DWCL CONSULT: 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.
DWCL CONSULT
Largest movements
- Receivables within one year +€27,536
up €27,536 (+237%), from €11,625 to €39,160
of which Trade receivables: +€27,434
- Cash -€16,341
down €16,341 (-22.2%), from €73,647 to €57,306
mainly Receivables within one year (-€27,536) and Contributions, distributions and other (-€23,096)
- Tangible fixed assets +€5,134
up €5,134 (+22.2%), from €23,137 to €28,271
of which Plant, machinery and equipment: +€4,831
- Reserves +€13,336
up €13,336 (+11.5%), from €116,337 to €129,673
- Tax, wage and social debts +€4,666
up €4,666 (+37.4%), from €12,475 to €17,141
- Gross operating margin +€16,642
up €16,642 (+37.2%), from €44,755 to €61,397
- Financial income -€3,536
down €3,536 (-98.3%), from €3,599 to €63
- Taxes +€3,015
up €3,015 (+23.9%), from €12,632 to €15,647
- Depreciation +€1,328
up €1,328 (+20.9%), from €6,352 to €7,680
- Other operating charges +€796
up €796 (+330%), from €241 to €1,037
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 | €145,714 | €162,208 | +€16,494 | +11.3% |
| Fixed assets | 21/28 | €23,137 | €28,271 | +€5,134 | +22.2% |
| Tangible fixed assets | 22/27 | €23,137 | €28,271 | +€5,134 | +22.2% |
| Land and buildings | 22 | €5,006 | €3,363 | -€1,643 | -32.8% |
| Plant, machinery and equipment | 23 | €10,619 | €15,449 | +€4,831 | +45.5% |
| Furniture and vehicles | 24 | €7,513 | €9,459 | +€1,946 | +25.9% |
| Current assets | 29/58 | €122,577 | €133,936 | +€11,360 | +9.3% |
| Amounts receivable within one year | 40/41 | €11,625 | €39,160 | +€27,536 | +237% |
| Trade receivables | 40 | €11,611 | €39,045 | +€27,434 | +236% |
| Other amounts receivable | 41 | €14 | €116 | +€102 | +748% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,647 | €57,306 | -€16,341 | -22.2% |
| Deferred charges and accrued income | 490/1 | €7,305 | €7,470 | +€166 | +2.3% |
| Total equity and liabilities | 10/49 | €145,714 | €162,208 | +€16,494 | +11.3% |
| Equity | 10/15 | €128,337 | €141,673 | +€13,336 | +10.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €116,337 | €129,673 | +€13,336 | +11.5% |
| Distributable reserves | 133 | €116,337 | €129,673 | +€13,336 | +11.5% |
| Amounts payable | 17/49 | €17,377 | €20,535 | +€3,158 | +18.2% |
| Amounts payable within one year | 42/48 | €17,377 | €20,535 | +€3,158 | +18.2% |
| Trade debts | 44 | €3,184 | €1,728 | -€1,456 | -45.7% |
| Suppliers | 440/4 | €3,184 | €1,728 | -€1,456 | -45.7% |
| Taxes, remuneration and social security | 45 | €12,475 | €17,141 | +€4,666 | +37.4% |
| Taxes | 450/3 | €12,475 | €17,141 | +€4,666 | +37.4% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Non-recurring operating income | 76A | - | €5,782 | +€5,782 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,352 | €7,680 | +€1,328 | +20.9% |
| Other operating charges | 640/8 | €241 | €1,037 | +€796 | +330% |
| Non-recurring operating charges | 66A | €834 | €468 | -€366 | -43.9% |
| Gross operating margin | 9900 | €44,755 | €61,397 | +€16,642 | +37.2% |
| Operating profit (loss) | 9901 | €37,327 | €52,212 | +€14,885 | +39.9% |
| Financial income | 75/76B | €3,599 | €63 | -€3,536 | -98.3% |
| Recurring financial income | 75 | €3,599 | €63 | -€3,536 | -98.3% |
| Financial charges | 65/66B | €187 | €196 | +€9 | +4.7% |
| Recurring financial charges | 65 | €187 | €196 | +€9 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €40,739 | €52,079 | +€11,340 | +27.8% |
| Income taxes | 67/77 | €12,632 | €15,647 | +€3,015 | +23.9% |
| Profit (loss) for the period | 9904 | €28,107 | €36,432 | +€8,325 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,107 | €36,432 | +€8,325 | +29.6% |
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.