DWMS: 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.
DWMS
Largest movements
- Receivables within one year -€130,526
down €130,526 (-96.7%), from €135,019 to €4,493
of which Trade receivables: -€131,446
- Cash +€55,507
up €55,507 (+11906.5%), from €466 to €55,973
mainly Receivables within one year (+€130,526)
- Other debts -€35,344
down €35,344 (-99.5%), from €35,535 to €191
- Trade debts -€18,420
down €18,420 (-31.7%), from €58,170 to €39,750
- Tax, wage and social debts -€11,296
no longer reported in 2025 (was €11,296)
- Profit (loss) carried forward -€9,894
down €9,894, from €6,756 to -€3,138
- Gross operating margin -€14,341
down €14,341, from €5,472 to -€8,868
- Depreciation -€783
no longer reported in 2025 (was €783)
- Financial charges +€559
up €559 (+827.6%), from €68 to €626
- Taxes -€421
no longer reported in 2025 (was €421)
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 | €136,757 | €61,803 | -€74,954 | -54.8% |
| Fixed assets | 21/28 | €1,272 | €1,272 | = | 0.0% |
| Financial fixed assets | 28 | €1,272 | €1,272 | = | 0.0% |
| Current assets | 29/58 | €135,486 | €60,532 | -€74,954 | -55.3% |
| Amounts receivable within one year | 40/41 | €135,019 | €4,493 | -€130,526 | -96.7% |
| Trade receivables | 40 | €131,446 | - | -€131,446 | |
| Other amounts receivable | 41 | €3,573 | €4,493 | +€920 | +25.7% |
| Cash at bank and in hand | 54/58 | €466 | €55,973 | +€55,507 | +11906.5% |
| Deferred charges and accrued income | 490/1 | - | €65 | +€65 | |
| Total equity and liabilities | 10/49 | €136,757 | €61,803 | -€74,954 | -54.8% |
| Equity | 10/15 | €31,756 | €21,862 | -€9,894 | -31.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,756 | -€3,138 | -€9,894 | |
| Amounts payable | 17/49 | €105,001 | €39,942 | -€65,060 | -62.0% |
| Amounts payable within one year | 42/48 | €105,001 | €39,942 | -€65,060 | -62.0% |
| Trade debts | 44 | €58,170 | €39,750 | -€18,420 | -31.7% |
| Suppliers | 440/4 | €58,170 | €39,750 | -€18,420 | -31.7% |
| Taxes, remuneration and social security | 45 | €11,296 | - | -€11,296 | |
| Remuneration and social security | 454/9 | €11,296 | - | -€11,296 | |
| Other amounts payable | 47/48 | €35,535 | €191 | -€35,344 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €783 | - | -€783 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €5,472 | -€8,868 | -€14,341 | |
| Operating profit (loss) | 9901 | €4,302 | -€9,268 | -€13,570 | |
| Financial charges | 65/66B | €68 | €626 | +€559 | +827.6% |
| Recurring financial charges | 65 | €68 | €626 | +€559 | +827.6% |
| Profit (loss) for the period before taxes | 9903 | €4,234 | -€9,894 | -€14,129 | |
| Income taxes | 67/77 | €421 | - | -€421 | |
| Profit (loss) for the period | 9904 | €3,813 | -€9,894 | -€13,707 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,813 | -€9,894 | -€13,707 |
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.