DWR: 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.
DWR
Largest movements
- Receivables within one year +€27,304
up €27,304 (+65.7%), from €41,569 to €68,873
of which Trade receivables: +€27,179
- Cash +€21,313
up €21,313 (+39.4%), from €54,160 to €75,472
mainly Net result for the year (+€64,222) and Trade debts (+€1,691)
- Tangible fixed assets +€5,171
up €5,171 (+682.6%), from €758 to €5,929
of which Furniture and vehicles: +€5,488
- Reserves +€64,222
up €64,222 (+101.9%), from €63,054 to €127,276
- Tax, wage and social debts -€11,199
down €11,199 (-49.9%), from €22,429 to €11,230
- Trade debts +€1,691
up €1,691 (+81.3%), from €2,080 to €3,771
- Gross operating margin +€31,338
up €31,338 (+56.4%), from €55,550 to €86,889
- Taxes +€1,875
up €1,875 (+11.5%), from €16,283 to €18,158
- Financial charges +€1,153
up €1,153 (+121.5%), from €949 to €2,102
- Depreciation +€962
up €962 (+148.5%), from €648 to €1,610
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 | €96,860 | €151,416 | +€54,556 | +56.3% |
| Fixed assets | 21/28 | €758 | €5,929 | +€5,171 | +682.6% |
| Tangible fixed assets | 22/27 | €758 | €5,929 | +€5,171 | +682.6% |
| Plant, machinery and equipment | 23 | €400 | €84 | -€316 | -79.0% |
| Furniture and vehicles | 24 | €357 | €5,845 | +€5,488 | +1536.4% |
| Current assets | 29/58 | €96,102 | €145,487 | +€49,385 | +51.4% |
| Amounts receivable within one year | 40/41 | €41,569 | €68,873 | +€27,304 | +65.7% |
| Trade receivables | 40 | €41,569 | €68,748 | +€27,179 | +65.4% |
| Other amounts receivable | 41 | - | €125 | +€125 | |
| Cash at bank and in hand | 54/58 | €54,160 | €75,472 | +€21,313 | +39.4% |
| Deferred charges and accrued income | 490/1 | €373 | €1,142 | +€769 | +205.8% |
| Total equity and liabilities | 10/49 | €96,860 | €151,416 | +€54,556 | +56.3% |
| Equity | 10/15 | €68,054 | €132,276 | +€64,222 | +94.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,054 | €127,276 | +€64,222 | +101.9% |
| Distributable reserves | 133 | €63,054 | €127,276 | +€64,222 | +101.9% |
| Amounts payable | 17/49 | €28,806 | €19,141 | -€9,666 | -33.6% |
| Amounts payable within one year | 42/48 | €28,806 | €19,141 | -€9,666 | -33.6% |
| Trade debts | 44 | €2,080 | €3,771 | +€1,691 | +81.3% |
| Suppliers | 440/4 | €2,080 | €3,771 | +€1,691 | +81.3% |
| Taxes, remuneration and social security | 45 | €22,429 | €11,230 | -€11,199 | -49.9% |
| Taxes | 450/3 | €22,429 | €11,230 | -€11,199 | -49.9% |
| Other amounts payable | 47/48 | €4,297 | €4,140 | -€157 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €648 | €1,610 | +€962 | +148.5% |
| Other operating charges | 640/8 | €1,058 | €820 | -€238 | -22.5% |
| Gross operating margin | 9900 | €55,550 | €86,889 | +€31,338 | +56.4% |
| Operating profit (loss) | 9901 | €53,845 | €84,459 | +€30,614 | +56.9% |
| Financial income | 75/76B | €0 | €23 | +€23 | |
| Recurring financial income | 75 | €0 | €23 | +€23 | |
| Financial charges | 65/66B | €949 | €2,102 | +€1,153 | +121.5% |
| Recurring financial charges | 65 | €949 | €2,102 | +€1,153 | +121.5% |
| Profit (loss) for the period before taxes | 9903 | €52,896 | €82,380 | +€29,484 | +55.7% |
| Income taxes | 67/77 | €16,283 | €18,158 | +€1,875 | +11.5% |
| Profit (loss) for the period | 9904 | €36,612 | €64,222 | +€27,610 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,612 | €64,222 | +€27,610 | +75.4% |
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 29 September 2026 via checked.be.