Dewulf Invest: what changed
What changed
Dewulf Invest
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€4,319
2024 · €2,506+€1,812
Equity
€8.0m
2024 · €8.0m+€4,319
Cash
€9,151
2024 · €5,898+€3,253
Balance sheet total
€15.1m
2024 · €15.0m+€88,136
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Services and other goods -€1,577
down €1,577 (-12.0%), from €13,143 to €11,566
- Financial charges -€893
down €893 (-0.3%), from €351,573 to €350,680
- Taxes +€645
up €645 (+77.2%), from €835 to €1,480
- Financial income -€305
down €305 (-0.1%), from €338,478 to €338,173
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,506
Services and other goods
+€1,577
Depreciation
+€294
Other operating charges
-€2
Financial income
-€305
Financial charges
+€893
Taxes
-€645
Result 2025
€4,319
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€10,133
Investment
-€6,881
Financing
€0
Cash 2024
€5,898
From operations (derived)
+€10,133
Net result for the year
+€4,319
Receivables within one year
+€1,952
Deferred charges and accrued income
-€79,954
Trade debts
-€5,785
Tax, wage and social debts
+€1,382
Accrued charges and deferred income
+€88,219
Investment (derived)
-€6,881
Investment in fixed assets (net)
-€6,881
Cash 2025
€9,151
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,038,479 | €15,126,615 | +€88,136 | +0.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €14,983,899 | €14,990,779 | +€6,881 | 0.0% |
| Financial fixed assets | 28 | €14,983,899 | €14,990,779 | +€6,881 | 0.0% |
| Affiliated companies | 280/1 | €14,983,899 | €14,990,779 | +€6,881 | 0.0% |
| Participating interests | 280 | €8,046,316 | €8,046,316 | = | 0.0% |
| Amounts receivable | 281 | €6,937,583 | €6,944,464 | +€6,881 | +0.1% |
| Current assets | 29/58 | €54,581 | €135,836 | +€81,255 | +149% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €11,027 | €9,075 | -€1,952 | -17.7% |
| Trade receivables | 40 | €9,075 | €9,075 | = | 0.0% |
| Other amounts receivable | 41 | €1,952 | €0 | -€1,952 | -100% |
| Cash at bank and in hand | 54/58 | €5,898 | €9,151 | +€3,253 | +55.1% |
| Deferred charges and accrued income | 490/1 | €37,656 | €117,610 | +€79,954 | +212% |
| Total equity and liabilities | 10/49 | €15,038,479 | €15,126,615 | +€88,136 | +0.6% |
| Equity | 10/15 | €8,026,164 | €8,030,482 | +€4,319 | +0.1% |
| Contributions | 10/11 | €8,000,000 | €8,000,000 | = | 0.0% |
| Capital | 10 | €8,000,000 | €8,000,000 | = | 0.0% |
| Issued capital | 100 | €8,000,000 | €8,000,000 | = | 0.0% |
| Reserves | 13 | €26,164 | €30,482 | +€4,319 | +16.5% |
| Non-distributable reserves | 130/1 | €1,308 | €1,524 | +€216 | +16.5% |
| Legal reserve | 130 | €1,308 | €1,524 | +€216 | +16.5% |
| Distributable reserves | 133 | €24,855 | €28,958 | +€4,103 | +16.5% |
| Amounts payable | 17/49 | €7,012,316 | €7,096,133 | +€83,817 | +1.2% |
| Amounts payable after more than one year | 17 | €7,000,000 | €7,000,000 | = | 0.0% |
| Financial debts | 170/4 | €7,000,000 | €7,000,000 | = | 0.0% |
| Subordinated loans | 170 | €7,000,000 | €4,000,000 | -€3.0m | -42.9% |
| Other loans | 174 | - | €3,000,000 | +€3.0m | |
| Amounts payable within one year | 42/48 | €12,316 | €7,913 | -€4,402 | -35.7% |
| Trade debts | 44 | €11,757 | €5,973 | -€5,785 | -49.2% |
| Suppliers | 440/4 | €11,757 | €5,973 | -€5,785 | -49.2% |
| Taxes, remuneration and social security | 45 | €558 | €1,941 | +€1,382 | +248% |
| Taxes | 450/3 | €558 | €1,941 | +€1,382 | +248% |
| Accrued charges and deferred income | 492/3 | €0 | €88,219 | +€88,219 | |
| Operating income | 70/76A | €30,000 | €30,000 | = | 0.0% |
| Turnover | 70 | €30,000 | €30,000 | = | 0.0% |
| Operating charges | 60/66A | €13,563 | €11,694 | -€1,869 | -13.8% |
| Services and other goods | 61 | €13,143 | €11,566 | -€1,577 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294 | €0 | -€294 | -100% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Operating profit (loss) | 9901 | €16,437 | €18,306 | +€1,869 | +11.4% |
| Financial income | 75/76B | €338,478 | €338,173 | -€305 | -0.1% |
| Recurring financial income | 75 | €338,478 | €338,173 | -€305 | -0.1% |
| Income from financial fixed assets | 750 | €338,478 | €338,173 | -€305 | -0.1% |
| Financial charges | 65/66B | €351,573 | €350,680 | -€893 | -0.3% |
| Recurring financial charges | 65 | €351,573 | €350,680 | -€893 | -0.3% |
| Debt charges | 650 | €350,992 | €350,000 | -€992 | -0.3% |
| Other financial charges | 652/9 | €581 | €680 | +€99 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €3,342 | €5,799 | +€2,457 | +73.5% |
| Income taxes | 67/77 | €835 | €1,480 | +€645 | +77.2% |
| Taxes | 670/3 | €835 | €1,480 | +€645 | +77.2% |
| Profit (loss) for the period | 9904 | €2,506 | €4,319 | +€1,812 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,506 | €4,319 | +€1,812 | +72.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.