Dewover: 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.
Dewover
Largest movements
- Deferred charges and accrued income +€275,201
up €275,201 (+98.0%), from €280,800 to €556,001
- Receivables after one year -€125,000
no longer reported in 2025 (was €125,000)
- Cash +€73,437
up €73,437 (+15.3%), from €479,139 to €552,577
mainly Net result for the year (+€1.1m) and Other debts (+€786,148)
- Tangible fixed assets +€67,851
up €67,851 (+217.8%), from €31,160 to €99,011
of which Other tangible fixed assets: +€37,996
- Financial fixed assets -€60,000
down €60,000 (-79.7%), from €75,250 to €15,250
- Reserves -€812,432
down €812,432 (-99.9%), from €813,158 to €726
- Other debts +€786,148
up €786,148 (+580.3%), from €135,475 to €921,623
- Tax, wage and social debts +€248,194
up €248,194 (+274.1%), from €90,563 to €338,757
- Trade debts +€52,351
up €52,351 (+1257.5%), from €4,163 to €56,514
- Gross operating margin +€300,156
up €300,156 (+24.5%), from €1.2m to €1.5m
- Taxes +€75,524
up €75,524 (+25.2%), from €299,487 to €375,011
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 | €1,057,578 | €1,318,411 | +€260,833 | +24.7% |
| Fixed assets | 21/28 | €107,639 | €114,475 | +€6,836 | +6.4% |
| Intangible fixed assets | 21 | €1,229 | €214 | -€1,015 | -82.6% |
| Tangible fixed assets | 22/27 | €31,160 | €99,011 | +€67,851 | +217.8% |
| Land and buildings | 22 | €7,191 | €5,993 | -€1,199 | -16.7% |
| Plant, machinery and equipment | 23 | €6,847 | €11,402 | +€4,555 | +66.5% |
| Furniture and vehicles | 24 | €17,122 | €43,621 | +€26,499 | +154.8% |
| Other tangible fixed assets | 26 | - | €37,996 | +€37,996 | |
| Financial fixed assets | 28 | €75,250 | €15,250 | -€60,000 | -79.7% |
| Current assets | 29/58 | €949,939 | €1,203,936 | +€253,997 | +26.7% |
| Amounts receivable after more than one year | 29 | €125,000 | - | -€125,000 | |
| Other amounts receivable | 291 | €125,000 | - | -€125,000 | |
| Amounts receivable within one year | 40/41 | - | €30,359 | +€30,359 | |
| Other amounts receivable | 41 | - | €30,359 | +€30,359 | |
| Current investments | 50/53 | €65,000 | €65,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €479,139 | €552,577 | +€73,437 | +15.3% |
| Deferred charges and accrued income | 490/1 | €280,800 | €556,001 | +€275,201 | +98.0% |
| Total equity and liabilities | 10/49 | €1,057,578 | €1,318,411 | +€260,833 | +24.7% |
| Equity | 10/15 | €813,258 | €826 | -€812,432 | -99.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €813,158 | €726 | -€812,432 | -99.9% |
| Distributable reserves | 133 | €813,158 | €726 | -€812,432 | -99.9% |
| Amounts payable | 17/49 | €244,320 | €1,317,585 | +€1.1m | +439.3% |
| Amounts payable within one year | 42/48 | €237,057 | €1,316,894 | +€1.1m | +455.5% |
| Current portion of amounts payable after more than one year | 42 | €6,856 | - | -€6,856 | |
| Trade debts | 44 | €4,163 | €56,514 | +€52,351 | +1257.5% |
| Suppliers | 440/4 | €4,163 | €56,514 | +€52,351 | +1257.5% |
| Taxes, remuneration and social security | 45 | €90,563 | €338,757 | +€248,194 | +274.1% |
| Taxes | 450/3 | €90,563 | €338,757 | +€248,194 | +274.1% |
| Other amounts payable | 47/48 | €135,475 | €921,623 | +€786,148 | +580.3% |
| Accrued charges and deferred income | 492/3 | €7,263 | €691 | -€6,572 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,889 | €28,012 | +€10,123 | +56.6% |
| Other operating charges | 640/8 | €2,240 | €2,306 | +€66 | +3.0% |
| Gross operating margin | 9900 | €1,227,269 | €1,527,426 | +€300,156 | +24.5% |
| Operating profit (loss) | 9901 | €1,207,141 | €1,497,108 | +€289,967 | +24.0% |
| Financial income | 75/76B | €14,942 | €17,097 | +€2,155 | +14.4% |
| Recurring financial income | 75 | €14,942 | €17,097 | +€2,155 | +14.4% |
| Financial charges | 65/66B | €10,937 | €1,468 | -€9,469 | -86.6% |
| Recurring financial charges | 65 | €10,937 | €1,468 | -€9,469 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | €1,211,146 | €1,512,737 | +€301,591 | +24.9% |
| Income taxes | 67/77 | €299,487 | €375,011 | +€75,524 | +25.2% |
| Profit (loss) for the period | 9904 | €911,659 | €1,137,726 | +€226,067 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €911,659 | €1,137,726 | +€226,067 | +24.8% |
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 12 October 2026 via checked.be.