DW Innovation: 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 Innovation
NACE 62.100, Computer programming
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€219,036
2023 · €68,550-€287,586
Equity
€2.4m
2023 · €2.7m-€219,036
Cash
€18,629
2023 · €4,680+€13,949
Balance sheet total
€3.8m
2023 · €3.1m+€711,254
Largest movements
Assets
- Receivables within one year +€749,177
up €749,177 (+98.4%), from €761,129 to €1.5m
of which Trade receivables: +€833,019
Equity and liabilities
- Other debts +€942,447
up €942,447 (+477%), from €197,402 to €1.1m
- Profit (loss) carried forward -€219,036
down €219,036 (-70.2%), from -€312,008 to -€531,044
Income statement
- Gross operating margin -€142,498
down €142,498 (-18.5%), from €769,236 to €626,738
- Staff costs +€92,926
up €92,926 (+16.4%), from €568,292 to €661,218
- Depreciation +€44,285
up €44,285 (+37.4%), from €118,430 to €162,715
From the 2023 result to the 2024 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 2023
€68,550
Gross operating margin
-€142,498
Staff costs
-€92,926
Depreciation
-€44,285
Write-downs
-€1,361
Other operating charges
-€4,671
Financial income
+€1,297
Financial charges
-€3,502
Taxes
+€360
Result 2024
-€219,036
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€140,585
Investment
-€128,867
Financing
+€2,231
Cash 2023
€4,680
From operations (derived)
+€140,585
Net result for the year
-€219,036
Depreciation
+€162,715
Receivables within one year
-€749,177
Deferred charges and accrued income
+€18,025
Trade debts
+€6,024
Tax, wage and social debts
-€8,411
Other debts
+€942,447
Accrued charges and deferred income
-€12,000
Investment (derived)
-€128,867
Investment in fixed assets (net)
-€128,867
Financing
+€2,231
Short-term financial debts
+€2,231
Cash 2024
€18,629
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,059,842 | €3,771,096 | +€711,254 | +23.2% |
| Fixed assets | 21/28 | €2,268,677 | €2,234,830 | -€33,847 | -1.5% |
| Intangible fixed assets | 21 | €461,137 | €431,348 | -€29,788 | -6.5% |
| Tangible fixed assets | 22/27 | €19,777 | €15,718 | -€4,059 | -20.5% |
| Furniture and vehicles | 24 | €19,777 | €15,718 | -€4,059 | -20.5% |
| Financial fixed assets | 28 | €1,787,763 | €1,787,763 | = | 0.0% |
| Current assets | 29/58 | €791,165 | €1,536,267 | +€745,102 | +94.2% |
| Amounts receivable within one year | 40/41 | €761,129 | €1,510,306 | +€749,177 | +98.4% |
| Trade receivables | 40 | €675,441 | €1,508,460 | +€833,019 | +123% |
| Other amounts receivable | 41 | €85,688 | €1,846 | -€83,842 | -97.8% |
| Cash at bank and in hand | 54/58 | €4,680 | €18,629 | +€13,949 | +298% |
| Deferred charges and accrued income | 490/1 | €25,356 | €7,331 | -€18,025 | -71.1% |
| Total equity and liabilities | 10/49 | €3,059,842 | €3,771,096 | +€711,254 | +23.2% |
| Equity | 10/15 | €2,658,233 | €2,439,198 | -€219,036 | -8.2% |
| Contributions | 10/11 | €2,970,242 | €2,970,242 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€312,008 | -€531,044 | -€219,036 | -70.2% |
| Amounts payable | 17/49 | €401,608 | €1,331,899 | +€930,290 | +232% |
| Amounts payable within one year | 42/48 | €389,608 | €1,331,899 | +€942,290 | +242% |
| Financial debts | 43 | €1,612 | €3,844 | +€2,231 | +138% |
| Credit institutions | 430/8 | €19 | €3,844 | +€3,825 | +20,129% |
| Other loans | 439 | €1,593 | - | -€1,593 | |
| Trade debts | 44 | €19,414 | €25,438 | +€6,024 | +31.0% |
| Suppliers | 440/4 | €19,414 | €25,438 | +€6,024 | +31.0% |
| Taxes, remuneration and social security | 45 | €171,179 | €162,768 | -€8,411 | -4.9% |
| Taxes | 450/3 | €105,549 | €105,565 | +€16 | 0.0% |
| Remuneration and social security | 454/9 | €65,630 | €57,203 | -€8,428 | -12.8% |
| Other amounts payable | 47/48 | €197,402 | €1,139,849 | +€942,447 | +477% |
| Accrued charges and deferred income | 492/3 | €12,000 | - | -€12,000 | |
| Remuneration, social security and pensions | 62 | €568,292 | €661,218 | +€92,926 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,430 | €162,715 | +€44,285 | +37.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,361 | +€1,361 | |
| Other operating charges | 640/8 | €5,284 | €9,955 | +€4,671 | +88.4% |
| Gross operating margin | 9900 | €769,236 | €626,738 | -€142,498 | -18.5% |
| Operating profit (loss) | 9901 | €77,230 | -€208,511 | -€285,741 | |
| Financial income | 75/76B | €41 | €1,338 | +€1,297 | +3,175% |
| Recurring financial income | 75 | €41 | €1,338 | +€1,297 | +3,175% |
| Financial charges | 65/66B | €6,897 | €10,399 | +€3,502 | +50.8% |
| Recurring financial charges | 65 | €6,897 | €10,399 | +€3,502 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €70,374 | -€217,571 | -€287,946 | |
| Income taxes | 67/77 | €1,824 | €1,464 | -€360 | -19.7% |
| Profit (loss) for the period | 9904 | €68,550 | -€219,036 | -€287,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,550 | -€219,036 | -€287,586 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.