DW Max: 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 Max
Largest movements
- Cash +€88,580
up €88,580 (+4960.9%), from €1,786 to €90,365
mainly Net result for the year (+€73,826) and Tax, wage and social debts (+€24,693)
- Receivables within one year +€6,764
new in 2025: €6,764
- Deferred charges and accrued income +€1,638
new in 2025: €1,638
- Tangible fixed assets +€1,486
new in 2025: €1,486
- Profit (loss) carried forward +€73,826
up €73,826, from -€2,820 to €71,006
- Tax, wage and social debts +€24,693
new in 2025: €24,693
- Gross operating margin +€97,897
up €97,897, from -€2,282 to €95,614
- Taxes +€18,432
new in 2025: €18,432
- Financial charges +€2,619
new in 2025: €2,619
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 | €1,786 | €100,253 | +€98,467 | +5514.6% |
| Fixed assets | 21/28 | - | €1,486 | +€1,486 | |
| Tangible fixed assets | 22/27 | - | €1,486 | +€1,486 | |
| Plant, machinery and equipment | 23 | - | €1,486 | +€1,486 | |
| Current assets | 29/58 | €1,786 | €98,767 | +€96,981 | +5431.4% |
| Amounts receivable within one year | 40/41 | - | €6,764 | +€6,764 | |
| Other amounts receivable | 41 | - | €6,764 | +€6,764 | |
| Cash at bank and in hand | 54/58 | €1,786 | €90,365 | +€88,580 | +4960.9% |
| Deferred charges and accrued income | 490/1 | - | €1,638 | +€1,638 | |
| Total equity and liabilities | 10/49 | €1,786 | €100,253 | +€98,467 | +5514.6% |
| Equity | 10/15 | €180 | €74,006 | +€73,826 | +40953.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,820 | €71,006 | +€73,826 | |
| Amounts payable | 17/49 | €1,605 | €26,246 | +€24,641 | +1535.0% |
| Amounts payable within one year | 42/48 | €1,605 | €26,246 | +€24,641 | +1535.0% |
| Trade debts | 44 | €1,605 | €1,553 | -€52 | -3.2% |
| Suppliers | 440/4 | €1,605 | €1,553 | -€52 | -3.2% |
| Taxes, remuneration and social security | 45 | - | €24,693 | +€24,693 | |
| Taxes | 450/3 | - | €24,693 | +€24,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €334 | +€334 | |
| Other operating charges | 640/8 | €537 | €590 | +€53 | +9.8% |
| Gross operating margin | 9900 | -€2,282 | €95,614 | +€97,897 | |
| Operating profit (loss) | 9901 | -€2,820 | €94,690 | +€97,510 | |
| Financial income | 75/76B | - | €186 | +€186 | |
| Recurring financial income | 75 | - | €186 | +€186 | |
| Financial charges | 65/66B | - | €2,619 | +€2,619 | |
| Recurring financial charges | 65 | - | €2,619 | +€2,619 | |
| Profit (loss) for the period before taxes | 9903 | -€2,820 | €92,258 | +€95,077 | |
| Income taxes | 67/77 | - | €18,432 | +€18,432 | |
| Profit (loss) for the period | 9904 | -€2,820 | €73,826 | +€76,646 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,820 | €73,826 | +€76,646 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.