DW & K HOUTCONSTRUCTIES: 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 & K HOUTCONSTRUCTIES
Largest movements
- Cash -€60,183
down €60,183 (-38.0%), from €158,488 to €98,305
mainly Investment in fixed assets (net) (-€81,108) and Stocks and contracts (-€41,869)
- Stocks and contracts +€41,869
up €41,869 (+91.1%), from €45,949 to €87,818
of which Contracts in progress: +€30,000
- Tangible fixed assets +€17,543
up €17,543 (+12.2%), from €143,978 to €161,521
of which Furniture and vehicles: +€37,725
- Reserves +€14,161
up €14,161 (+5.4%), from €261,419 to €275,579
- Trade debts -€13,275
down €13,275 (-73.9%), from €17,975 to €4,700
- Current portion of long-term debt -€7,578
down €7,578 (-100%), from €7,578 to €0
- Other debts +€4,023
up €4,023 (+7.2%), from €56,133 to €60,156
- Depreciation +€13,526
up €13,526 (+27.0%), from €50,039 to €63,565
- Taxes -€7,033
down €7,033 (-75.0%), from €9,381 to €2,348
- Gross operating margin -€6,506
down €6,506 (-7.1%), from €91,120 to €84,614
- Financial charges -€2,332
down €2,332 (-38.8%), from €6,004 to €3,672
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 | €364,907 | €364,082 | -€825 | -0.2% |
| Fixed assets | 21/28 | €143,978 | €161,521 | +€17,543 | +12.2% |
| Tangible fixed assets | 22/27 | €143,978 | €161,521 | +€17,543 | +12.2% |
| Plant, machinery and equipment | 23 | €119,958 | €99,776 | -€20,182 | -16.8% |
| Furniture and vehicles | 24 | €24,020 | €61,745 | +€37,725 | +157% |
| Current assets | 29/58 | €220,929 | €202,561 | -€18,368 | -8.3% |
| Stocks and contracts in progress | 3 | €45,949 | €87,818 | +€41,869 | +91.1% |
| Stocks | 30/36 | €45,949 | €57,818 | +€11,869 | +25.8% |
| Contracts in progress | 37 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €11,799 | €9,958 | -€1,841 | -15.6% |
| Trade receivables | 40 | €4,025 | €357 | -€3,668 | -91.1% |
| Other amounts receivable | 41 | €7,774 | €9,602 | +€1,827 | +23.5% |
| Cash at bank and in hand | 54/58 | €158,488 | €98,305 | -€60,183 | -38.0% |
| Deferred charges and accrued income | 490/1 | €4,693 | €6,480 | +€1,787 | +38.1% |
| Total equity and liabilities | 10/49 | €364,907 | €364,082 | -€825 | -0.2% |
| Equity | 10/15 | €280,269 | €294,429 | +€14,161 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €261,419 | €275,579 | +€14,161 | +5.4% |
| Distributable reserves | 133 | €261,419 | €275,579 | +€14,161 | +5.4% |
| Profit (loss) carried forward | 14 | €250 | €250 | = | 0.0% |
| Amounts payable | 17/49 | €84,638 | €69,653 | -€14,986 | -17.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €84,638 | €69,653 | -€14,986 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €7,578 | €0 | -€7,578 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €17,975 | €4,700 | -€13,275 | -73.9% |
| Suppliers | 440/4 | €17,975 | €4,700 | -€13,275 | -73.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,952 | €4,797 | +€1,845 | +62.5% |
| Taxes | 450/3 | €2,952 | €2,850 | -€102 | -3.5% |
| Remuneration and social security | 454/9 | - | €1,947 | +€1,947 | |
| Other amounts payable | 47/48 | €56,133 | €60,156 | +€4,023 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,039 | €63,565 | +€13,526 | +27.0% |
| Other operating charges | 640/8 | €1,500 | €1,727 | +€227 | +15.1% |
| Gross operating margin | 9900 | €91,120 | €84,614 | -€6,506 | -7.1% |
| Operating profit (loss) | 9901 | €39,581 | €19,322 | -€20,259 | -51.2% |
| Financial income | 75/76B | €939 | €858 | -€81 | -8.6% |
| Recurring financial income | 75 | €939 | €858 | -€81 | -8.6% |
| Financial charges | 65/66B | €6,004 | €3,672 | -€2,332 | -38.8% |
| Recurring financial charges | 65 | €6,004 | €3,672 | -€2,332 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €34,517 | €16,509 | -€18,008 | -52.2% |
| Income taxes | 67/77 | €9,381 | €2,348 | -€7,033 | -75.0% |
| Profit (loss) for the period | 9904 | €25,135 | €14,161 | -€10,975 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,135 | €14,161 | -€10,975 | -43.7% |
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 26 October 2026 via checked.be.