DWP: 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.
DWP
Largest movements
- Stocks and contracts -€5,000
down €5,000 (-7.7%), from €65,000 to €60,000
- Tangible fixed assets -€4,820
down €4,820 (-54.7%), from €8,816 to €3,996
of which Furniture and vehicles: -€3,458
- Deferred charges and accrued income -€2,000
down €2,000 (-40.0%), from €5,000 to €3,000
- Cash -€1,993
down €1,993 (-99.6%), from €2,000 to €7
mainly Net result for the year (-€19,202) and Current portion of long-term debt (-€8,532)
- Receivables within one year -€1,976
down €1,976 (-8.0%), from €24,790 to €22,814
of which Trade receivables: -€5,700
- Debts after one year +€17,279
up €17,279 (+52.0%), from €33,229 to €50,508
- Profit (loss) carried forward -€15,641
new in 2025: -€15,641
- Current portion of long-term debt -€8,532
down €8,532 (-50.6%), from €16,866 to €8,334
- Trade debts -€4,639
down €4,639 (-48.9%), from €9,477 to €4,838
- Reserves -€3,561
down €3,561 (-65.7%), from €5,421 to €1,860
of which Distributable reserves: -€3,561
- Gross operating margin -€21,414
down €21,414, from €14,632 to -€6,782
- Financial charges +€1,282
up €1,282 (+24.8%), from €5,176 to €6,458
- Depreciation -€1,000
down €1,000 (-17.2%), from €5,820 to €4,820
- Financial income -€694
down €694 (-100.0%), from €694 to €0
- Other operating charges +€294
up €294 (+34.7%), from €848 to €1,142
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 | €105,606 | €89,817 | -€15,789 | -15.0% |
| Fixed assets | 21/28 | €8,816 | €3,996 | -€4,820 | -54.7% |
| Tangible fixed assets | 22/27 | €8,816 | €3,996 | -€4,820 | -54.7% |
| Plant, machinery and equipment | 23 | €2,858 | €1,496 | -€1,362 | -47.7% |
| Furniture and vehicles | 24 | €5,958 | €2,500 | -€3,458 | -58.0% |
| Current assets | 29/58 | €96,790 | €85,822 | -€10,969 | -11.3% |
| Stocks and contracts in progress | 3 | €65,000 | €60,000 | -€5,000 | -7.7% |
| Stocks | 30/36 | €65,000 | €60,000 | -€5,000 | -7.7% |
| Amounts receivable within one year | 40/41 | €24,790 | €22,814 | -€1,976 | -8.0% |
| Trade receivables | 40 | €6,876 | €1,176 | -€5,700 | -82.9% |
| Other amounts receivable | 41 | €17,914 | €21,638 | +€3,724 | +20.8% |
| Cash at bank and in hand | 54/58 | €2,000 | €7 | -€1,993 | -99.6% |
| Deferred charges and accrued income | 490/1 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Total equity and liabilities | 10/49 | €105,606 | €89,817 | -€15,789 | -15.0% |
| Equity | 10/15 | €24,013 | €4,811 | -€19,202 | -80.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | - | €18,592 | +€18,592 | |
| Other | 1109/19 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €5,421 | €1,860 | -€3,561 | -65.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,561 | €0 | -€3,561 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€15,641 | -€15,641 | |
| Amounts payable | 17/49 | €81,593 | €85,006 | +€3,413 | +4.2% |
| Amounts payable after more than one year | 17 | €33,229 | €50,508 | +€17,279 | +52.0% |
| Financial debts | 170/4 | €33,229 | €50,508 | +€17,279 | +52.0% |
| Amounts payable within one year | 42/48 | €48,365 | €34,498 | -€13,866 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €16,866 | €8,334 | -€8,532 | -50.6% |
| Financial debts | 43 | €14,699 | €14,126 | -€572 | -3.9% |
| Credit institutions | 430/8 | €14,699 | €14,126 | -€572 | -3.9% |
| Trade debts | 44 | €9,477 | €4,838 | -€4,639 | -48.9% |
| Suppliers | 440/4 | €9,477 | €4,838 | -€4,639 | -48.9% |
| Taxes, remuneration and social security | 45 | €123 | €0 | -€123 | -100.0% |
| Taxes | 450/3 | €123 | €0 | -€123 | -100.0% |
| Other amounts payable | 47/48 | €7,200 | €7,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,820 | €4,820 | -€1,000 | -17.2% |
| Other operating charges | 640/8 | €848 | €1,142 | +€294 | +34.7% |
| Gross operating margin | 9900 | €14,632 | -€6,782 | -€21,414 | |
| Operating profit (loss) | 9901 | €7,964 | -€12,745 | -€20,708 | |
| Financial income | 75/76B | €694 | €0 | -€694 | -100.0% |
| Recurring financial income | 75 | €694 | €0 | -€694 | -100.0% |
| Financial charges | 65/66B | €5,176 | €6,458 | +€1,282 | +24.8% |
| Recurring financial charges | 65 | €5,176 | €6,458 | +€1,282 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €3,483 | -€19,202 | -€22,685 | |
| Profit (loss) for the period | 9904 | €3,483 | -€19,202 | -€22,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,483 | -€19,202 | -€22,685 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.