DURWOOD: 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.
DURWOOD
Largest movements
- Receivables within one year +€522,328
up €522,328 (+51.9%), from €1.0m to €1.5m
of which Trade receivables: +€290,124
- Tangible fixed assets -€134,547
down €134,547 (-6.1%), from €2.2m to €2.1m
of which Plant, machinery and equipment: -€92,306
- Stocks and contracts -€87,133
down €87,133 (-12.8%), from €682,133 to €595,000
- Trade debts +€321,175
up €321,175 (+38.3%), from €838,181 to €1.2m
- Profit (loss) carried forward +€157,992
up €157,992 (+16.1%), from €981,851 to €1.1m
- Debts after one year -€132,155
down €132,155 (-10.6%), from €1.2m to €1.1m
- Other debts +€120,000
up €120,000 (+100%), from €119,950 to €239,950
- Current portion of long-term debt -€88,098
down €88,098 (-26.7%), from €329,498 to €241,400
- Gross operating margin -€139,832
down €139,832 (-12.3%), from €1.1m to €998,464
- Staff costs -€82,009
down €82,009 (-17.4%), from €470,535 to €388,525
- Taxes -€27,143
down €27,143 (-45.5%), from €59,687 to €32,543
- Financial income -€24,666
down €24,666 (-20.7%), from €119,290 to €94,624
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 | €4,257,732 | €4,601,116 | +€343,384 | +8.1% |
| Fixed assets | 21/28 | €2,228,774 | €2,108,825 | -€119,950 | -5.4% |
| Intangible fixed assets | 21 | €5,610 | €3,598 | -€2,012 | -35.9% |
| Tangible fixed assets | 22/27 | €2,213,961 | €2,079,414 | -€134,547 | -6.1% |
| Land and buildings | 22 | €1,338,731 | €1,324,157 | -€14,574 | -1.1% |
| Plant, machinery and equipment | 23 | €342,359 | €250,053 | -€92,306 | -27.0% |
| Furniture and vehicles | 24 | €14,211 | €14,952 | +€741 | +5.2% |
| Leasing and similar rights | 25 | €518,659 | €490,252 | -€28,407 | -5.5% |
| Financial fixed assets | 28 | €9,203 | €25,813 | +€16,610 | +180% |
| Current assets | 29/58 | €2,028,958 | €2,492,292 | +€463,334 | +22.8% |
| Stocks and contracts in progress | 3 | €682,133 | €595,000 | -€87,133 | -12.8% |
| Stocks | 30/36 | €682,133 | €595,000 | -€87,133 | -12.8% |
| Amounts receivable within one year | 40/41 | €1,007,206 | €1,529,534 | +€522,328 | +51.9% |
| Trade receivables | 40 | €837,957 | €1,128,081 | +€290,124 | +34.6% |
| Other amounts receivable | 41 | €169,249 | €401,453 | +€232,205 | +137% |
| Cash at bank and in hand | 54/58 | €324,766 | €344,569 | +€19,803 | +6.1% |
| Deferred charges and accrued income | 490/1 | €14,853 | €23,188 | +€8,335 | +56.1% |
| Total equity and liabilities | 10/49 | €4,257,732 | €4,601,116 | +€343,384 | +8.1% |
| Equity | 10/15 | €1,220,874 | €1,437,548 | +€216,674 | +17.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €981,851 | €1,139,843 | +€157,992 | +16.1% |
| Investment grants | 15 | €199,023 | €257,705 | +€58,682 | +29.5% |
| Amounts payable | 17/49 | €3,036,858 | €3,163,568 | +€126,710 | +4.2% |
| Amounts payable after more than one year | 17 | €1,249,735 | €1,117,580 | -€132,155 | -10.6% |
| Financial debts | 170/4 | €1,249,735 | €1,117,580 | -€132,155 | -10.6% |
| Amounts payable within one year | 42/48 | €1,602,958 | €1,902,519 | +€299,561 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €329,498 | €241,400 | -€88,098 | -26.7% |
| Financial debts | 43 | €150,020 | €150,000 | -€20 | 0.0% |
| Credit institutions | 430/8 | €150,020 | €150,000 | -€20 | 0.0% |
| Trade debts | 44 | €838,181 | €1,159,356 | +€321,175 | +38.3% |
| Suppliers | 440/4 | €838,181 | €1,159,356 | +€321,175 | +38.3% |
| Taxes, remuneration and social security | 45 | €165,310 | €111,813 | -€53,496 | -32.4% |
| Taxes | 450/3 | €131,080 | €82,353 | -€48,727 | -37.2% |
| Remuneration and social security | 454/9 | €34,230 | €29,460 | -€4,769 | -13.9% |
| Other amounts payable | 47/48 | €119,950 | €239,950 | +€120,000 | +100% |
| Accrued charges and deferred income | 492/3 | €184,165 | €143,469 | -€40,696 | -22.1% |
| Non-recurring operating income | 76A | €10,805 | €0 | -€10,805 | -100% |
| Remuneration, social security and pensions | 62 | €470,535 | €388,525 | -€82,009 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337,485 | €339,392 | +€1,907 | +0.6% |
| Other operating charges | 640/8 | €9,240 | €9,100 | -€140 | -1.5% |
| Gross operating margin | 9900 | €1,138,296 | €998,464 | -€139,832 | -12.3% |
| Operating profit (loss) | 9901 | €321,036 | €261,447 | -€59,589 | -18.6% |
| Financial income | 75/76B | €119,290 | €94,624 | -€24,666 | -20.7% |
| Recurring financial income | 75 | €119,290 | €94,624 | -€24,666 | -20.7% |
| Financial charges | 65/66B | €43,197 | €45,535 | +€2,338 | +5.4% |
| Recurring financial charges | 65 | €43,197 | €45,535 | +€2,338 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €397,129 | €310,536 | -€86,594 | -21.8% |
| Income taxes | 67/77 | €59,687 | €32,543 | -€27,143 | -45.5% |
| Profit (loss) for the period | 9904 | €337,443 | €277,992 | -€59,451 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €337,443 | €277,992 | -€59,451 | -17.6% |
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.