DW CREATION CONCEPT: 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 CREATION CONCEPT
Largest movements
- Tangible fixed assets -€22,354
down €22,354 (-32.9%), from €67,907 to €45,553
of which Furniture and vehicles: -€15,199
- Cash +€14,876
up €14,876 (+92.3%), from €16,125 to €31,000
mainly Current portion of long-term debt (+€17,610) and Depreciation (+€12,305)
- Receivables within one year +€6,572
up €6,572 (+24.8%), from €26,550 to €33,121
of which Trade receivables: +€8,600
- Intangible fixed assets -€2,000
no longer reported in 2025 (was €2,000)
- Deferred charges and accrued income +€1,922
up €1,922 (+539.0%), from €357 to €2,279
- Current portion of long-term debt +€17,610
up €17,610 (+125.9%), from €13,986 to €31,596
- Debts after one year -€15,124
down €15,124 (-30.9%), from €49,008 to €33,883
- Tax, wage and social debts -€7,394
down €7,394 (-50.9%), from €14,519 to €7,125
of which Taxes: -€8,034
- Trade debts +€2,876
up €2,876 (+9.0%), from €31,782 to €34,658
- Reserves +€2,024
up €2,024 (+8.4%), from €23,979 to €26,003
of which Distributable reserves: +€2,024
- Gross operating margin +€5,749
up €5,749 (+21.6%), from €26,557 to €32,306
- Depreciation -€3,435
down €3,435 (-21.8%), from €15,740 to €12,305
- Financial charges +€1,986
up €1,986 (+29.8%), from €6,673 to €8,659
- Taxes +€841
up €841 (+48.4%), from €1,738 to €2,578
- Other operating charges +€646
up €646 (+37.1%), from €1,742 to €2,388
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 | €139,474 | €139,817 | +€343 | +0.2% |
| Fixed assets | 21/28 | €69,907 | €45,553 | -€24,354 | -34.8% |
| Intangible fixed assets | 21 | €2,000 | - | -€2,000 | |
| Tangible fixed assets | 22/27 | €67,907 | €45,553 | -€22,354 | -32.9% |
| Land and buildings | 22 | €50,600 | €41,835 | -€8,765 | -17.3% |
| Plant, machinery and equipment | 23 | €1,205 | €2,816 | +€1,610 | +133.6% |
| Furniture and vehicles | 24 | €16,101 | €902 | -€15,199 | -94.4% |
| Current assets | 29/58 | €69,567 | €94,264 | +€24,696 | +35.5% |
| Stocks and contracts in progress | 3 | €26,537 | €27,863 | +€1,327 | +5.0% |
| Stocks | 30/36 | €26,537 | €27,863 | +€1,327 | +5.0% |
| Amounts receivable within one year | 40/41 | €26,550 | €33,121 | +€6,572 | +24.8% |
| Trade receivables | 40 | €21,658 | €30,259 | +€8,600 | +39.7% |
| Other amounts receivable | 41 | €4,891 | €2,862 | -€2,029 | -41.5% |
| Cash at bank and in hand | 54/58 | €16,125 | €31,000 | +€14,876 | +92.3% |
| Deferred charges and accrued income | 490/1 | €357 | €2,279 | +€1,922 | +539.0% |
| Total equity and liabilities | 10/49 | €139,474 | €139,817 | +€343 | +0.2% |
| Equity | 10/15 | €30,179 | €32,203 | +€2,024 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,979 | €26,003 | +€2,024 | +8.4% |
| Non-distributable reserves | 130/1 | €1,455 | €1,455 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,455 | €1,455 | = | 0.0% |
| Distributable reserves | 133 | €22,524 | €24,548 | +€2,024 | +9.0% |
| Amounts payable | 17/49 | €109,295 | €107,613 | -€1,682 | -1.5% |
| Amounts payable after more than one year | 17 | €49,008 | €33,883 | -€15,124 | -30.9% |
| Financial debts | 170/4 | €49,008 | €33,883 | -€15,124 | -30.9% |
| Amounts payable within one year | 42/48 | €60,288 | €73,378 | +€13,091 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €13,986 | €31,596 | +€17,610 | +125.9% |
| Trade debts | 44 | €31,782 | €34,658 | +€2,876 | +9.0% |
| Suppliers | 440/4 | €31,782 | €34,658 | +€2,876 | +9.0% |
| Taxes, remuneration and social security | 45 | €14,519 | €7,125 | -€7,394 | -50.9% |
| Taxes | 450/3 | €14,519 | €6,485 | -€8,034 | -55.3% |
| Remuneration and social security | 454/9 | - | €640 | +€640 | |
| Accrued charges and deferred income | 492/3 | - | €352 | +€352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,740 | €12,305 | -€3,435 | -21.8% |
| Other operating charges | 640/8 | €1,742 | €2,388 | +€646 | +37.1% |
| Non-recurring operating charges | 66A | - | €4,741 | +€4,741 | |
| Gross operating margin | 9900 | €26,557 | €32,306 | +€5,749 | +21.6% |
| Operating profit (loss) | 9901 | €9,076 | €12,872 | +€3,797 | +41.8% |
| Financial income | 75/76B | €102 | €389 | +€287 | +280.8% |
| Recurring financial income | 75 | €102 | €389 | +€287 | +280.8% |
| Financial charges | 65/66B | €6,673 | €8,659 | +€1,986 | +29.8% |
| Recurring financial charges | 65 | €6,673 | €8,659 | +€1,986 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €2,505 | €4,603 | +€2,098 | +83.7% |
| Income taxes | 67/77 | €1,738 | €2,578 | +€841 | +48.4% |
| Profit (loss) for the period | 9904 | €767 | €2,024 | +€1,257 | +163.9% |
| Profit (loss) for the period to be appropriated | 9905 | €767 | €2,024 | +€1,257 | +163.9% |
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 10 October 2026 via checked.be.