DWAALSTAD: 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.
DWAALSTAD
Largest movements
- Cash +€21,506
up €21,506 (+159%), from €13,518 to €35,024
mainly Net result for the year (+€19,425) and Other debts (+€3,967)
- Receivables within one year +€2,625
up €2,625 (+103%), from €2,539 to €5,163
of which Trade receivables: +€2,772
- Tangible fixed assets +€1,582
up €1,582 (+392%), from €404 to €1,986
- Profit (loss) carried forward +€19,425
up €19,425 (+26.9%), from -€72,093 to -€52,668
- Other debts +€3,967
up €3,967 (+7.3%), from €54,107 to €58,075
- Tax, wage and social debts +€2,364
up €2,364 (+113%), from €2,086 to €4,450
- Gross operating margin +€36,609
up €36,609 (+1,185%), from €3,088 to €39,697
- Other operating charges +€18,643
up €18,643 (+2,025%), from €920 to €19,564
- Depreciation -€2,088
down €2,088 (-79.7%), from €2,619 to €531
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 | €16,460 | €42,173 | +€25,713 | +156% |
| Fixed assets | 21/28 | €404 | €1,986 | +€1,582 | +392% |
| Tangible fixed assets | 22/27 | €404 | €1,986 | +€1,582 | +392% |
| Furniture and vehicles | 24 | €404 | €1,986 | +€1,582 | +392% |
| Current assets | 29/58 | €16,056 | €40,187 | +€24,131 | +150% |
| Amounts receivable within one year | 40/41 | €2,539 | €5,163 | +€2,625 | +103% |
| Trade receivables | 40 | €2,392 | €5,163 | +€2,772 | +116% |
| Other amounts receivable | 41 | €147 | - | -€147 | |
| Cash at bank and in hand | 54/58 | €13,518 | €35,024 | +€21,506 | +159% |
| Total equity and liabilities | 10/49 | €16,460 | €42,173 | +€25,713 | +156% |
| Equity | 10/15 | -€39,887 | -€20,463 | +€19,425 | +48.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,613 | €13,613 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,611 | €1,611 | = | 0.0% |
| Distributable reserves | 133 | €12,002 | €12,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,093 | -€52,668 | +€19,425 | +26.9% |
| Amounts payable | 17/49 | €56,347 | €62,636 | +€6,289 | +11.2% |
| Amounts payable within one year | 42/48 | €56,347 | €62,636 | +€6,289 | +11.2% |
| Trade debts | 44 | €154 | €111 | -€42 | -27.5% |
| Suppliers | 440/4 | €154 | €111 | -€42 | -27.5% |
| Taxes, remuneration and social security | 45 | €2,086 | €4,450 | +€2,364 | +113% |
| Taxes | 450/3 | €2,086 | €4,450 | +€2,364 | +113% |
| Other amounts payable | 47/48 | €54,107 | €58,075 | +€3,967 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,619 | €531 | -€2,088 | -79.7% |
| Other operating charges | 640/8 | €920 | €19,564 | +€18,643 | +2,025% |
| Gross operating margin | 9900 | €3,088 | €39,697 | +€36,609 | +1,185% |
| Operating profit (loss) | 9901 | -€451 | €19,603 | +€20,054 | |
| Financial charges | 65/66B | €137 | €178 | +€41 | +30.3% |
| Recurring financial charges | 65 | €137 | €178 | +€41 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | -€588 | €19,425 | +€20,012 | |
| Profit (loss) for the period | 9904 | -€588 | €19,425 | +€20,012 | |
| Profit (loss) for the period to be appropriated | 9905 | -€588 | €19,425 | +€20,012 |
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 18 October 2026 via checked.be.