DWF ENGINEERING: 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.
DWF ENGINEERING
Largest movements
- Cash +€194,764
up €194,764 (+262.2%), from €74,267 to €269,031
mainly Current investments (+€100,000) and Net result for the year (+€73,583)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€6,492
up €6,492 (+14.5%), from €44,686 to €51,178
of which Trade receivables: +€6,311
- Tangible fixed assets +€5,092
new in 2025: €5,092
of which Land and buildings: +€3,582
- Reserves +€73,583
up €73,583 (+42.7%), from €172,242 to €245,826
- Tax, wage and social debts +€19,805
up €19,805 (+48.8%), from €40,584 to €60,389
- Other debts +€10,922
up €10,922 (+1286.9%), from €849 to €11,771
- Gross operating margin -€30,937
down €30,937 (-24.6%), from €125,627 to €94,690
- Taxes -€7,053
down €7,053 (-24.9%), from €28,274 to €21,221
- Financial income +€2,970
up €2,970 (+1484900.0%), from €0 to €2,970
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 | €218,995 | €325,300 | +€106,306 | +48.5% |
| Fixed assets | 21/28 | - | €5,092 | +€5,092 | |
| Tangible fixed assets | 22/27 | - | €5,092 | +€5,092 | |
| Land and buildings | 22 | - | €3,582 | +€3,582 | |
| Furniture and vehicles | 24 | - | €1,510 | +€1,510 | |
| Current assets | 29/58 | €218,995 | €320,209 | +€101,214 | +46.2% |
| Amounts receivable within one year | 40/41 | €44,686 | €51,178 | +€6,492 | +14.5% |
| Trade receivables | 40 | €44,686 | €50,997 | +€6,311 | +14.1% |
| Other amounts receivable | 41 | - | €181 | +€181 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €74,267 | €269,031 | +€194,764 | +262.2% |
| Deferred charges and accrued income | 490/1 | €42 | - | -€42 | |
| Total equity and liabilities | 10/49 | €218,995 | €325,300 | +€106,306 | +48.5% |
| Equity | 10/15 | €173,242 | €246,826 | +€73,583 | +42.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €172,242 | €245,826 | +€73,583 | +42.7% |
| Distributable reserves | 133 | €172,242 | €245,826 | +€73,583 | +42.7% |
| Amounts payable | 17/49 | €45,752 | €78,475 | +€32,723 | +71.5% |
| Amounts payable within one year | 42/48 | €45,752 | €78,475 | +€32,723 | +71.5% |
| Trade debts | 44 | €4,319 | €6,315 | +€1,996 | +46.2% |
| Suppliers | 440/4 | €4,319 | €6,315 | +€1,996 | +46.2% |
| Taxes, remuneration and social security | 45 | €40,584 | €60,389 | +€19,805 | +48.8% |
| Taxes | 450/3 | €40,584 | €60,389 | +€19,805 | +48.8% |
| Other amounts payable | 47/48 | €849 | €11,771 | +€10,922 | +1286.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €249 | +€249 | |
| Other operating charges | 640/8 | €1,872 | €2,386 | +€514 | +27.5% |
| Gross operating margin | 9900 | €125,627 | €94,690 | -€30,937 | -24.6% |
| Operating profit (loss) | 9901 | €123,755 | €92,055 | -€31,701 | -25.6% |
| Financial income | 75/76B | €0 | €2,970 | +€2,970 | +1484900.0% |
| Recurring financial income | 75 | €0 | €2,970 | +€2,970 | +1484900.0% |
| Financial charges | 65/66B | €190 | €221 | +€30 | +16.0% |
| Recurring financial charges | 65 | €190 | €221 | +€30 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €123,565 | €94,804 | -€28,761 | -23.3% |
| Income taxes | 67/77 | €28,274 | €21,221 | -€7,053 | -24.9% |
| Profit (loss) for the period | 9904 | €95,291 | €73,583 | -€21,708 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €95,291 | €73,583 | -€21,708 | -22.8% |
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 3 October 2026 via checked.be.