DWH Immo: 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.
DWH Immo
Largest movements
- Tangible fixed assets -€513,139
down €513,139 (-100.0%), from €513,139 to €0
- Receivables after one year +€370,000
new in 2025: €370,000
- Deferred charges and accrued income +€12,013
up €12,013 (+2126.3%), from €565 to €12,578
- Cash +€10,752
up €10,752 (+1053.5%), from €1,021 to €11,773
mainly Investment in fixed assets (net) (+€517,634) and Net result for the year (+€131,627)
- Receivables within one year -€8,514
down €8,514 (-25.7%), from €33,164 to €24,650
- Debts after one year -€165,006
down €165,006 (-48.5%), from €340,257 to €175,250
- Profit (loss) carried forward +€131,627
up €131,627, from -€111,915 to €19,712
- Other debts -€73,575
down €73,575 (-55.1%), from €133,575 to €60,000
- Current portion of long-term debt -€15,079
down €15,079 (-100.0%), from €15,079 to €0
- Accrued charges and deferred income -€8,356
down €8,356 (-77.7%), from €10,756 to €2,400
- Gross operating margin +€172,814
up €172,814, from -€35,773 to €137,041
- Depreciation -€14,919
down €14,919 (-100.0%), from €14,919 to €0
- Financial income +€12,578
new in 2025: €12,578
- Taxes +€4,850
new in 2025: €4,850
- Financial charges -€2,912
down €2,912 (-23.2%), from €12,580 to €9,667
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 | €552,384 | €419,001 | -€133,383 | -24.1% |
| Fixed assets | 21/28 | €517,634 | €0 | -€517,634 | -100.0% |
| Tangible fixed assets | 22/27 | €513,139 | €0 | -€513,139 | -100.0% |
| Land and buildings | 22 | €513,139 | €0 | -€513,139 | -100.0% |
| Financial fixed assets | 28 | €4,495 | €0 | -€4,495 | -100.0% |
| Current assets | 29/58 | €34,750 | €419,001 | +€384,251 | +1105.8% |
| Amounts receivable after more than one year | 29 | - | €370,000 | +€370,000 | |
| Other amounts receivable | 291 | - | €370,000 | +€370,000 | |
| Amounts receivable within one year | 40/41 | €33,164 | €24,650 | -€8,514 | -25.7% |
| Other amounts receivable | 41 | €33,164 | €24,650 | -€8,514 | -25.7% |
| Cash at bank and in hand | 54/58 | €1,021 | €11,773 | +€10,752 | +1053.5% |
| Deferred charges and accrued income | 490/1 | €565 | €12,578 | +€12,013 | +2126.3% |
| Total equity and liabilities | 10/49 | €552,384 | €419,001 | -€133,383 | -24.1% |
| Equity | 10/15 | €48,085 | €179,712 | +€131,627 | +273.7% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,915 | €19,712 | +€131,627 | |
| Amounts payable | 17/49 | €504,299 | €239,288 | -€265,011 | -52.6% |
| Amounts payable after more than one year | 17 | €340,257 | €175,250 | -€165,006 | -48.5% |
| Financial debts | 170/4 | €340,257 | €175,250 | -€165,006 | -48.5% |
| Amounts payable within one year | 42/48 | €153,286 | €61,638 | -€91,648 | -59.8% |
| Current portion of amounts payable after more than one year | 42 | €15,079 | €0 | -€15,079 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,632 | €1,638 | -€2,993 | -64.6% |
| Suppliers | 440/4 | €4,632 | €1,638 | -€2,993 | -64.6% |
| Other amounts payable | 47/48 | €133,575 | €60,000 | -€73,575 | -55.1% |
| Accrued charges and deferred income | 492/3 | €10,756 | €2,400 | -€8,356 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,919 | €0 | -€14,919 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,367 | €3,474 | +€1,106 | +46.7% |
| Gross operating margin | 9900 | -€35,773 | €137,041 | +€172,814 | |
| Operating profit (loss) | 9901 | -€53,060 | €133,567 | +€186,626 | |
| Financial income | 75/76B | - | €12,578 | +€12,578 | |
| Recurring financial income | 75 | - | €12,578 | +€12,578 | |
| Financial charges | 65/66B | €12,580 | €9,667 | -€2,912 | -23.2% |
| Recurring financial charges | 65 | €12,580 | €9,667 | -€2,912 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€65,640 | €136,477 | +€202,117 | |
| Income taxes | 67/77 | - | €4,850 | +€4,850 | |
| Profit (loss) for the period | 9904 | -€65,640 | €131,627 | +€197,267 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,640 | €131,627 | +€197,267 |
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.