DWM&Co: 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.
DWM&Co
Largest movements
- Receivables within one year +€109,150
up €109,150 (+247%), from €44,240 to €153,390
of which Trade receivables: +€111,902
- Tangible fixed assets +€12,849
up €12,849 (+3.3%), from €388,536 to €401,385
of which Land and buildings: +€91,923
- Cash +€8,231
up €8,231 (+17.4%), from €47,256 to €55,487
mainly Depreciation (+€91,008) and Trade debts (+€87,335)
- Trade debts +€87,335
up €87,335 (+373%), from €23,442 to €110,777
- Debts after one year +€24,859
up €24,859 (+10.4%), from €238,524 to €263,383
- Reserves +€19,267
up €19,267 (+23.4%), from €82,438 to €101,705
- Current portion of long-term debt -€17,356
down €17,356 (-20.1%), from €86,200 to €68,844
- Tax, wage and social debts +€11,387
up €11,387 (+39.6%), from €28,724 to €40,111
of which Taxes: +€9,645
- Depreciation +€23,557
up €23,557 (+34.9%), from €67,451 to €91,008
- Other operating charges -€9,414
down €9,414 (-64.6%), from €14,578 to €5,164
- Gross operating margin +€4,868
up €4,868 (+2.2%), from €216,999 to €221,866
- Staff costs -€4,067
down €4,067 (-4.8%), from €85,134 to €81,067
- Financial charges +€2,949
up €2,949 (+31.2%), from €9,463 to €12,412
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €483,948 | €613,179 | +€129,231 | +26.7% |
| Fixed assets | 21/28 | €392,452 | €404,302 | +€11,849 | +3.0% |
| Intangible fixed assets | 21 | €3,917 | €2,917 | -€1,000 | -25.5% |
| Tangible fixed assets | 22/27 | €388,536 | €401,385 | +€12,849 | +3.3% |
| Land and buildings | 22 | €217,199 | €309,122 | +€91,923 | +42.3% |
| Plant, machinery and equipment | 23 | €21,898 | €11,900 | -€9,998 | -45.7% |
| Furniture and vehicles | 24 | €80,439 | €57,363 | -€23,075 | -28.7% |
| Other tangible fixed assets | 26 | €69,000 | €23,000 | -€46,000 | -66.7% |
| Current assets | 29/58 | €91,496 | €208,877 | +€117,381 | +128% |
| Amounts receivable within one year | 40/41 | €44,240 | €153,390 | +€109,150 | +247% |
| Trade receivables | 40 | €41,263 | €153,165 | +€111,902 | +271% |
| Other amounts receivable | 41 | €2,977 | €225 | -€2,752 | -92.4% |
| Cash at bank and in hand | 54/58 | €47,256 | €55,487 | +€8,231 | +17.4% |
| Total equity and liabilities | 10/49 | €483,948 | €613,179 | +€129,231 | +26.7% |
| Equity | 10/15 | €101,038 | €120,305 | +€19,267 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,438 | €101,705 | +€19,267 | +23.4% |
| Distributable reserves | 133 | €82,438 | €101,705 | +€19,267 | +23.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €382,910 | €492,874 | +€109,964 | +28.7% |
| Amounts payable after more than one year | 17 | €238,524 | €263,383 | +€24,859 | +10.4% |
| Financial debts | 170/4 | €238,524 | €263,383 | +€24,859 | +10.4% |
| Amounts payable within one year | 42/48 | €144,386 | €229,491 | +€85,105 | +58.9% |
| Current portion of amounts payable after more than one year | 42 | €86,200 | €68,844 | -€17,356 | -20.1% |
| Trade debts | 44 | €23,442 | €110,777 | +€87,335 | +373% |
| Suppliers | 440/4 | €23,442 | €110,777 | +€87,335 | +373% |
| Advances received on contracts in progress | 46 | - | €829 | +€829 | |
| Taxes, remuneration and social security | 45 | €28,724 | €40,111 | +€11,387 | +39.6% |
| Taxes | 450/3 | €17,791 | €27,436 | +€9,645 | +54.2% |
| Remuneration and social security | 454/9 | €10,933 | €12,675 | +€1,742 | +15.9% |
| Other amounts payable | 47/48 | €6,020 | €8,930 | +€2,910 | +48.3% |
| Remuneration, social security and pensions | 62 | €85,134 | €81,067 | -€4,067 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,451 | €91,008 | +€23,557 | +34.9% |
| Other operating charges | 640/8 | €14,578 | €5,164 | -€9,414 | -64.6% |
| Gross operating margin | 9900 | €216,999 | €221,866 | +€4,868 | +2.2% |
| Operating profit (loss) | 9901 | €49,836 | €44,628 | -€5,208 | -10.5% |
| Financial income | 75/76B | €3 | €5 | +€2 | +73.2% |
| Recurring financial income | 75 | €3 | €5 | +€2 | +73.2% |
| Financial charges | 65/66B | €9,463 | €12,412 | +€2,949 | +31.2% |
| Recurring financial charges | 65 | €9,463 | €12,412 | +€2,949 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €40,376 | €32,221 | -€8,155 | -20.2% |
| Income taxes | 67/77 | €10,862 | €7,954 | -€2,908 | -26.8% |
| Profit (loss) for the period | 9904 | €29,514 | €24,267 | -€5,247 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,514 | €24,267 | -€5,247 | -17.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.