DUWAL: 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.
DUWAL
Largest movements
- Current investments -€14,905
down €14,905 (-7.0%), from €212,977 to €198,072
- Receivables within one year +€13,755
up €13,755 (+1,704%), from €807 to €14,562
- Cash -€13,389
down €13,389 (-43.9%), from €30,517 to €17,128
mainly Provisions (-€28,000) and Other debts (-€18,856)
- Provisions -€28,000
no longer reported in 2025 (was €28,000)
- Other debts -€18,856
no longer reported in 2025 (was €18,856)
- Profit (loss) carried forward +€17,619
up €17,619 (+13.6%), from €129,564 to €147,183
- Trade debts +€14,710
new in 2025: €14,710
- Financial income +€22,491
up €22,491 (+331%), from €6,799 to €29,290
- Gross operating margin -€20,491
down €20,491 (-164%), from -€12,477 to -€32,968
- Provisions -€11,000
down €11,000 (-64.7%), from -€17,000 to -€28,000
- Taxes +€3,621
up €3,621 (+159%), from €2,271 to €5,892
- Financial charges +€414
up €414 (+104%), from €397 to €811
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 | €244,301 | €229,762 | -€14,539 | -6.0% |
| Current assets | 29/58 | €244,301 | €229,762 | -€14,539 | -6.0% |
| Amounts receivable within one year | 40/41 | €807 | €14,562 | +€13,755 | +1,704% |
| Other amounts receivable | 41 | €807 | €14,562 | +€13,755 | +1,704% |
| Current investments | 50/53 | €212,977 | €198,072 | -€14,905 | -7.0% |
| Cash at bank and in hand | 54/58 | €30,517 | €17,128 | -€13,389 | -43.9% |
| Total equity and liabilities | 10/49 | €244,301 | €229,762 | -€14,539 | -6.0% |
| Equity | 10/15 | €197,214 | €214,833 | +€17,619 | +8.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,564 | €147,183 | +€17,619 | +13.6% |
| Provisions and deferred taxes | 16 | €28,000 | - | -€28,000 | |
| Provisions for liabilities and charges | 160/5 | €28,000 | - | -€28,000 | |
| Other liabilities and charges | 164/5 | €28,000 | - | -€28,000 | |
| Amounts payable | 17/49 | €19,087 | €14,929 | -€4,158 | -21.8% |
| Amounts payable within one year | 42/48 | €19,087 | €14,929 | -€4,158 | -21.8% |
| Trade debts | 44 | - | €14,710 | +€14,710 | |
| Suppliers | 440/4 | - | €14,710 | +€14,710 | |
| Taxes, remuneration and social security | 45 | €231 | €219 | -€12 | -5.3% |
| Taxes | 450/3 | €231 | €219 | -€12 | -5.3% |
| Other amounts payable | 47/48 | €18,856 | - | -€18,856 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,000 | -€28,000 | -€11,000 | -64.7% |
| Gross operating margin | 9900 | -€12,477 | -€32,968 | -€20,491 | -164% |
| Operating profit (loss) | 9901 | €4,523 | -€4,968 | -€9,491 | |
| Financial income | 75/76B | €6,799 | €29,290 | +€22,491 | +331% |
| Recurring financial income | 75 | €6,799 | €29,290 | +€22,491 | +331% |
| Financial charges | 65/66B | €397 | €811 | +€414 | +104% |
| Recurring financial charges | 65 | €397 | €811 | +€414 | +104% |
| Profit (loss) for the period before taxes | 9903 | €10,924 | €23,511 | +€12,587 | +115% |
| Income taxes | 67/77 | €2,271 | €5,892 | +€3,621 | +159% |
| Profit (loss) for the period | 9904 | €8,653 | €17,619 | +€8,966 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €8,653 | €17,619 | +€8,966 | +104% |
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.