DW Cefaly Holding: 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.
What changed
DW Cefaly Holding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€29.6m
2024 · -€127,162-€29.5m
Equity
-€399,673
2024 · €29.2m-€29.6m
Cash
€3,645
2024 · €4,196-€551
Balance sheet total
€64,224
2024 · €29.9m-€29.8m
Largest movements
Assets
- Financial fixed assets -€29.9m
down €29.9m (-100.0%), from €29.9m to €1
Equity and liabilities
- Profit (loss) carried forward -€29.6m
down €29.6m (-430%), from -€6.9m to -€36.5m
Income statement
- Financial charges +€29.8m
up €29.8m (+1,142,031%), from €2,614 to €29.9m
of which Non-recurring financial charges: +€29.9m
- Provisions -€379,473
down €379,473, from €97,293 to -€282,180
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.
Result 2024
-€127,162
Depreciation
-€403
Provisions
+€379,473
Other operating charges
+€6,143
Other operating items
-€56,070
Financial income
+€23,150
Financial charges
-€29.8m
Taxes
+€19,156
Result 2025
-€29.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€29.9m
Investment
+€29.9m
Financing
€0
Cash 2024
€4,196
From operations (derived)
-€29.9m
Net result for the year
-€29.6m
Depreciation
+€403
Smaller working-capital items
+€34,666
Provisions
-€282,180
Investment (derived)
+€29.9m
Investment in fixed assets (net)
+€29.9m
Cash 2025
€3,645
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,866,259 | €64,224 | -€29.8m | -99.8% |
| Formation expenses | 20 | €403 | €0 | -€403 | -100% |
| Fixed assets | 21/28 | €29,851,660 | €1 | -€29.9m | -100.0% |
| Financial fixed assets | 28 | €29,851,660 | €1 | -€29.9m | -100.0% |
| Affiliated companies | 280/1 | €29,851,660 | €1 | -€29.9m | -100.0% |
| Participating interests | 280 | €29,851,660 | €1 | -€29.9m | -100.0% |
| Current assets | 29/58 | €14,196 | €64,223 | +€50,027 | +352% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €10,000 | €60,578 | +€50,578 | +506% |
| Other amounts receivable | 41 | €10,000 | €60,578 | +€50,578 | +506% |
| Cash at bank and in hand | 54/58 | €4,196 | €3,645 | -€551 | -13.1% |
| Total equity and liabilities | 10/49 | €29,866,259 | €64,224 | -€29.8m | -99.8% |
| Equity | 10/15 | €29,205,426 | -€399,673 | -€29.6m | |
| Contributions | 10/11 | €36,096,978 | €36,096,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,891,552 | -€36,496,651 | -€29.6m | -430% |
| Provisions and deferred taxes | 16 | €282,180 | €0 | -€282,180 | -100% |
| Provisions for liabilities and charges | 160/5 | €282,180 | €0 | -€282,180 | -100% |
| Pensions and similar obligations | 160 | €282,180 | €0 | -€282,180 | -100% |
| Amounts payable | 17/49 | €378,653 | €463,897 | +€85,244 | +22.5% |
| Amounts payable within one year | 42/48 | €378,653 | €463,897 | +€85,244 | +22.5% |
| Trade debts | 44 | €0 | €13,753 | +€13,753 | |
| Suppliers | 440/4 | €0 | €13,753 | +€13,753 | |
| Other amounts payable | 47/48 | €378,653 | €450,144 | +€71,490 | +18.9% |
| Operating charges | 60/66A | €121,764 | -€207,378 | -€329,143 | |
| Services and other goods | 61 | €11,006 | €67,076 | +€56,070 | +509% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €403 | +€403 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €97,293 | -€282,180 | -€379,473 | |
| Other operating charges | 640/8 | €13,466 | €7,323 | -€6,143 | -45.6% |
| Operating profit (loss) | 9901 | -€121,764 | €207,378 | +€329,143 | |
| Financial income | 75/76B | - | €23,150 | +€23,150 | |
| Recurring financial income | 75 | - | €23,150 | +€23,150 | |
| Other financial income | 752/9 | - | €23,150 | +€23,150 | |
| Financial charges | 65/66B | €2,614 | €29,852,000 | +€29.8m | +1,142,031% |
| Recurring financial charges | 65 | €2,614 | €341 | -€2,273 | -87.0% |
| Debt charges | 650 | €216 | €341 | +€125 | +57.7% |
| Other financial charges | 652/9 | €2,398 | €0 | -€2,398 | -100% |
| Non-recurring financial charges | 66B | - | €29,851,659 | +€29.9m | |
| Profit (loss) for the period before taxes | 9903 | -€124,378 | -€29,621,472 | -€29.5m | -23,716% |
| Income taxes | 67/77 | €2,783 | -€16,373 | -€19,156 | |
| Taxes | 670/3 | €2,783 | €0 | -€2,783 | -100% |
| Tax adjustments and reversals of tax provisions | 77 | - | €16,373 | +€16,373 | |
| Profit (loss) for the period | 9904 | -€127,162 | -€29,605,099 | -€29.5m | -23,181% |
| Profit (loss) for the period to be appropriated | 9905 | -€127,162 | -€29,605,099 | -€29.5m | -23,181% |
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 26 October 2026 via checked.be.