DE VISSCHER - DE WOLF: what changed
DE VISSCHER - DE WOLF
Largest movements
- Cash +€15,615
up €15,615 (+168%), from €9,301 to €24,917
mainly Net result for the year (+€15,132) and Tax, wage and social debts (+€6,533)
- Stocks and contracts +€2,807
up €2,807 (+3.6%), from €78,847 to €81,653
- Tangible fixed assets -€1,944
down €1,944 (-18.8%), from €10,325 to €8,381
of which Other tangible fixed assets: -€1,384
- Reserves +€15,132
up €15,132 (+31.3%), from €48,389 to €63,520
- Debts after one year -€8,205
down €8,205 (-33.1%), from €24,787 to €16,582
- Tax, wage and social debts +€6,533
up €6,533 (+44.5%), from €14,665 to €21,199
of which Taxes: +€5,954
- Trade debts +€3,751
up €3,751 (+144%), from €2,610 to €6,361
- Gross operating margin -€7,877
down €7,877 (-22.7%), from €34,763 to €26,886
- Taxes +€730
up €730 (+11.0%), from €6,607 to €7,336
- Write-downs -€708
down €708 (-63.8%), from €1,109 to €401
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 | €102,381 | €119,679 | +€17,298 | +16.9% |
| Fixed assets | 21/28 | €10,395 | €8,451 | -€1,944 | -18.7% |
| Tangible fixed assets | 22/27 | €10,325 | €8,381 | -€1,944 | -18.8% |
| Plant, machinery and equipment | 23 | €1,341 | €782 | -€560 | -41.7% |
| Other tangible fixed assets | 26 | €8,984 | €7,599 | -€1,384 | -15.4% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €91,986 | €111,228 | +€19,243 | +20.9% |
| Stocks and contracts in progress | 3 | €78,847 | €81,653 | +€2,807 | +3.6% |
| Stocks | 30/36 | €78,847 | €81,653 | +€2,807 | +3.6% |
| Amounts receivable within one year | 40/41 | €1,103 | €1,899 | +€795 | +72.1% |
| Trade receivables | 40 | €1,103 | €1,758 | +€655 | +59.3% |
| Other amounts receivable | 41 | - | €141 | +€141 | |
| Cash at bank and in hand | 54/58 | €9,301 | €24,917 | +€15,615 | +168% |
| Deferred charges and accrued income | 490/1 | €2,734 | €2,760 | +€25 | +0.9% |
| Total equity and liabilities | 10/49 | €102,381 | €119,679 | +€17,298 | +16.9% |
| Equity | 10/15 | €54,741 | €69,872 | +€15,132 | +27.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,389 | €63,520 | +€15,132 | +31.3% |
| Distributable reserves | 133 | €48,389 | €63,520 | +€15,132 | +31.3% |
| Profit (loss) carried forward | 14 | €3,852 | €3,852 | = | 0.0% |
| Amounts payable | 17/49 | €47,640 | €49,807 | +€2,167 | +4.5% |
| Amounts payable after more than one year | 17 | €24,787 | €16,582 | -€8,205 | -33.1% |
| Financial debts | 170/4 | €24,787 | €16,582 | -€8,205 | -33.1% |
| Amounts payable within one year | 42/48 | €22,853 | €33,225 | +€10,372 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €4,091 | €4,144 | +€53 | +1.3% |
| Trade debts | 44 | €2,610 | €6,361 | +€3,751 | +144% |
| Suppliers | 440/4 | €2,610 | €6,361 | +€3,751 | +144% |
| Taxes, remuneration and social security | 45 | €14,665 | €21,199 | +€6,533 | +44.5% |
| Taxes | 450/3 | €14,665 | €20,619 | +€5,954 | +40.6% |
| Remuneration and social security | 454/9 | - | €579 | +€579 | |
| Other amounts payable | 47/48 | €1,486 | €1,521 | +€35 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,603 | €1,944 | +€341 | +21.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,109 | €401 | -€708 | -63.8% |
| Other operating charges | 640/8 | €309 | €532 | +€223 | +72.1% |
| Gross operating margin | 9900 | €34,763 | €26,886 | -€7,877 | -22.7% |
| Operating profit (loss) | 9901 | €31,742 | €24,009 | -€7,734 | -24.4% |
| Financial income | 75/76B | €65 | €0 | -€65 | -100% |
| Recurring financial income | 75 | €65 | €0 | -€65 | -100% |
| Financial charges | 65/66B | €1,381 | €1,541 | +€160 | +11.6% |
| Recurring financial charges | 65 | €1,381 | €1,541 | +€160 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €30,426 | €22,468 | -€7,958 | -26.2% |
| Income taxes | 67/77 | €6,607 | €7,336 | +€730 | +11.0% |
| Profit (loss) for the period | 9904 | €23,819 | €15,132 | -€8,688 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,819 | €15,132 | -€8,688 | -36.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.