DE WACHTER: 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 WACHTER
Largest movements
- Tangible fixed assets -€3,382
down €3,382 (-28.0%), from €12,086 to €8,704
of which Furniture and vehicles: -€1,900
- Deferred charges and accrued income -€2,067
down €2,067 (-85.2%), from €2,426 to €359
- Other debts -€19,651
down €19,651 (-6.4%), from €306,139 to €286,488
- Profit (loss) carried forward +€14,253
up €14,253 (+3.1%), from -€457,171 to -€442,919
- Trade debts -€1,941
down €1,941 (-12.3%), from €15,723 to €13,781
- Write-downs -€490,121
down €490,121, from €245,061 to -€245,061
- Other operating charges +€246,523
up €246,523 (+35,074%), from €703 to €247,226
- Gross operating margin +€485
up €485 (+2.2%), from €22,542 to €23,027
- Depreciation -€292
down €292 (-7.9%), from €3,674 to €3,382
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 | €179,681 | €173,777 | -€5,904 | -3.3% |
| Fixed assets | 21/28 | €12,486 | €9,104 | -€3,382 | -27.1% |
| Tangible fixed assets | 22/27 | €12,086 | €8,704 | -€3,382 | -28.0% |
| Furniture and vehicles | 24 | €5,700 | €3,800 | -€1,900 | -33.3% |
| Other tangible fixed assets | 26 | €6,386 | €4,904 | -€1,482 | -23.2% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €167,195 | €164,673 | -€2,522 | -1.5% |
| Amounts receivable within one year | 40/41 | €163,748 | €162,330 | -€1,418 | -0.9% |
| Trade receivables | 40 | €18,810 | €8,218 | -€10,592 | -56.3% |
| Other amounts receivable | 41 | €144,937 | €154,111 | +€9,174 | +6.3% |
| Cash at bank and in hand | 54/58 | €1,022 | €1,984 | +€962 | +94.2% |
| Deferred charges and accrued income | 490/1 | €2,426 | €359 | -€2,067 | -85.2% |
| Total equity and liabilities | 10/49 | €179,681 | €173,777 | -€5,904 | -3.3% |
| Equity | 10/15 | -€154,209 | -€139,957 | +€14,253 | +9.2% |
| Contributions | 10/11 | €162,500 | €162,500 | = | 0.0% |
| Capital | 10 | €162,500 | €162,500 | = | 0.0% |
| Issued capital | 100 | €162,500 | €162,500 | = | 0.0% |
| Reserves | 13 | €140,462 | €140,462 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,171 | €15,171 | = | 0.0% |
| Legal reserve | 130 | €15,171 | €15,171 | = | 0.0% |
| Distributable reserves | 133 | €125,291 | €125,291 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€457,171 | -€442,919 | +€14,253 | +3.1% |
| Amounts payable | 17/49 | €333,890 | €313,734 | -€20,156 | -6.0% |
| Amounts payable within one year | 42/48 | €331,601 | €310,085 | -€21,516 | -6.5% |
| Trade debts | 44 | €15,723 | €13,781 | -€1,941 | -12.3% |
| Suppliers | 440/4 | €15,723 | €13,781 | -€1,941 | -12.3% |
| Taxes, remuneration and social security | 45 | €9,739 | €9,815 | +€76 | +0.8% |
| Taxes | 450/3 | €9,739 | €9,815 | +€76 | +0.8% |
| Other amounts payable | 47/48 | €306,139 | €286,488 | -€19,651 | -6.4% |
| Accrued charges and deferred income | 492/3 | €2,289 | €3,648 | +€1,360 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,674 | €3,382 | -€292 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €245,061 | -€245,061 | -€490,121 | |
| Other operating charges | 640/8 | €703 | €247,226 | +€246,523 | +35,074% |
| Gross operating margin | 9900 | €22,542 | €23,027 | +€485 | +2.2% |
| Operating profit (loss) | 9901 | -€226,895 | €17,481 | +€244,375 | |
| Financial income | 75/76B | €2,614 | €2,813 | +€199 | +7.6% |
| Recurring financial income | 75 | €2,614 | €2,813 | +€199 | +7.6% |
| Financial charges | 65/66B | €5,762 | €5,846 | +€84 | +1.5% |
| Recurring financial charges | 65 | €5,762 | €5,846 | +€84 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€230,043 | €14,448 | +€244,491 | |
| Income taxes | 67/77 | €187 | €195 | +€8 | +4.5% |
| Profit (loss) for the period | 9904 | -€230,230 | €14,253 | +€244,482 | |
| Profit (loss) for the period to be appropriated | 9905 | -€230,230 | €14,253 | +€244,482 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.