DW CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€6,837
up €6,837 (+37.9%), from €18,051 to €24,888
of which Other amounts receivable: +€5,577
- Cash -€1,915
down €1,915 (-67.7%), from €2,829 to €914
mainly Receivables within one year (-€6,837) and Trade debts (-€1,409)
- Other debts +€5,180
up €5,180 (+274.1%), from €1,890 to €7,070
- Trade debts -€1,409
down €1,409 (-14.2%), from €9,951 to €8,542
- Reserves +€1,216
up €1,216 (+22.4%), from €5,421 to €6,637
- Gross operating margin +€1,045
up €1,045 (+114.7%), from €911 to €1,955
- Taxes +€361
up €361 (+815.6%), from €44 to €406
- Depreciation -€209
down €209 (-55.3%), from €377 to €169
- Other operating charges -€184
no longer reported in 2025 (was €184)
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 | €21,048 | €25,802 | +€4,754 | +22.6% |
| Fixed assets | 21/28 | €169 | €0 | -€169 | -100.0% |
| Tangible fixed assets | 22/27 | €169 | €0 | -€169 | -100.0% |
| Plant, machinery and equipment | 23 | €169 | €0 | -€169 | -100.0% |
| Current assets | 29/58 | €20,880 | €25,802 | +€4,922 | +23.6% |
| Amounts receivable within one year | 40/41 | €18,051 | €24,888 | +€6,837 | +37.9% |
| Trade receivables | 40 | €11,658 | €12,918 | +€1,260 | +10.8% |
| Other amounts receivable | 41 | €6,393 | €11,970 | +€5,577 | +87.2% |
| Cash at bank and in hand | 54/58 | €2,829 | €914 | -€1,915 | -67.7% |
| Total equity and liabilities | 10/49 | €21,048 | €25,802 | +€4,754 | +22.6% |
| Equity | 10/15 | €7,421 | €8,637 | +€1,216 | +16.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,421 | €6,637 | +€1,216 | +22.4% |
| Distributable reserves | 133 | €5,421 | €6,637 | +€1,216 | +22.4% |
| Amounts payable | 17/49 | €13,628 | €17,165 | +€3,537 | +26.0% |
| Amounts payable within one year | 42/48 | €13,628 | €17,165 | +€3,537 | +26.0% |
| Trade debts | 44 | €9,951 | €8,542 | -€1,409 | -14.2% |
| Suppliers | 440/4 | €9,951 | €8,542 | -€1,409 | -14.2% |
| Advances received on contracts in progress | 46 | €1,552 | €1,552 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €234 | - | -€234 | |
| Taxes | 450/3 | €234 | - | -€234 | |
| Other amounts payable | 47/48 | €1,890 | €7,070 | +€5,180 | +274.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €169 | -€209 | -55.3% |
| Other operating charges | 640/8 | €184 | - | -€184 | |
| Gross operating margin | 9900 | €911 | €1,955 | +€1,045 | +114.7% |
| Operating profit (loss) | 9901 | €350 | €1,787 | +€1,437 | +410.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +4433.3% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +4433.3% |
| Financial charges | 65/66B | €173 | €166 | -€6 | -3.7% |
| Recurring financial charges | 65 | €173 | €166 | -€6 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €177 | €1,622 | +€1,445 | +815.6% |
| Income taxes | 67/77 | €44 | €406 | +€361 | +815.6% |
| Profit (loss) for the period | 9904 | €133 | €1,216 | +€1,084 | +815.6% |
| Profit (loss) for the period to be appropriated | 9905 | €133 | €1,216 | +€1,084 | +815.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.