DWA: 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.
DWA
Largest movements
- Cash +€80,884
up €80,884 (+28.4%), from €284,933 to €365,817
mainly Depreciation (+€103,874) and Net result for the year (+€12,554)
- Tangible fixed assets -€71,990
down €71,990 (-3.3%), from €2.2m to €2.1m
of which Land and buildings: -€72,428
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€38,221
down €38,221 (-25.4%), from €150,560 to €112,339
- Financial income +€27,345
up €27,345 (+499.0%), from €5,479 to €32,825
- Other operating charges +€22,666
up €22,666 (+3453.9%), from €656 to €23,322
- Taxes -€8,782
down €8,782 (-67.0%), from €13,104 to €4,322
- Depreciation +€6,770
up €6,770 (+7.0%), from €97,103 to €103,874
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 | €3,535,412 | €3,559,730 | +€24,319 | +0.7% |
| Fixed assets | 21/28 | €2,153,664 | €2,081,674 | -€71,990 | -3.3% |
| Tangible fixed assets | 22/27 | €2,153,664 | €2,081,674 | -€71,990 | -3.3% |
| Land and buildings | 22 | €1,899,365 | €1,826,937 | -€72,428 | -3.8% |
| Plant, machinery and equipment | 23 | €29,092 | €21,588 | -€7,503 | -25.8% |
| Furniture and vehicles | 24 | €49,907 | €57,848 | +€7,941 | +15.9% |
| Other tangible fixed assets | 26 | €175,300 | €175,300 | = | 0.0% |
| Current assets | 29/58 | €1,381,747 | €1,478,057 | +€96,309 | +7.0% |
| Amounts receivable within one year | 40/41 | €19,650 | €15,502 | -€4,147 | -21.1% |
| Trade receivables | 40 | €7,955 | €6,421 | -€1,534 | -19.3% |
| Other amounts receivable | 41 | €11,695 | €9,082 | -€2,613 | -22.3% |
| Current investments | 50/53 | €1,077,163 | €1,094,370 | +€17,207 | +1.6% |
| Cash at bank and in hand | 54/58 | €284,933 | €365,817 | +€80,884 | +28.4% |
| Deferred charges and accrued income | 490/1 | €1 | €2,367 | +€2,366 | +227475.0% |
| Total equity and liabilities | 10/49 | €3,535,412 | €3,559,730 | +€24,319 | +0.7% |
| Equity | 10/15 | €3,526,493 | €3,539,047 | +€12,554 | +0.4% |
| Contributions | 10/11 | €478,500 | €478,500 | = | 0.0% |
| Reserves | 13 | €2,951,286 | €2,951,286 | = | 0.0% |
| Non-distributable reserves | 130/1 | €48,500 | €48,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €48,500 | €48,500 | = | 0.0% |
| Distributable reserves | 133 | €2,902,786 | €2,902,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,707 | €109,261 | +€12,554 | +13.0% |
| Amounts payable | 17/49 | €8,918 | €20,683 | +€11,764 | +131.9% |
| Amounts payable within one year | 42/48 | €8,918 | €20,683 | +€11,764 | +131.9% |
| Trade debts | 44 | €6,310 | €17,761 | +€11,450 | +181.5% |
| Suppliers | 440/4 | €6,310 | €17,761 | +€11,450 | +181.5% |
| Taxes, remuneration and social security | 45 | €2,608 | €2,922 | +€314 | +12.0% |
| Taxes | 450/3 | €2,104 | €2,391 | +€288 | +13.7% |
| Remuneration and social security | 454/9 | €505 | €531 | +€26 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,103 | €103,874 | +€6,770 | +7.0% |
| Other operating charges | 640/8 | €656 | €23,322 | +€22,666 | +3453.9% |
| Gross operating margin | 9900 | €150,560 | €112,339 | -€38,221 | -25.4% |
| Operating profit (loss) | 9901 | €52,801 | -€14,857 | -€67,657 | |
| Financial income | 75/76B | €5,479 | €32,825 | +€27,345 | +499.0% |
| Recurring financial income | 75 | €5,479 | €32,825 | +€27,345 | +499.0% |
| Financial charges | 65/66B | €1,154 | €1,091 | -€63 | -5.5% |
| Recurring financial charges | 65 | €1,154 | €1,091 | -€63 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €57,126 | €16,877 | -€40,249 | -70.5% |
| Income taxes | 67/77 | €13,104 | €4,322 | -€8,782 | -67.0% |
| Profit (loss) for the period | 9904 | €44,022 | €12,554 | -€31,467 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,022 | €12,554 | -€31,467 | -71.5% |
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 8 October 2026 via checked.be.