DWK Projects: 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 Projects
Largest movements
- Receivables after one year -€50,204
no longer reported in 2025 (was €50,204)
- Tangible fixed assets -€15,299
down €15,299 (-47.4%), from €32,252 to €16,953
of which Leasing and similar rights: -€15,014
- Receivables within one year +€9,813
up €9,813 (+70.9%), from €13,841 to €23,654
of which Trade receivables: +€16,517
- Cash +€9,543
up €9,543 (+13.8%), from €68,937 to €78,481
mainly Receivables after one year (+€50,204) and Net result for the year (+€41,638)
- Other debts -€76,078
down €76,078 (-91.7%), from €83,000 to €6,922
- Profit (loss) carried forward +€41,638
up €41,638 (+111%), from €37,571 to €79,209
- Debts after one year -€13,466
down €13,466 (-73.0%), from €18,451 to €4,985
- Trade debts +€3,574
up €3,574 (+28.6%), from €12,476 to €16,049
- Gross operating margin -€1,655
down €1,655 (-2.3%), from €71,929 to €70,274
- Financial income -€855
down €855 (-66.8%), from €1,280 to €425
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 | €171,056 | €125,568 | -€45,488 | -26.6% |
| Fixed assets | 21/28 | €32,252 | €16,953 | -€15,299 | -47.4% |
| Tangible fixed assets | 22/27 | €32,252 | €16,953 | -€15,299 | -47.4% |
| Land and buildings | 22 | €333 | €48 | -€285 | -85.7% |
| Leasing and similar rights | 25 | €31,920 | €16,906 | -€15,014 | -47.0% |
| Current assets | 29/58 | €138,804 | €108,614 | -€30,189 | -21.7% |
| Amounts receivable after more than one year | 29 | €50,204 | - | -€50,204 | |
| Other amounts receivable | 291 | €50,204 | - | -€50,204 | |
| Amounts receivable within one year | 40/41 | €13,841 | €23,654 | +€9,813 | +70.9% |
| Trade receivables | 40 | €1,328 | €17,845 | +€16,517 | +1,244% |
| Other amounts receivable | 41 | €12,513 | €5,809 | -€6,704 | -53.6% |
| Cash at bank and in hand | 54/58 | €68,937 | €78,481 | +€9,543 | +13.8% |
| Deferred charges and accrued income | 490/1 | €5,821 | €6,480 | +€659 | +11.3% |
| Total equity and liabilities | 10/49 | €171,056 | €125,568 | -€45,488 | -26.6% |
| Equity | 10/15 | €40,571 | €82,209 | +€41,638 | +103% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,571 | €79,209 | +€41,638 | +111% |
| Amounts payable | 17/49 | €130,485 | €43,359 | -€87,126 | -66.8% |
| Amounts payable after more than one year | 17 | €18,451 | €4,985 | -€13,466 | -73.0% |
| Financial debts | 170/4 | €18,451 | €4,985 | -€13,466 | -73.0% |
| Amounts payable within one year | 42/48 | €108,708 | €36,437 | -€72,271 | -66.5% |
| Current portion of amounts payable after more than one year | 42 | €13,232 | €13,466 | +€234 | +1.8% |
| Trade debts | 44 | €12,476 | €16,049 | +€3,574 | +28.6% |
| Suppliers | 440/4 | €12,476 | €16,049 | +€3,574 | +28.6% |
| Other amounts payable | 47/48 | €83,000 | €6,922 | -€76,078 | -91.7% |
| Accrued charges and deferred income | 492/3 | €3,327 | €1,937 | -€1,389 | -41.8% |
| Non-recurring operating income | 76A | - | €429 | +€429 | |
| Remuneration, social security and pensions | 62 | €1,035 | €499 | -€536 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,299 | €15,299 | = | 0.0% |
| Other operating charges | 640/8 | €1,430 | €1,143 | -€287 | -20.1% |
| Gross operating margin | 9900 | €71,929 | €70,274 | -€1,655 | -2.3% |
| Operating profit (loss) | 9901 | €54,165 | €53,333 | -€833 | -1.5% |
| Financial income | 75/76B | €1,280 | €425 | -€855 | -66.8% |
| Recurring financial income | 75 | €1,280 | €425 | -€855 | -66.8% |
| Financial charges | 65/66B | €1,604 | €1,207 | -€397 | -24.7% |
| Recurring financial charges | 65 | €1,604 | €1,207 | -€397 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €53,841 | €52,550 | -€1,291 | -2.4% |
| Income taxes | 67/77 | €11,152 | €10,913 | -€240 | -2.2% |
| Profit (loss) for the period | 9904 | €42,688 | €41,638 | -€1,051 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,688 | €41,638 | -€1,051 | -2.5% |
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 14 October 2026 via checked.be.