Dewulf Technics: 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.
Dewulf Technics
Largest movements
- Receivables within one year +€44,920
up €44,920 (+136.4%), from €32,925 to €77,845
of which Trade receivables: +€28,733
- Cash +€25,383
up €25,383 (+97.3%), from €26,077 to €51,460
mainly Net result for the year (+€58,786) and Depreciation (+€26,407)
- Current investments +€4,390
new in 2025: €4,390
- Profit (loss) carried forward +€58,786
up €58,786 (+6867.3%), from €856 to €59,642
- Current portion of long-term debt +€10,331
up €10,331 (+55.9%), from €18,486 to €28,816
- Debts after one year +€7,017
up €7,017 (+5.9%), from €119,892 to €126,909
- Depreciation -€12,895
down €12,895 (-32.8%), from €39,302 to €26,407
- Gross operating margin -€4,405
down €4,405 (-4.0%), from €111,482 to €107,077
- Financial charges +€2,023
up €2,023 (+60.2%), from €3,358 to €5,381
- Taxes -€1,365
down €1,365 (-8.9%), from €15,319 to €13,955
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 | €284,109 | €361,783 | +€77,674 | +27.3% |
| Fixed assets | 21/28 | €223,220 | €224,630 | +€1,410 | +0.6% |
| Intangible fixed assets | 21 | €140 | €70 | -€70 | -50.0% |
| Tangible fixed assets | 22/27 | €223,080 | €224,560 | +€1,480 | +0.7% |
| Land and buildings | 22 | €121,162 | €119,284 | -€1,877 | -1.5% |
| Plant, machinery and equipment | 23 | €6,561 | €6,058 | -€503 | -7.7% |
| Furniture and vehicles | 24 | €95,358 | €99,218 | +€3,860 | +4.0% |
| Current assets | 29/58 | €60,889 | €137,153 | +€76,264 | +125.3% |
| Amounts receivable within one year | 40/41 | €32,925 | €77,845 | +€44,920 | +136.4% |
| Trade receivables | 40 | €15,758 | €44,492 | +€28,733 | +182.3% |
| Other amounts receivable | 41 | €17,166 | €33,353 | +€16,187 | +94.3% |
| Current investments | 50/53 | - | €4,390 | +€4,390 | |
| Cash at bank and in hand | 54/58 | €26,077 | €51,460 | +€25,383 | +97.3% |
| Deferred charges and accrued income | 490/1 | €1,887 | €3,457 | +€1,570 | +83.2% |
| Total equity and liabilities | 10/49 | €284,109 | €361,783 | +€77,674 | +27.3% |
| Equity | 10/15 | €125,856 | €184,642 | +€58,786 | +46.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €120,000 | €120,000 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €856 | €59,642 | +€58,786 | +6867.3% |
| Amounts payable | 17/49 | €158,253 | €177,140 | +€18,887 | +11.9% |
| Amounts payable after more than one year | 17 | €119,892 | €126,909 | +€7,017 | +5.9% |
| Financial debts | 170/4 | €119,892 | €126,909 | +€7,017 | +5.9% |
| Amounts payable within one year | 42/48 | €38,361 | €50,232 | +€11,870 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €18,486 | €28,816 | +€10,331 | +55.9% |
| Trade debts | 44 | €1,151 | €4,746 | +€3,596 | +312.5% |
| Suppliers | 440/4 | €1,151 | €4,746 | +€3,596 | +312.5% |
| Taxes, remuneration and social security | 45 | €18,725 | €16,669 | -€2,056 | -11.0% |
| Taxes | 450/3 | €18,725 | €16,669 | -€2,056 | -11.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,986 | €0 | -€3,986 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,302 | €26,407 | -€12,895 | -32.8% |
| Other operating charges | 640/8 | €553 | €1,084 | +€532 | +96.3% |
| Non-recurring operating charges | 66A | €12,644 | €1,758 | -€10,886 | -86.1% |
| Gross operating margin | 9900 | €111,482 | €107,077 | -€4,405 | -4.0% |
| Operating profit (loss) | 9901 | €58,984 | €77,828 | +€18,844 | +31.9% |
| Financial income | 75/76B | €61 | €295 | +€234 | +385.6% |
| Recurring financial income | 75 | €61 | €295 | +€234 | +385.6% |
| Financial charges | 65/66B | €3,358 | €5,381 | +€2,023 | +60.2% |
| Recurring financial charges | 65 | €3,358 | €5,381 | +€2,023 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | €55,686 | €72,741 | +€17,054 | +30.6% |
| Income taxes | 67/77 | €15,319 | €13,955 | -€1,365 | -8.9% |
| Profit (loss) for the period | 9904 | €40,367 | €58,786 | +€18,419 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,367 | €58,786 | +€18,419 | +45.6% |
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 29 September 2026 via checked.be.