DW-TRANS: 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-TRANS
Largest movements
- Tangible fixed assets -€25,762
down €25,762 (-25.8%), from €99,946 to €74,184
of which Leasing and similar rights: -€36,452
- Receivables within one year -€20,581
down €20,581 (-58.1%), from €35,430 to €14,849
of which Trade receivables: -€17,575
- Cash -€4,835
down €4,835 (-23.2%), from €20,841 to €16,006
mainly Debts after one year (-€18,847) and Trade debts (-€12,294)
- Debts after one year -€18,847
down €18,847 (-79.8%), from €23,614 to €4,767
- Trade debts -€12,294
down €12,294 (-67.4%), from €18,235 to €5,941
- Current portion of long-term debt -€12,205
down €12,205 (-39.3%), from €31,052 to €18,847
- Other debts -€10,262
down €10,262 (-27.4%), from €37,481 to €27,219
- Profit (loss) carried forward +€2,409
up €2,409 (+21.7%), from €11,111 to €13,521
- Gross operating margin -€22,252
down €22,252 (-42.9%), from €51,866 to €29,615
- Financial charges -€842
down €842 (-54.2%), from €1,552 to €710
- Other operating charges -€806
down €806 (-52.4%), from €1,539 to €733
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 | €161,252 | €110,221 | -€51,030 | -31.6% |
| Fixed assets | 21/28 | €100,696 | €74,934 | -€25,762 | -25.6% |
| Tangible fixed assets | 22/27 | €99,946 | €74,184 | -€25,762 | -25.8% |
| Furniture and vehicles | 24 | €60,219 | €71,245 | +€11,026 | +18.3% |
| Leasing and similar rights | 25 | €36,452 | - | -€36,452 | |
| Other tangible fixed assets | 26 | €3,275 | €2,939 | -€336 | -10.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €60,556 | €35,288 | -€25,268 | -41.7% |
| Amounts receivable within one year | 40/41 | €35,430 | €14,849 | -€20,581 | -58.1% |
| Trade receivables | 40 | €27,242 | €9,666 | -€17,575 | -64.5% |
| Other amounts receivable | 41 | €8,189 | €5,183 | -€3,006 | -36.7% |
| Cash at bank and in hand | 54/58 | €20,841 | €16,006 | -€4,835 | -23.2% |
| Deferred charges and accrued income | 490/1 | €4,284 | €4,433 | +€148 | +3.5% |
| Total equity and liabilities | 10/49 | €161,252 | €110,221 | -€51,030 | -31.6% |
| Equity | 10/15 | €50,611 | €53,021 | +€2,409 | +4.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €14,500 | €14,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,111 | €13,521 | +€2,409 | +21.7% |
| Amounts payable | 17/49 | €110,640 | €57,201 | -€53,439 | -48.3% |
| Amounts payable after more than one year | 17 | €23,614 | €4,767 | -€18,847 | -79.8% |
| Financial debts | 170/4 | €23,614 | €4,767 | -€18,847 | -79.8% |
| Amounts payable within one year | 42/48 | €86,768 | €52,434 | -€34,335 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €31,052 | €18,847 | -€12,205 | -39.3% |
| Trade debts | 44 | €18,235 | €5,941 | -€12,294 | -67.4% |
| Suppliers | 440/4 | €18,235 | €5,941 | -€12,294 | -67.4% |
| Taxes, remuneration and social security | 45 | - | €426 | +€426 | |
| Taxes | 450/3 | - | €426 | +€426 | |
| Other amounts payable | 47/48 | €37,481 | €27,219 | -€10,262 | -27.4% |
| Accrued charges and deferred income | 492/3 | €258 | - | -€258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,511 | €25,762 | +€251 | +1.0% |
| Other operating charges | 640/8 | €1,539 | €733 | -€806 | -52.4% |
| Gross operating margin | 9900 | €51,866 | €29,615 | -€22,252 | -42.9% |
| Operating profit (loss) | 9901 | €24,816 | €3,120 | -€21,696 | -87.4% |
| Financial charges | 65/66B | €1,552 | €710 | -€842 | -54.2% |
| Recurring financial charges | 65 | €1,552 | €710 | -€842 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €23,264 | €2,409 | -€20,855 | -89.6% |
| Profit (loss) for the period | 9904 | €23,264 | €2,409 | -€20,855 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,264 | €2,409 | -€20,855 | -89.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.