DWM: 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.
DWM
Largest movements
- Receivables within one year +€9,099
up €9,099 (+10026.7%), from €91 to €9,190
- Stocks and contracts -€8,653
down €8,653 (-38.0%), from €22,796 to €14,144
- Trade debts -€13,268
down €13,268 (-83.3%), from €15,928 to €2,660
- Other debts +€11,848
up €11,848 (+4.8%), from €249,295 to €261,143
- Profit (loss) carried forward +€9,618
up €9,618 (+3.5%), from -€272,885 to -€263,266
- Tax, wage and social debts -€7,752
down €7,752 (-73.1%), from €10,602 to €2,850
- Other operating charges -€57,288
down €57,288 (-97.4%), from €58,842 to €1,554
- Gross operating margin -€10,453
down €10,453 (-48.2%), from €21,675 to €11,222
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,887 | €23,333 | +€447 | +2.0% |
| Current assets | 29/58 | €22,887 | €23,333 | +€447 | +2.0% |
| Stocks and contracts in progress | 3 | €22,796 | €14,144 | -€8,653 | -38.0% |
| Stocks | 30/36 | €22,796 | €14,144 | -€8,653 | -38.0% |
| Amounts receivable within one year | 40/41 | €91 | €9,190 | +€9,099 | +10026.7% |
| Trade receivables | 40 | €91 | €9,190 | +€9,099 | +10026.7% |
| Total equity and liabilities | 10/49 | €22,887 | €23,333 | +€447 | +2.0% |
| Equity | 10/15 | -€252,937 | -€243,319 | +€9,618 | +3.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,397 | €1,397 | = | 0.0% |
| Distributable reserves | 133 | €1,397 | €1,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€272,885 | -€263,266 | +€9,618 | +3.5% |
| Amounts payable | 17/49 | €275,824 | €266,653 | -€9,172 | -3.3% |
| Amounts payable within one year | 42/48 | €275,824 | €266,653 | -€9,172 | -3.3% |
| Trade debts | 44 | €15,928 | €2,660 | -€13,268 | -83.3% |
| Suppliers | 440/4 | €15,928 | €2,660 | -€13,268 | -83.3% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €10,602 | €2,850 | -€7,752 | -73.1% |
| Taxes | 450/3 | €10,602 | €2,850 | -€7,752 | -73.1% |
| Other amounts payable | 47/48 | €249,295 | €261,143 | +€11,848 | +4.8% |
| Other operating charges | 640/8 | €58,842 | €1,554 | -€57,288 | -97.4% |
| Gross operating margin | 9900 | €21,675 | €11,222 | -€10,453 | -48.2% |
| Operating profit (loss) | 9901 | -€37,167 | €9,668 | +€46,835 | |
| Financial charges | 65/66B | - | €50 | +€50 | |
| Recurring financial charges | 65 | - | €50 | +€50 | |
| Profit (loss) for the period before taxes | 9903 | -€37,167 | €9,618 | +€46,785 | |
| Profit (loss) for the period | 9904 | -€37,167 | €9,618 | +€46,785 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,167 | €9,618 | +€46,785 |
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 4 October 2026 via checked.be.