DANNY WUYTS: 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.
DANNY WUYTS
Largest movements
- Cash +€416,546
up €416,546 (+43.7%), from €953,951 to €1.4m
mainly Net result for the year (+€249,569) and Current investments (+€225,636)
- Current investments -€225,636
no longer reported in 2025 (was €225,636)
- Receivables after one year +€47,123
up €47,123 (+3.8%), from €1.2m to €1.3m
- Receivables within one year -€31,698
down €31,698 (-53.6%), from €59,125 to €27,427
of which Other amounts receivable: -€32,372
- Reserves +€111,110
up €111,110 (+4.5%), from €2.5m to €2.6m
of which Distributable reserves: +€111,110
- Other debts +€60,029
up €60,029, from €0 to €60,029
- Trade debts +€40,089
up €40,089 (+620%), from €6,470 to €46,558
- Gross operating margin +€32,081
up €32,081 (+10.9%), from €294,991 to €327,072
- Taxes +€10,452
up €10,452 (+9.9%), from €105,470 to €115,922
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 | €2,546,299 | €2,733,858 | +€187,559 | +7.4% |
| Fixed assets | 21/28 | €29,352 | €14,480 | -€14,873 | -50.7% |
| Tangible fixed assets | 22/27 | €26,852 | €11,980 | -€14,873 | -55.4% |
| Furniture and vehicles | 24 | €26,852 | €11,980 | -€14,873 | -55.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €2,516,947 | €2,719,378 | +€202,432 | +8.0% |
| Amounts receivable after more than one year | 29 | €1,249,781 | €1,296,904 | +€47,123 | +3.8% |
| Other amounts receivable | 291 | €1,249,781 | €1,296,904 | +€47,123 | +3.8% |
| Amounts receivable within one year | 40/41 | €59,125 | €27,427 | -€31,698 | -53.6% |
| Trade receivables | 40 | €17,743 | €18,417 | +€674 | +3.8% |
| Other amounts receivable | 41 | €41,382 | €9,010 | -€32,372 | -78.2% |
| Current investments | 50/53 | €225,636 | - | -€225,636 | |
| Cash at bank and in hand | 54/58 | €953,951 | €1,370,496 | +€416,546 | +43.7% |
| Deferred charges and accrued income | 490/1 | €28,454 | €24,550 | -€3,903 | -13.7% |
| Total equity and liabilities | 10/49 | €2,546,299 | €2,733,858 | +€187,559 | +7.4% |
| Equity | 10/15 | €2,476,041 | €2,587,151 | +€111,110 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,463,641 | €2,574,751 | +€111,110 | +4.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,463,641 | €2,574,751 | +€111,110 | +4.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €70,258 | €146,707 | +€76,449 | +109% |
| Amounts payable within one year | 42/48 | €52,515 | €146,707 | +€94,192 | +179% |
| Trade debts | 44 | €6,470 | €46,558 | +€40,089 | +620% |
| Suppliers | 440/4 | €6,470 | €46,558 | +€40,089 | +620% |
| Taxes, remuneration and social security | 45 | €46,045 | €40,119 | -€5,926 | -12.9% |
| Taxes | 450/3 | €46,045 | €40,119 | -€5,926 | -12.9% |
| Other amounts payable | 47/48 | €0 | €60,029 | +€60,029 | |
| Accrued charges and deferred income | 492/3 | €17,743 | €0 | -€17,743 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,901 | €14,873 | -€1,029 | -6.5% |
| Other operating charges | 640/8 | €1,358 | €2,373 | +€1,015 | +74.8% |
| Gross operating margin | 9900 | €294,991 | €327,072 | +€32,081 | +10.9% |
| Operating profit (loss) | 9901 | €277,732 | €309,826 | +€32,094 | +11.6% |
| Financial income | 75/76B | €52,891 | €56,043 | +€3,151 | +6.0% |
| Recurring financial income | 75 | €52,891 | €56,043 | +€3,151 | +6.0% |
| Financial charges | 65/66B | €322 | €378 | +€56 | +17.2% |
| Recurring financial charges | 65 | €322 | €378 | +€56 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €330,301 | €365,491 | +€35,190 | +10.7% |
| Income taxes | 67/77 | €105,470 | €115,922 | +€10,452 | +9.9% |
| Profit (loss) for the period | 9904 | €224,831 | €249,569 | +€24,738 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €224,831 | €249,569 | +€24,738 | +11.0% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.