Skip to content

DWDK: 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.

What changed

DWDK

BE 0897.697.980
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€21,466
2024 · €16,879+€4,587
Equity
€19,238
2024 · €18,773+€466
Cash
€19,409
2024 · €8,080+€11,329
Balance sheet total
€55,832
2024 · €50,459+€5,373

Largest movements

2024 to 2025
Assets
  • Cash +€11,329

    up €11,329 (+140%), from €8,080 to €19,409

    mainly Net result for the year (+€21,466) and Receivables within one year (+€5,617)

  • Receivables within one year -€5,617

    down €5,617 (-13.7%), from €40,898 to €35,280

    of which Other amounts receivable: -€5,936

Equity and liabilities
  • Tax, wage and social debts +€4,864

    up €4,864 (+45.9%), from €10,602 to €15,466

  • Other debts +€4,000

    up €4,000 (+23.5%), from €17,000 to €21,000

  • Current portion of long-term debt -€3,378

    no longer reported in 2025 (was €3,378)

  • Trade debts -€579

    down €579 (-81.9%), from €707 to €128

Income statement
  • Depreciation -€8,103

    down €8,103 (-95.0%), from €8,530 to €427

  • Gross operating margin -€2,776

    down €2,776 (-8.1%), from €34,284 to €31,507

  • Financial income -€1,068

    down €1,068 (-39.9%), from €2,677 to €1,609

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €16,879
Gross operating margin -€2,776
Depreciation +€8,103
Other operating charges +€43
Financial income -€1,068
Financial charges +€98
Taxes +€187
Result 2025 €21,466
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€35,707
Investment €0
Financing -€24,378
Cash 2024 €8,080
Net result for the year +€21,466
Depreciation +€427
Receivables within one year +€5,617
Deferred charges and accrued income -€88
Trade debts -€579
Tax, wage and social debts +€4,864
Other debts +€4,000
Current portion of long-term debt -€3,378
Contributions, distributions and other -€21,000
Cash 2025 €19,409
brings cash intakes cash out
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €50,459 €55,832 +€5,373 +10.6%
Fixed assets 21/28 €427 - -€427
Tangible fixed assets 22/27 €427 - -€427
Furniture and vehicles 24 €427 - -€427
Current assets 29/58 €50,033 €55,832 +€5,800 +11.6%
Amounts receivable within one year 40/41 €40,898 €35,280 -€5,617 -13.7%
Trade receivables 40 €4,250 €4,569 +€319 +7.5%
Other amounts receivable 41 €36,648 €30,712 -€5,936 -16.2%
Cash at bank and in hand 54/58 €8,080 €19,409 +€11,329 +140%
Deferred charges and accrued income 490/1 €1,055 €1,143 +€88 +8.4%
Total equity and liabilities 10/49 €50,459 €55,832 +€5,373 +10.6%
Equity 10/15 €18,773 €19,238 +€466 +2.5%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €11,860 €11,860 = 0.0%
Non-distributable reserves 130/1 €1,860 €1,860 = 0.0%
Reserves not available under the articles 1311 €1,860 €1,860 = 0.0%
Distributable reserves 133 €10,000 €10,000 = 0.0%
Profit (loss) carried forward 14 €713 €1,178 +€466 +65.4%
Amounts payable 17/49 €31,687 €36,594 +€4,907 +15.5%
Amounts payable within one year 42/48 €31,687 €36,594 +€4,907 +15.5%
Current portion of amounts payable after more than one year 42 €3,378 - -€3,378
Trade debts 44 €707 €128 -€579 -81.9%
Suppliers 440/4 €707 €128 -€579 -81.9%
Taxes, remuneration and social security 45 €10,602 €15,466 +€4,864 +45.9%
Taxes 450/3 €10,602 €15,466 +€4,864 +45.9%
Other amounts payable 47/48 €17,000 €21,000 +€4,000 +23.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €8,530 €427 -€8,103 -95.0%
Other operating charges 640/8 €1,300 €1,257 -€43 -3.3%
Gross operating margin 9900 €34,284 €31,507 -€2,776 -8.1%
Operating profit (loss) 9901 €24,453 €29,823 +€5,370 +22.0%
Financial income 75/76B €2,677 €1,609 -€1,068 -39.9%
Recurring financial income 75 €2,677 €1,609 -€1,068 -39.9%
Financial charges 65/66B €180 €82 -€98 -54.6%
Recurring financial charges 65 €180 €82 -€98 -54.6%
Profit (loss) for the period before taxes 9903 €26,950 €31,350 +€4,400 +16.3%
Income taxes 67/77 €10,072 €9,884 -€187 -1.9%
Profit (loss) for the period 9904 €16,879 €21,466 +€4,587 +27.2%
Profit (loss) for the period to be appropriated 9905 €16,879 €21,466 +€4,587 +27.2%

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 21 October 2026 via checked.be.