DW TEC: 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 TEC
Largest movements
- Receivables within one year +€32,382
up €32,382 (+76.3%), from €42,461 to €74,843
of which Trade receivables: +€17,285
- Cash -€8,331
down €8,331 (-98.4%), from €8,470 to €139
mainly Receivables within one year (-€32,382) and Contributions, distributions and other (-€17,500)
- Tangible fixed assets -€1,102
down €1,102 (-30.5%), from €3,612 to €2,511
- Other debts +€17,500
new in 2025: €17,500
- Current portion of long-term debt +€5,859
up €5,859 (+139.8%), from €4,191 to €10,050
- Trade debts +€1,862
up €1,862 (+29.2%), from €6,380 to €8,242
- Tax, wage and social debts -€1,858
down €1,858 (-9.9%), from €18,683 to €16,826
- Debts after one year -€841
down €841 (-39.9%), from €2,108 to €1,267
- Gross operating margin +€11,281
up €11,281 (+83.4%), from €13,529 to €24,809
- Taxes +€2,303
up €2,303 (+78.6%), from €2,931 to €5,234
- Financial charges +€790
up €790 (+35.7%), from €2,213 to €3,003
- Financial income +€728
up €728 (+40.6%), from €1,790 to €2,518
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 | €54,543 | €77,493 | +€22,950 | +42.1% |
| Fixed assets | 21/28 | €3,612 | €2,511 | -€1,102 | -30.5% |
| Tangible fixed assets | 22/27 | €3,612 | €2,511 | -€1,102 | -30.5% |
| Furniture and vehicles | 24 | €3,612 | €2,511 | -€1,102 | -30.5% |
| Current assets | 29/58 | €50,931 | €74,982 | +€24,051 | +47.2% |
| Amounts receivable within one year | 40/41 | €42,461 | €74,843 | +€32,382 | +76.3% |
| Trade receivables | 40 | €3,561 | €20,846 | +€17,285 | +485.4% |
| Other amounts receivable | 41 | €38,900 | €53,997 | +€15,098 | +38.8% |
| Cash at bank and in hand | 54/58 | €8,470 | €139 | -€8,331 | -98.4% |
| Total equity and liabilities | 10/49 | €54,543 | €77,493 | +€22,950 | +42.1% |
| Equity | 10/15 | €23,180 | €23,607 | +€427 | +1.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €21,180 | €21,607 | +€427 | +2.0% |
| Distributable reserves | 133 | €21,180 | €21,607 | +€427 | +2.0% |
| Amounts payable | 17/49 | €31,363 | €53,886 | +€22,523 | +71.8% |
| Amounts payable after more than one year | 17 | €2,108 | €1,267 | -€841 | -39.9% |
| Financial debts | 170/4 | €2,108 | €1,267 | -€841 | -39.9% |
| Amounts payable within one year | 42/48 | €29,255 | €52,618 | +€23,364 | +79.9% |
| Current portion of amounts payable after more than one year | 42 | €4,191 | €10,050 | +€5,859 | +139.8% |
| Trade debts | 44 | €6,380 | €8,242 | +€1,862 | +29.2% |
| Suppliers | 440/4 | €6,380 | €8,242 | +€1,862 | +29.2% |
| Taxes, remuneration and social security | 45 | €18,683 | €16,826 | -€1,858 | -9.9% |
| Taxes | 450/3 | €18,683 | €16,826 | -€1,858 | -9.9% |
| Other amounts payable | 47/48 | - | €17,500 | +€17,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,102 | €1,102 | = | 0.0% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €13,529 | €24,809 | +€11,281 | +83.4% |
| Operating profit (loss) | 9901 | €12,427 | €23,646 | +€11,219 | +90.3% |
| Financial income | 75/76B | €1,790 | €2,518 | +€728 | +40.6% |
| Recurring financial income | 75 | €1,790 | €2,518 | +€728 | +40.6% |
| Financial charges | 65/66B | €2,213 | €3,003 | +€790 | +35.7% |
| Recurring financial charges | 65 | €2,213 | €3,003 | +€790 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €12,005 | €23,161 | +€11,156 | +92.9% |
| Income taxes | 67/77 | €2,931 | €5,234 | +€2,303 | +78.6% |
| Profit (loss) for the period | 9904 | €9,073 | €17,927 | +€8,854 | +97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,073 | €17,927 | +€8,854 | +97.6% |
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 7 October 2026 via checked.be.