DVV GoWEST: 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.
DVV GoWEST
Largest movements
- Intangible fixed assets -€290,846
down €290,846 (-49.8%), from €584,386 to €293,540
- Tangible fixed assets -€27,977
down €27,977 (-30.3%), from €92,398 to €64,421
of which Plant, machinery and equipment: -€26,786
- Receivables within one year +€9,241
up €9,241 (+7.7%), from €119,318 to €128,560
of which Trade receivables: +€9,313
- Debts after one year -€219,088
down €219,088 (-65.2%), from €335,785 to €116,697
- Current portion of long-term debt -€135,941
down €135,941 (-38.3%), from €355,029 to €219,088
- Profit (loss) carried forward +€80,136
up €80,136 (+43.9%), from -€182,480 to -€102,344
- Other debts -€49,380
down €49,380 (-64.2%), from €76,941 to €27,561
- Trade debts +€23,287
up €23,287 (+48.9%), from €47,575 to €70,862
- Depreciation -€64,323
down €64,323 (-15.9%), from €403,769 to €339,446
- Gross operating margin +€47,442
up €47,442 (+5.0%), from €942,187 to €989,630
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 | €921,530 | €616,362 | -€305,168 | -33.1% |
| Fixed assets | 21/28 | €713,004 | €394,192 | -€318,812 | -44.7% |
| Intangible fixed assets | 21 | €584,386 | €293,540 | -€290,846 | -49.8% |
| Tangible fixed assets | 22/27 | €92,398 | €64,421 | -€27,977 | -30.3% |
| Plant, machinery and equipment | 23 | €74,866 | €48,080 | -€26,786 | -35.8% |
| Furniture and vehicles | 24 | €15,482 | €14,291 | -€1,191 | -7.7% |
| Other tangible fixed assets | 26 | €2,050 | €2,050 | = | 0.0% |
| Financial fixed assets | 28 | €36,220 | €36,231 | +€11 | 0.0% |
| Current assets | 29/58 | €208,526 | €222,170 | +€13,644 | +6.5% |
| Amounts receivable within one year | 40/41 | €119,318 | €128,560 | +€9,241 | +7.7% |
| Trade receivables | 40 | €41,629 | €50,942 | +€9,313 | +22.4% |
| Other amounts receivable | 41 | €77,689 | €77,618 | -€72 | -0.1% |
| Cash at bank and in hand | 54/58 | €56,541 | €61,265 | +€4,723 | +8.4% |
| Deferred charges and accrued income | 490/1 | €32,667 | €32,346 | -€321 | -1.0% |
| Total equity and liabilities | 10/49 | €921,530 | €616,362 | -€305,168 | -33.1% |
| Equity | 10/15 | €28,876 | €109,012 | +€80,136 | +278% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €111,356 | €111,356 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €101,356 | €101,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,480 | -€102,344 | +€80,136 | +43.9% |
| Amounts payable | 17/49 | €892,654 | €507,350 | -€385,304 | -43.2% |
| Amounts payable after more than one year | 17 | €335,785 | €116,697 | -€219,088 | -65.2% |
| Financial debts | 170/4 | €335,785 | €116,697 | -€219,088 | -65.2% |
| Amounts payable within one year | 42/48 | €556,870 | €390,653 | -€166,216 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €355,029 | €219,088 | -€135,941 | -38.3% |
| Trade debts | 44 | €47,575 | €70,862 | +€23,287 | +48.9% |
| Suppliers | 440/4 | €47,575 | €70,862 | +€23,287 | +48.9% |
| Taxes, remuneration and social security | 45 | €77,325 | €73,142 | -€4,183 | -5.4% |
| Taxes | 450/3 | €0 | €3,374 | +€3,374 | |
| Remuneration and social security | 454/9 | €77,325 | €69,768 | -€7,557 | -9.8% |
| Other amounts payable | 47/48 | €76,941 | €27,561 | -€49,380 | -64.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €549,499 | €548,071 | -€1,428 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €403,769 | €339,446 | -€64,323 | -15.9% |
| Other operating charges | 640/8 | €6,292 | €6,304 | +€12 | +0.2% |
| Gross operating margin | 9900 | €942,187 | €989,630 | +€47,442 | +5.0% |
| Operating profit (loss) | 9901 | -€17,373 | €95,808 | +€113,182 | |
| Financial income | 75/76B | €40 | €6,152 | +€6,113 | +15,393% |
| Recurring financial income | 75 | €40 | €6,152 | +€6,113 | +15,393% |
| Financial charges | 65/66B | €23,885 | €16,978 | -€6,907 | -28.9% |
| Recurring financial charges | 65 | €23,885 | €16,978 | -€6,907 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€41,218 | €84,983 | +€126,201 | |
| Income taxes | 67/77 | €4 | €4,847 | +€4,843 | +125,141% |
| Profit (loss) for the period | 9904 | -€41,222 | €80,136 | +€121,358 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,222 | €80,136 | +€121,358 |
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 23 October 2026 via checked.be.