DW TECHNICS: what changed
DW TECHNICS
Largest movements
- Receivables within one year +€55,413
up €55,413 (+89.2%), from €62,139 to €117,552
of which Trade receivables: +€45,642
- Tangible fixed assets -€18,206
down €18,206 (-11.7%), from €155,335 to €137,129
of which Plant, machinery and equipment: -€23,235
- Stocks and contracts -€5,200
down €5,200 (-20.5%), from €25,400 to €20,200
- Cash -€3,886
down €3,886 (-55.9%), from €6,958 to €3,072
mainly Receivables within one year (-€55,413) and Debts after one year (-€10,270)
- Short-term financial debts +€12,047
up €12,047 (+1,412%), from €853 to €12,900
- Reserves +€12,025
up €12,025 (+27.6%), from €43,542 to €55,568
of which Distributable reserves: +€12,025
- Debts after one year -€10,270
down €10,270 (-9.6%), from €107,383 to €97,113
- Profit (loss) carried forward +€6,044
no longer reported in 2025 (was -€6,044)
- Trade debts +€4,384
up €4,384 (+7.6%), from €57,838 to €62,223
- Gross operating margin +€22,296
up €22,296 (+72.6%), from €30,699 to €52,996
- Staff costs -€4,663
down €4,663 (-64.5%), from €7,231 to €2,567
- Taxes +€4,661
new in 2025: €4,661
- Depreciation +€2,624
up €2,624 (+14.9%), from €17,585 to €20,209
- Other operating charges +€830
up €830 (+53.0%), from €1,567 to €2,397
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,342 | €278,766 | +€27,424 | +10.9% |
| Fixed assets | 21/28 | €155,335 | €137,129 | -€18,206 | -11.7% |
| Tangible fixed assets | 22/27 | €155,335 | €137,129 | -€18,206 | -11.7% |
| Land and buildings | 22 | €123,368 | €131,133 | +€7,765 | +6.3% |
| Plant, machinery and equipment | 23 | €24,741 | €1,506 | -€23,235 | -93.9% |
| Furniture and vehicles | 24 | €7,226 | €4,490 | -€2,735 | -37.9% |
| Current assets | 29/58 | €96,007 | €141,637 | +€45,630 | +47.5% |
| Stocks and contracts in progress | 3 | €25,400 | €20,200 | -€5,200 | -20.5% |
| Stocks | 30/36 | €25,400 | €20,200 | -€5,200 | -20.5% |
| Amounts receivable within one year | 40/41 | €62,139 | €117,552 | +€55,413 | +89.2% |
| Trade receivables | 40 | €10,673 | €56,314 | +€45,642 | +428% |
| Other amounts receivable | 41 | €51,467 | €61,238 | +€9,771 | +19.0% |
| Cash at bank and in hand | 54/58 | €6,958 | €3,072 | -€3,886 | -55.9% |
| Deferred charges and accrued income | 490/1 | €1,510 | €813 | -€696 | -46.1% |
| Total equity and liabilities | 10/49 | €251,342 | €278,766 | +€27,424 | +10.9% |
| Equity | 10/15 | €56,098 | €74,168 | +€18,069 | +32.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,542 | €55,568 | +€12,025 | +27.6% |
| Tax-exempt reserves | 132 | €1,275 | €1,275 | = | 0.0% |
| Distributable reserves | 133 | €42,267 | €54,292 | +€12,025 | +28.5% |
| Profit (loss) carried forward | 14 | -€6,044 | - | +€6,044 | |
| Amounts payable | 17/49 | €195,244 | €204,599 | +€9,355 | +4.8% |
| Amounts payable after more than one year | 17 | €107,383 | €97,113 | -€10,270 | -9.6% |
| Financial debts | 170/4 | €107,383 | €97,113 | -€10,270 | -9.6% |
| Amounts payable within one year | 42/48 | €87,861 | €107,486 | +€19,625 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €10,109 | €10,270 | +€161 | +1.6% |
| Financial debts | 43 | €853 | €12,900 | +€12,047 | +1,412% |
| Credit institutions | 430/8 | €853 | €12,900 | +€12,047 | +1,412% |
| Trade debts | 44 | €57,838 | €62,223 | +€4,384 | +7.6% |
| Suppliers | 440/4 | €57,838 | €62,223 | +€4,384 | +7.6% |
| Taxes, remuneration and social security | 45 | €1,272 | €4,661 | +€3,389 | +267% |
| Taxes | 450/3 | €1,272 | €4,661 | +€3,389 | +267% |
| Other amounts payable | 47/48 | €17,789 | €17,433 | -€356 | -2.0% |
| Remuneration, social security and pensions | 62 | €7,231 | €2,567 | -€4,663 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,585 | €20,209 | +€2,624 | +14.9% |
| Other operating charges | 640/8 | €1,567 | €2,397 | +€830 | +53.0% |
| Gross operating margin | 9900 | €30,699 | €52,996 | +€22,296 | +72.6% |
| Operating profit (loss) | 9901 | €4,317 | €27,823 | +€23,506 | +544% |
| Financial income | 75/76B | €383 | €179 | -€204 | -53.3% |
| Recurring financial income | 75 | €383 | €179 | -€204 | -53.3% |
| Financial charges | 65/66B | €5,060 | €5,272 | +€211 | +4.2% |
| Recurring financial charges | 65 | €5,060 | €5,272 | +€211 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€360 | €22,730 | +€23,090 | |
| Income taxes | 67/77 | - | €4,661 | +€4,661 | |
| Profit (loss) for the period | 9904 | -€360 | €18,069 | +€18,430 | |
| Profit (loss) for the period to be appropriated | 9905 | -€360 | €18,069 | +€18,430 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.