DWK: 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.
DWK
Largest movements
- Cash +€13,477
up €13,477 (+15.6%), from €86,150 to €99,626
mainly Net result for the year (+€52,022) and Depreciation (+€13,199)
- Tangible fixed assets -€9,639
down €9,639 (-34.0%), from €28,330 to €18,691
of which Furniture and vehicles: -€12,553
- Receivables within one year +€1,615
up €1,615 (+7.5%), from €21,512 to €23,126
of which Trade receivables: +€1,355
- Reserves +€52,022
up €52,022 (+81.2%), from €64,047 to €116,069
- Other debts -€37,360
down €37,360 (-83.4%), from €44,788 to €7,429
- Debts after one year -€12,521
down €12,521 (-100.0%), from €12,521 to €0
- Tax, wage and social debts +€4,058
up €4,058 (+171.0%), from €2,373 to €6,431
- Gross operating margin +€39,108
up €39,108 (+82.4%), from €47,487 to €86,595
- Taxes +€10,868
up €10,868 (+113.6%), from €9,563 to €20,431
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 | €143,017 | €148,184 | +€5,167 | +3.6% |
| Fixed assets | 21/28 | €28,330 | €18,691 | -€9,639 | -34.0% |
| Tangible fixed assets | 22/27 | €28,330 | €18,691 | -€9,639 | -34.0% |
| Land and buildings | 22 | €0 | €1,820 | +€1,820 | |
| Plant, machinery and equipment | 23 | €900 | €1,995 | +€1,095 | +121.7% |
| Furniture and vehicles | 24 | €27,430 | €14,877 | -€12,553 | -45.8% |
| Current assets | 29/58 | €114,687 | €129,493 | +€14,806 | +12.9% |
| Stocks and contracts in progress | 3 | €7,025 | €6,500 | -€525 | -7.5% |
| Stocks | 30/36 | €7,025 | €6,500 | -€525 | -7.5% |
| Amounts receivable within one year | 40/41 | €21,512 | €23,126 | +€1,615 | +7.5% |
| Trade receivables | 40 | €17,391 | €18,746 | +€1,355 | +7.8% |
| Other amounts receivable | 41 | €4,120 | €4,380 | +€260 | +6.3% |
| Cash at bank and in hand | 54/58 | €86,150 | €99,626 | +€13,477 | +15.6% |
| Deferred charges and accrued income | 490/1 | - | €240 | +€240 | |
| Total equity and liabilities | 10/49 | €143,017 | €148,184 | +€5,167 | +3.6% |
| Equity | 10/15 | €65,047 | €117,069 | +€52,022 | +80.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €64,047 | €116,069 | +€52,022 | +81.2% |
| Distributable reserves | 133 | €64,047 | €116,069 | +€52,022 | +81.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,970 | €31,115 | -€46,855 | -60.1% |
| Amounts payable after more than one year | 17 | €12,521 | €0 | -€12,521 | -100.0% |
| Financial debts | 170/4 | €12,521 | €0 | -€12,521 | -100.0% |
| Amounts payable within one year | 42/48 | €64,249 | €31,115 | -€33,134 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €12,359 | €12,521 | +€163 | +1.3% |
| Financial debts | 43 | - | €421 | +€421 | |
| Credit institutions | 430/8 | - | €421 | +€421 | |
| Trade debts | 44 | €4,729 | €4,314 | -€415 | -8.8% |
| Suppliers | 440/4 | €4,729 | €4,314 | -€415 | -8.8% |
| Taxes, remuneration and social security | 45 | €2,373 | €6,431 | +€4,058 | +171.0% |
| Taxes | 450/3 | €2,373 | €6,431 | +€4,058 | +171.0% |
| Other amounts payable | 47/48 | €44,788 | €7,429 | -€37,360 | -83.4% |
| Accrued charges and deferred income | 492/3 | €1,200 | €0 | -€1,200 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,046 | €13,199 | +€153 | +1.2% |
| Other operating charges | 640/8 | €1,954 | €1,677 | -€277 | -14.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €47,487 | €86,595 | +€39,108 | +82.4% |
| Operating profit (loss) | 9901 | €32,487 | €71,720 | +€39,232 | +120.8% |
| Financial income | 75/76B | €1,470 | €1,271 | -€200 | -13.6% |
| Recurring financial income | 75 | €1,470 | €1,271 | -€200 | -13.6% |
| Financial charges | 65/66B | €662 | €537 | -€125 | -18.9% |
| Recurring financial charges | 65 | €662 | €537 | -€125 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €33,296 | €72,453 | +€39,158 | +117.6% |
| Income taxes | 67/77 | €9,563 | €20,431 | +€10,868 | +113.6% |
| Profit (loss) for the period | 9904 | €23,732 | €52,022 | +€28,290 | +119.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,732 | €52,022 | +€28,290 | +119.2% |
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.