DWR MANAGEMENT: what changed
Two financial 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 MANAGEMENT
Largest movements
- Receivables within one year -€45,458
down €45,458 (-57.7%), from €78,793 to €33,335
- Tangible fixed assets -€2,543
down €2,543 (-28.6%), from €8,881 to €6,337
of which Land and buildings: -€2,384
- Trade debts -€55,979
down €55,979 (-92.5%), from €60,518 to €4,539
- Profit (loss) carried forward +€13,272
up €13,272 (+96.7%), from €13,720 to €26,992
- Other debts -€6,280
down €6,280 (-38.9%), from €16,125 to €9,845
- Gross operating margin +€9,408
up €9,408 (+117%), from €8,035 to €17,442
- Turnover +€7,950
up €7,950 (+13.7%), from €58,050 to €66,000
- Purchases and services -€1,458
down €1,458 (-2.9%), from €50,015 to €48,558
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.
Derived cash bridge
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 | €97,557 | €48,645 | -€48,912 | -50.1% |
| Formation expenses | 20 | €433 | €33 | -€400 | -92.4% |
| Fixed assets | 21/28 | €8,881 | €6,337 | -€2,543 | -28.6% |
| Tangible fixed assets | 22/27 | €8,881 | €6,337 | -€2,543 | -28.6% |
| Land and buildings | 22 | €8,317 | €5,933 | -€2,384 | -28.7% |
| Plant, machinery and equipment | 23 | €564 | €405 | -€159 | -28.2% |
| Current assets | 29/58 | €88,243 | €42,274 | -€45,969 | -52.1% |
| Amounts receivable within one year | 40/41 | €78,793 | €33,335 | -€45,458 | -57.7% |
| Trade receivables | 40 | €78,793 | €33,335 | -€45,458 | -57.7% |
| Cash at bank and in hand | 54/58 | €9,450 | €8,939 | -€511 | -5.4% |
| Total equity and liabilities | 10/49 | €97,557 | €48,645 | -€48,912 | -50.1% |
| Equity | 10/15 | €18,720 | €31,992 | +€13,272 | +70.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,720 | €26,992 | +€13,272 | +96.7% |
| Amounts payable | 17/49 | €78,837 | €16,653 | -€62,184 | -78.9% |
| Amounts payable within one year | 42/48 | €78,837 | €16,653 | -€62,184 | -78.9% |
| Trade debts | 44 | €60,518 | €4,539 | -€55,979 | -92.5% |
| Suppliers | 440/4 | €60,518 | €4,539 | -€55,979 | -92.5% |
| Taxes, remuneration and social security | 45 | €2,194 | €2,268 | +€75 | +3.4% |
| Taxes | 450/3 | €2,194 | €2,268 | +€75 | +3.4% |
| Other amounts payable | 47/48 | €16,125 | €9,845 | -€6,280 | -38.9% |
| Turnover | 70 | €58,050 | €66,000 | +€7,950 | +13.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €50,015 | €48,558 | -€1,458 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,947 | €3,414 | +€467 | +15.9% |
| Other operating charges | 640/8 | €126 | €578 | +€452 | +359% |
| Gross operating margin | 9900 | €8,035 | €17,442 | +€9,408 | +117% |
| Operating profit (loss) | 9901 | €4,962 | €13,451 | +€8,489 | +171% |
| Financial charges | 65/66B | €129 | €179 | +€50 | +38.8% |
| Recurring financial charges | 65 | €129 | €179 | +€50 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €4,833 | €13,272 | +€8,439 | +175% |
| Profit (loss) for the period | 9904 | €4,833 | €13,272 | +€8,439 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €4,833 | €13,272 | +€8,439 | +175% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.