DE DRIE WILGEN: 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.
DE DRIE WILGEN
Largest movements
- Cash +€340,380
up €340,380 (+133.2%), from €255,567 to €595,948
mainly Receivables within one year (+€231,496) and Net result for the year (+€151,394)
- Receivables within one year -€231,496
down €231,496 (-60.5%), from €382,905 to €151,409
of which Trade receivables: -€263,850
- Receivables after one year -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Deferred charges and accrued income +€41,459
up €41,459 (+965.7%), from €4,293 to €45,752
- Profit (loss) carried forward +€151,394
up €151,394 (+31.0%), from €488,380 to €639,774
- Debts after one year -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Gross operating margin -€27,756
down €27,756 (-7.0%), from €396,783 to €369,027
- Financial income -€13,720
down €13,720 (-87.8%), from €15,624 to €1,904
- Taxes -€9,812
down €9,812 (-19.4%), from €50,584 to €40,772
- Staff costs -€7,331
down €7,331 (-15.4%), from €47,577 to €40,245
- Write-downs -€4,585
down €4,585 (-100.0%), from €4,585 to €0
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 | €1,768,831 | €1,874,216 | +€105,385 | +6.0% |
| Fixed assets | 21/28 | €408,496 | €418,020 | +€9,525 | +2.3% |
| Intangible fixed assets | 21 | €2,591 | €2,943 | +€352 | +13.6% |
| Tangible fixed assets | 22/27 | €398,904 | €408,077 | +€9,173 | +2.3% |
| Plant, machinery and equipment | 23 | €373,299 | €383,093 | +€9,794 | +2.6% |
| Furniture and vehicles | 24 | €25,605 | €24,984 | -€621 | -2.4% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €1,360,335 | €1,456,196 | +€95,860 | +7.0% |
| Amounts receivable after more than one year | 29 | €60,000 | €0 | -€60,000 | -100.0% |
| Other amounts receivable | 291 | €60,000 | €0 | -€60,000 | -100.0% |
| Stocks and contracts in progress | 3 | €657,570 | €663,087 | +€5,516 | +0.8% |
| Stocks | 30/36 | €657,570 | €663,087 | +€5,516 | +0.8% |
| Amounts receivable within one year | 40/41 | €382,905 | €151,409 | -€231,496 | -60.5% |
| Trade receivables | 40 | €366,319 | €102,469 | -€263,850 | -72.0% |
| Other amounts receivable | 41 | €16,585 | €48,939 | +€32,354 | +195.1% |
| Cash at bank and in hand | 54/58 | €255,567 | €595,948 | +€340,380 | +133.2% |
| Deferred charges and accrued income | 490/1 | €4,293 | €45,752 | +€41,459 | +965.7% |
| Total equity and liabilities | 10/49 | €1,768,831 | €1,874,216 | +€105,385 | +6.0% |
| Equity | 10/15 | €1,044,565 | €1,195,959 | +€151,394 | +14.5% |
| Contributions | 10/11 | €42,593 | €42,593 | = | 0.0% |
| Reserves | 13 | €513,593 | €513,593 | = | 0.0% |
| Distributable reserves | 133 | €513,593 | €513,593 | = | 0.0% |
| Profit (loss) carried forward | 14 | €488,380 | €639,774 | +€151,394 | +31.0% |
| Amounts payable | 17/49 | €724,266 | €678,257 | -€46,009 | -6.4% |
| Amounts payable after more than one year | 17 | €20,000 | €0 | -€20,000 | -100.0% |
| Financial debts | 170/4 | €20,000 | €0 | -€20,000 | -100.0% |
| Amounts payable within one year | 42/48 | €693,256 | €678,257 | -€15,000 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €28,043 | €28,909 | +€866 | +3.1% |
| Suppliers | 440/4 | €28,043 | €28,909 | +€866 | +3.1% |
| Taxes, remuneration and social security | 45 | €12,327 | €4,978 | -€7,349 | -59.6% |
| Taxes | 450/3 | €7,046 | €1,249 | -€5,797 | -82.3% |
| Remuneration and social security | 454/9 | €5,281 | €3,729 | -€1,552 | -29.4% |
| Other amounts payable | 47/48 | €652,886 | €644,369 | -€8,517 | -1.3% |
| Accrued charges and deferred income | 492/3 | €11,009 | €0 | -€11,009 | -100.0% |
| Non-recurring operating income | 76A | €9,208 | €2,977 | -€6,231 | -67.7% |
| Remuneration, social security and pensions | 62 | €47,577 | €40,245 | -€7,331 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,529 | €85,481 | +€3,952 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,585 | €0 | -€4,585 | -100.0% |
| Other operating charges | 640/8 | €6,157 | €5,235 | -€922 | -15.0% |
| Non-recurring operating charges | 66A | €45,575 | €45,134 | -€441 | -1.0% |
| Gross operating margin | 9900 | €396,783 | €369,027 | -€27,756 | -7.0% |
| Operating profit (loss) | 9901 | €211,360 | €192,931 | -€18,429 | -8.7% |
| Financial income | 75/76B | €15,624 | €1,904 | -€13,720 | -87.8% |
| Recurring financial income | 75 | €15,624 | €1,904 | -€13,720 | -87.8% |
| Financial charges | 65/66B | €1,017 | €2,669 | +€1,652 | +162.4% |
| Recurring financial charges | 65 | €1,017 | €2,669 | +€1,652 | +162.4% |
| Profit (loss) for the period before taxes | 9903 | €225,967 | €192,166 | -€33,802 | -15.0% |
| Income taxes | 67/77 | €50,584 | €40,772 | -€9,812 | -19.4% |
| Profit (loss) for the period | 9904 | €175,384 | €151,394 | -€23,990 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €175,384 | €151,394 | -€23,990 | -13.7% |
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 11 October 2026 via checked.be.