | +€42 | +2.4% |
| Stocks | 30/36 | €1,725 | €1,766 | +€42 | +2.4% |
| Amounts receivable within one year | 40/41 | €1,015 | €1,048 | +€33 | +3.2% |
| Other amounts receivable | 41 | €1,015 | €1,048 | +€33 | +3.2% |
| Current investments | 50/53 | €693,525 | €759,200 | +€65,675 | +9.5% |
| Cash at bank and in hand | 54/58 | €383,732 | €393,935 | +€10,202 | +2.7% |
| Deferred charges and accrued income | 490/1 | €4,593 | €11,072 | +€6,479 | +141.1% |
| Total equity and liabilities | 10/49 | €1,142,745 | €1,207,252 | +€64,507 | +5.6% |
| Equity | 10/15 | €1,132,382 | €1,185,916 | +€53,534 | +4.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,113,632 | €1,167,166 | +€53,534 | +4.8% |
| Distributable reserves | 133 | €1,113,632 | €1,167,166 | +€53,534 | +4.8% |
| Amounts payable | 17/49 | €10,362 | €21,336 | +€10,973 | +105.9% |
| Amounts payable within one year | 42/48 | €9,348 | €21,123 | +€11,774 | +125.9% |
| Trade debts | 44 | €2,707 | €5,444 | +€2,737 | +101.1% |
| Suppliers | 440/4 | €2,707 | €5,444 | +€2,737 | +101.1% |
| Taxes, remuneration and social security | 45 | €6,641 | €15,679 | +€9,038 | +136.1% |
| Taxes | 450/3 | €3,241 | €12,279 | +€9,038 | +278.8% |
| Remuneration and social security | 454/9 | €3,400 | €3,400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,014 | €213 | -€801 | -79.0% |
| Remuneration, social security and pensions | 62 | €169 | €119 | -€50 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,638 | €17,923 | -€715 | -3.8% |
| Other operating charges | 640/8 | €1,377 | €1,708 | +€331 | +24.1% |
| Gross operating margin | 9900 | €210,951 | €238,364 | +€27,414 | +13.0% |
| Operating profit (loss) | 9901 | €190,766 | €218,614 | +€27,847 | +14.6% |
| Financial income | 75/76B | €24,072 | €34,741 | +€10,668 | +44.3% |
| Recurring financial income | 75 | €24,072 | €34,741 | +€10,668 | +44.3% |
| Financial charges | 65/66B | €1,415 | €1,545 | +€130 | +9.2% |
| Recurring financial charges | 65 | €1,415 | €1,545 | +€130 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €213,423 | €251,809 | +€38,386 | +18.0% |
| Income taxes | 67/77 | €63,991 | €76,276 | +€12,285 | +19.2% |
| Profit (loss) for the period | 9904 | €149,433 | €175,534 | +€26,101 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €149,433 | €175,534 | +€26,101 | +17.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.