Donwel Systems: 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.
Donwel Systems
Largest movements
- Tangible fixed assets +€21,115
up €21,115 (+37.3%), from €56,592 to €77,707
- Cash -€12,267
down €12,267 (-41.4%), from €29,599 to €17,332
mainly Investment in fixed assets (net) (-€36,386) and Contributions, distributions and other (-€10,000)
- Receivables within one year -€8,927
down €8,927 (-29.7%), from €30,095 to €21,168
of which Other amounts receivable: -€10,387
- Debts after one year +€12,311
up €12,311 (+28.9%), from €42,596 to €54,907
- Profit (loss) carried forward -€11,865
down €11,865 (-37.0%), from €32,089 to €20,224
- Current portion of long-term debt +€4,694
up €4,694 (+60.8%), from €7,723 to €12,417
- Tax, wage and social debts -€3,142
no longer reported in 2025 (was €3,142)
- Other debts -€2,000
down €2,000 (-16.7%), from €12,000 to €10,000
- Gross operating margin -€37,552
down €37,552 (-65.3%), from €57,510 to €19,958
- Taxes -€6,401
down €6,401 (-71.5%), from €8,948 to €2,547
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 | €117,146 | €117,143 | -€3 | 0.0% |
| Fixed assets | 21/28 | €56,592 | €77,707 | +€21,115 | +37.3% |
| Tangible fixed assets | 22/27 | €56,592 | €77,707 | +€21,115 | +37.3% |
| Furniture and vehicles | 24 | €56,592 | €77,707 | +€21,115 | +37.3% |
| Current assets | 29/58 | €60,554 | €39,435 | -€21,119 | -34.9% |
| Amounts receivable within one year | 40/41 | €30,095 | €21,168 | -€8,927 | -29.7% |
| Trade receivables | 40 | €9,675 | €11,135 | +€1,460 | +15.1% |
| Other amounts receivable | 41 | €20,420 | €10,033 | -€10,387 | -50.9% |
| Cash at bank and in hand | 54/58 | €29,599 | €17,332 | -€12,267 | -41.4% |
| Deferred charges and accrued income | 490/1 | €860 | €935 | +€76 | +8.8% |
| Total equity and liabilities | 10/49 | €117,146 | €117,143 | -€3 | 0.0% |
| Equity | 10/15 | €50,689 | €38,824 | -€11,865 | -23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,089 | €20,224 | -€11,865 | -37.0% |
| Amounts payable | 17/49 | €66,457 | €78,319 | +€11,862 | +17.8% |
| Amounts payable after more than one year | 17 | €42,596 | €54,907 | +€12,311 | +28.9% |
| Financial debts | 170/4 | €42,596 | €54,907 | +€12,311 | +28.9% |
| Amounts payable within one year | 42/48 | €23,861 | €23,367 | -€493 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €7,723 | €12,417 | +€4,694 | +60.8% |
| Trade debts | 44 | €996 | €950 | -€46 | -4.6% |
| Suppliers | 440/4 | €996 | €950 | -€46 | -4.6% |
| Taxes, remuneration and social security | 45 | €3,142 | - | -€3,142 | |
| Remuneration and social security | 454/9 | €3,142 | - | -€3,142 | |
| Other amounts payable | 47/48 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Accrued charges and deferred income | 492/3 | - | €44 | +€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,212 | €15,271 | +€59 | +0.4% |
| Other operating charges | 640/8 | €1,220 | €1,506 | +€286 | +23.4% |
| Gross operating margin | 9900 | €57,510 | €19,958 | -€37,552 | -65.3% |
| Operating profit (loss) | 9901 | €41,078 | €3,181 | -€37,897 | -92.3% |
| Financial charges | 65/66B | €2,601 | €2,499 | -€102 | -3.9% |
| Recurring financial charges | 65 | €2,601 | €2,499 | -€102 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €38,477 | €682 | -€37,795 | -98.2% |
| Income taxes | 67/77 | €8,948 | €2,547 | -€6,401 | -71.5% |
| Profit (loss) for the period | 9904 | €29,529 | -€1,865 | -€31,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,529 | -€1,865 | -€31,394 |
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 19 October 2026 via checked.be.