DW Vakantiewoning: what changed
What changed
DW Vakantiewoning
NACE 55.203, Holiday cottages, homes and apartments
filed annual accounts (NBB)
Net result for the year
-€51,598
2024 · €91,808-€143,406
Equity
€156,311
2024 · €207,909-€51,598
Cash
€678
2024 · €86,754-€86,076
Balance sheet total
€489,951
2024 · €405,885+€84,066
Largest movements
Assets
- Tangible fixed assets +€183,653
up €183,653 (+69.8%), from €262,971 to €446,624
of which Land and buildings: +€172,357
- Cash -€86,076
down €86,076 (-99.2%), from €86,754 to €678
mainly Investment in fixed assets (net) (-€212,006) and Net result for the year (-€51,598)
- Receivables within one year -€13,511
down €13,511 (-24.4%), from €55,310 to €41,799
of which Other amounts receivable: -€11,040
Equity and liabilities
- Debts after one year +€66,940
up €66,940 (+57.0%), from €117,500 to €184,440
- Reserves -€51,598
down €51,598 (-26.4%), from €195,509 to €143,911
of which Distributable reserves: -€51,598
- Trade debts +€27,107
up €27,107 (+109%), from €24,812 to €51,919
- Other debts +€26,834
up €26,834 (+720%), from €3,727 to €30,561
- Provisions -€16,507
down €16,507 (-100%), from €16,507 to €0
Income statement
- Gross operating margin -€64,509
down €64,509 (-73.4%), from €87,854 to €23,346
- Other operating charges +€49,693
up €49,693 (+1,553%), from €3,200 to €52,893
- Taxes -€21,105
down €21,105 (-98.7%), from €21,392 to €287
- Depreciation +€11,632
up €11,632 (+69.6%), from €16,721 to €28,353
- Financial charges -€1,272
down €1,272 (-10.4%), from €12,211 to €10,939
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.
Result 2024
€91,808
Gross operating margin
-€64,509
Depreciation
-€11,632
Other operating charges
-€49,693
Financial income
+€985
Financial charges
+€1,272
Taxes
+€21,105
Deferred taxes and other
-€40,935
Result 2025
-€51,598
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€42,610
Investment
-€212,006
Financing
+€83,320
Cash 2024
€86,754
From operations (derived)
+€42,610
Net result for the year
-€51,598
Depreciation
+€28,353
Receivables within one year
+€13,511
Provisions
-€16,507
Trade debts
+€27,107
Tax, wage and social debts
+€11,906
Other debts
+€26,834
Accrued charges and deferred income
+€3,004
Investment (derived)
-€212,006
Investment in fixed assets (net)
-€212,006
Financing
+€83,320
Debts after one year
+€66,940
Current portion of long-term debt
+€11,659
Short-term financial debts
+€4,721
Cash 2025
€678
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €405,885 | €489,951 | +€84,066 | +20.7% |
| Fixed assets | 21/28 | €263,821 | €447,474 | +€183,653 | +69.6% |
| Tangible fixed assets | 22/27 | €262,971 | €446,624 | +€183,653 | +69.8% |
| Land and buildings | 22 | €243,257 | €415,614 | +€172,357 | +70.9% |
| Plant, machinery and equipment | 23 | €19,714 | €29,479 | +€9,764 | +49.5% |
| Furniture and vehicles | 24 | €0 | €1,532 | +€1,532 | |
| Financial fixed assets | 28 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €142,064 | €42,477 | -€99,587 | -70.1% |
| Amounts receivable within one year | 40/41 | €55,310 | €41,799 | -€13,511 | -24.4% |
| Trade receivables | 40 | €44,270 | €41,799 | -€2,470 | -5.6% |
| Other amounts receivable | 41 | €11,040 | €0 | -€11,040 | -100% |
| Cash at bank and in hand | 54/58 | €86,754 | €678 | -€86,076 | -99.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €405,885 | €489,951 | +€84,066 | +20.7% |
| Equity | 10/15 | €207,909 | €156,311 | -€51,598 | -24.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €195,509 | €143,911 | -€51,598 | -26.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,522 | €49,522 | = | 0.0% |
| Distributable reserves | 133 | €144,128 | €92,530 | -€51,598 | -35.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €16,507 | €0 | -€16,507 | -100% |
| Deferred taxes | 168 | €16,507 | €0 | -€16,507 | -100% |
| Amounts payable | 17/49 | €181,469 | €333,640 | +€152,172 | +83.9% |
| Amounts payable after more than one year | 17 | €117,500 | €184,440 | +€66,940 | +57.0% |
| Financial debts | 170/4 | €117,500 | €184,440 | +€66,940 | +57.0% |
| Amounts payable within one year | 42/48 | €57,376 | €139,604 | +€82,228 | +143% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €17,659 | +€11,659 | +194% |
| Financial debts | 43 | €254 | €4,975 | +€4,721 | +1,856% |
| Credit institutions | 430/8 | €254 | €4,975 | +€4,721 | +1,856% |
| Trade debts | 44 | €24,812 | €51,919 | +€27,107 | +109% |
| Suppliers | 440/4 | €24,812 | €51,919 | +€27,107 | +109% |
| Taxes, remuneration and social security | 45 | €22,583 | €34,489 | +€11,906 | +52.7% |
| Taxes | 450/3 | €22,583 | €34,489 | +€11,906 | +52.7% |
| Other amounts payable | 47/48 | €3,727 | €30,561 | +€26,834 | +720% |
| Accrued charges and deferred income | 492/3 | €6,593 | €9,596 | +€3,004 | +45.6% |
| Non-recurring operating income | 76A | €66,381 | €0 | -€66,381 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,721 | €28,353 | +€11,632 | +69.6% |
| Other operating charges | 640/8 | €3,200 | €52,893 | +€49,693 | +1,553% |
| Gross operating margin | 9900 | €87,854 | €23,346 | -€64,509 | -73.4% |
| Operating profit (loss) | 9901 | €67,934 | -€57,900 | -€125,833 | |
| Financial income | 75/76B | €35 | €1,020 | +€985 | +2,812% |
| Recurring financial income | 75 | €35 | €1,020 | +€985 | +2,812% |
| Financial charges | 65/66B | €12,211 | €10,939 | -€1,272 | -10.4% |
| Recurring financial charges | 65 | €12,211 | €10,939 | -€1,272 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €55,758 | -€67,819 | -€123,577 | |
| Transfer from deferred taxes | 780 | €74,037 | €16,507 | -€57,530 | -77.7% |
| Transfer to deferred taxes | 680 | €16,595 | €0 | -€16,595 | -100% |
| Income taxes | 67/77 | €21,392 | €287 | -€21,105 | -98.7% |
| Profit (loss) for the period | 9904 | €91,808 | -€51,598 | -€143,406 | |
| Transfer from tax-exempt reserves | 789 | €143,876 | €0 | -€143,876 | -100% |
| Transfer to tax-exempt reserves | 689 | €49,786 | €0 | -€49,786 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €185,898 | -€51,598 | -€237,497 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.