DWL Technics: 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.
DWL Technics
Largest movements
- Receivables within one year +€32,986
up €32,986 (+121.6%), from €27,128 to €60,114
of which Trade receivables: +€24,204
- Tangible fixed assets -€24,670
down €24,670 (-72.7%), from €33,946 to €9,276
of which Furniture and vehicles: -€23,767
- Stocks and contracts -€7,123
down €7,123 (-27.6%), from €25,838 to €18,715
of which Contracts in progress: -€7,553
- Cash +€3,543
up €3,543 (+239.6%), from €1,479 to €5,022
mainly Trade debts (+€24,099) and Depreciation (+€14,058)
- Trade debts +€24,099
up €24,099 (+375.1%), from €6,424 to €30,523
- Reserves +€21,001
up €21,001 (+1129.1%), from €1,860 to €22,861
of which Distributable reserves: +€21,001
- Profit (loss) carried forward -€17,801
no longer reported in 2025 (was €17,801)
- Current portion of long-term debt -€13,159
down €13,159 (-67.7%), from €19,433 to €6,274
- Tax, wage and social debts -€6,837
down €6,837 (-45.4%), from €15,047 to €8,210
- Depreciation -€7,451
down €7,451 (-34.6%), from €21,509 to €14,058
- Gross operating margin +€6,336
up €6,336 (+26.6%), from €23,803 to €30,139
- Financial charges +€3,746
up €3,746 (+74.9%), from €4,998 to €8,744
- Taxes +€888
up €888 (+69.9%), from €1,271 to €2,159
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 | €88,992 | €93,515 | +€4,523 | +5.1% |
| Fixed assets | 21/28 | €33,946 | €9,276 | -€24,670 | -72.7% |
| Tangible fixed assets | 22/27 | €33,946 | €9,276 | -€24,670 | -72.7% |
| Plant, machinery and equipment | 23 | €2,181 | €1,278 | -€903 | -41.4% |
| Furniture and vehicles | 24 | €31,765 | €7,998 | -€23,767 | -74.8% |
| Current assets | 29/58 | €55,046 | €84,239 | +€29,193 | +53.0% |
| Amounts receivable after more than one year | 29 | €50 | €50 | = | 0.0% |
| Trade receivables | 290 | €50 | €50 | = | 0.0% |
| Stocks and contracts in progress | 3 | €25,838 | €18,715 | -€7,123 | -27.6% |
| Stocks | 30/36 | €9,269 | €9,699 | +€430 | +4.6% |
| Contracts in progress | 37 | €16,569 | €9,016 | -€7,553 | -45.6% |
| Amounts receivable within one year | 40/41 | €27,128 | €60,114 | +€32,986 | +121.6% |
| Trade receivables | 40 | €27,128 | €51,332 | +€24,204 | +89.2% |
| Other amounts receivable | 41 | - | €8,782 | +€8,782 | |
| Cash at bank and in hand | 54/58 | €1,479 | €5,022 | +€3,543 | +239.6% |
| Deferred charges and accrued income | 490/1 | €551 | €338 | -€213 | -38.7% |
| Total equity and liabilities | 10/49 | €88,992 | €93,515 | +€4,523 | +5.1% |
| Equity | 10/15 | €36,861 | €40,061 | +€3,200 | +8.7% |
| Contributions | 10/11 | €17,200 | €17,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €22,861 | +€21,001 | +1129.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €21,001 | +€21,001 | |
| Profit (loss) carried forward | 14 | €17,801 | - | -€17,801 | |
| Amounts payable | 17/49 | €52,131 | €53,454 | +€1,323 | +2.5% |
| Amounts payable after more than one year | 17 | €6,274 | - | -€6,274 | |
| Financial debts | 170/4 | €6,274 | - | -€6,274 | |
| Amounts payable within one year | 42/48 | €45,857 | €51,410 | +€5,553 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €19,433 | €6,274 | -€13,159 | -67.7% |
| Trade debts | 44 | €6,424 | €30,523 | +€24,099 | +375.1% |
| Suppliers | 440/4 | €6,424 | €30,523 | +€24,099 | +375.1% |
| Taxes, remuneration and social security | 45 | €15,047 | €8,210 | -€6,837 | -45.4% |
| Taxes | 450/3 | €15,047 | €8,210 | -€6,837 | -45.4% |
| Other amounts payable | 47/48 | €4,953 | €6,403 | +€1,450 | +29.3% |
| Accrued charges and deferred income | 492/3 | - | €2,044 | +€2,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,509 | €14,058 | -€7,451 | -34.6% |
| Other operating charges | 640/8 | €1,771 | €1,599 | -€172 | -9.7% |
| Non-recurring operating charges | 66A | €50 | €380 | +€330 | +660.0% |
| Gross operating margin | 9900 | €23,803 | €30,139 | +€6,336 | +26.6% |
| Operating profit (loss) | 9901 | €473 | €14,102 | +€13,629 | +2881.4% |
| Financial income | 75/76B | €2 | €1 | -€1 | -50.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -50.0% |
| Financial charges | 65/66B | €4,998 | €8,744 | +€3,746 | +74.9% |
| Recurring financial charges | 65 | €4,998 | €8,744 | +€3,746 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,523 | €5,359 | +€9,882 | |
| Income taxes | 67/77 | €1,271 | €2,159 | +€888 | +69.9% |
| Profit (loss) for the period | 9904 | -€5,794 | €3,200 | +€8,994 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,794 | €3,200 | +€8,994 |
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 8 October 2026 via checked.be.