DWFL: 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.
DWFL
Largest movements
- Receivables within one year +€481,794
up €481,794 (+7114.8%), from €6,772 to €488,566
of which Other amounts receivable: +€422,810
- Cash -€214,776
down €214,776 (-80.6%), from €266,423 to €51,647
mainly Receivables within one year (-€481,794) and Contributions, distributions and other (-€318,499)
- Tangible fixed assets -€26,288
down €26,288 (-29.1%), from €90,283 to €63,995
of which Plant, machinery and equipment: -€24,792
- Stocks and contracts +€13,173
up €13,173 (+21.3%), from €61,828 to €75,001
- Other debts +€289,464
up €289,464 (+3065.3%), from €9,443 to €298,907
- Profit (loss) carried forward -€184,450
down €184,450 (-85.3%), from €216,268 to €31,818
- Debts after one year +€173,332
up €173,332 (+547.3%), from €31,668 to €205,000
- Tax, wage and social debts -€34,675
down €34,675 (-51.9%), from €66,813 to €32,138
of which Taxes: -€34,214
- Trade debts +€10,928
up €10,928 (+48.7%), from €22,444 to €33,372
- Taxes -€25,303
down €25,303 (-70.4%), from €35,923 to €10,620
- Financial charges +€10,833
up €10,833 (+306.5%), from €3,534 to €14,368
- Staff costs +€4,826
up €4,826 (+10.1%), from €47,621 to €52,447
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 | €438,897 | €693,747 | +€254,850 | +58.1% |
| Fixed assets | 21/28 | €95,784 | €68,995 | -€26,789 | -28.0% |
| Intangible fixed assets | 21 | €501 | €0 | -€501 | -100.0% |
| Tangible fixed assets | 22/27 | €90,283 | €63,995 | -€26,288 | -29.1% |
| Plant, machinery and equipment | 23 | €63,410 | €38,618 | -€24,792 | -39.1% |
| Furniture and vehicles | 24 | €664 | €331 | -€333 | -50.1% |
| Other tangible fixed assets | 26 | €26,208 | €25,046 | -€1,162 | -4.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €343,113 | €624,752 | +€281,639 | +82.1% |
| Stocks and contracts in progress | 3 | €61,828 | €75,001 | +€13,173 | +21.3% |
| Stocks | 30/36 | €61,828 | €75,001 | +€13,173 | +21.3% |
| Amounts receivable within one year | 40/41 | €6,772 | €488,566 | +€481,794 | +7114.8% |
| Trade receivables | 40 | €5,028 | €64,012 | +€58,984 | +1173.1% |
| Other amounts receivable | 41 | €1,744 | €424,553 | +€422,810 | +24249.4% |
| Cash at bank and in hand | 54/58 | €266,423 | €51,647 | -€214,776 | -80.6% |
| Deferred charges and accrued income | 490/1 | €8,091 | €9,538 | +€1,448 | +17.9% |
| Total equity and liabilities | 10/49 | €438,897 | €693,747 | +€254,850 | +58.1% |
| Equity | 10/15 | €276,268 | €91,818 | -€184,450 | -66.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,268 | €31,818 | -€184,450 | -85.3% |
| Amounts payable | 17/49 | €162,629 | €601,929 | +€439,300 | +270.1% |
| Amounts payable after more than one year | 17 | €31,668 | €205,000 | +€173,332 | +547.3% |
| Financial debts | 170/4 | €31,668 | €205,000 | +€173,332 | +547.3% |
| Amounts payable within one year | 42/48 | €130,960 | €396,929 | +€265,968 | +203.1% |
| Current portion of amounts payable after more than one year | 42 | €31,331 | €31,668 | +€338 | +1.1% |
| Financial debts | 43 | €930 | €843 | -€86 | -9.3% |
| Credit institutions | 430/8 | €930 | €843 | -€86 | -9.3% |
| Trade debts | 44 | €22,444 | €33,372 | +€10,928 | +48.7% |
| Suppliers | 440/4 | €22,444 | €33,372 | +€10,928 | +48.7% |
| Taxes, remuneration and social security | 45 | €66,813 | €32,138 | -€34,675 | -51.9% |
| Taxes | 450/3 | €55,952 | €21,738 | -€34,214 | -61.1% |
| Remuneration and social security | 454/9 | €10,861 | €10,400 | -€461 | -4.2% |
| Other amounts payable | 47/48 | €9,443 | €298,907 | +€289,464 | +3065.3% |
| Remuneration, social security and pensions | 62 | €47,621 | €52,447 | +€4,826 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,111 | €33,923 | -€188 | -0.6% |
| Other operating charges | 640/8 | €442 | €784 | +€342 | +77.3% |
| Gross operating margin | 9900 | €243,998 | €245,660 | +€1,662 | +0.7% |
| Operating profit (loss) | 9901 | €161,824 | €158,506 | -€3,318 | -2.1% |
| Financial income | 75/76B | €2,563 | €531 | -€2,032 | -79.3% |
| Recurring financial income | 75 | €2,563 | €531 | -€2,032 | -79.3% |
| Financial charges | 65/66B | €3,534 | €14,368 | +€10,833 | +306.5% |
| Recurring financial charges | 65 | €3,534 | €14,368 | +€10,833 | +306.5% |
| Profit (loss) for the period before taxes | 9903 | €160,853 | €144,669 | -€16,183 | -10.1% |
| Income taxes | 67/77 | €35,923 | €10,620 | -€25,303 | -70.4% |
| Profit (loss) for the period | 9904 | €124,929 | €134,049 | +€9,120 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €124,929 | €134,049 | +€9,120 | +7.3% |
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.