DWARS: 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.
DWARS
Largest movements
- Receivables within one year -€16,815
down €16,815 (-28.3%), from €59,463 to €42,649
- Tangible fixed assets -€8,975
down €8,975 (-14.7%), from €60,932 to €51,957
- Cash +€7,718
up €7,718 (+61.5%), from €12,547 to €20,265
mainly Receivables within one year (+€16,815) and Depreciation (+€15,270)
- Debts after one year -€8,385
down €8,385 (-37.5%), from €22,385 to €14,000
- Tax, wage and social debts -€5,418
down €5,418 (-44.5%), from €12,180 to €6,762
- Current portion of long-term debt -€5,080
down €5,080 (-37.7%), from €13,465 to €8,385
- Gross operating margin -€20,535
down €20,535 (-47.8%), from €42,920 to €22,385
- Depreciation -€6,897
down €6,897 (-31.1%), from €22,167 to €15,270
- Taxes -€4,845
down €4,845 (-87.7%), from €5,526 to €681
- Other operating charges +€2,718
up €2,718 (+117.0%), from €2,323 to €5,040
- Financial income -€1,869
no longer reported in 2025 (was €1,869)
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 | €133,842 | €116,598 | -€17,244 | -12.9% |
| Fixed assets | 21/28 | €61,832 | €52,857 | -€8,975 | -14.5% |
| Tangible fixed assets | 22/27 | €60,932 | €51,957 | -€8,975 | -14.7% |
| Plant, machinery and equipment | 23 | €7,029 | €4,955 | -€2,073 | -29.5% |
| Furniture and vehicles | 24 | €30,735 | €26,394 | -€4,340 | -14.1% |
| Other tangible fixed assets | 26 | €23,168 | €20,607 | -€2,562 | -11.1% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €72,011 | €63,742 | -€8,269 | -11.5% |
| Amounts receivable within one year | 40/41 | €59,463 | €42,649 | -€16,815 | -28.3% |
| Trade receivables | 40 | €59,463 | €42,649 | -€16,815 | -28.3% |
| Cash at bank and in hand | 54/58 | €12,547 | €20,265 | +€7,718 | +61.5% |
| Deferred charges and accrued income | 490/1 | - | €828 | +€828 | |
| Total equity and liabilities | 10/49 | €133,842 | €116,598 | -€17,244 | -12.9% |
| Equity | 10/15 | €62,258 | €62,401 | +€142 | +0.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,258 | €57,401 | +€142 | +0.2% |
| Distributable reserves | 133 | €57,258 | €57,401 | +€142 | +0.2% |
| Amounts payable | 17/49 | €71,584 | €54,198 | -€17,386 | -24.3% |
| Amounts payable after more than one year | 17 | €22,385 | €14,000 | -€8,385 | -37.5% |
| Financial debts | 170/4 | €22,385 | €14,000 | -€8,385 | -37.5% |
| Amounts payable within one year | 42/48 | €46,486 | €37,478 | -€9,009 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €13,465 | €8,385 | -€5,080 | -37.7% |
| Financial debts | 43 | €163 | - | -€163 | |
| Credit institutions | 430/8 | €163 | - | -€163 | |
| Trade debts | 44 | €20,678 | €21,965 | +€1,287 | +6.2% |
| Suppliers | 440/4 | €20,678 | €21,965 | +€1,287 | +6.2% |
| Taxes, remuneration and social security | 45 | €12,180 | €6,762 | -€5,418 | -44.5% |
| Taxes | 450/3 | €12,180 | €6,762 | -€5,418 | -44.5% |
| Other amounts payable | 47/48 | - | €365 | +€365 | |
| Accrued charges and deferred income | 492/3 | €2,712 | €2,720 | +€8 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,167 | €15,270 | -€6,897 | -31.1% |
| Other operating charges | 640/8 | €2,323 | €5,040 | +€2,718 | +117.0% |
| Gross operating margin | 9900 | €42,920 | €22,385 | -€20,535 | -47.8% |
| Operating profit (loss) | 9901 | €18,430 | €2,074 | -€16,356 | -88.7% |
| Financial income | 75/76B | €1,869 | - | -€1,869 | |
| Recurring financial income | 75 | €1,869 | - | -€1,869 | |
| Financial charges | 65/66B | €1,368 | €1,251 | -€116 | -8.5% |
| Recurring financial charges | 65 | €1,368 | €1,251 | -€116 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €18,931 | €823 | -€18,108 | -95.7% |
| Income taxes | 67/77 | €5,526 | €681 | -€4,845 | -87.7% |
| Profit (loss) for the period | 9904 | €13,405 | €142 | -€13,263 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,405 | €142 | -€13,263 | -98.9% |
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.