DW+: 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.
DW+
Largest movements
- Stocks and contracts +€130,260
up €130,260 (+52.7%), from €247,240 to €377,500
- Receivables within one year +€17,944
up €17,944 (+482.1%), from €3,722 to €21,665
of which Trade receivables: +€20,425
- Cash +€7,437
up €7,437 (+137.7%), from €5,402 to €12,839
mainly Debts after one year (+€170,000) and Accrued charges and deferred income (+€3,310)
- Debts after one year +€170,000
new in 2025: €170,000
- Profit (loss) carried forward -€16,626
down €16,626 (-7.2%), from €230,743 to €214,118
- Other operating charges +€6,117
up €6,117 (+504.0%), from €1,214 to €7,330
- Gross operating margin -€4,047
down €4,047 (-190.0%), from -€2,130 to -€6,176
- Financial charges +€2,581
up €2,581 (+480.3%), from €537 to €3,119
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 | €256,364 | €412,005 | +€155,640 | +60.7% |
| Current assets | 29/58 | €256,364 | €412,005 | +€155,640 | +60.7% |
| Stocks and contracts in progress | 3 | €247,240 | €377,500 | +€130,260 | +52.7% |
| Stocks | 30/36 | €247,240 | €377,500 | +€130,260 | +52.7% |
| Amounts receivable within one year | 40/41 | €3,722 | €21,665 | +€17,944 | +482.1% |
| Trade receivables | 40 | €938 | €21,363 | +€20,425 | +2177.9% |
| Other amounts receivable | 41 | €2,784 | €302 | -€2,482 | -89.1% |
| Cash at bank and in hand | 54/58 | €5,402 | €12,839 | +€7,437 | +137.7% |
| Total equity and liabilities | 10/49 | €256,364 | €412,005 | +€155,640 | +60.7% |
| Equity | 10/15 | €245,743 | €229,118 | -€16,626 | -6.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,743 | €214,118 | -€16,626 | -7.2% |
| Amounts payable | 17/49 | €10,621 | €182,887 | +€172,266 | +1622.0% |
| Amounts payable after more than one year | 17 | - | €170,000 | +€170,000 | |
| Other amounts payable | 178/9 | - | €170,000 | +€170,000 | |
| Amounts payable within one year | 42/48 | €9,121 | €8,076 | -€1,044 | -11.5% |
| Trade debts | 44 | €2,621 | €76 | -€2,544 | -97.1% |
| Suppliers | 440/4 | €2,621 | €76 | -€2,544 | -97.1% |
| Other amounts payable | 47/48 | €6,500 | €8,000 | +€1,500 | +23.1% |
| Accrued charges and deferred income | 492/3 | €1,500 | €4,810 | +€3,310 | +220.7% |
| Non-recurring operating income | 76A | €1,182 | €0 | -€1,182 | -100.0% |
| Other operating charges | 640/8 | €1,214 | €7,330 | +€6,117 | +504.0% |
| Gross operating margin | 9900 | -€2,130 | -€6,176 | -€4,047 | -190.0% |
| Operating profit (loss) | 9901 | -€3,343 | -€13,507 | -€10,163 | -304.0% |
| Financial income | 75/76B | €38 | €0 | -€38 | -100.0% |
| Recurring financial income | 75 | €38 | €0 | -€38 | -100.0% |
| Financial charges | 65/66B | €537 | €3,119 | +€2,581 | +480.3% |
| Recurring financial charges | 65 | €537 | €3,119 | +€2,581 | +480.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,843 | -€16,626 | -€12,782 | -332.6% |
| Profit (loss) for the period | 9904 | -€3,843 | -€16,626 | -€12,782 | -332.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,843 | -€16,626 | -€12,782 | -332.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.