DW MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€6,196
up €6,196 (+2.6%), from €237,137 to €243,333
mainly Net result for the year (+€27,320) and Receivables within one year (+€4,078)
- Receivables within one year -€4,078
no longer reported in 2024 (was €4,078)
- Profit (loss) carried forward +€27,320
up €27,320 (+23.6%), from -€115,619 to -€88,299
- Other debts -€26,006
down €26,006 (-12.8%), from €203,855 to €177,849
- Financial charges -€258,130
down €258,130 (-99.5%), from €259,527 to €1,397
of which Non-recurring financial charges: -€257,652
- Gross operating margin +€13,556
up €13,556 (+46.1%), from €29,411 to €42,967
- Purchases and services -€13,556
down €13,556 (-31.5%), from €43,093 to €29,537
- Taxes +€5,231
up €5,231 (+69.6%), from €7,515 to €12,746
- Depreciation -€1,292
down €1,292 (-59.7%), from €2,165 to €873
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,874 | €244,407 | +€2,533 | +1.0% |
| Fixed assets | 21/28 | €659 | €1,074 | +€415 | +63.0% |
| Tangible fixed assets | 22/27 | €659 | €1,074 | +€415 | +63.0% |
| Plant, machinery and equipment | 23 | €502 | €1,074 | +€572 | +113.9% |
| Furniture and vehicles | 24 | €157 | - | -€157 | |
| Current assets | 29/58 | €241,215 | €243,333 | +€2,118 | +0.9% |
| Amounts receivable within one year | 40/41 | €4,078 | - | -€4,078 | |
| Other amounts receivable | 41 | €4,078 | - | -€4,078 | |
| Cash at bank and in hand | 54/58 | €237,137 | €243,333 | +€6,196 | +2.6% |
| Total equity and liabilities | 10/49 | €241,874 | €244,407 | +€2,533 | +1.0% |
| Equity | 10/15 | -€31,359 | -€4,039 | +€27,320 | +87.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €74,260 | €74,260 | = | 0.0% |
| Distributable reserves | 133 | €74,260 | €74,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,619 | -€88,299 | +€27,320 | +23.6% |
| Provisions and deferred taxes | 16 | €68,990 | €68,990 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €68,990 | €68,990 | = | 0.0% |
| Pensions and similar obligations | 160 | €68,990 | €68,990 | = | 0.0% |
| Amounts payable | 17/49 | €204,243 | €179,456 | -€24,787 | -12.1% |
| Amounts payable within one year | 42/48 | €204,243 | €179,456 | -€24,787 | -12.1% |
| Trade debts | 44 | €131 | €136 | +€5 | +3.8% |
| Suppliers | 440/4 | €131 | €136 | +€5 | +3.8% |
| Taxes, remuneration and social security | 45 | €257 | €1,471 | +€1,214 | +472.4% |
| Taxes | 450/3 | €257 | €1,471 | +€1,214 | +472.4% |
| Other amounts payable | 47/48 | €203,855 | €177,849 | -€26,006 | -12.8% |
| Turnover | 70 | €72,504 | €72,504 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €43,093 | €29,537 | -€13,556 | -31.5% |
| Remuneration, social security and pensions | 62 | - | €54 | +€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,165 | €873 | -€1,292 | -59.7% |
| Other operating charges | 640/8 | €563 | €577 | +€14 | +2.5% |
| Gross operating margin | 9900 | €29,411 | €42,967 | +€13,556 | +46.1% |
| Operating profit (loss) | 9901 | €26,683 | €41,463 | +€14,780 | +55.4% |
| Financial income | 75/76B | €120 | - | -€120 | |
| Recurring financial income | 75 | €120 | - | -€120 | |
| Financial charges | 65/66B | €259,527 | €1,397 | -€258,130 | -99.5% |
| Recurring financial charges | 65 | €1,875 | €1,397 | -€478 | -25.5% |
| Non-recurring financial charges | 66B | €257,652 | - | -€257,652 | |
| Profit (loss) for the period before taxes | 9903 | -€232,724 | €40,066 | +€272,790 | |
| Income taxes | 67/77 | €7,515 | €12,746 | +€5,231 | +69.6% |
| Profit (loss) for the period | 9904 | -€240,239 | €27,320 | +€267,559 | |
| Profit (loss) for the period to be appropriated | 9905 | -€240,239 | €27,320 | +€267,559 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.