DRWA: 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.
DRWA
Largest movements
- Tangible fixed assets +€177,904
up €177,904 (+11.8%), from €1.5m to €1.7m
of which Land and buildings: +€118,128
- Receivables within one year +€121,165
up €121,165 (+8.9%), from €1.4m to €1.5m
- Cash +€68,452
up €68,452 (+43.9%), from €155,869 to €224,321
mainly Net result for the year (+€532,821) and Tax, wage and social debts (+€85,307)
- Reserves +€316,460
up €316,460 (+13.1%), from €2.4m to €2.7m
- Tax, wage and social debts +€85,307
up €85,307 (+66.9%), from €127,482 to €212,789
- Debts after one year -€46,274
down €46,274 (-7.6%), from €609,709 to €563,435
- Gross operating margin +€218,097
up €218,097 (+36.9%), from €591,790 to €809,887
- Taxes +€63,437
up €63,437 (+32.3%), from €196,666 to €260,103
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 | €3,277,429 | €3,646,496 | +€369,067 | +11.3% |
| Fixed assets | 21/28 | €1,753,029 | €1,930,933 | +€177,904 | +10.1% |
| Tangible fixed assets | 22/27 | €1,503,029 | €1,680,933 | +€177,904 | +11.8% |
| Land and buildings | 22 | €1,495,966 | €1,614,094 | +€118,128 | +7.9% |
| Plant, machinery and equipment | 23 | €7,063 | €4,636 | -€2,427 | -34.4% |
| Furniture and vehicles | 24 | - | €62,203 | +€62,203 | |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €1,524,400 | €1,715,563 | +€191,163 | +12.5% |
| Amounts receivable within one year | 40/41 | €1,368,278 | €1,489,443 | +€121,165 | +8.9% |
| Other amounts receivable | 41 | €1,368,278 | €1,489,443 | +€121,165 | +8.9% |
| Cash at bank and in hand | 54/58 | €155,869 | €224,321 | +€68,452 | +43.9% |
| Deferred charges and accrued income | 490/1 | €253 | €1,799 | +€1,546 | +611.1% |
| Total equity and liabilities | 10/49 | €3,277,429 | €3,646,496 | +€369,067 | +11.3% |
| Equity | 10/15 | €2,435,233 | €2,751,693 | +€316,460 | +13.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,422,833 | €2,739,293 | +€316,460 | +13.1% |
| Distributable reserves | 133 | €2,422,833 | €2,739,293 | +€316,460 | +13.1% |
| Amounts payable | 17/49 | €842,196 | €894,803 | +€52,607 | +6.2% |
| Amounts payable after more than one year | 17 | €609,709 | €563,435 | -€46,274 | -7.6% |
| Financial debts | 170/4 | €609,709 | €563,435 | -€46,274 | -7.6% |
| Amounts payable within one year | 42/48 | €232,487 | €331,368 | +€98,881 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €94,184 | €113,540 | +€19,356 | +20.6% |
| Trade debts | 44 | €10,821 | €5,039 | -€5,782 | -53.4% |
| Suppliers | 440/4 | €10,821 | €5,039 | -€5,782 | -53.4% |
| Taxes, remuneration and social security | 45 | €127,482 | €212,789 | +€85,307 | +66.9% |
| Taxes | 450/3 | €127,482 | €212,789 | +€85,307 | +66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,471 | €18,232 | +€5,761 | +46.2% |
| Gross operating margin | 9900 | €591,790 | €809,887 | +€218,097 | +36.9% |
| Operating profit (loss) | 9901 | €579,319 | €791,655 | +€212,336 | +36.7% |
| Financial income | 75/76B | €20,798 | €22,976 | +€2,178 | +10.5% |
| Recurring financial income | 75 | €20,798 | €22,976 | +€2,178 | +10.5% |
| Financial charges | 65/66B | €20,330 | €21,707 | +€1,377 | +6.8% |
| Recurring financial charges | 65 | €20,330 | €21,707 | +€1,377 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €579,787 | €792,924 | +€213,137 | +36.8% |
| Income taxes | 67/77 | €196,666 | €260,103 | +€63,437 | +32.3% |
| Profit (loss) for the period | 9904 | €383,121 | €532,821 | +€149,700 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €383,121 | €532,821 | +€149,700 | +39.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.