DUWO-SINNESAEL: 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.
DUWO-SINNESAEL
Largest movements
- Stocks and contracts +€46,400
up €46,400 (+22.2%), from €208,750 to €255,150
of which Contracts in progress: +€48,350
- Receivables within one year +€34,818
up €34,818 (+9.0%), from €387,630 to €422,448
of which Trade receivables: +€33,797
- Cash +€27,741
up €27,741 (+375%), from €7,390 to €35,131
mainly Net result for the year (+€45,522) and Other debts (+€41,846)
- Profit (loss) carried forward +€45,522
up €45,522 (+27.2%), from -€167,263 to -€121,740
- Other debts +€41,846
up €41,846 (+20.3%), from €205,764 to €247,609
- Tax, wage and social debts +€17,096
up €17,096 (+12.8%), from €133,636 to €150,732
- Gross operating margin +€239,659
up €239,659, from -€185,455 to €54,204
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 | €621,492 | €726,745 | +€105,253 | +16.9% |
| Fixed assets | 21/28 | €17,721 | €13,048 | -€4,673 | -26.4% |
| Tangible fixed assets | 22/27 | €15,468 | €10,794 | -€4,673 | -30.2% |
| Plant, machinery and equipment | 23 | €14,578 | €10,238 | -€4,341 | -29.8% |
| Furniture and vehicles | 24 | €890 | €557 | -€333 | -37.4% |
| Financial fixed assets | 28 | €2,253 | €2,253 | = | 0.0% |
| Current assets | 29/58 | €603,771 | €713,697 | +€109,927 | +18.2% |
| Stocks and contracts in progress | 3 | €208,750 | €255,150 | +€46,400 | +22.2% |
| Stocks | 30/36 | €24,100 | €22,150 | -€1,950 | -8.1% |
| Contracts in progress | 37 | €184,650 | €233,000 | +€48,350 | +26.2% |
| Amounts receivable within one year | 40/41 | €387,630 | €422,448 | +€34,818 | +9.0% |
| Trade receivables | 40 | €382,915 | €416,713 | +€33,797 | +8.8% |
| Other amounts receivable | 41 | €4,715 | €5,735 | +€1,021 | +21.6% |
| Cash at bank and in hand | 54/58 | €7,390 | €35,131 | +€27,741 | +375% |
| Deferred charges and accrued income | 490/1 | - | €968 | +€968 | |
| Total equity and liabilities | 10/49 | €621,492 | €726,745 | +€105,253 | +16.9% |
| Equity | 10/15 | -€146,858 | -€101,335 | +€45,522 | +31.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,263 | -€121,740 | +€45,522 | +27.2% |
| Amounts payable | 17/49 | €768,349 | €828,080 | +€59,731 | +7.8% |
| Amounts payable after more than one year | 17 | €7,500 | €7,500 | = | 0.0% |
| Other amounts payable | 178/9 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €760,849 | €820,580 | +€59,731 | +7.9% |
| Trade debts | 44 | €421,449 | €422,239 | +€790 | +0.2% |
| Suppliers | 440/4 | €421,449 | €422,239 | +€790 | +0.2% |
| Taxes, remuneration and social security | 45 | €133,636 | €150,732 | +€17,096 | +12.8% |
| Taxes | 450/3 | €133,636 | €150,732 | +€17,096 | +12.8% |
| Other amounts payable | 47/48 | €205,764 | €247,609 | +€41,846 | +20.3% |
| Remuneration, social security and pensions | 62 | - | -€79 | -€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,975 | €5,811 | +€837 | +16.8% |
| Other operating charges | 640/8 | €1,589 | €1,735 | +€145 | +9.1% |
| Non-recurring operating charges | 66A | €3,608 | - | -€3,608 | |
| Gross operating margin | 9900 | -€185,455 | €54,204 | +€239,659 | |
| Operating profit (loss) | 9901 | -€195,627 | €46,737 | +€242,364 | |
| Financial income | 75/76B | €9 | €7 | -€2 | -21.9% |
| Recurring financial income | 75 | €9 | €7 | -€2 | -21.9% |
| Financial charges | 65/66B | €2,499 | €1,045 | -€1,453 | -58.2% |
| Recurring financial charges | 65 | €2,499 | €1,045 | -€1,453 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | -€198,117 | €45,698 | +€243,815 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€198,291 | €45,522 | +€243,814 | |
| Profit (loss) for the period to be appropriated | 9905 | -€198,291 | €45,522 | +€243,814 |
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 29 October 2026 via checked.be.