DWC & PARTNERS: 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.
DWC & PARTNERS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves -€232,124
down €232,124 (-89.8%), from €258,594 to €26,470
of which Distributable reserves: -€232,124
- Other debts +€230,010
new in 2025: €230,010
- Gross operating margin +€1,314
up €1,314 (+37.6%), from -€3,489 to -€2,175
- Financial income -€687
down €687 (-39.3%), from €1,746 to €1,060
- Financial charges +€114
up €114 (+74.1%), from €153 to €267
- Other operating charges +€69
up €69 (+10.3%), from €672 to €742
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 | €320,970 | €318,895 | -€2,075 | -0.6% |
| Fixed assets | 21/28 | €28,364 | €28,364 | = | 0.0% |
| Financial fixed assets | 28 | €28,364 | €28,364 | = | 0.0% |
| Current assets | 29/58 | €292,606 | €290,531 | -€2,075 | -0.7% |
| Amounts receivable within one year | 40/41 | €292,193 | €290,433 | -€1,760 | -0.6% |
| Other amounts receivable | 41 | €292,193 | €290,433 | -€1,760 | -0.6% |
| Cash at bank and in hand | 54/58 | €412 | €97 | -€315 | -76.4% |
| Total equity and liabilities | 10/49 | €320,970 | €318,895 | -€2,075 | -0.6% |
| Equity | 10/15 | €320,594 | €88,470 | -€232,124 | -72.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €258,594 | €26,470 | -€232,124 | -89.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €252,394 | €20,270 | -€232,124 | -92.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €375 | €230,424 | +€230,049 | +61,299% |
| Amounts payable within one year | 42/48 | €375 | €230,424 | +€230,049 | +61,299% |
| Trade debts | 44 | €375 | €414 | +€39 | +10.4% |
| Suppliers | 440/4 | €375 | €414 | +€39 | +10.4% |
| Other amounts payable | 47/48 | - | €230,010 | +€230,010 | |
| Other operating charges | 640/8 | €672 | €742 | +€69 | +10.3% |
| Gross operating margin | 9900 | -€3,489 | -€2,175 | +€1,314 | +37.6% |
| Operating profit (loss) | 9901 | -€4,161 | -€2,917 | +€1,244 | +29.9% |
| Financial income | 75/76B | €1,746 | €1,060 | -€687 | -39.3% |
| Recurring financial income | 75 | €1,746 | €1,060 | -€687 | -39.3% |
| Financial charges | 65/66B | €153 | €267 | +€114 | +74.1% |
| Recurring financial charges | 65 | €153 | €267 | +€114 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,568 | -€2,124 | +€444 | +17.3% |
| Profit (loss) for the period | 9904 | -€2,568 | -€2,124 | +€444 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,568 | -€2,124 | +€444 | +17.3% |
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 13 October 2026 via checked.be.