DNWTH: 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.
DNWTH
Largest movements
- Receivables after one year +€15,000
new in 2024: €15,000
- Cash -€4,360
down €4,360 (-17.3%), from €25,178 to €20,818
mainly Receivables after one year (-€15,000) and Tax, wage and social debts (-€7,340)
- Receivables within one year -€1,975
down €1,975 (-14.0%), from €14,100 to €12,124
- Formation expenses -€1,498
down €1,498 (-100.0%), from €1,498 to €0
- Tangible fixed assets +€1,001
up €1,001 (+74.3%), from €1,348 to €2,349
- Reserves +€14,781
up €14,781 (+63.9%), from €23,141 to €37,922
- Tax, wage and social debts -€7,340
down €7,340 (-45.5%), from €16,138 to €8,798
- Trade debts +€1,881
up €1,881 (+78.9%), from €2,383 to €4,263
- Other debts -€980
down €980 (-48.9%), from €2,002 to €1,023
- Gross operating margin -€3,751
down €3,751 (-11.8%), from €31,794 to €28,043
- Financial charges +€2,351
up €2,351 (+396.9%), from €592 to €2,944
- Taxes +€1,646
up €1,646 (+24.0%), from €6,843 to €8,489
- Depreciation +€1,328
up €1,328 (+203.4%), from €653 to €1,980
- Financial income +€472
new in 2024: €472
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,167 | €54,506 | +€8,339 | +18.1% |
| Formation expenses | 20 | €1,498 | €0 | -€1,498 | -100.0% |
| Fixed assets | 21/28 | €2,143 | €3,144 | +€1,001 | +46.7% |
| Tangible fixed assets | 22/27 | €1,348 | €2,349 | +€1,001 | +74.3% |
| Plant, machinery and equipment | 23 | €1,348 | €2,349 | +€1,001 | +74.3% |
| Financial fixed assets | 28 | €795 | €795 | = | 0.0% |
| Current assets | 29/58 | €42,526 | €51,361 | +€8,835 | +20.8% |
| Amounts receivable after more than one year | 29 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €14,100 | €12,124 | -€1,975 | -14.0% |
| Trade receivables | 40 | €14,100 | €12,124 | -€1,975 | -14.0% |
| Cash at bank and in hand | 54/58 | €25,178 | €20,818 | -€4,360 | -17.3% |
| Deferred charges and accrued income | 490/1 | €3,249 | €3,419 | +€171 | +5.3% |
| Total equity and liabilities | 10/49 | €46,167 | €54,506 | +€8,339 | +18.1% |
| Equity | 10/15 | €25,641 | €40,422 | +€14,781 | +57.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,141 | €37,922 | +€14,781 | +63.9% |
| Distributable reserves | 133 | €23,141 | €37,922 | +€14,781 | +63.9% |
| Amounts payable | 17/49 | €20,526 | €14,084 | -€6,442 | -31.4% |
| Amounts payable within one year | 42/48 | €20,523 | €14,084 | -€6,439 | -31.4% |
| Trade debts | 44 | €2,383 | €4,263 | +€1,881 | +78.9% |
| Suppliers | 440/4 | €2,383 | €4,263 | +€1,881 | +78.9% |
| Taxes, remuneration and social security | 45 | €16,138 | €8,798 | -€7,340 | -45.5% |
| Taxes | 450/3 | €16,138 | €8,798 | -€7,340 | -45.5% |
| Other amounts payable | 47/48 | €2,002 | €1,023 | -€980 | -48.9% |
| Accrued charges and deferred income | 492/3 | €3 | €0 | -€3 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €653 | €1,980 | +€1,328 | +203.4% |
| Other operating charges | 640/8 | €565 | €321 | -€243 | -43.1% |
| Gross operating margin | 9900 | €31,794 | €28,043 | -€3,751 | -11.8% |
| Operating profit (loss) | 9901 | €30,577 | €25,741 | -€4,836 | -15.8% |
| Financial income | 75/76B | - | €472 | +€472 | |
| Recurring financial income | 75 | - | €472 | +€472 | |
| Financial charges | 65/66B | €592 | €2,944 | +€2,351 | +396.9% |
| Recurring financial charges | 65 | €592 | €2,944 | +€2,351 | +396.9% |
| Profit (loss) for the period before taxes | 9903 | €29,984 | €23,270 | -€6,715 | -22.4% |
| Income taxes | 67/77 | €6,843 | €8,489 | +€1,646 | +24.0% |
| Profit (loss) for the period | 9904 | €23,141 | €14,781 | -€8,361 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,141 | €14,781 | -€8,361 | -36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.