DEWYVAR: 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.
DEWYVAR
Largest movements
- Cash +€450,940
up €450,940 (+2,610%), from €17,279 to €468,219
mainly Net result for the year (+€436,315) and Tax, wage and social debts (+€22,970)
- Reserves +€435,482
up €435,482 (+81.4%), from €534,726 to €970,209
of which Distributable reserves: +€246,032
- Debts after one year -€32,475
down €32,475 (-4.9%), from €663,007 to €630,532
of which Financial debts: -€40,000
- Gross operating margin +€586,917
up €586,917 (+722%), from €81,261 to €668,178
- Taxes +€162,749
up €162,749 (+2,422%), from €6,720 to €169,469
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.
Derived cash bridge
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 | €1,890,274 | €2,319,571 | +€429,296 | +22.7% |
| Fixed assets | 21/28 | €1,848,476 | €1,825,696 | -€22,781 | -1.2% |
| Tangible fixed assets | 22/27 | €648,476 | €625,696 | -€22,781 | -3.5% |
| Land and buildings | 22 | €594,697 | €587,121 | -€7,576 | -1.3% |
| Furniture and vehicles | 24 | €53,779 | €38,574 | -€15,205 | -28.3% |
| Financial fixed assets | 28 | €1,200,000 | €1,200,000 | = | 0.0% |
| Current assets | 29/58 | €41,798 | €493,875 | +€452,077 | +1,082% |
| Amounts receivable within one year | 40/41 | €21,868 | €23,057 | +€1,189 | +5.4% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €9,768 | €10,957 | +€1,189 | +12.2% |
| Cash at bank and in hand | 54/58 | €17,279 | €468,219 | +€450,940 | +2,610% |
| Deferred charges and accrued income | 490/1 | €2,650 | €2,599 | -€51 | -1.9% |
| Total equity and liabilities | 10/49 | €1,890,274 | €2,319,571 | +€429,296 | +22.7% |
| Equity | 10/15 | €1,139,726 | €1,575,209 | +€435,482 | +38.2% |
| Contributions | 10/11 | €605,000 | €605,000 | = | 0.0% |
| Reserves | 13 | €534,726 | €970,209 | +€435,482 | +81.4% |
| Tax-exempt reserves | 132 | - | €189,450 | +€189,450 | |
| Distributable reserves | 133 | €534,726 | €780,759 | +€246,032 | +46.0% |
| Amounts payable | 17/49 | €750,548 | €744,362 | -€6,186 | -0.8% |
| Amounts payable after more than one year | 17 | €663,007 | €630,532 | -€32,475 | -4.9% |
| Financial debts | 170/4 | €200,000 | €160,000 | -€40,000 | -20.0% |
| Other amounts payable | 178/9 | €463,008 | €470,533 | +€7,525 | +1.6% |
| Amounts payable within one year | 42/48 | €53,793 | €74,329 | +€20,537 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €7,369 | €4,935 | -€2,433 | -33.0% |
| Suppliers | 440/4 | €7,369 | €4,935 | -€2,433 | -33.0% |
| Taxes, remuneration and social security | 45 | €5,591 | €28,561 | +€22,970 | +411% |
| Taxes | 450/3 | €5,591 | €28,561 | +€22,970 | +411% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €33,748 | €39,500 | +€5,752 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,781 | €22,781 | = | 0.0% |
| Other operating charges | 640/8 | €3,719 | €3,577 | -€142 | -3.8% |
| Gross operating margin | 9900 | €81,261 | €668,178 | +€586,917 | +722% |
| Operating profit (loss) | 9901 | €54,762 | €641,821 | +€587,059 | +1,072% |
| Financial income | 75/76B | €0 | €2,480 | +€2,480 | +3,100,125% |
| Recurring financial income | 75 | €0 | €2,480 | +€2,480 | +3,100,125% |
| Financial charges | 65/66B | €33,159 | €38,516 | +€5,357 | +16.2% |
| Recurring financial charges | 65 | €33,159 | €38,516 | +€5,357 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €21,603 | €605,785 | +€584,182 | +2,704% |
| Income taxes | 67/77 | €6,720 | €169,469 | +€162,749 | +2,422% |
| Profit (loss) for the period | 9904 | €14,883 | €436,315 | +€421,433 | +2,832% |
| Transfer to tax-exempt reserves | 689 | - | €189,450 | +€189,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,883 | €246,865 | +€231,983 | +1,559% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.