DWCO: 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.
DWCO
Largest movements
- Receivables within one year +€50,000
up €50,000, from €0 to €50,000
of which Other amounts receivable: +€50,000
- Other debts +€76,384
up €76,384 (+20.6%), from €370,283 to €446,667
- Debts after one year -€70,000
down €70,000 (-2.4%), from €2.9m to €2.9m
- Financial charges -€5,064
down €5,064 (-42.6%), from €11,875 to €6,810
- Gross operating margin -€3,401
down €3,401 (-10.9%), from €31,207 to €27,806
- Taxes +€1,386
up €1,386 (+27.2%), from €5,104 to €6,490
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 | €3,342,383 | €3,362,432 | +€20,049 | +0.6% |
| Fixed assets | 21/28 | €3,289,397 | €3,289,067 | -€331 | 0.0% |
| Tangible fixed assets | 22/27 | €378 | €47 | -€331 | -87.5% |
| Plant, machinery and equipment | 23 | €378 | €47 | -€331 | -87.5% |
| Financial fixed assets | 28 | €3,289,020 | €3,289,020 | = | 0.0% |
| Current assets | 29/58 | €52,985 | €73,365 | +€20,380 | +38.5% |
| Amounts receivable within one year | 40/41 | €0 | €50,000 | +€50,000 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €52,985 | €23,365 | -€29,620 | -55.9% |
| Total equity and liabilities | 10/49 | €3,342,383 | €3,362,432 | +€20,049 | +0.6% |
| Equity | 10/15 | €40,325 | €53,783 | +€13,458 | +33.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €13,339 | €26,797 | +€13,458 | +101% |
| Distributable reserves | 133 | €13,339 | €26,797 | +€13,458 | +101% |
| Profit (loss) carried forward | 14 | €16,986 | €16,986 | = | 0.0% |
| Amounts payable | 17/49 | €3,302,057 | €3,308,648 | +€6,591 | +0.2% |
| Amounts payable after more than one year | 17 | €2,922,764 | €2,852,764 | -€70,000 | -2.4% |
| Financial debts | 170/4 | €2,922,764 | €2,852,764 | -€70,000 | -2.4% |
| Amounts payable within one year | 42/48 | €379,294 | €455,885 | +€76,591 | +20.2% |
| Trade debts | 44 | €1,703 | €1,374 | -€329 | -19.3% |
| Suppliers | 440/4 | €1,703 | €1,374 | -€329 | -19.3% |
| Taxes, remuneration and social security | 45 | €7,307 | €7,843 | +€535 | +7.3% |
| Taxes | 450/3 | €7,307 | €7,843 | +€535 | +7.3% |
| Other amounts payable | 47/48 | €370,283 | €446,667 | +€76,384 | +20.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331 | €331 | = | 0.0% |
| Other operating charges | 640/8 | €559 | €717 | +€158 | +28.2% |
| Gross operating margin | 9900 | €31,207 | €27,806 | -€3,401 | -10.9% |
| Operating profit (loss) | 9901 | €30,317 | €26,758 | -€3,559 | -11.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €11,875 | €6,810 | -€5,064 | -42.6% |
| Recurring financial charges | 65 | €11,875 | €6,810 | -€5,064 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €18,442 | €19,948 | +€1,506 | +8.2% |
| Income taxes | 67/77 | €5,104 | €6,490 | +€1,386 | +27.2% |
| Profit (loss) for the period | 9904 | €13,339 | €13,458 | +€119 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,339 | €13,458 | +€119 | +0.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.