DW REPAIR: 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 REPAIR
Largest movements
- Tangible fixed assets +€577,676
up €577,676 (+495%), from €116,666 to €694,342
of which Land and buildings: +€583,547
- Receivables within one year -€148,051
down €148,051 (-48.7%), from €303,953 to €155,902
of which Other amounts receivable: -€146,651
- Cash -€126,639
down €126,639 (-79.8%), from €158,630 to €31,991
mainly Investment in fixed assets (net) (-€699,445) and Contributions, distributions and other (-€255,260)
- Current investments +€55,000
new in 2025: €55,000
- Financial fixed assets +€19,300
up €19,300 (+4.1%), from €470,503 to €489,803
- Debts after one year +€514,268
up €514,268 (+19,068%), from €2,697 to €516,965
- Reserves -€161,479
down €161,479 (-18.2%), from €885,937 to €724,458
- Tax, wage and social debts -€41,889
down €41,889 (-62.6%), from €66,929 to €25,040
- Current portion of long-term debt +€37,102
up €37,102 (+231%), from €16,049 to €53,151
- Trade debts +€14,791
up €14,791 (+394%), from €3,757 to €18,549
- Gross operating margin -€83,140
down €83,140 (-25.1%), from €330,787 to €247,648
- Depreciation +€55,728
up €55,728 (+119%), from €46,741 to €102,469
- Taxes -€54,647
down €54,647 (-58.7%), from €93,140 to €38,493
- Financial income -€9,538
down €9,538 (-99.8%), from €9,552 to €14
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 | €1,050,369 | €1,427,656 | +€377,287 | +35.9% |
| Fixed assets | 21/28 | €587,168 | €1,184,145 | +€596,976 | +102% |
| Tangible fixed assets | 22/27 | €116,666 | €694,342 | +€577,676 | +495% |
| Land and buildings | 22 | - | €583,547 | +€583,547 | |
| Plant, machinery and equipment | 23 | €10,087 | €6,711 | -€3,375 | -33.5% |
| Furniture and vehicles | 24 | €106,579 | €104,084 | -€2,495 | -2.3% |
| Financial fixed assets | 28 | €470,503 | €489,803 | +€19,300 | +4.1% |
| Current assets | 29/58 | €463,200 | €243,512 | -€219,689 | -47.4% |
| Amounts receivable within one year | 40/41 | €303,953 | €155,902 | -€148,051 | -48.7% |
| Trade receivables | 40 | €112,808 | €111,407 | -€1,401 | -1.2% |
| Other amounts receivable | 41 | €191,146 | €44,495 | -€146,651 | -76.7% |
| Current investments | 50/53 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €158,630 | €31,991 | -€126,639 | -79.8% |
| Deferred charges and accrued income | 490/1 | €617 | €619 | +€1 | +0.2% |
| Total equity and liabilities | 10/49 | €1,050,369 | €1,427,656 | +€377,287 | +35.9% |
| Equity | 10/15 | €960,937 | €799,458 | -€161,479 | -16.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €885,937 | €724,458 | -€161,479 | -18.2% |
| Distributable reserves | 133 | €885,937 | €724,458 | -€161,479 | -18.2% |
| Amounts payable | 17/49 | €89,432 | €628,198 | +€538,766 | +602% |
| Amounts payable after more than one year | 17 | €2,697 | €516,965 | +€514,268 | +19,068% |
| Financial debts | 170/4 | €2,697 | €516,965 | +€514,268 | +19,068% |
| Amounts payable within one year | 42/48 | €86,735 | €111,153 | +€24,418 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €16,049 | €53,151 | +€37,102 | +231% |
| Trade debts | 44 | €3,757 | €18,549 | +€14,791 | +394% |
| Suppliers | 440/4 | €3,757 | €18,549 | +€14,791 | +394% |
| Taxes, remuneration and social security | 45 | €66,929 | €25,040 | -€41,889 | -62.6% |
| Taxes | 450/3 | €66,929 | €25,040 | -€41,889 | -62.6% |
| Other amounts payable | 47/48 | - | €14,414 | +€14,414 | |
| Accrued charges and deferred income | 492/3 | - | €80 | +€80 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,741 | €102,469 | +€55,728 | +119% |
| Other operating charges | 640/8 | €5,024 | €8,255 | +€3,231 | +64.3% |
| Gross operating margin | 9900 | €330,787 | €247,648 | -€83,140 | -25.1% |
| Operating profit (loss) | 9901 | €279,023 | €136,924 | -€142,099 | -50.9% |
| Financial income | 75/76B | €9,552 | €14 | -€9,538 | -99.8% |
| Recurring financial income | 75 | €9,552 | €14 | -€9,538 | -99.8% |
| Financial charges | 65/66B | €2,082 | €4,663 | +€2,582 | +124% |
| Recurring financial charges | 65 | €2,082 | €4,663 | +€2,582 | +124% |
| Profit (loss) for the period before taxes | 9903 | €286,493 | €132,275 | -€154,218 | -53.8% |
| Income taxes | 67/77 | €93,140 | €38,493 | -€54,647 | -58.7% |
| Profit (loss) for the period | 9904 | €193,353 | €93,782 | -€99,572 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €193,353 | €93,782 | -€99,572 | -51.5% |
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 30 October 2026 via checked.be.