DPW-SOLUTION: what changed
What changed
DPW-SOLUTION
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€85,915
2024 · €86,845-€929
Equity
€124,232
2024 · €118,317+€5,915
Cash
€122,077
2024 · €52,237+€69,840
Balance sheet total
€520,633
2024 · €551,492-€30,858
Largest movements
Assets
- Receivables within one year -€90,710
down €90,710 (-38.6%), from €235,275 to €144,565
of which Trade receivables: -€77,630
- Cash +€69,840
up €69,840 (+134%), from €52,237 to €122,077
mainly Receivables within one year (+€90,710) and Net result for the year (+€85,915)
Equity and liabilities
- Other debts -€20,753
down €20,753 (-20.6%), from €100,753 to €80,000
- Debts after one year -€13,807
down €13,807 (-17.9%), from €77,297 to €63,490
- Reserves +€5,915
up €5,915 (+5.9%), from €99,767 to €105,682
- Tax, wage and social debts -€5,763
down €5,763 (-91.0%), from €6,333 to €570
Income statement
- Financial charges -€8,410
down €8,410 (-47.1%), from €17,863 to €9,454
- Financial income -€5,010
down €5,010 (-55.2%), from €9,067 to €4,058
- Gross operating margin -€4,162
down €4,162 (-3.6%), from €114,988 to €110,825
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
€86,845
Gross operating margin
-€4,162
Depreciation
+€147
Other operating charges
-€1,008
Financial income
-€5,010
Financial charges
+€8,410
Taxes
+€694
Result 2025
€85,915
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
+€163,647
Investment
€0
Financing
-€93,807
Cash 2024
€52,237
From operations (derived)
+€163,647
Net result for the year
+€85,915
Depreciation
+€4,020
Stocks and contracts
+€4,511
Receivables within one year
+€90,710
Deferred charges and accrued income
+€1,458
Trade debts
+€5,453
Tax, wage and social debts
-€5,763
Other debts
-€20,753
Accrued charges and deferred income
-€1,904
Financing
-€93,807
Debts after one year
-€13,807
Contributions, distributions and other
-€80,000
Cash 2025
€122,077
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €551,492 | €520,633 | -€30,858 | -5.6% |
| Fixed assets | 21/28 | €9,986 | €5,966 | -€4,020 | -40.3% |
| Tangible fixed assets | 22/27 | €9,986 | €5,966 | -€4,020 | -40.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €9,986 | €5,966 | -€4,020 | -40.3% |
| Current assets | 29/58 | €541,505 | €514,667 | -€26,838 | -5.0% |
| Stocks and contracts in progress | 3 | €252,536 | €248,025 | -€4,511 | -1.8% |
| Stocks | 30/36 | €252,536 | €248,025 | -€4,511 | -1.8% |
| Amounts receivable within one year | 40/41 | €235,275 | €144,565 | -€90,710 | -38.6% |
| Trade receivables | 40 | €194,945 | €117,315 | -€77,630 | -39.8% |
| Other amounts receivable | 41 | €40,329 | €27,250 | -€13,079 | -32.4% |
| Cash at bank and in hand | 54/58 | €52,237 | €122,077 | +€69,840 | +134% |
| Deferred charges and accrued income | 490/1 | €1,458 | €0 | -€1,458 | -100% |
| Total equity and liabilities | 10/49 | €551,492 | €520,633 | -€30,858 | -5.6% |
| Equity | 10/15 | €118,317 | €124,232 | +€5,915 | +5.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €99,767 | €105,682 | +€5,915 | +5.9% |
| Distributable reserves | 133 | €99,767 | €105,682 | +€5,915 | +5.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €433,175 | €396,401 | -€36,774 | -8.5% |
| Amounts payable after more than one year | 17 | €77,297 | €63,490 | -€13,807 | -17.9% |
| Other amounts payable | 178/9 | €77,297 | €63,490 | -€13,807 | -17.9% |
| Amounts payable within one year | 42/48 | €353,973 | €332,911 | -€21,062 | -6.0% |
| Trade debts | 44 | €246,887 | €252,341 | +€5,453 | +2.2% |
| Suppliers | 440/4 | €246,887 | €252,341 | +€5,453 | +2.2% |
| Taxes, remuneration and social security | 45 | €6,333 | €570 | -€5,763 | -91.0% |
| Taxes | 450/3 | €6,333 | €570 | -€5,763 | -91.0% |
| Other amounts payable | 47/48 | €100,753 | €80,000 | -€20,753 | -20.6% |
| Accrued charges and deferred income | 492/3 | €1,904 | €0 | -€1,904 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,167 | €4,020 | -€147 | -3.5% |
| Other operating charges | 640/8 | €7,136 | €8,144 | +€1,008 | +14.1% |
| Gross operating margin | 9900 | €114,988 | €110,825 | -€4,162 | -3.6% |
| Operating profit (loss) | 9901 | €103,684 | €98,661 | -€5,023 | -4.8% |
| Financial income | 75/76B | €9,067 | €4,058 | -€5,010 | -55.2% |
| Recurring financial income | 75 | €9,067 | €4,058 | -€5,010 | -55.2% |
| Financial charges | 65/66B | €17,863 | €9,454 | -€8,410 | -47.1% |
| Recurring financial charges | 65 | €17,863 | €9,454 | -€8,410 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €94,889 | €93,265 | -€1,624 | -1.7% |
| Income taxes | 67/77 | €8,044 | €7,350 | -€694 | -8.6% |
| Profit (loss) for the period | 9904 | €86,845 | €85,915 | -€929 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,845 | €85,915 | -€929 | -1.1% |
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 6 November 2026 via checked.be.