DW FACTORING: 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 FACTORING
Largest movements
- Receivables within one year -€194,741
down €194,741 (-65.2%), from €298,498 to €103,757
of which Trade receivables: -€190,836
- Tangible fixed assets -€17,589
down €17,589 (-12.3%), from €142,919 to €125,330
of which Land and buildings: -€17,597
- Advances received -€155,172
no longer reported in 2025 (was €155,172)
- Profit (loss) carried forward -€99,951
down €99,951, from €83,965 to -€15,986
- Contributions +€80,000
up €80,000 (+400%), from €20,000 to €100,000
- Other debts -€30,072
down €30,072 (-16.7%), from €179,604 to €149,532
- Debts after one year -€6,317
down €6,317 (-30.5%), from €20,735 to €14,418
- Gross operating margin -€6,103
down €6,103 (-22.3%), from €27,316 to €21,213
- Depreciation +€2,005
up €2,005 (+8.0%), from €24,934 to €26,939
- Other operating charges -€978
down €978 (-11.7%), from €8,328 to €7,350
- Financial charges -€420
down €420 (-39.1%), from €1,074 to €654
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 | €539,899 | €324,629 | -€215,270 | -39.9% |
| Fixed assets | 21/28 | €223,002 | €205,413 | -€17,589 | -7.9% |
| Tangible fixed assets | 22/27 | €142,919 | €125,330 | -€17,589 | -12.3% |
| Land and buildings | 22 | €115,297 | €97,700 | -€17,597 | -15.3% |
| Plant, machinery and equipment | 23 | €16,557 | €17,946 | +€1,389 | +8.4% |
| Furniture and vehicles | 24 | €11,065 | €9,684 | -€1,381 | -12.5% |
| Financial fixed assets | 28 | €80,083 | €80,083 | = | 0.0% |
| Current assets | 29/58 | €316,897 | €119,216 | -€197,681 | -62.4% |
| Amounts receivable within one year | 40/41 | €298,498 | €103,757 | -€194,741 | -65.2% |
| Trade receivables | 40 | €237,010 | €46,174 | -€190,836 | -80.5% |
| Other amounts receivable | 41 | €61,488 | €57,583 | -€3,905 | -6.4% |
| Cash at bank and in hand | 54/58 | €15,503 | €15,112 | -€391 | -2.5% |
| Deferred charges and accrued income | 490/1 | €2,896 | €347 | -€2,549 | -88.0% |
| Total equity and liabilities | 10/49 | €539,899 | €324,629 | -€215,270 | -39.9% |
| Equity | 10/15 | €145,965 | €126,014 | -€19,951 | -13.7% |
| Contributions | 10/11 | €20,000 | €100,000 | +€80,000 | +400% |
| Reserves | 13 | €42,000 | €42,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,965 | -€15,986 | -€99,951 | |
| Amounts payable | 17/49 | €393,934 | €198,615 | -€195,319 | -49.6% |
| Amounts payable after more than one year | 17 | €20,735 | €14,418 | -€6,317 | -30.5% |
| Financial debts | 170/4 | €20,735 | €14,418 | -€6,317 | -30.5% |
| Amounts payable within one year | 42/48 | €373,199 | €184,197 | -€189,002 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €6,262 | €6,317 | +€55 | +0.9% |
| Trade debts | 44 | €25,389 | €21,404 | -€3,985 | -15.7% |
| Suppliers | 440/4 | €25,389 | €21,404 | -€3,985 | -15.7% |
| Advances received on contracts in progress | 46 | €155,172 | - | -€155,172 | |
| Taxes, remuneration and social security | 45 | €6,772 | €6,944 | +€172 | +2.5% |
| Taxes | 450/3 | €2,282 | €2,454 | +€172 | +7.5% |
| Remuneration and social security | 454/9 | €4,490 | €4,490 | = | 0.0% |
| Other amounts payable | 47/48 | €179,604 | €149,532 | -€30,072 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,934 | €26,939 | +€2,005 | +8.0% |
| Other operating charges | 640/8 | €8,328 | €7,350 | -€978 | -11.7% |
| Non-recurring operating charges | 66A | €4,573 | €6,276 | +€1,703 | +37.2% |
| Gross operating margin | 9900 | €27,316 | €21,213 | -€6,103 | -22.3% |
| Operating profit (loss) | 9901 | -€10,519 | -€19,352 | -€8,833 | -84.0% |
| Financial income | 75/76B | €13 | €55 | +€42 | +323% |
| Recurring financial income | 75 | €13 | €55 | +€42 | +323% |
| Financial charges | 65/66B | €1,074 | €654 | -€420 | -39.1% |
| Recurring financial charges | 65 | €1,074 | €654 | -€420 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,580 | -€19,951 | -€8,371 | -72.3% |
| Profit (loss) for the period | 9904 | -€11,580 | -€19,951 | -€8,371 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,580 | -€19,951 | -€8,371 | -72.3% |
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 24 October 2026 via checked.be.