DWORL: 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.
DWORL
Largest movements
- Current investments +€124,076
up €124,076 (+20.7%), from €600,361 to €724,437
- Cash +€44,500
up €44,500 (+62.6%), from €71,093 to €115,593
mainly Net result for the year (+€175,311) and Other debts (+€43,053)
- Tangible fixed assets -€32,683
down €32,683 (-12.0%), from €272,353 to €239,670
of which Land and buildings: -€20,070
- Deferred charges and accrued income -€24,540
down €24,540 (-43.9%), from €55,849 to €31,309
- Reserves +€99,569
up €99,569 (+19.0%), from €523,036 to €622,605
of which Distributable reserves: +€99,569
- Other debts +€43,053
up €43,053 (+16.0%), from €269,401 to €312,455
- Debts after one year -€37,111
down €37,111 (-38.2%), from €97,111 to €60,000
- Purchases and services -€112,077
down €112,077 (-66.2%), from €169,413 to €57,336
- Turnover -€93,938
down €93,938 (-20.7%), from €454,637 to €360,700
- Gross operating margin +€18,139
up €18,139 (+6.4%), from €285,224 to €303,363
- Taxes +€14,527
up €14,527 (+19.8%), from €73,303 to €87,831
- Other operating charges -€6,216
down €6,216 (-92.0%), from €6,755 to €539
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 | €999,656 | €1,115,378 | +€115,722 | +11.6% |
| Fixed assets | 21/28 | €272,353 | €239,670 | -€32,683 | -12.0% |
| Tangible fixed assets | 22/27 | €272,353 | €239,670 | -€32,683 | -12.0% |
| Land and buildings | 22 | €216,385 | €196,314 | -€20,070 | -9.3% |
| Furniture and vehicles | 24 | €55,969 | €43,356 | -€12,613 | -22.5% |
| Current assets | 29/58 | €727,303 | €875,708 | +€148,405 | +20.4% |
| Amounts receivable within one year | 40/41 | - | €4,369 | +€4,369 | |
| Trade receivables | 40 | - | €3,819 | +€3,819 | |
| Other amounts receivable | 41 | - | €550 | +€550 | |
| Current investments | 50/53 | €600,361 | €724,437 | +€124,076 | +20.7% |
| Cash at bank and in hand | 54/58 | €71,093 | €115,593 | +€44,500 | +62.6% |
| Deferred charges and accrued income | 490/1 | €55,849 | €31,309 | -€24,540 | -43.9% |
| Total equity and liabilities | 10/49 | €999,656 | €1,115,378 | +€115,722 | +11.6% |
| Equity | 10/15 | €541,636 | €641,205 | +€99,569 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €523,036 | €622,605 | +€99,569 | +19.0% |
| Non-distributable reserves | 130/1 | €8,340 | €8,340 | = | 0.0% |
| Legal reserve | 130 | €8,340 | €8,340 | = | 0.0% |
| Distributable reserves | 133 | €514,696 | €614,265 | +€99,569 | +19.3% |
| Amounts payable | 17/49 | €458,021 | €474,174 | +€16,153 | +3.5% |
| Amounts payable after more than one year | 17 | €97,111 | €60,000 | -€37,111 | -38.2% |
| Financial debts | 170/4 | €97,111 | €60,000 | -€37,111 | -38.2% |
| Amounts payable within one year | 42/48 | €357,159 | €414,174 | +€57,015 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €36,625 | €37,111 | +€486 | +1.3% |
| Trade debts | 44 | €646 | €4,972 | +€4,326 | +670.0% |
| Suppliers | 440/4 | €646 | €4,972 | +€4,326 | +670.0% |
| Taxes, remuneration and social security | 45 | €50,486 | €59,636 | +€9,150 | +18.1% |
| Taxes | 450/3 | €47,330 | €56,908 | +€9,577 | +20.2% |
| Remuneration and social security | 454/9 | €3,156 | €2,728 | -€428 | -13.5% |
| Other amounts payable | 47/48 | €269,401 | €312,455 | +€43,053 | +16.0% |
| Accrued charges and deferred income | 492/3 | €3,751 | - | -€3,751 | |
| Turnover | 70 | €454,637 | €360,700 | -€93,938 | -20.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €169,413 | €57,336 | -€112,077 | -66.2% |
| Remuneration, social security and pensions | 62 | €17,803 | €15,202 | -€2,601 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,645 | €32,683 | +€3,038 | +10.2% |
| Other operating charges | 640/8 | €6,755 | €539 | -€6,216 | -92.0% |
| Gross operating margin | 9900 | €285,224 | €303,363 | +€18,139 | +6.4% |
| Operating profit (loss) | 9901 | €231,021 | €254,939 | +€23,919 | +10.4% |
| Financial income | 75/76B | €20,064 | €24,465 | +€4,402 | +21.9% |
| Recurring financial income | 75 | €20,064 | €24,465 | +€4,402 | +21.9% |
| Financial charges | 65/66B | €11,465 | €16,263 | +€4,797 | +41.8% |
| Recurring financial charges | 65 | €11,465 | €16,263 | +€4,797 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €239,619 | €263,142 | +€23,523 | +9.8% |
| Income taxes | 67/77 | €73,303 | €87,831 | +€14,527 | +19.8% |
| Profit (loss) for the period | 9904 | €166,315 | €175,311 | +€8,996 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €166,315 | €175,311 | +€8,996 | +5.4% |
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 8 October 2026 via checked.be.