DWBH: 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.
DWBH
Largest movements
- Cash +€135,346
up €135,346 (+162.8%), from €83,120 to €218,466
mainly Net result for the year (+€123,722) and Tax, wage and social debts (+€50,852)
- Current investments +€40,432
up €40,432 (+57.8%), from €70,000 to €110,432
- Receivables within one year -€6,017
down €6,017 (-21.6%), from €27,837 to €21,820
of which Trade receivables: -€5,749
- Reserves +€123,722
up €123,722 (+109.8%), from €112,727 to €236,449
- Tax, wage and social debts +€50,852
up €50,852 (+82.8%), from €61,423 to €112,275
of which Taxes: +€50,833
- Gross operating margin +€11,957
up €11,957 (+7.1%), from €168,122 to €180,079
- Taxes +€2,245
up €2,245 (+4.3%), from €52,370 to €54,615
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 | €186,854 | €359,913 | +€173,059 | +92.6% |
| Fixed assets | 21/28 | €4,439 | €5,626 | +€1,188 | +26.8% |
| Tangible fixed assets | 22/27 | €4,439 | €5,626 | +€1,188 | +26.8% |
| Plant, machinery and equipment | 23 | €1,854 | €3,572 | +€1,718 | +92.7% |
| Furniture and vehicles | 24 | €2,585 | €2,055 | -€530 | -20.5% |
| Current assets | 29/58 | €182,416 | €354,287 | +€171,871 | +94.2% |
| Amounts receivable within one year | 40/41 | €27,837 | €21,820 | -€6,017 | -21.6% |
| Trade receivables | 40 | €27,570 | €21,820 | -€5,749 | -20.9% |
| Other amounts receivable | 41 | €268 | - | -€268 | |
| Current investments | 50/53 | €70,000 | €110,432 | +€40,432 | +57.8% |
| Cash at bank and in hand | 54/58 | €83,120 | €218,466 | +€135,346 | +162.8% |
| Deferred charges and accrued income | 490/1 | €1,459 | €3,568 | +€2,110 | +144.6% |
| Total equity and liabilities | 10/49 | €186,854 | €359,913 | +€173,059 | +92.6% |
| Equity | 10/15 | €117,727 | €241,449 | +€123,722 | +105.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €112,727 | €236,449 | +€123,722 | +109.8% |
| Distributable reserves | 133 | €112,727 | €236,449 | +€123,722 | +109.8% |
| Amounts payable | 17/49 | €69,127 | €118,464 | +€49,337 | +71.4% |
| Amounts payable within one year | 42/48 | €69,127 | €118,464 | +€49,337 | +71.4% |
| Trade debts | 44 | €4,766 | €3,268 | -€1,498 | -31.4% |
| Suppliers | 440/4 | €4,766 | €3,268 | -€1,498 | -31.4% |
| Taxes, remuneration and social security | 45 | €61,423 | €112,275 | +€50,852 | +82.8% |
| Taxes | 450/3 | €58,852 | €109,685 | +€50,833 | +86.4% |
| Remuneration and social security | 454/9 | €2,571 | €2,590 | +€19 | +0.7% |
| Other amounts payable | 47/48 | €2,939 | €2,921 | -€18 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €1,266 | +€766 | +153.0% |
| Other operating charges | 640/8 | €1,822 | €1,277 | -€546 | -29.9% |
| Gross operating margin | 9900 | €168,122 | €180,079 | +€11,957 | +7.1% |
| Operating profit (loss) | 9901 | €165,799 | €177,536 | +€11,737 | +7.1% |
| Financial income | 75/76B | €60 | €1,139 | +€1,078 | +1785.0% |
| Recurring financial income | 75 | €60 | €1,139 | +€1,078 | +1785.0% |
| Financial charges | 65/66B | €762 | €337 | -€425 | -55.7% |
| Recurring financial charges | 65 | €762 | €337 | -€425 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €165,097 | €178,337 | +€13,240 | +8.0% |
| Income taxes | 67/77 | €52,370 | €54,615 | +€2,245 | +4.3% |
| Profit (loss) for the period | 9904 | €112,727 | €123,722 | +€10,996 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €112,727 | €123,722 | +€10,996 | +9.8% |
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 2 October 2026 via checked.be.