DWCCL: 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.
DWCCL
Largest movements
- Receivables within one year -€25,092
down €25,092 (-25.2%), from €99,455 to €74,363
of which Other amounts receivable: -€43,448
- Cash +€18,614
up €18,614 (+61.1%), from €30,482 to €49,096
mainly Net result for the year (+€38,121) and Receivables within one year (+€25,092)
- Tangible fixed assets -€10,775
down €10,775 (-16.1%), from €66,728 to €55,953
of which Other tangible fixed assets: -€8,371
- Deferred charges and accrued income +€2,460
up €2,460 (+50.5%), from €4,874 to €7,334
- Other debts +€20,808
up €20,808 (+50.5%), from €41,176 to €61,985
- Profit (loss) carried forward -€20,702
down €20,702 (-35.9%), from €57,717 to €37,015
- Debts after one year -€18,516
down €18,516 (-100.0%), from €18,516 to €0
- Trade debts +€7,582
up €7,582 (+16.9%), from €44,870 to €52,453
- Current portion of long-term debt -€7,123
down €7,123 (-62.3%), from €11,441 to €4,318
- Gross operating margin +€21,456
up €21,456 (+35.1%), from €61,067 to €82,523
- Taxes +€5,743
up €5,743 (+57.1%), from €10,058 to €15,800
- Financial charges +€2,224
up €2,224 (+62.1%), from €3,579 to €5,802
- Depreciation +€1,480
up €1,480 (+9.0%), from €16,470 to €17,950
- Financial income -€952
down €952 (-48.8%), from €1,951 to €999
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 | €201,588 | €187,490 | -€14,098 | -7.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €66,728 | €55,953 | -€10,775 | -16.1% |
| Tangible fixed assets | 22/27 | €66,728 | €55,953 | -€10,775 | -16.1% |
| Plant, machinery and equipment | 23 | €3,693 | €9,366 | +€5,673 | +153.6% |
| Furniture and vehicles | 24 | €9,040 | €7,134 | -€1,906 | -21.1% |
| Leasing and similar rights | 25 | €9,350 | €3,179 | -€6,171 | -66.0% |
| Other tangible fixed assets | 26 | €44,645 | €36,274 | -€8,371 | -18.8% |
| Current assets | 29/58 | €134,860 | €131,537 | -€3,323 | -2.5% |
| Stocks and contracts in progress | 3 | €50 | €745 | +€695 | +1389.0% |
| Stocks | 30/36 | €50 | €745 | +€695 | +1389.0% |
| Amounts receivable within one year | 40/41 | €99,455 | €74,363 | -€25,092 | -25.2% |
| Trade receivables | 40 | €56,006 | €74,363 | +€18,357 | +32.8% |
| Other amounts receivable | 41 | €43,448 | €0 | -€43,448 | -100.0% |
| Cash at bank and in hand | 54/58 | €30,482 | €49,096 | +€18,614 | +61.1% |
| Deferred charges and accrued income | 490/1 | €4,874 | €7,334 | +€2,460 | +50.5% |
| Total equity and liabilities | 10/49 | €201,588 | €187,490 | -€14,098 | -7.0% |
| Equity | 10/15 | €78,177 | €57,475 | -€20,702 | -26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €57,717 | €37,015 | -€20,702 | -35.9% |
| Amounts payable | 17/49 | €123,411 | €130,015 | +€6,604 | +5.4% |
| Amounts payable after more than one year | 17 | €18,516 | €0 | -€18,516 | -100.0% |
| Financial debts | 170/4 | €18,516 | €0 | -€18,516 | -100.0% |
| Amounts payable within one year | 42/48 | €101,816 | €126,936 | +€25,120 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €11,441 | €4,318 | -€7,123 | -62.3% |
| Financial debts | 43 | €2,055 | €2,049 | -€6 | -0.3% |
| Credit institutions | 430/8 | €2,055 | €2,049 | -€6 | -0.3% |
| Trade debts | 44 | €44,870 | €52,453 | +€7,582 | +16.9% |
| Suppliers | 440/4 | €44,870 | €52,453 | +€7,582 | +16.9% |
| Taxes, remuneration and social security | 45 | €2,273 | €6,131 | +€3,858 | +169.7% |
| Taxes | 450/3 | €2,273 | €6,131 | +€3,858 | +169.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €41,176 | €61,985 | +€20,808 | +50.5% |
| Accrued charges and deferred income | 492/3 | €3,079 | €3,079 | = | 0.0% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,470 | €17,950 | +€1,480 | +9.0% |
| Other operating charges | 640/8 | €5,596 | €5,678 | +€82 | +1.5% |
| Non-recurring operating charges | 66A | €5 | €170 | +€164 | +3039.4% |
| Gross operating margin | 9900 | €61,067 | €82,523 | +€21,456 | +35.1% |
| Operating profit (loss) | 9901 | €38,995 | €58,725 | +€19,730 | +50.6% |
| Financial income | 75/76B | €1,951 | €999 | -€952 | -48.8% |
| Recurring financial income | 75 | €1,951 | €999 | -€952 | -48.8% |
| Financial charges | 65/66B | €3,579 | €5,802 | +€2,224 | +62.1% |
| Recurring financial charges | 65 | €3,579 | €5,802 | +€2,224 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €37,368 | €53,922 | +€16,554 | +44.3% |
| Income taxes | 67/77 | €10,058 | €15,800 | +€5,743 | +57.1% |
| Profit (loss) for the period | 9904 | €27,310 | €38,121 | +€10,811 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,310 | €38,121 | +€10,811 | +39.6% |
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 6 October 2026 via checked.be.