DW Systems: 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 Systems
Largest movements
- Cash -€11,649
down €11,649 (-45.8%), from €25,407 to €13,758
mainly Net result for the year (-€11,301) and Tax, wage and social debts (-€3,695)
- Tangible fixed assets -€7,177
down €7,177 (-30.4%), from €23,621 to €16,444
- Receivables within one year +€3,549
up €3,549 (+25.1%), from €14,155 to €17,705
of which Trade receivables: +€2,734
- Profit (loss) carried forward -€8,171
new in 2025: -€8,171
- Tax, wage and social debts -€3,695
down €3,695 (-51.3%), from €7,202 to €3,508
- Reserves -€3,130
down €3,130 (-6.8%), from €46,200 to €43,069
- Gross operating margin -€13,704
down €13,704, from €11,918 to -€1,786
- Taxes -€1,737
down €1,737 (-85.0%), from €2,044 to €307
- Other operating charges +€1,363
up €1,363 (+595.8%), from €229 to €1,592
- Depreciation +€577
up €577 (+8.0%), from €7,176 to €7,753
- Financial charges -€345
down €345 (-64.4%), from €536 to €191
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 | €63,184 | €48,064 | -€15,120 | -23.9% |
| Fixed assets | 21/28 | €23,621 | €16,444 | -€7,177 | -30.4% |
| Tangible fixed assets | 22/27 | €23,621 | €16,444 | -€7,177 | -30.4% |
| Land and buildings | 22 | €7,031 | €5,409 | -€1,623 | -23.1% |
| Plant, machinery and equipment | 23 | €7,180 | €4,464 | -€2,716 | -37.8% |
| Furniture and vehicles | 24 | €9,410 | €6,572 | -€2,839 | -30.2% |
| Current assets | 29/58 | €39,563 | €31,620 | -€7,943 | -20.1% |
| Amounts receivable within one year | 40/41 | €14,155 | €17,705 | +€3,549 | +25.1% |
| Trade receivables | 40 | €9,698 | €12,431 | +€2,734 | +28.2% |
| Other amounts receivable | 41 | €4,458 | €5,273 | +€815 | +18.3% |
| Cash at bank and in hand | 54/58 | €25,407 | €13,758 | -€11,649 | -45.8% |
| Deferred charges and accrued income | 490/1 | - | €157 | +€157 | |
| Total equity and liabilities | 10/49 | €63,184 | €48,064 | -€15,120 | -23.9% |
| Equity | 10/15 | €52,400 | €41,099 | -€11,301 | -21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,200 | €43,069 | -€3,130 | -6.8% |
| Distributable reserves | 133 | €46,200 | €43,069 | -€3,130 | -6.8% |
| Profit (loss) carried forward | 14 | - | -€8,171 | -€8,171 | |
| Amounts payable | 17/49 | €10,784 | €6,965 | -€3,819 | -35.4% |
| Amounts payable within one year | 42/48 | €10,784 | €6,965 | -€3,819 | -35.4% |
| Trade debts | 44 | €3,582 | €3,457 | -€124 | -3.5% |
| Suppliers | 440/4 | €3,582 | €3,457 | -€124 | -3.5% |
| Taxes, remuneration and social security | 45 | €7,202 | €3,508 | -€3,695 | -51.3% |
| Taxes | 450/3 | €7,202 | €3,508 | -€3,695 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,176 | €7,753 | +€577 | +8.0% |
| Other operating charges | 640/8 | €229 | €1,592 | +€1,363 | +595.8% |
| Gross operating margin | 9900 | €11,918 | -€1,786 | -€13,704 | |
| Operating profit (loss) | 9901 | €4,513 | -€11,131 | -€15,644 | |
| Financial income | 75/76B | €28 | €328 | +€300 | +1069.1% |
| Recurring financial income | 75 | €28 | €328 | +€300 | +1069.1% |
| Financial charges | 65/66B | €536 | €191 | -€345 | -64.4% |
| Recurring financial charges | 65 | €536 | €191 | -€345 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €4,005 | -€10,994 | -€14,999 | |
| Income taxes | 67/77 | €2,044 | €307 | -€1,737 | -85.0% |
| Profit (loss) for the period | 9904 | €1,961 | -€11,301 | -€13,262 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,961 | -€11,301 | -€13,262 |
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 12 October 2026 via checked.be.