DWK Aero: what changed
Two financial 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 Aero
Largest movements
- Current investments +€200,000
up €200,000 (+57.1%), from €350,000 to €550,000
- Receivables within one year +€116,273
up €116,273 (+440%), from €26,440 to €142,714
- Cash -€88,953
down €88,953 (-33.1%), from €268,586 to €179,633
mainly Current investments (-€200,000) and Receivables within one year (-€116,273)
- Tangible fixed assets -€24,067
down €24,067 (-25.3%), from €95,304 to €71,236
of which Furniture and vehicles: -€18,187
- Reserves +€149,602
up €149,602 (+21.3%), from €703,901 to €853,504
- Accrued charges and deferred income +€28,000
new in 2025: €28,000
- Tax, wage and social debts +€21,600
up €21,600 (+76.4%), from €28,267 to €49,868
- Gross operating margin -€22,111
down €22,111 (-8.6%), from €255,992 to €233,881
- Taxes -€5,584
down €5,584 (-7.7%), from €72,571 to €66,986
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.
Derived cash bridge
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 | €747,012 | €949,662 | +€202,650 | +27.1% |
| Fixed assets | 21/28 | €95,304 | €71,236 | -€24,067 | -25.3% |
| Tangible fixed assets | 22/27 | €95,304 | €71,236 | -€24,067 | -25.3% |
| Plant, machinery and equipment | 23 | - | €1,798 | +€1,798 | |
| Furniture and vehicles | 24 | €60,836 | €42,648 | -€18,187 | -29.9% |
| Other tangible fixed assets | 26 | €34,468 | €26,790 | -€7,678 | -22.3% |
| Current assets | 29/58 | €651,708 | €878,426 | +€226,717 | +34.8% |
| Amounts receivable within one year | 40/41 | €26,440 | €142,714 | +€116,273 | +440% |
| Trade receivables | 40 | €26,440 | €142,714 | +€116,273 | +440% |
| Current investments | 50/53 | €350,000 | €550,000 | +€200,000 | +57.1% |
| Cash at bank and in hand | 54/58 | €268,586 | €179,633 | -€88,953 | -33.1% |
| Deferred charges and accrued income | 490/1 | €6,682 | €6,079 | -€603 | -9.0% |
| Total equity and liabilities | 10/49 | €747,012 | €949,662 | +€202,650 | +27.1% |
| Equity | 10/15 | €716,301 | €865,904 | +€149,602 | +20.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €703,901 | €853,504 | +€149,602 | +21.3% |
| Distributable reserves | 133 | €703,901 | €853,504 | +€149,602 | +21.3% |
| Amounts payable | 17/49 | €30,711 | €83,759 | +€53,048 | +173% |
| Amounts payable within one year | 42/48 | €30,711 | €55,759 | +€25,048 | +81.6% |
| Trade debts | 44 | €283 | €4,474 | +€4,190 | +1,478% |
| Suppliers | 440/4 | €283 | €4,474 | +€4,190 | +1,478% |
| Taxes, remuneration and social security | 45 | €28,267 | €49,868 | +€21,600 | +76.4% |
| Taxes | 450/3 | €28,267 | €49,868 | +€21,600 | +76.4% |
| Other amounts payable | 47/48 | €2,160 | €1,417 | -€743 | -34.4% |
| Accrued charges and deferred income | 492/3 | - | €28,000 | +€28,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,242 | €26,124 | -€117 | -0.4% |
| Other operating charges | 640/8 | €1,244 | €1,021 | -€223 | -17.9% |
| Gross operating margin | 9900 | €255,992 | €233,881 | -€22,111 | -8.6% |
| Operating profit (loss) | 9901 | €228,507 | €206,736 | -€21,771 | -9.5% |
| Financial income | 75/76B | €9,200 | €10,000 | +€800 | +8.7% |
| Recurring financial income | 75 | €9,200 | €10,000 | +€800 | +8.7% |
| Financial charges | 65/66B | €96 | €147 | +€52 | +54.3% |
| Recurring financial charges | 65 | €96 | €147 | +€52 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €237,612 | €216,589 | -€21,023 | -8.8% |
| Income taxes | 67/77 | €72,571 | €66,986 | -€5,584 | -7.7% |
| Profit (loss) for the period | 9904 | €165,041 | €149,602 | -€15,439 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €165,041 | €149,602 | -€15,439 | -9.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.