DWCS: 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.
DWCS
Largest movements
- Receivables within one year -€73,727
down €73,727 (-24.4%), from €302,035 to €228,308
of which Trade receivables: -€159,836
- Tangible fixed assets +€19,996
up €19,996 (+70.1%), from €28,523 to €48,520
of which Furniture and vehicles: +€26,519
- Reserves -€141,461
down €141,461 (-87.5%), from €161,719 to €20,257
- Other debts +€78,680
up €78,680 (+86.2%), from €91,236 to €169,915
- Trade debts +€55,782
up €55,782 (+385%), from €14,501 to €70,283
- Tax, wage and social debts -€42,947
down €42,947 (-68.8%), from €62,462 to €19,515
of which Taxes: -€40,202
- Gross operating margin -€184,328
down €184,328 (-77.8%), from €236,880 to €52,552
- Taxes -€48,463
down €48,463 (-92.9%), from €52,161 to €3,698
- Staff costs -€17,316
down €17,316 (-46.8%), from €37,035 to €19,719
- Financial charges +€6,118
up €6,118 (+137%), from €4,479 to €10,597
- Depreciation +€5,874
up €5,874 (+168%), from €3,505 to €9,379
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 | €332,417 | €282,471 | -€49,946 | -15.0% |
| Fixed assets | 21/28 | €28,523 | €48,520 | +€19,996 | +70.1% |
| Tangible fixed assets | 22/27 | €28,523 | €48,520 | +€19,996 | +70.1% |
| Plant, machinery and equipment | 23 | €28,523 | €22,001 | -€6,522 | -22.9% |
| Furniture and vehicles | 24 | - | €26,519 | +€26,519 | |
| Current assets | 29/58 | €303,894 | €233,952 | -€69,942 | -23.0% |
| Amounts receivable within one year | 40/41 | €302,035 | €228,308 | -€73,727 | -24.4% |
| Trade receivables | 40 | €294,603 | €134,767 | -€159,836 | -54.3% |
| Other amounts receivable | 41 | €7,432 | €93,541 | +€86,109 | +1,159% |
| Cash at bank and in hand | 54/58 | €1,009 | €4,245 | +€3,236 | +321% |
| Deferred charges and accrued income | 490/1 | €850 | €1,399 | +€549 | +64.6% |
| Total equity and liabilities | 10/49 | €332,417 | €282,471 | -€49,946 | -15.0% |
| Equity | 10/15 | €164,219 | €22,757 | -€141,461 | -86.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €161,719 | €20,257 | -€141,461 | -87.5% |
| Distributable reserves | 133 | €161,719 | €20,257 | -€141,461 | -87.5% |
| Amounts payable | 17/49 | €168,199 | €259,714 | +€91,515 | +54.4% |
| Amounts payable within one year | 42/48 | €168,199 | €259,714 | +€91,515 | +54.4% |
| Trade debts | 44 | €14,501 | €70,283 | +€55,782 | +385% |
| Suppliers | 440/4 | €14,501 | €70,283 | +€55,782 | +385% |
| Taxes, remuneration and social security | 45 | €62,462 | €19,515 | -€42,947 | -68.8% |
| Taxes | 450/3 | €52,781 | €12,579 | -€40,202 | -76.2% |
| Remuneration and social security | 454/9 | €9,681 | €6,936 | -€2,745 | -28.4% |
| Other amounts payable | 47/48 | €91,236 | €169,915 | +€78,680 | +86.2% |
| Non-recurring operating income | 76A | - | €2,295 | +€2,295 | |
| Remuneration, social security and pensions | 62 | €37,035 | €19,719 | -€17,316 | -46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,505 | €9,379 | +€5,874 | +168% |
| Other operating charges | 640/8 | €757 | €1,067 | +€311 | +41.0% |
| Non-recurring operating charges | 66A | - | €1,181 | +€1,181 | |
| Gross operating margin | 9900 | €236,880 | €52,552 | -€184,328 | -77.8% |
| Operating profit (loss) | 9901 | €195,583 | €21,206 | -€174,377 | -89.2% |
| Financial income | 75/76B | €2,086 | €2,775 | +€689 | +33.0% |
| Recurring financial income | 75 | €7 | €33 | +€25 | +356% |
| Non-recurring financial income | 76B | €2,079 | €2,742 | +€664 | +31.9% |
| Financial charges | 65/66B | €4,479 | €10,597 | +€6,118 | +137% |
| Recurring financial charges | 65 | €4,479 | €10,597 | +€6,118 | +137% |
| Profit (loss) for the period before taxes | 9903 | €193,190 | €13,384 | -€179,806 | -93.1% |
| Income taxes | 67/77 | €52,161 | €3,698 | -€48,463 | -92.9% |
| Profit (loss) for the period | 9904 | €141,030 | €9,687 | -€131,343 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €141,030 | €9,687 | -€131,343 | -93.1% |
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 18 October 2026 via checked.be.