Dws & Co: 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.
Dws & Co
Largest movements
- Tangible fixed assets +€196,089
new in 2025: €196,089
of which Land and buildings: +€170,498
- Receivables within one year +€158,940
up €158,940 (+4935.0%), from €3,221 to €162,161
of which Trade receivables: +€162,161
- Cash -€34,607
down €34,607 (-46.2%), from €74,987 to €40,380
mainly Investment in fixed assets (net) (-€206,934) and Receivables within one year (-€158,940)
- Debts after one year +€249,626
new in 2025: €249,626
- Trade debts +€110,371
up €110,371 (+4347.9%), from €2,539 to €112,909
- Profit (loss) carried forward -€28,871
down €28,871 (-63.4%), from €45,555 to €16,684
- Tax, wage and social debts -€24,497
down €24,497 (-84.7%), from €28,914 to €4,417
- Other debts +€9,528
new in 2025: €9,528
- Gross operating margin -€44,966
down €44,966 (-78.3%), from €57,439 to €12,474
- Other operating charges +€21,900
up €21,900 (+5124.2%), from €427 to €22,328
- Taxes -€11,401
down €11,401 (-99.1%), from €11,506 to €105
- Depreciation +€10,845
new in 2025: €10,845
- Financial charges +€8,067
new in 2025: €8,067
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 | €78,208 | €401,442 | +€323,234 | +413.3% |
| Fixed assets | 21/28 | - | €196,089 | +€196,089 | |
| Tangible fixed assets | 22/27 | - | €196,089 | +€196,089 | |
| Land and buildings | 22 | - | €170,498 | +€170,498 | |
| Furniture and vehicles | 24 | - | €25,591 | +€25,591 | |
| Current assets | 29/58 | €78,208 | €205,353 | +€127,146 | +162.6% |
| Amounts receivable within one year | 40/41 | €3,221 | €162,161 | +€158,940 | +4935.0% |
| Trade receivables | 40 | - | €162,161 | +€162,161 | |
| Other amounts receivable | 41 | €3,221 | €0 | -€3,221 | -100.0% |
| Cash at bank and in hand | 54/58 | €74,987 | €40,380 | -€34,607 | -46.2% |
| Deferred charges and accrued income | 490/1 | - | €2,813 | +€2,813 | |
| Total equity and liabilities | 10/49 | €78,208 | €401,442 | +€323,234 | +413.3% |
| Equity | 10/15 | €46,555 | €17,684 | -€28,871 | -62.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,555 | €16,684 | -€28,871 | -63.4% |
| Amounts payable | 17/49 | €31,652 | €383,758 | +€352,106 | +1112.4% |
| Amounts payable after more than one year | 17 | - | €249,626 | +€249,626 | |
| Financial debts | 170/4 | - | €249,626 | +€249,626 | |
| Amounts payable within one year | 42/48 | €31,452 | €133,932 | +€102,479 | +325.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,767 | +€6,767 | |
| Financial debts | 43 | - | €310 | +€310 | |
| Credit institutions | 430/8 | - | €310 | +€310 | |
| Trade debts | 44 | €2,539 | €112,909 | +€110,371 | +4347.9% |
| Suppliers | 440/4 | €2,539 | €112,909 | +€110,371 | +4347.9% |
| Taxes, remuneration and social security | 45 | €28,914 | €4,417 | -€24,497 | -84.7% |
| Taxes | 450/3 | €28,914 | €4,417 | -€24,497 | -84.7% |
| Other amounts payable | 47/48 | - | €9,528 | +€9,528 | |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,845 | +€10,845 | |
| Other operating charges | 640/8 | €427 | €22,328 | +€21,900 | +5124.2% |
| Gross operating margin | 9900 | €57,439 | €12,474 | -€44,966 | -78.3% |
| Operating profit (loss) | 9901 | €57,012 | -€20,699 | -€77,711 | |
| Financial income | 75/76B | €50 | €0 | -€50 | -100.0% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -100.0% |
| Financial charges | 65/66B | - | €8,067 | +€8,067 | |
| Recurring financial charges | 65 | - | €8,067 | +€8,067 | |
| Profit (loss) for the period before taxes | 9903 | €57,061 | -€28,766 | -€85,828 | |
| Income taxes | 67/77 | €11,506 | €105 | -€11,401 | -99.1% |
| Profit (loss) for the period | 9904 | €45,555 | -€28,871 | -€74,427 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,555 | -€28,871 | -€74,427 |
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 12 October 2026 via checked.be.