DWS-GENT: 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-GENT
Largest movements
- Tangible fixed assets -€854,911
down €854,911 (-20.5%), from €4.2m to €3.3m
of which Land and buildings: -€862,385
- Cash +€756,031
up €756,031 (+286%), from €263,969 to €1.0m
mainly Investment in fixed assets (net) (+€685,785) and Net result for the year (+€665,018)
- Receivables after one year -€200,000
down €200,000 (-20.7%), from €965,000 to €765,000
- Debts after one year -€821,341
down €821,341 (-100%), from €821,341 to €0
- Reserves +€500,000
up €500,000 (+10.0%), from €5.0m to €5.5m
- Other debts +€286,000
new in 2025: €286,000
- Profit (loss) carried forward -€120,982
down €120,982 (-50.7%), from €238,425 to €117,443
- Financial income +€373,555
up €373,555 (+731%), from €51,129 to €424,683
- Gross operating margin +€165,814
up €165,814 (+37.6%), from €440,470 to €606,284
- Depreciation -€87,204
down €87,204 (-34.2%), from €255,329 to €168,126
- Taxes +€62,758
up €62,758 (+217%), from €28,893 to €91,651
- Financial charges -€21,162
down €21,162 (-55.7%), from €37,999 to €16,837
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 | €6,181,859 | €5,949,457 | -€232,402 | -3.8% |
| Fixed assets | 21/28 | €4,899,206 | €4,045,295 | -€853,911 | -17.4% |
| Tangible fixed assets | 22/27 | €4,176,684 | €3,321,773 | -€854,911 | -20.5% |
| Land and buildings | 22 | €4,089,965 | €3,227,580 | -€862,385 | -21.1% |
| Plant, machinery and equipment | 23 | €1,113 | €2,290 | +€1,177 | +106% |
| Furniture and vehicles | 24 | €85,606 | €91,903 | +€6,298 | +7.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €722,522 | €723,522 | +€1,000 | +0.1% |
| Current assets | 29/58 | €1,282,653 | €1,904,161 | +€621,509 | +48.5% |
| Amounts receivable after more than one year | 29 | €965,000 | €765,000 | -€200,000 | -20.7% |
| Other amounts receivable | 291 | €965,000 | €765,000 | -€200,000 | -20.7% |
| Amounts receivable within one year | 40/41 | €30,394 | €84,740 | +€54,346 | +179% |
| Trade receivables | 40 | €4,089 | €67,314 | +€63,225 | +1,546% |
| Other amounts receivable | 41 | €26,305 | €17,426 | -€8,878 | -33.8% |
| Cash at bank and in hand | 54/58 | €263,969 | €1,020,000 | +€756,031 | +286% |
| Deferred charges and accrued income | 490/1 | €23,290 | €34,421 | +€11,131 | +47.8% |
| Total equity and liabilities | 10/49 | €6,181,859 | €5,949,457 | -€232,402 | -3.8% |
| Equity | 10/15 | €5,257,175 | €5,636,193 | +€379,018 | +7.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €5,000,000 | €5,500,000 | +€500,000 | +10.0% |
| Distributable reserves | 133 | €5,000,000 | €5,500,000 | +€500,000 | +10.0% |
| Profit (loss) carried forward | 14 | €238,425 | €117,443 | -€120,982 | -50.7% |
| Amounts payable | 17/49 | €924,684 | €313,264 | -€611,420 | -66.1% |
| Amounts payable after more than one year | 17 | €821,341 | €0 | -€821,341 | -100% |
| Financial debts | 170/4 | €821,341 | €0 | -€821,341 | -100% |
| Amounts payable within one year | 42/48 | €78,864 | €313,264 | +€234,400 | +297% |
| Current portion of amounts payable after more than one year | 42 | €63,448 | €21,341 | -€42,106 | -66.4% |
| Trade debts | 44 | €4,756 | €5,413 | +€657 | +13.8% |
| Suppliers | 440/4 | €4,756 | €5,413 | +€657 | +13.8% |
| Taxes, remuneration and social security | 45 | €10,660 | €510 | -€10,150 | -95.2% |
| Taxes | 450/3 | €10,491 | €360 | -€10,131 | -96.6% |
| Remuneration and social security | 454/9 | €169 | €150 | -€19 | -11.4% |
| Other amounts payable | 47/48 | - | €286,000 | +€286,000 | |
| Accrued charges and deferred income | 492/3 | €24,479 | €0 | -€24,479 | -100% |
| Remuneration, social security and pensions | 62 | €8,436 | €8,780 | +€344 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,329 | €168,126 | -€87,204 | -34.2% |
| Other operating charges | 640/8 | €74,052 | €80,556 | +€6,504 | +8.8% |
| Gross operating margin | 9900 | €440,470 | €606,284 | +€165,814 | +37.6% |
| Operating profit (loss) | 9901 | €102,654 | €348,823 | +€246,169 | +240% |
| Financial income | 75/76B | €51,129 | €424,683 | +€373,555 | +731% |
| Recurring financial income | 75 | €51,129 | €424,683 | +€373,555 | +731% |
| Financial charges | 65/66B | €37,999 | €16,837 | -€21,162 | -55.7% |
| Recurring financial charges | 65 | €37,999 | €16,837 | -€21,162 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €115,784 | €756,669 | +€640,885 | +554% |
| Income taxes | 67/77 | €28,893 | €91,651 | +€62,758 | +217% |
| Profit (loss) for the period | 9904 | €86,891 | €665,018 | +€578,127 | +665% |
| Profit (loss) for the period to be appropriated | 9905 | €86,891 | €665,018 | +€578,127 | +665% |
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 16 October 2026 via checked.be.