DWE LOGISTICS: 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 LOGISTICS
Largest movements
- Tangible fixed assets -€9,849
down €9,849 (-31.1%), from €31,627 to €21,778
of which Furniture and vehicles: -€9,341
- Cash -€4,282
down €4,282 (-88.7%), from €4,827 to €545
mainly Other debts (-€33,272) and Tax, wage and social debts (-€4,379)
- Receivables within one year +€2,541
up €2,541 (+5.9%), from €42,941 to €45,482
- Other debts -€33,272
down €33,272 (-90.3%), from €36,860 to €3,588
- Profit (loss) carried forward +€14,138
up €14,138 (+75.3%), from €18,766 to €32,904
- Trade debts +€12,399
up €12,399 (+71.7%), from €17,292 to €29,691
- Tax, wage and social debts -€4,379
down €4,379 (-21.4%), from €20,476 to €16,097
of which Taxes: -€3,616
- Gross operating margin -€82,846
down €82,846 (-59.6%), from €138,985 to €56,138
- Staff costs -€61,581
down €61,581 (-70.0%), from €87,995 to €26,415
- Depreciation -€13,643
down €13,643 (-58.1%), from €23,492 to €9,849
- Taxes -€5,257
no longer reported in 2025 (was €5,257)
- Financial charges +€4,026
up €4,026 (+727.1%), from €554 to €4,580
of which Financial charges: +€4,026
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 | €93,395 | €82,280 | -€11,115 | -11.9% |
| Fixed assets | 21/28 | €45,627 | €36,253 | -€9,374 | -20.5% |
| Tangible fixed assets | 22/27 | €31,627 | €21,778 | -€9,849 | -31.1% |
| Plant, machinery and equipment | 23 | €958 | €449 | -€508 | -53.1% |
| Furniture and vehicles | 24 | €30,669 | €21,329 | -€9,341 | -30.5% |
| Financial fixed assets | 28 | €14,000 | €14,475 | +€475 | +3.4% |
| Current assets | 29/58 | €47,768 | €46,027 | -€1,741 | -3.6% |
| Amounts receivable within one year | 40/41 | €42,941 | €45,482 | +€2,541 | +5.9% |
| Trade receivables | 40 | €42,941 | €45,482 | +€2,541 | +5.9% |
| Cash at bank and in hand | 54/58 | €4,827 | €545 | -€4,282 | -88.7% |
| Total equity and liabilities | 10/49 | €93,395 | €82,280 | -€11,115 | -11.9% |
| Equity | 10/15 | €18,766 | €32,904 | +€14,138 | +75.3% |
| Profit (loss) carried forward | 14 | €18,766 | €32,904 | +€14,138 | +75.3% |
| Amounts payable | 17/49 | €74,629 | €49,376 | -€25,252 | -33.8% |
| Amounts payable within one year | 42/48 | €74,629 | €49,376 | -€25,252 | -33.8% |
| Trade debts | 44 | €17,292 | €29,691 | +€12,399 | +71.7% |
| Suppliers | 440/4 | €17,292 | €29,691 | +€12,399 | +71.7% |
| Taxes, remuneration and social security | 45 | €20,476 | €16,097 | -€4,379 | -21.4% |
| Taxes | 450/3 | €13,016 | €9,399 | -€3,616 | -27.8% |
| Remuneration and social security | 454/9 | €7,460 | €6,698 | -€763 | -10.2% |
| Other amounts payable | 47/48 | €36,860 | €3,588 | -€33,272 | -90.3% |
| Remuneration, social security and pensions | 62 | €87,995 | €26,415 | -€61,581 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,492 | €9,849 | -€13,643 | -58.1% |
| Other operating charges | 640/8 | €2,958 | €1,158 | -€1,800 | -60.9% |
| Gross operating margin | 9900 | €138,985 | €56,138 | -€82,846 | -59.6% |
| Operating profit (loss) | 9901 | €24,540 | €18,717 | -€5,822 | -23.7% |
| Financial income | 75/76B | €37 | €0 | -€37 | -99.8% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -99.8% |
| Non-recurring financial income | 76B | €37 | €0 | -€37 | -99.8% |
| Financial charges | 65/66B | €554 | €4,580 | +€4,026 | +727.1% |
| Recurring financial charges | 65 | €554 | €4,580 | +€4,026 | +727.1% |
| Non-recurring financial charges | 66B | €554 | €4,580 | +€4,026 | +727.1% |
| Profit (loss) for the period before taxes | 9903 | €24,023 | €14,138 | -€9,885 | -41.1% |
| Income taxes | 67/77 | €5,257 | - | -€5,257 | |
| Profit (loss) for the period | 9904 | €18,766 | €14,138 | -€4,629 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,766 | €14,138 | -€4,629 | -24.7% |
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 5 October 2026 via checked.be.