DWOGSI: 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.
DWOGSI
Largest movements
- Tangible fixed assets -€51,049
down €51,049 (-4.2%), from €1.2m to €1.2m
of which Land and buildings: -€45,360
- Receivables within one year +€32,731
up €32,731 (+124.1%), from €26,381 to €59,112
- Debts after one year -€58,752
down €58,752 (-4.6%), from €1.3m to €1.2m
of which Financial debts: -€63,754
- Accrued charges and deferred income +€27,785
up €27,785 (+84.9%), from €32,728 to €60,513
- Gross operating margin -€22,450
down €22,450 (-19.1%), from €117,805 to €95,354
- Financial charges -€6,223
down €6,223 (-13.5%), from €46,154 to €39,931
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 | €1,308,573 | €1,279,637 | -€28,936 | -2.2% |
| Fixed assets | 21/28 | €1,210,465 | €1,159,416 | -€51,049 | -4.2% |
| Tangible fixed assets | 22/27 | €1,210,465 | €1,159,416 | -€51,049 | -4.2% |
| Land and buildings | 22 | €1,190,898 | €1,145,538 | -€45,360 | -3.8% |
| Plant, machinery and equipment | 23 | €17,064 | €13,878 | -€3,185 | -18.7% |
| Assets under construction and advance payments | 27 | €2,503 | €0 | -€2,503 | -100.0% |
| Current assets | 29/58 | €98,108 | €120,221 | +€22,112 | +22.5% |
| Amounts receivable within one year | 40/41 | €26,381 | €59,112 | +€32,731 | +124.1% |
| Trade receivables | 40 | €26,381 | €59,112 | +€32,731 | +124.1% |
| Cash at bank and in hand | 54/58 | €66,951 | €55,458 | -€11,494 | -17.2% |
| Deferred charges and accrued income | 490/1 | €4,776 | €5,651 | +€874 | +18.3% |
| Total equity and liabilities | 10/49 | €1,308,573 | €1,279,637 | -€28,936 | -2.2% |
| Equity | 10/15 | -€100,302 | -€97,115 | +€3,187 | +3.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€300,302 | -€297,115 | +€3,187 | +1.1% |
| Amounts payable | 17/49 | €1,408,875 | €1,376,752 | -€32,124 | -2.3% |
| Amounts payable after more than one year | 17 | €1,273,092 | €1,214,341 | -€58,752 | -4.6% |
| Financial debts | 170/4 | €721,520 | €657,765 | -€63,754 | -8.8% |
| Other amounts payable | 178/9 | €551,573 | €556,575 | +€5,003 | +0.9% |
| Amounts payable within one year | 42/48 | €103,056 | €101,899 | -€1,157 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €62,659 | €63,754 | +€1,095 | +1.7% |
| Trade debts | 44 | €17,195 | €18,144 | +€950 | +5.5% |
| Suppliers | 440/4 | €17,195 | €18,144 | +€950 | +5.5% |
| Other amounts payable | 47/48 | €23,202 | €20,000 | -€3,202 | -13.8% |
| Accrued charges and deferred income | 492/3 | €32,728 | €60,513 | +€27,785 | +84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,545 | €48,545 | = | 0.0% |
| Other operating charges | 640/8 | €3,946 | €3,691 | -€255 | -6.5% |
| Gross operating margin | 9900 | €117,805 | €95,354 | -€22,450 | -19.1% |
| Operating profit (loss) | 9901 | €65,313 | €43,118 | -€22,195 | -34.0% |
| Financial charges | 65/66B | €46,154 | €39,931 | -€6,223 | -13.5% |
| Recurring financial charges | 65 | €46,154 | €39,931 | -€6,223 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €19,159 | €3,187 | -€15,972 | -83.4% |
| Profit (loss) for the period | 9904 | €19,159 | €3,187 | -€15,972 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,159 | €3,187 | -€15,972 | -83.4% |
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 6 October 2026 via checked.be.