DEWOLUX: 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.
DEWOLUX
Largest movements
- Receivables within one year +€60,856
up €60,856 (+17.9%), from €340,848 to €401,704
of which Trade receivables: +€67,451
- Cash -€44,798
down €44,798 (-22.1%), from €202,896 to €158,098
mainly Receivables within one year (-€60,856) and Accrued charges and deferred income (-€16,737)
- Reserves +€43,429
up €43,429 (+16.3%), from €266,358 to €309,788
- Accrued charges and deferred income -€16,737
down €16,737 (-98.7%), from €16,954 to €217
- Other debts -€11,281
no longer reported in 2025 (was €11,281)
- Trade debts -€11,263
down €11,263 (-17.1%), from €65,985 to €54,722
- Tax, wage and social debts +€8,123
up €8,123 (+92.2%), from €8,811 to €16,934
of which Taxes: +€8,623
- Gross operating margin -€55,584
down €55,584 (-36.3%), from €153,202 to €97,617
- Taxes -€15,491
down €15,491 (-34.6%), from €44,711 to €29,220
- Other operating charges -€3,175
down €3,175 (-52.9%), from €6,000 to €2,825
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 | €565,371 | €577,643 | +€12,272 | +2.2% |
| Fixed assets | 21/28 | €7,133 | €5,051 | -€2,082 | -29.2% |
| Tangible fixed assets | 22/27 | €7,091 | €5,009 | -€2,082 | -29.4% |
| Land and buildings | 22 | €4,448 | €1,522 | -€2,926 | -65.8% |
| Plant, machinery and equipment | 23 | €2,643 | €3,487 | +€844 | +31.9% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €558,238 | €572,592 | +€14,354 | +2.6% |
| Stocks and contracts in progress | 3 | €12,251 | €11,100 | -€1,151 | -9.4% |
| Stocks | 30/36 | €12,251 | €11,100 | -€1,151 | -9.4% |
| Amounts receivable within one year | 40/41 | €340,848 | €401,704 | +€60,856 | +17.9% |
| Trade receivables | 40 | €329,007 | €396,458 | +€67,451 | +20.5% |
| Other amounts receivable | 41 | €11,841 | €5,246 | -€6,595 | -55.7% |
| Cash at bank and in hand | 54/58 | €202,896 | €158,098 | -€44,798 | -22.1% |
| Deferred charges and accrued income | 490/1 | €2,244 | €1,690 | -€554 | -24.7% |
| Total equity and liabilities | 10/49 | €565,371 | €577,643 | +€12,272 | +2.2% |
| Equity | 10/15 | €460,207 | €503,637 | +€43,429 | +9.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €266,358 | €309,788 | +€43,429 | +16.3% |
| Distributable reserves | 133 | €266,358 | €309,788 | +€43,429 | +16.3% |
| Profit (loss) carried forward | 14 | €187,652 | €187,652 | = | 0.0% |
| Amounts payable | 17/49 | €105,164 | €74,006 | -€31,157 | -29.6% |
| Amounts payable within one year | 42/48 | €88,210 | €73,790 | -€14,421 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €2,133 | €2,133 | = | 0.0% |
| Trade debts | 44 | €65,985 | €54,722 | -€11,263 | -17.1% |
| Suppliers | 440/4 | €65,985 | €54,722 | -€11,263 | -17.1% |
| Taxes, remuneration and social security | 45 | €8,811 | €16,934 | +€8,123 | +92.2% |
| Taxes | 450/3 | €8,311 | €16,934 | +€8,623 | +103.8% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €11,281 | - | -€11,281 | |
| Accrued charges and deferred income | 492/3 | €16,954 | €217 | -€16,737 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,179 | €5,182 | +€3 | +0.1% |
| Other operating charges | 640/8 | €6,000 | €2,825 | -€3,175 | -52.9% |
| Gross operating margin | 9900 | €153,202 | €97,617 | -€55,584 | -36.3% |
| Operating profit (loss) | 9901 | €142,023 | €89,610 | -€52,413 | -36.9% |
| Financial income | 75/76B | €32 | €115 | +€84 | +264.5% |
| Recurring financial income | 75 | €32 | €115 | +€84 | +264.5% |
| Financial charges | 65/66B | €2,339 | €999 | -€1,340 | -57.3% |
| Recurring financial charges | 65 | €2,339 | €999 | -€1,340 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €139,715 | €88,726 | -€50,989 | -36.5% |
| Income taxes | 67/77 | €44,711 | €29,220 | -€15,491 | -34.6% |
| Profit (loss) for the period | 9904 | €95,005 | €59,507 | -€35,498 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,005 | €59,507 | -€35,498 | -37.4% |
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 10 October 2026 via checked.be.