DW CONSTRUCT: 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.
DW CONSTRUCT
Largest movements
- Tangible fixed assets -€15,590
down €15,590 (-2.7%), from €579,187 to €563,597
of which Land and buildings: -€12,587
- Other debts -€55,499
down €55,499 (-46.7%), from €118,934 to €63,435
- Current portion of long-term debt +€46,998
up €46,998 (+241%), from €19,477 to €66,475
- Debts after one year +€30,037
up €30,037 (+8.7%), from €344,208 to €374,245
- Profit (loss) carried forward -€27,525
down €27,525 (-25.8%), from -€106,839 to -€134,364
- Gross operating margin -€11,629
down €11,629, from €11,266 to -€363
- Financial charges -€1,971
down €1,971 (-15.1%), from €13,056 to €11,085
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 | €588,572 | €581,822 | -€6,750 | -1.1% |
| Fixed assets | 21/28 | €579,187 | €563,597 | -€15,590 | -2.7% |
| Tangible fixed assets | 22/27 | €579,187 | €563,597 | -€15,590 | -2.7% |
| Land and buildings | 22 | €561,193 | €548,606 | -€12,587 | -2.2% |
| Furniture and vehicles | 24 | €17,993 | €14,991 | -€3,003 | -16.7% |
| Current assets | 29/58 | €9,386 | €18,225 | +€8,839 | +94.2% |
| Amounts receivable within one year | 40/41 | €6,877 | €11,135 | +€4,259 | +61.9% |
| Trade receivables | 40 | €3,837 | €3,622 | -€215 | -5.6% |
| Other amounts receivable | 41 | €3,040 | €7,513 | +€4,474 | +147% |
| Cash at bank and in hand | 54/58 | €2,293 | €6,862 | +€4,569 | +199% |
| Deferred charges and accrued income | 490/1 | €216 | €228 | +€12 | +5.3% |
| Total equity and liabilities | 10/49 | €588,572 | €581,822 | -€6,750 | -1.1% |
| Equity | 10/15 | €104,023 | €76,498 | -€27,525 | -26.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €124,417 | €124,417 | = | 0.0% |
| Reserves | 13 | €24,945 | €24,945 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,550 | €10,550 | = | 0.0% |
| Legal reserve | 130 | €10,550 | €10,550 | = | 0.0% |
| Distributable reserves | 133 | €14,395 | €14,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,839 | -€134,364 | -€27,525 | -25.8% |
| Amounts payable | 17/49 | €484,550 | €505,324 | +€20,774 | +4.3% |
| Amounts payable after more than one year | 17 | €344,208 | €374,245 | +€30,037 | +8.7% |
| Financial debts | 170/4 | €344,208 | €374,245 | +€30,037 | +8.7% |
| Amounts payable within one year | 42/48 | €140,341 | €131,079 | -€9,263 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €19,477 | €66,475 | +€46,998 | +241% |
| Trade debts | 44 | €1,930 | €1,169 | -€761 | -39.4% |
| Suppliers | 440/4 | €1,930 | €1,169 | -€761 | -39.4% |
| Other amounts payable | 47/48 | €118,934 | €63,435 | -€55,499 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,590 | €15,590 | = | 0.0% |
| Other operating charges | 640/8 | €400 | €487 | +€87 | +21.6% |
| Non-recurring operating charges | 66A | €3,498 | - | -€3,498 | |
| Gross operating margin | 9900 | €11,266 | -€363 | -€11,629 | |
| Operating profit (loss) | 9901 | -€8,222 | -€16,440 | -€8,218 | -99.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €13,056 | €11,085 | -€1,971 | -15.1% |
| Recurring financial charges | 65 | €13,056 | €11,085 | -€1,971 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,278 | -€27,525 | -€6,247 | -29.4% |
| Profit (loss) for the period | 9904 | -€21,278 | -€27,525 | -€6,247 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,278 | -€27,525 | -€6,247 | -29.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.