DE TWEE WIJZEN: what changed
DE TWEE WIJZEN
Largest movements
- Intangible fixed assets -€275,000
down €275,000 (-25.0%), from €1.1m to €825,000
- Cash -€84,870
down €84,870 (-47.3%), from €179,455 to €94,585
mainly Contributions, distributions and other (-€150,000) and Debts after one year (-€129,156)
- Stocks and contracts +€19,087
up €19,087 (+61.1%), from €31,246 to €50,333
- Tangible fixed assets +€17,891
up €17,891 (+73.9%), from €24,224 to €42,115
of which Furniture and vehicles: +€12,714
- Reserves +€180,951
up €180,951 (+66.5%), from €272,203 to €453,153
- Contributions -€150,000
down €150,000 (-60.0%), from €250,000 to €100,000
- Debts after one year -€129,156
down €129,156 (-30.8%), from €419,520 to €290,364
- Trade debts -€125,957
down €125,957 (-63.4%), from €198,556 to €72,599
- Tax, wage and social debts -€104,695
down €104,695 (-71.2%), from €147,092 to €42,397
- Gross operating margin -€105,947
down €105,947 (-9.6%), from €1.1m to €999,567
- Taxes -€40,598
down €40,598 (-33.2%), from €122,212 to €81,614
- Staff costs +€28,589
up €28,589 (+7.3%), from €391,559 to €420,147
- Financial charges -€11,058
down €11,058 (-26.0%), from €42,497 to €31,439
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,410,329 | €1,087,670 | -€322,659 | -22.9% |
| Fixed assets | 21/28 | €1,143,026 | €885,917 | -€257,109 | -22.5% |
| Intangible fixed assets | 21 | €1,100,000 | €825,000 | -€275,000 | -25.0% |
| Tangible fixed assets | 22/27 | €24,224 | €42,115 | +€17,891 | +73.9% |
| Land and buildings | 22 | €1,649 | €6,915 | +€5,266 | +319% |
| Plant, machinery and equipment | 23 | €22,575 | €22,486 | -€89 | -0.4% |
| Furniture and vehicles | 24 | - | €12,714 | +€12,714 | |
| Financial fixed assets | 28 | €18,803 | €18,803 | = | 0.0% |
| Current assets | 29/58 | €267,303 | €201,753 | -€65,550 | -24.5% |
| Stocks and contracts in progress | 3 | €31,246 | €50,333 | +€19,087 | +61.1% |
| Stocks | 30/36 | €31,246 | €50,333 | +€19,087 | +61.1% |
| Amounts receivable within one year | 40/41 | €52,716 | €49,939 | -€2,776 | -5.3% |
| Trade receivables | 40 | €49,284 | €13,394 | -€35,890 | -72.8% |
| Other amounts receivable | 41 | €3,432 | €36,546 | +€33,114 | +965% |
| Cash at bank and in hand | 54/58 | €179,455 | €94,585 | -€84,870 | -47.3% |
| Deferred charges and accrued income | 490/1 | €3,886 | €6,895 | +€3,009 | +77.4% |
| Total equity and liabilities | 10/49 | €1,410,329 | €1,087,670 | -€322,659 | -22.9% |
| Equity | 10/15 | €522,203 | €553,153 | +€30,951 | +5.9% |
| Contributions | 10/11 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Reserves | 13 | €272,203 | €453,153 | +€180,951 | +66.5% |
| Distributable reserves | 133 | €272,203 | €453,153 | +€180,951 | +66.5% |
| Amounts payable | 17/49 | €888,126 | €534,517 | -€353,610 | -39.8% |
| Amounts payable after more than one year | 17 | €419,520 | €290,364 | -€129,156 | -30.8% |
| Financial debts | 170/4 | €419,520 | €290,364 | -€129,156 | -30.8% |
| Amounts payable within one year | 42/48 | €468,607 | €244,153 | -€224,454 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €122,958 | €129,156 | +€6,198 | +5.0% |
| Trade debts | 44 | €198,556 | €72,599 | -€125,957 | -63.4% |
| Suppliers | 440/4 | €198,556 | €72,599 | -€125,957 | -63.4% |
| Taxes, remuneration and social security | 45 | €147,092 | €42,397 | -€104,695 | -71.2% |
| Taxes | 450/3 | €147,092 | €42,397 | -€104,695 | -71.2% |
| Remuneration, social security and pensions | 62 | €391,559 | €420,147 | +€28,589 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277,282 | €284,427 | +€7,145 | +2.6% |
| Other operating charges | 640/8 | €684 | €1,245 | +€561 | +81.9% |
| Gross operating margin | 9900 | €1,105,514 | €999,567 | -€105,947 | -9.6% |
| Operating profit (loss) | 9901 | €435,989 | €293,748 | -€142,241 | -32.6% |
| Financial income | 75/76B | €922 | €255 | -€667 | -72.3% |
| Recurring financial income | 75 | €922 | €255 | -€667 | -72.3% |
| Financial charges | 65/66B | €42,497 | €31,439 | -€11,058 | -26.0% |
| Recurring financial charges | 65 | €42,497 | €31,439 | -€11,058 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €394,414 | €262,565 | -€131,849 | -33.4% |
| Income taxes | 67/77 | €122,212 | €81,614 | -€40,598 | -33.2% |
| Profit (loss) for the period | 9904 | €272,203 | €180,951 | -€91,252 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €272,203 | €180,951 | -€91,252 | -33.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.