DW TECH: 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 TECH
Largest movements
- Cash +€119,569
up €119,569 (+133%), from €90,030 to €209,599
mainly Current investments (+€58,596) and Depreciation (+€53,062)
- Current investments -€58,596
down €58,596 (-61.9%), from €94,596 to €36,000
- Tangible fixed assets -€53,062
down €53,062 (-8.7%), from €607,108 to €554,046
- Debts after one year -€49,245
down €49,245 (-15.5%), from €317,689 to €268,444
- Reserves +€46,811
up €46,811 (+12.5%), from €374,642 to €421,452
of which Distributable reserves: +€46,811
- Tax, wage and social debts -€13,948
down €13,948 (-56.2%), from €24,838 to €10,890
- Other debts +€11,378
up €11,378 (+27.1%), from €41,972 to €53,350
- Gross operating margin -€8,111
down €8,111 (-6.1%), from €133,154 to €125,044
- Depreciation +€5,524
up €5,524 (+11.6%), from €47,539 to €53,062
- Taxes -€3,459
down €3,459 (-15.1%), from €22,856 to €19,396
- Financial charges +€2,166
up €2,166 (+33.7%), from €6,437 to €8,603
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 | €831,384 | €831,759 | +€375 | 0.0% |
| Fixed assets | 21/28 | €607,108 | €554,046 | -€53,062 | -8.7% |
| Tangible fixed assets | 22/27 | €607,108 | €554,046 | -€53,062 | -8.7% |
| Land and buildings | 22 | €519,623 | €494,837 | -€24,786 | -4.8% |
| Plant, machinery and equipment | 23 | €1,098 | €116 | -€982 | -89.4% |
| Furniture and vehicles | 24 | €77,963 | €51,925 | -€26,038 | -33.4% |
| Other tangible fixed assets | 26 | €8,424 | €7,168 | -€1,257 | -14.9% |
| Current assets | 29/58 | €224,276 | €277,713 | +€53,437 | +23.8% |
| Stocks and contracts in progress | 3 | €7,246 | €3,745 | -€3,501 | -48.3% |
| Stocks | 30/36 | €4,046 | €3,645 | -€401 | -9.9% |
| Contracts in progress | 37 | €3,200 | €100 | -€3,100 | -96.9% |
| Amounts receivable within one year | 40/41 | €28,814 | €24,913 | -€3,901 | -13.5% |
| Trade receivables | 40 | €28,814 | €24,913 | -€3,901 | -13.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €94,596 | €36,000 | -€58,596 | -61.9% |
| Cash at bank and in hand | 54/58 | €90,030 | €209,599 | +€119,569 | +133% |
| Deferred charges and accrued income | 490/1 | €3,590 | €3,457 | -€133 | -3.7% |
| Total equity and liabilities | 10/49 | €831,384 | €831,759 | +€375 | 0.0% |
| Equity | 10/15 | €393,242 | €440,052 | +€46,811 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €374,642 | €421,452 | +€46,811 | +12.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20 | €20 | = | 0.0% |
| Distributable reserves | 133 | €372,762 | €419,572 | +€46,811 | +12.6% |
| Amounts payable | 17/49 | €438,143 | €391,707 | -€46,436 | -10.6% |
| Amounts payable after more than one year | 17 | €317,689 | €268,444 | -€49,245 | -15.5% |
| Financial debts | 170/4 | €317,689 | €268,444 | -€49,245 | -15.5% |
| Amounts payable within one year | 42/48 | €118,521 | €120,217 | +€1,695 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €48,773 | €49,245 | +€472 | +1.0% |
| Trade debts | 44 | €2,938 | €6,732 | +€3,794 | +129% |
| Suppliers | 440/4 | €2,938 | €6,732 | +€3,794 | +129% |
| Taxes, remuneration and social security | 45 | €24,838 | €10,890 | -€13,948 | -56.2% |
| Taxes | 450/3 | €24,838 | €10,890 | -€13,948 | -56.2% |
| Other amounts payable | 47/48 | €41,972 | €53,350 | +€11,378 | +27.1% |
| Accrued charges and deferred income | 492/3 | €1,932 | €3,046 | +€1,114 | +57.6% |
| Non-recurring operating income | 76A | €2,479 | €0 | -€2,479 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,539 | €53,062 | +€5,524 | +11.6% |
| Other operating charges | 640/8 | €3,187 | €3,802 | +€615 | +19.3% |
| Gross operating margin | 9900 | €133,154 | €125,044 | -€8,111 | -6.1% |
| Operating profit (loss) | 9901 | €82,429 | €68,179 | -€14,249 | -17.3% |
| Financial income | 75/76B | €7,839 | €6,631 | -€1,209 | -15.4% |
| Recurring financial income | 75 | €3,261 | €6,631 | +€3,369 | +103% |
| Non-recurring financial income | 76B | €4,578 | €0 | -€4,578 | -100% |
| Financial charges | 65/66B | €6,437 | €8,603 | +€2,166 | +33.7% |
| Recurring financial charges | 65 | €6,437 | €8,603 | +€2,166 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €83,831 | €66,207 | -€17,624 | -21.0% |
| Income taxes | 67/77 | €22,856 | €19,396 | -€3,459 | -15.1% |
| Profit (loss) for the period | 9904 | €60,976 | €46,811 | -€14,165 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,976 | €46,811 | -€14,165 | -23.2% |
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 15 October 2026 via checked.be.