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
- Receivables within one year -€756,583
down €756,583 (-29.8%), from €2.5m to €1.8m
of which Other amounts receivable: -€756,246
- Stocks and contracts +€552,331
up €552,331 (+197.8%), from €279,189 to €831,520
- Cash +€477,120
up €477,120 (+60.5%), from €789,013 to €1.3m
mainly Net result for the year (+€949,244) and Receivables within one year (+€756,583)
- Tangible fixed assets -€72,915
down €72,915 (-4.9%), from €1.5m to €1.4m
of which Land and buildings: -€87,686
- Trade debts +€159,510
up €159,510 (+114.5%), from €139,272 to €298,782
- Other debts -€129,378
down €129,378 (-13.6%), from €950,669 to €821,291
- Tax, wage and social debts +€113,025
up €113,025 (+91.2%), from €123,913 to €236,938
- Reserves +€58,756
up €58,756 (+1.5%), from €3.8m to €3.9m
- Gross operating margin +€393,922
up €393,922 (+23.9%), from €1.6m to €2.0m
- Staff costs +€141,567
up €141,567 (+44.0%), from €322,102 to €463,669
- Taxes +€64,884
up €64,884 (+16.9%), from €385,054 to €449,938
- Depreciation +€62,772
up €62,772 (+51.6%), from €121,745 to €184,517
- Financial charges +€43,915
up €43,915 (+269.2%), from €16,316 to €60,231
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 | €5,122,964 | €5,324,877 | +€201,913 | +3.9% |
| Fixed assets | 21/28 | €1,500,834 | €1,427,919 | -€72,915 | -4.9% |
| Tangible fixed assets | 22/27 | €1,500,834 | €1,427,919 | -€72,915 | -4.9% |
| Land and buildings | 22 | €1,210,870 | €1,123,184 | -€87,686 | -7.2% |
| Plant, machinery and equipment | 23 | €143,082 | €109,003 | -€34,079 | -23.8% |
| Furniture and vehicles | 24 | €146,882 | €195,732 | +€48,850 | +33.3% |
| Current assets | 29/58 | €3,622,130 | €3,896,958 | +€274,828 | +7.6% |
| Stocks and contracts in progress | 3 | €279,189 | €831,520 | +€552,331 | +197.8% |
| Stocks | 30/36 | €279,189 | €831,520 | +€552,331 | +197.8% |
| Amounts receivable within one year | 40/41 | €2,541,001 | €1,784,418 | -€756,583 | -29.8% |
| Trade receivables | 40 | €828,467 | €828,130 | -€337 | 0.0% |
| Other amounts receivable | 41 | €1,712,534 | €956,288 | -€756,246 | -44.2% |
| Cash at bank and in hand | 54/58 | €789,013 | €1,266,133 | +€477,120 | +60.5% |
| Deferred charges and accrued income | 490/1 | €12,927 | €14,887 | +€1,960 | +15.2% |
| Total equity and liabilities | 10/49 | €5,122,964 | €5,324,877 | +€201,913 | +3.9% |
| Equity | 10/15 | €3,909,110 | €3,967,866 | +€58,756 | +1.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,808,962 | €3,867,718 | +€58,756 | +1.5% |
| Distributable reserves | 133 | €3,808,962 | €3,867,718 | +€58,756 | +1.5% |
| Profit (loss) carried forward | 14 | €148 | €148 | = | 0.0% |
| Amounts payable | 17/49 | €1,213,854 | €1,357,011 | +€143,157 | +11.8% |
| Amounts payable within one year | 42/48 | €1,213,854 | €1,357,011 | +€143,157 | +11.8% |
| Trade debts | 44 | €139,272 | €298,782 | +€159,510 | +114.5% |
| Suppliers | 440/4 | €139,272 | €298,782 | +€159,510 | +114.5% |
| Taxes, remuneration and social security | 45 | €123,913 | €236,938 | +€113,025 | +91.2% |
| Taxes | 450/3 | €123,913 | €236,938 | +€113,025 | +91.2% |
| Other amounts payable | 47/48 | €950,669 | €821,291 | -€129,378 | -13.6% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €322,102 | €463,669 | +€141,567 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,745 | €184,517 | +€62,772 | +51.6% |
| Gross operating margin | 9900 | €1,648,638 | €2,042,560 | +€393,922 | +23.9% |
| Operating profit (loss) | 9901 | €1,204,791 | €1,394,374 | +€189,583 | +15.7% |
| Financial income | 75/76B | €55,108 | €65,039 | +€9,931 | +18.0% |
| Recurring financial income | 75 | €55,108 | €65,039 | +€9,931 | +18.0% |
| Financial charges | 65/66B | €16,316 | €60,231 | +€43,915 | +269.2% |
| Recurring financial charges | 65 | €16,316 | €60,231 | +€43,915 | +269.2% |
| Profit (loss) for the period before taxes | 9903 | €1,243,583 | €1,399,182 | +€155,599 | +12.5% |
| Income taxes | 67/77 | €385,054 | €449,938 | +€64,884 | +16.9% |
| Profit (loss) for the period | 9904 | €858,529 | €949,244 | +€90,715 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €858,529 | €949,244 | +€90,715 | +10.6% |
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 2 October 2026 via checked.be.