DWE: what changed
Two fiscal 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.
DWE
Largest movements
- Receivables within one year -€89,716
down €89,716 (-73.4%), from €122,200 to €32,484
- Cash +€26,377
up €26,377 (+63.6%), from €41,442 to €67,818
mainly Receivables within one year (+€89,716) and Net result for the year (+€57,846)
- Tangible fixed assets +€13,920
up €13,920 (+3480.1%), from €400 to €14,320
of which Plant, machinery and equipment: +€14,320
- Other debts -€25,800
no longer reported in 2025 (was €25,800)
- Reserves -€25,000
down €25,000 (-23.0%), from €108,860 to €83,860
- Profit (loss) carried forward +€7,846
up €7,846 (+250.4%), from €3,133 to €10,980
- Tax, wage and social debts -€5,394
down €5,394 (-45.3%), from €11,910 to €6,516
- Gross operating margin +€35,614
up €35,614 (+61.3%), from €58,143 to €93,757
- Financial income -€6,775
down €6,775 (-63.1%), from €10,738 to €3,963
- Depreciation +€3,355
up €3,355 (+537.2%), from €625 to €3,980
- Other operating charges -€2,232
down €2,232 (-39.5%), from €5,657 to €3,424
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.
Cash bridge derived
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 | €164,042 | €114,763 | -€49,279 | -30.0% |
| Fixed assets | 21/28 | €400 | €14,460 | +€14,060 | +3515.1% |
| Tangible fixed assets | 22/27 | €400 | €14,320 | +€13,920 | +3480.1% |
| Plant, machinery and equipment | 23 | - | €14,320 | +€14,320 | |
| Furniture and vehicles | 24 | €400 | - | -€400 | |
| Financial fixed assets | 28 | - | €140 | +€140 | |
| Current assets | 29/58 | €163,642 | €100,303 | -€63,339 | -38.7% |
| Amounts receivable within one year | 40/41 | €122,200 | €32,484 | -€89,716 | -73.4% |
| Other amounts receivable | 41 | €122,200 | €32,484 | -€89,716 | -73.4% |
| Cash at bank and in hand | 54/58 | €41,442 | €67,818 | +€26,377 | +63.6% |
| Total equity and liabilities | 10/49 | €164,042 | €114,763 | -€49,279 | -30.0% |
| Equity | 10/15 | €124,393 | €107,240 | -€17,154 | -13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €108,860 | €83,860 | -€25,000 | -23.0% |
| Distributable reserves | 133 | €108,860 | €83,860 | -€25,000 | -23.0% |
| Profit (loss) carried forward | 14 | €3,133 | €10,980 | +€7,846 | +250.4% |
| Amounts payable | 17/49 | €39,648 | €7,523 | -€32,125 | -81.0% |
| Amounts payable within one year | 42/48 | €39,648 | €7,523 | -€32,125 | -81.0% |
| Trade debts | 44 | €1,938 | €1,007 | -€931 | -48.0% |
| Suppliers | 440/4 | €1,938 | €1,007 | -€931 | -48.0% |
| Taxes, remuneration and social security | 45 | €11,910 | €6,516 | -€5,394 | -45.3% |
| Taxes | 450/3 | €11,910 | €6,516 | -€5,394 | -45.3% |
| Other amounts payable | 47/48 | €25,800 | - | -€25,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625 | €3,980 | +€3,355 | +537.2% |
| Other operating charges | 640/8 | €5,657 | €3,424 | -€2,232 | -39.5% |
| Gross operating margin | 9900 | €58,143 | €93,757 | +€35,614 | +61.3% |
| Operating profit (loss) | 9901 | €51,862 | €86,353 | +€34,491 | +66.5% |
| Financial income | 75/76B | €10,738 | €3,963 | -€6,775 | -63.1% |
| Recurring financial income | 75 | €10,738 | €3,963 | -€6,775 | -63.1% |
| Financial charges | 65/66B | €229 | €136 | -€94 | -40.8% |
| Recurring financial charges | 65 | €229 | €136 | -€94 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €62,370 | €90,180 | +€27,810 | +44.6% |
| Income taxes | 67/77 | €31,845 | €32,334 | +€490 | +1.5% |
| Profit (loss) for the period | 9904 | €30,526 | €57,846 | +€27,320 | +89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,526 | €57,846 | +€27,320 | +89.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.