DUWO: 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.
DUWO
Largest movements
- Receivables within one year -€10,509
down €10,509 (-68.0%), from €15,454 to €4,945
of which Trade receivables: -€12,070
- Tangible fixed assets -€4,508
down €4,508 (-9.4%), from €48,146 to €43,637
- Cash +€3,603
up €3,603 (+4.6%), from €78,561 to €82,164
mainly Receivables within one year (+€10,509) and Depreciation (+€4,508)
- Accrued charges and deferred income -€9,975
down €9,975 (-100.0%), from €9,975 to €0
- Tax, wage and social debts -€7,280
down €7,280 (-41.3%), from €17,645 to €10,365
of which Remuneration and social security: -€4,132
- Reserves +€3,241
up €3,241 (+5.4%), from €60,283 to €63,524
- Trade debts +€2,430
up €2,430 (+50.9%), from €4,772 to €7,202
- Gross operating margin -€24,599
down €24,599 (-29.4%), from €83,566 to €58,967
- Taxes -€6,775
down €6,775 (-81.9%), from €8,276 to €1,501
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 | €142,675 | €131,091 | -€11,584 | -8.1% |
| Fixed assets | 21/28 | €48,146 | €43,637 | -€4,508 | -9.4% |
| Tangible fixed assets | 22/27 | €48,146 | €43,637 | -€4,508 | -9.4% |
| Plant, machinery and equipment | 23 | €2,995 | €1,414 | -€1,580 | -52.8% |
| Furniture and vehicles | 24 | €1,655 | €735 | -€920 | -55.6% |
| Other tangible fixed assets | 26 | €43,496 | €41,488 | -€2,008 | -4.6% |
| Current assets | 29/58 | €94,529 | €87,453 | -€7,076 | -7.5% |
| Amounts receivable within one year | 40/41 | €15,454 | €4,945 | -€10,509 | -68.0% |
| Trade receivables | 40 | €14,230 | €2,160 | -€12,070 | -84.8% |
| Other amounts receivable | 41 | €1,224 | €2,785 | +€1,561 | +127.5% |
| Cash at bank and in hand | 54/58 | €78,561 | €82,164 | +€3,603 | +4.6% |
| Deferred charges and accrued income | 490/1 | €513 | €344 | -€170 | -33.0% |
| Total equity and liabilities | 10/49 | €142,675 | €131,091 | -€11,584 | -8.1% |
| Equity | 10/15 | €110,283 | €113,524 | +€3,241 | +2.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €60,283 | €63,524 | +€3,241 | +5.4% |
| Distributable reserves | 133 | €60,283 | €63,524 | +€3,241 | +5.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,391 | €17,567 | -€14,825 | -45.8% |
| Amounts payable within one year | 42/48 | €22,416 | €17,567 | -€4,850 | -21.6% |
| Trade debts | 44 | €4,772 | €7,202 | +€2,430 | +50.9% |
| Suppliers | 440/4 | €4,772 | €7,202 | +€2,430 | +50.9% |
| Taxes, remuneration and social security | 45 | €17,645 | €10,365 | -€7,280 | -41.3% |
| Taxes | 450/3 | €7,819 | €4,671 | -€3,148 | -40.3% |
| Remuneration and social security | 454/9 | €9,826 | €5,694 | -€4,132 | -42.0% |
| Accrued charges and deferred income | 492/3 | €9,975 | €0 | -€9,975 | -100.0% |
| Remuneration, social security and pensions | 62 | €47,420 | €47,756 | +€337 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,715 | €4,508 | -€206 | -4.4% |
| Other operating charges | 640/8 | €1,446 | €1,890 | +€443 | +30.7% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €83,566 | €58,967 | -€24,599 | -29.4% |
| Operating profit (loss) | 9901 | €29,986 | €4,813 | -€25,172 | -83.9% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €107 | €104 | -€3 | -2.5% |
| Recurring financial charges | 65 | €107 | €104 | -€3 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €29,879 | €4,741 | -€25,137 | -84.1% |
| Income taxes | 67/77 | €8,276 | €1,501 | -€6,775 | -81.9% |
| Profit (loss) for the period | 9904 | €21,603 | €3,241 | -€18,362 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,603 | €3,241 | -€18,362 | -85.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.