De Wael Services: 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 Wael Services
Largest movements
- Receivables after one year +€30,000
up €30,000, from €0 to €30,000
of which Other amounts receivable: +€30,000
- Receivables within one year +€7,042
up €7,042 (+20.6%), from €34,217 to €41,260
of which Trade receivables: +€13,049
- Cash +€5,457
up €5,457 (+10.5%), from €51,744 to €57,201
mainly Other debts (+€64,202) and Net result for the year (+€44,953)
- Other debts +€64,202
up €64,202 (+587%), from €10,929 to €75,131
- Reserves -€25,047
down €25,047 (-45.0%), from €55,605 to €30,557
- Trade debts +€1,854
up €1,854 (+152%), from €1,220 to €3,073
- Gross operating margin +€19,714
up €19,714 (+47.8%), from €41,230 to €60,944
- Taxes +€3,816
up €3,816 (+38.9%), from €9,798 to €13,614
- Other operating charges +€932
up €932 (+105%), from €891 to €1,823
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 | €86,958 | €129,218 | +€42,260 | +48.6% |
| Fixed assets | 21/28 | €696 | €232 | -€464 | -66.6% |
| Tangible fixed assets | 22/27 | €696 | €232 | -€464 | -66.6% |
| Furniture and vehicles | 24 | €696 | €232 | -€464 | -66.6% |
| Current assets | 29/58 | €86,262 | €128,985 | +€42,724 | +49.5% |
| Amounts receivable after more than one year | 29 | €0 | €30,000 | +€30,000 | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €34,217 | €41,260 | +€7,042 | +20.6% |
| Trade receivables | 40 | €15,624 | €28,672 | +€13,049 | +83.5% |
| Other amounts receivable | 41 | €18,594 | €12,587 | -€6,006 | -32.3% |
| Cash at bank and in hand | 54/58 | €51,744 | €57,201 | +€5,457 | +10.5% |
| Deferred charges and accrued income | 490/1 | €300 | €525 | +€225 | +74.8% |
| Total equity and liabilities | 10/49 | €86,958 | €129,218 | +€42,260 | +48.6% |
| Equity | 10/15 | €60,605 | €35,557 | -€25,047 | -41.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €55,605 | €30,557 | -€25,047 | -45.0% |
| Distributable reserves | 133 | €55,605 | €30,557 | -€25,047 | -45.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,353 | €93,660 | +€67,307 | +255% |
| Amounts payable within one year | 42/48 | €26,353 | €93,660 | +€67,307 | +255% |
| Financial debts | 43 | €6,000 | €6,000 | = | 0.0% |
| Credit institutions | 430/8 | €0 | €6,000 | +€6,000 | |
| Other loans | 439 | €6,000 | €0 | -€6,000 | -100% |
| Trade debts | 44 | €1,220 | €3,073 | +€1,854 | +152% |
| Suppliers | 440/4 | €1,220 | €3,073 | +€1,854 | +152% |
| Taxes, remuneration and social security | 45 | €8,204 | €9,456 | +€1,252 | +15.3% |
| Taxes | 450/3 | €6,658 | €9,456 | +€2,798 | +42.0% |
| Remuneration and social security | 454/9 | €1,545 | €0 | -€1,545 | -100% |
| Other amounts payable | 47/48 | €10,929 | €75,131 | +€64,202 | +587% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €464 | €464 | +€0 | 0.0% |
| Other operating charges | 640/8 | €891 | €1,823 | +€932 | +105% |
| Gross operating margin | 9900 | €41,230 | €60,944 | +€19,714 | +47.8% |
| Operating profit (loss) | 9901 | €39,876 | €58,657 | +€18,782 | +47.1% |
| Financial income | 75/76B | €46 | €600 | +€555 | +1,210% |
| Recurring financial income | 75 | €46 | €600 | +€555 | +1,210% |
| Financial charges | 65/66B | €612 | €691 | +€79 | +12.8% |
| Recurring financial charges | 65 | €612 | €691 | +€79 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €39,310 | €58,567 | +€19,257 | +49.0% |
| Income taxes | 67/77 | €9,798 | €13,614 | +€3,816 | +38.9% |
| Profit (loss) for the period | 9904 | €29,511 | €44,953 | +€15,441 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,511 | €44,953 | +€15,441 | +52.3% |
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 24 October 2026 via checked.be.