DUWEL: 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.
DUWEL
Largest movements
- Receivables within one year +€32,106
up €32,106 (+15.8%), from €203,416 to €235,522
of which Trade receivables: +€22,544
- Tangible fixed assets -€26,284
down €26,284 (-22.5%), from €116,626 to €90,342
of which Furniture and vehicles: -€20,005
- Financial fixed assets -€15,000
down €15,000 (-5.9%), from €255,783 to €240,783
- Trade debts +€39,639
up €39,639 (+26.4%), from €150,263 to €189,901
- Current portion of long-term debt -€29,527
no longer reported in 2024 (was €29,527)
- Profit (loss) carried forward -€12,718
down €12,718 (-4.4%), from €291,946 to €279,228
- Financial charges +€4,299
up €4,299 (+82.0%), from €5,243 to €9,542
- Taxes -€2,453
down €2,453 (-84.6%), from €2,901 to €447
- Gross operating margin -€2,396
down €2,396 (-8.6%), from €27,796 to €25,400
- Other operating charges +€2,361
up €2,361 (+60.7%), from €3,887 to €6,248
- Depreciation +€838
up €838 (+4.6%), from €18,073 to €18,911
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €657,677 | €649,826 | -€7,851 | -1.2% |
| Fixed assets | 21/28 | €372,409 | €331,125 | -€41,284 | -11.1% |
| Tangible fixed assets | 22/27 | €116,626 | €90,342 | -€26,284 | -22.5% |
| Land and buildings | 22 | €62,000 | €62,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,753 | €6,541 | +€1,788 | +37.6% |
| Furniture and vehicles | 24 | €26,381 | €6,376 | -€20,005 | -75.8% |
| Leasing and similar rights | 25 | €23,493 | €15,426 | -€8,067 | -34.3% |
| Financial fixed assets | 28 | €255,783 | €240,783 | -€15,000 | -5.9% |
| Current assets | 29/58 | €285,268 | €318,701 | +€33,433 | +11.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €203,416 | €235,522 | +€32,106 | +15.8% |
| Trade receivables | 40 | €122,447 | €144,991 | +€22,544 | +18.4% |
| Other amounts receivable | 41 | €80,969 | €90,531 | +€9,562 | +11.8% |
| Cash at bank and in hand | 54/58 | €1,272 | €1,019 | -€253 | -19.9% |
| Deferred charges and accrued income | 490/1 | €20,580 | €22,161 | +€1,580 | +7.7% |
| Total equity and liabilities | 10/49 | €657,677 | €649,826 | -€7,851 | -1.2% |
| Equity | 10/15 | €394,946 | €382,228 | -€12,718 | -3.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €291,946 | €279,228 | -€12,718 | -4.4% |
| Amounts payable | 17/49 | €262,731 | €267,598 | +€4,866 | +1.9% |
| Amounts payable within one year | 42/48 | €260,855 | €267,589 | +€6,734 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €29,527 | - | -€29,527 | |
| Trade debts | 44 | €150,263 | €189,901 | +€39,639 | +26.4% |
| Suppliers | 440/4 | €150,263 | €189,901 | +€39,639 | +26.4% |
| Taxes, remuneration and social security | 45 | €80,928 | €77,551 | -€3,377 | -4.2% |
| Taxes | 450/3 | €76,771 | €73,393 | -€3,377 | -4.4% |
| Remuneration and social security | 454/9 | €4,158 | €4,158 | = | 0.0% |
| Other amounts payable | 47/48 | €136 | €136 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,877 | €9 | -€1,868 | -99.5% |
| Remuneration, social security and pensions | 62 | €914 | €685 | -€229 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,073 | €18,911 | +€838 | +4.6% |
| Other operating charges | 640/8 | €3,887 | €6,248 | +€2,361 | +60.7% |
| Non-recurring operating charges | 66A | - | €2,351 | +€2,351 | |
| Gross operating margin | 9900 | €27,796 | €25,400 | -€2,396 | -8.6% |
| Operating profit (loss) | 9901 | €4,922 | -€2,796 | -€7,717 | |
| Financial income | 75/76B | €1 | €67 | +€66 | +6319.2% |
| Recurring financial income | 75 | €1 | €67 | +€66 | +6319.2% |
| Financial charges | 65/66B | €5,243 | €9,542 | +€4,299 | +82.0% |
| Recurring financial charges | 65 | €5,243 | €9,542 | +€4,299 | +82.0% |
| Profit (loss) for the period before taxes | 9903 | -€320 | -€12,270 | -€11,950 | -3732.8% |
| Income taxes | 67/77 | €2,901 | €447 | -€2,453 | -84.6% |
| Profit (loss) for the period | 9904 | -€3,221 | -€12,718 | -€9,497 | -294.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,221 | -€12,718 | -€9,497 | -294.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.