DEWINTER Heating Solutions: 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.
DEWINTER Heating Solutions
Largest movements
- Stocks and contracts +€15,953
new in 2025: €15,953
- Receivables within one year -€10,476
down €10,476 (-42.5%), from €24,625 to €14,149
of which Trade receivables: -€10,428
- Cash -€8,502
down €8,502 (-27.5%), from €30,877 to €22,375
mainly Stocks and contracts (-€15,953) and Trade debts (-€10,294)
- Trade debts -€10,294
down €10,294 (-28.9%), from €35,642 to €25,348
- Profit (loss) carried forward +€3,523
up €3,523 (+17.4%), from -€20,302 to -€16,779
- Other debts +€1,752
up €1,752 (+6.9%), from €25,297 to €27,049
- Tax, wage and social debts +€1,619
up €1,619 (+161.9%), from €1,000 to €2,619
- Gross operating margin -€11,692
down €11,692 (-55.2%), from €21,184 to €9,491
- Taxes +€554
up €554 (+344.5%), from €161 to €715
- Depreciation +€337
up €337 (+31.5%), from €1,070 to €1,407
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 | €60,258 | €56,837 | -€3,421 | -5.7% |
| Fixed assets | 21/28 | €4,372 | €4,187 | -€185 | -4.2% |
| Tangible fixed assets | 22/27 | €3,997 | €3,812 | -€185 | -4.6% |
| Plant, machinery and equipment | 23 | €3,997 | €3,812 | -€185 | -4.6% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €55,886 | €52,650 | -€3,237 | -5.8% |
| Stocks and contracts in progress | 3 | - | €15,953 | +€15,953 | |
| Stocks | 30/36 | - | €15,953 | +€15,953 | |
| Amounts receivable within one year | 40/41 | €24,625 | €14,149 | -€10,476 | -42.5% |
| Trade receivables | 40 | €19,251 | €8,823 | -€10,428 | -54.2% |
| Other amounts receivable | 41 | €5,374 | €5,326 | -€48 | -0.9% |
| Cash at bank and in hand | 54/58 | €30,877 | €22,375 | -€8,502 | -27.5% |
| Deferred charges and accrued income | 490/1 | €385 | €173 | -€212 | -55.2% |
| Total equity and liabilities | 10/49 | €60,258 | €56,837 | -€3,421 | -5.7% |
| Equity | 10/15 | -€1,680 | €1,821 | +€3,501 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22 | €0 | -€22 | -100.0% |
| Distributable reserves | 133 | €22 | €0 | -€22 | -100.0% |
| Profit (loss) carried forward | 14 | -€20,302 | -€16,779 | +€3,523 | +17.4% |
| Amounts payable | 17/49 | €61,939 | €55,016 | -€6,923 | -11.2% |
| Amounts payable within one year | 42/48 | €61,939 | €55,016 | -€6,923 | -11.2% |
| Trade debts | 44 | €35,642 | €25,348 | -€10,294 | -28.9% |
| Suppliers | 440/4 | €35,642 | €25,348 | -€10,294 | -28.9% |
| Taxes, remuneration and social security | 45 | €1,000 | €2,619 | +€1,619 | +161.9% |
| Taxes | 450/3 | €1,000 | €2,619 | +€1,619 | +161.9% |
| Other amounts payable | 47/48 | €25,297 | €27,049 | +€1,752 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,070 | €1,407 | +€337 | +31.5% |
| Other operating charges | 640/8 | €755 | €714 | -€40 | -5.4% |
| Non-recurring operating charges | 66A | €1,398 | €1,121 | -€277 | -19.8% |
| Gross operating margin | 9900 | €21,184 | €9,491 | -€11,692 | -55.2% |
| Operating profit (loss) | 9901 | €17,961 | €6,249 | -€11,712 | -65.2% |
| Financial income | 75/76B | €9 | €9 | +€1 | +6.5% |
| Recurring financial income | 75 | €9 | €9 | +€1 | +6.5% |
| Financial charges | 65/66B | €2,163 | €2,042 | -€121 | -5.6% |
| Recurring financial charges | 65 | €2,163 | €2,042 | -€121 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €15,807 | €4,216 | -€11,590 | -73.3% |
| Income taxes | 67/77 | €161 | €715 | +€554 | +344.5% |
| Profit (loss) for the period | 9904 | €15,646 | €3,501 | -€12,145 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,646 | €3,501 | -€12,145 | -77.6% |
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 3 October 2026 via checked.be.