DWD Laswerken: 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.
DWD Laswerken
Largest movements
- Receivables within one year -€7,562
down €7,562 (-40.1%), from €18,853 to €11,291
of which Trade receivables: -€5,057
- Cash +€6,500
up €6,500 (+72.0%), from €9,026 to €15,526
mainly Receivables within one year (+€7,562) and Net result for the year (+€6,755)
- Tangible fixed assets -€3,432
down €3,432 (-21.7%), from €15,787 to €12,356
of which Plant, machinery and equipment: -€2,741
- Deferred charges and accrued income +€1,115
new in 2025: €1,115
- Trade debts -€6,975
down €6,975 (-95.8%), from €7,278 to €302
- Reserves +€5,955
up €5,955 (+24.2%), from €24,581 to €30,537
- Tax, wage and social debts +€4,005
up €4,005 (+97.6%), from €4,102 to €8,107
of which Taxes: +€4,143
- Current portion of long-term debt -€3,269
no longer reported in 2025 (was €3,269)
- Other debts -€3,095
down €3,095 (-78.6%), from €3,937 to €842
- Gross operating margin -€21,557
down €21,557 (-56.1%), from €38,424 to €16,867
- Taxes -€4,663
down €4,663 (-66.5%), from €7,014 to €2,351
- Depreciation +€1,103
up €1,103 (+31.0%), from €3,563 to €4,666
- Financial charges -€1,025
down €1,025 (-31.1%), from €3,293 to €2,268
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 | €44,167 | €40,788 | -€3,379 | -7.6% |
| Fixed assets | 21/28 | €16,287 | €12,856 | -€3,432 | -21.1% |
| Tangible fixed assets | 22/27 | €15,787 | €12,356 | -€3,432 | -21.7% |
| Plant, machinery and equipment | 23 | €12,839 | €10,098 | -€2,741 | -21.3% |
| Furniture and vehicles | 24 | €2,949 | €2,257 | -€691 | -23.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €27,880 | €27,933 | +€53 | +0.2% |
| Amounts receivable within one year | 40/41 | €18,853 | €11,291 | -€7,562 | -40.1% |
| Trade receivables | 40 | €16,349 | €11,291 | -€5,057 | -30.9% |
| Other amounts receivable | 41 | €2,505 | - | -€2,505 | |
| Cash at bank and in hand | 54/58 | €9,026 | €15,526 | +€6,500 | +72.0% |
| Deferred charges and accrued income | 490/1 | - | €1,115 | +€1,115 | |
| Total equity and liabilities | 10/49 | €44,167 | €40,788 | -€3,379 | -7.6% |
| Equity | 10/15 | €25,581 | €31,537 | +€5,955 | +23.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €24,581 | €30,537 | +€5,955 | +24.2% |
| Distributable reserves | 133 | €24,581 | €30,537 | +€5,955 | +24.2% |
| Amounts payable | 17/49 | €18,586 | €9,251 | -€9,334 | -50.2% |
| Amounts payable within one year | 42/48 | €18,586 | €9,251 | -€9,334 | -50.2% |
| Current portion of amounts payable after more than one year | 42 | €3,269 | - | -€3,269 | |
| Trade debts | 44 | €7,278 | €302 | -€6,975 | -95.8% |
| Suppliers | 440/4 | €7,278 | €302 | -€6,975 | -95.8% |
| Taxes, remuneration and social security | 45 | €4,102 | €8,107 | +€4,005 | +97.6% |
| Taxes | 450/3 | €3,964 | €8,107 | +€4,143 | +105% |
| Remuneration and social security | 454/9 | €138 | - | -€138 | |
| Other amounts payable | 47/48 | €3,937 | €842 | -€3,095 | -78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,563 | €4,666 | +€1,103 | +31.0% |
| Other operating charges | 640/8 | €533 | €834 | +€301 | +56.6% |
| Gross operating margin | 9900 | €38,424 | €16,867 | -€21,557 | -56.1% |
| Operating profit (loss) | 9901 | €34,328 | €11,367 | -€22,961 | -66.9% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €3,293 | €2,268 | -€1,025 | -31.1% |
| Recurring financial charges | 65 | €3,293 | €2,268 | -€1,025 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €31,035 | €9,107 | -€21,928 | -70.7% |
| Income taxes | 67/77 | €7,014 | €2,351 | -€4,663 | -66.5% |
| Profit (loss) for the period | 9904 | €24,021 | €6,755 | -€17,266 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,021 | €6,755 | -€17,266 | -71.9% |
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 26 October 2026 via checked.be.