DWB Projects: 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.
DWB Projects
Largest movements
- Cash +€132,983
up €132,983 (+1145.8%), from €11,606 to €144,589
mainly Net result for the year (+€125,381) and Tax, wage and social debts (+€25,138)
- Tangible fixed assets +€8,203
up €8,203 (+2.6%), from €312,113 to €320,316
of which Land and buildings: +€7,423
- Profit (loss) carried forward +€125,381
up €125,381 (+1461.1%), from €8,581 to €133,962
- Debts after one year -€26,160
down €26,160 (-11.1%), from €235,440 to €209,280
- Tax, wage and social debts +€25,138
up €25,138 (+119.3%), from €21,066 to €46,203
of which Taxes: +€30,286
- Other debts +€15,296
up €15,296 (+18.5%), from €82,580 to €97,876
- Gross operating margin +€130,597
up €130,597 (+257.3%), from €50,766 to €181,363
- Taxes +€32,820
up €32,820 (+1563.2%), from €2,099 to €34,920
- Depreciation -€25,773
down €25,773 (-67.5%), from €38,204 to €12,431
- Financial charges +€5,936
up €5,936 (+372.4%), from €1,594 to €7,531
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 | €381,495 | €519,645 | +€138,150 | +36.2% |
| Fixed assets | 21/28 | €312,113 | €320,316 | +€8,203 | +2.6% |
| Tangible fixed assets | 22/27 | €312,113 | €320,316 | +€8,203 | +2.6% |
| Land and buildings | 22 | €305,798 | €313,221 | +€7,423 | +2.4% |
| Plant, machinery and equipment | 23 | €6,315 | €7,095 | +€780 | +12.3% |
| Current assets | 29/58 | €69,382 | €199,329 | +€129,947 | +187.3% |
| Amounts receivable within one year | 40/41 | €55,886 | €53,468 | -€2,418 | -4.3% |
| Trade receivables | 40 | €53,525 | €53,259 | -€266 | -0.5% |
| Other amounts receivable | 41 | €2,361 | €209 | -€2,152 | -91.2% |
| Cash at bank and in hand | 54/58 | €11,606 | €144,589 | +€132,983 | +1145.8% |
| Deferred charges and accrued income | 490/1 | €1,889 | €1,271 | -€618 | -32.7% |
| Total equity and liabilities | 10/49 | €381,495 | €519,645 | +€138,150 | +36.2% |
| Equity | 10/15 | €10,581 | €135,962 | +€125,381 | +1184.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,581 | €133,962 | +€125,381 | +1461.1% |
| Amounts payable | 17/49 | €370,914 | €383,683 | +€12,769 | +3.4% |
| Amounts payable after more than one year | 17 | €235,440 | €209,280 | -€26,160 | -11.1% |
| Financial debts | 170/4 | €235,440 | €209,280 | -€26,160 | -11.1% |
| Amounts payable within one year | 42/48 | €135,474 | €174,403 | +€38,929 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €26,160 | €26,160 | = | 0.0% |
| Financial debts | 43 | €500 | €0 | -€500 | -100.0% |
| Credit institutions | 430/8 | €500 | €0 | -€500 | -100.0% |
| Trade debts | 44 | €5,168 | €3,170 | -€1,998 | -38.7% |
| Suppliers | 440/4 | €5,168 | €3,170 | -€1,998 | -38.7% |
| Advances received on contracts in progress | 46 | - | €994 | +€994 | |
| Taxes, remuneration and social security | 45 | €21,066 | €46,203 | +€25,138 | +119.3% |
| Taxes | 450/3 | €15,918 | €46,203 | +€30,286 | +190.3% |
| Remuneration and social security | 454/9 | €5,148 | €0 | -€5,148 | -100.0% |
| Other amounts payable | 47/48 | €82,580 | €97,876 | +€15,296 | +18.5% |
| Non-recurring operating income | 76A | €3,325 | €0 | -€3,325 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,204 | €12,431 | -€25,773 | -67.5% |
| Other operating charges | 640/8 | €582 | €1,102 | +€519 | +89.2% |
| Gross operating margin | 9900 | €50,766 | €181,363 | +€130,597 | +257.3% |
| Operating profit (loss) | 9901 | €11,980 | €167,831 | +€155,851 | +1301.0% |
| Financial charges | 65/66B | €1,594 | €7,531 | +€5,936 | +372.4% |
| Recurring financial charges | 65 | €1,594 | €7,531 | +€5,936 | +372.4% |
| Profit (loss) for the period before taxes | 9903 | €10,386 | €160,300 | +€149,915 | +1443.5% |
| Income taxes | 67/77 | €2,099 | €34,920 | +€32,820 | +1563.2% |
| Profit (loss) for the period | 9904 | €8,286 | €125,381 | +€117,094 | +1413.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,286 | €125,381 | +€117,094 | +1413.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.