DWP: 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.
DWP
Largest movements
- Stocks and contracts -€10,000
down €10,000 (-16.7%), from €60,000 to €50,000
- Receivables within one year +€6,448
up €6,448 (+28.3%), from €22,814 to €29,262
of which Other amounts receivable: +€6,659
- Deferred charges and accrued income +€2,000
up €2,000 (+66.7%), from €3,000 to €5,000
- Tangible fixed assets -€1,764
down €1,764 (-44.2%), from €3,996 to €2,231
of which Plant, machinery and equipment: -€1,139
- Current portion of long-term debt +€5,878
up €5,878 (+70.5%), from €8,334 to €14,211
- Debts after one year -€5,396
down €5,396 (-10.7%), from €50,508 to €45,112
- Profit (loss) carried forward -€4,017
down €4,017 (-25.7%), from -€15,641 to -€19,658
- Short-term financial debts +€1,463
up €1,463 (+10.4%), from €14,126 to €15,589
- Trade debts -€1,251
down €1,251 (-25.9%), from €4,838 to €3,587
- Gross operating margin +€13,337
up €13,337, from -€6,782 to €6,555
- Depreciation -€3,056
down €3,056 (-63.4%), from €4,820 to €1,764
- Other operating charges +€1,425
up €1,425 (+125%), from €1,142 to €2,567
- Financial income +€1,266
up €1,266, from €0 to €1,266
- Financial charges +€1,049
up €1,049 (+16.2%), from €6,458 to €7,507
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,817 | €86,493 | -€3,324 | -3.7% |
| Fixed assets | 21/28 | €3,996 | €2,231 | -€1,764 | -44.2% |
| Tangible fixed assets | 22/27 | €3,996 | €2,231 | -€1,764 | -44.2% |
| Plant, machinery and equipment | 23 | €1,496 | €356 | -€1,139 | -76.2% |
| Furniture and vehicles | 24 | €2,500 | €1,875 | -€625 | -25.0% |
| Current assets | 29/58 | €85,822 | €84,262 | -€1,560 | -1.8% |
| Stocks and contracts in progress | 3 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Stocks | 30/36 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €22,814 | €29,262 | +€6,448 | +28.3% |
| Trade receivables | 40 | €1,176 | €965 | -€212 | -18.0% |
| Other amounts receivable | 41 | €21,638 | €28,297 | +€6,659 | +30.8% |
| Cash at bank and in hand | 54/58 | €7 | €0 | -€7 | -100% |
| Deferred charges and accrued income | 490/1 | €3,000 | €5,000 | +€2,000 | +66.7% |
| Total equity and liabilities | 10/49 | €89,817 | €86,493 | -€3,324 | -3.7% |
| Equity | 10/15 | €4,811 | €794 | -€4,017 | -83.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| 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 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€15,641 | -€19,658 | -€4,017 | -25.7% |
| Amounts payable | 17/49 | €85,006 | €85,699 | +€693 | +0.8% |
| Amounts payable after more than one year | 17 | €50,508 | €45,112 | -€5,396 | -10.7% |
| Financial debts | 170/4 | €50,508 | €45,112 | -€5,396 | -10.7% |
| Amounts payable within one year | 42/48 | €34,498 | €40,587 | +€6,089 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €8,334 | €14,211 | +€5,878 | +70.5% |
| Financial debts | 43 | €14,126 | €15,589 | +€1,463 | +10.4% |
| Credit institutions | 430/8 | €14,126 | €15,589 | +€1,463 | +10.4% |
| Trade debts | 44 | €4,838 | €3,587 | -€1,251 | -25.9% |
| Suppliers | 440/4 | €4,838 | €3,587 | -€1,251 | -25.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €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 | €4,820 | €1,764 | -€3,056 | -63.4% |
| Other operating charges | 640/8 | €1,142 | €2,567 | +€1,425 | +125% |
| Gross operating margin | 9900 | -€6,782 | €6,555 | +€13,337 | |
| Operating profit (loss) | 9901 | -€12,745 | €2,224 | +€14,968 | |
| Financial income | 75/76B | €0 | €1,266 | +€1,266 | |
| Recurring financial income | 75 | €0 | €1,266 | +€1,266 | |
| Financial charges | 65/66B | €6,458 | €7,507 | +€1,049 | +16.2% |
| Recurring financial charges | 65 | €6,458 | €7,507 | +€1,049 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,202 | -€4,017 | +€15,185 | +79.1% |
| Profit (loss) for the period | 9904 | -€19,202 | -€4,017 | +€15,185 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,202 | -€4,017 | +€15,185 | +79.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.