DRWVDM: 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.
DRWVDM
Largest movements
- Cash -€165,866
down €165,866 (-99.9%), from €166,079 to €213
mainly Contributions, distributions and other (-€304,647) and Deferred charges and accrued income (-€78,881)
- Deferred charges and accrued income +€78,881
up €78,881 (+1,590%), from €4,962 to €83,843
- Tangible fixed assets -€3,452
down €3,452 (-10.7%), from €32,350 to €28,899
of which Furniture and vehicles: -€2,993
- Profit (loss) carried forward -€201,317
down €201,317 (-99.7%), from €201,873 to €555
- Other debts +€105,000
new in 2025: €105,000
- Tax, wage and social debts +€3,932
up €3,932 (+226%), from €1,736 to €5,668
of which Remuneration and social security: +€3,000
- Gross operating margin -€53,238
down €53,238 (-27.6%), from €193,064 to €139,825
- Taxes -€14,481
down €14,481 (-31.9%), from €45,439 to €30,958
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 | €212,222 | €119,770 | -€92,452 | -43.6% |
| Fixed assets | 21/28 | €32,350 | €28,899 | -€3,452 | -10.7% |
| Tangible fixed assets | 22/27 | €32,350 | €28,899 | -€3,452 | -10.7% |
| Furniture and vehicles | 24 | €27,249 | €24,256 | -€2,993 | -11.0% |
| Other tangible fixed assets | 26 | €5,102 | €4,643 | -€459 | -9.0% |
| Current assets | 29/58 | €179,872 | €90,872 | -€89,000 | -49.5% |
| Amounts receivable within one year | 40/41 | €8,831 | €6,816 | -€2,015 | -22.8% |
| Other amounts receivable | 41 | €8,831 | €6,816 | -€2,015 | -22.8% |
| Cash at bank and in hand | 54/58 | €166,079 | €213 | -€165,866 | -99.9% |
| Deferred charges and accrued income | 490/1 | €4,962 | €83,843 | +€78,881 | +1,590% |
| Total equity and liabilities | 10/49 | €212,222 | €119,770 | -€92,452 | -43.6% |
| Equity | 10/15 | €207,873 | €6,555 | -€201,317 | -96.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,873 | €555 | -€201,317 | -99.7% |
| Amounts payable | 17/49 | €4,350 | €113,215 | +€108,865 | +2,503% |
| Amounts payable within one year | 42/48 | €4,174 | €111,856 | +€107,683 | +2,580% |
| Financial debts | 43 | - | €51 | +€51 | |
| Credit institutions | 430/8 | - | €51 | +€51 | |
| Trade debts | 44 | €2,437 | €1,138 | -€1,300 | -53.3% |
| Suppliers | 440/4 | €2,437 | €1,138 | -€1,300 | -53.3% |
| Taxes, remuneration and social security | 45 | €1,736 | €5,668 | +€3,932 | +226% |
| Taxes | 450/3 | €1,736 | €2,668 | +€932 | +53.6% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | - | €105,000 | +€105,000 | |
| Accrued charges and deferred income | 492/3 | €176 | €1,358 | +€1,182 | +672% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,741 | €4,710 | +€968 | +25.9% |
| Other operating charges | 640/8 | €141 | €680 | +€539 | +384% |
| Gross operating margin | 9900 | €193,064 | €139,825 | -€53,238 | -27.6% |
| Operating profit (loss) | 9901 | €189,182 | €134,436 | -€54,746 | -28.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €190 | €149 | -€41 | -21.6% |
| Recurring financial charges | 65 | €190 | €149 | -€41 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €188,992 | €134,288 | -€54,704 | -28.9% |
| Income taxes | 67/77 | €45,439 | €30,958 | -€14,481 | -31.9% |
| Profit (loss) for the period | 9904 | €143,553 | €103,330 | -€40,223 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €143,553 | €103,330 | -€40,223 | -28.0% |
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 15 October 2026 via checked.be.