DE WASCH STEFAN: 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 WASCH STEFAN
Largest movements
- Cash +€81,187
up €81,187 (+490%), from €16,565 to €97,752
mainly Net result for the year (+€65,485) and Receivables within one year (+€13,094)
- Receivables within one year -€13,094
down €13,094 (-26.0%), from €50,413 to €37,319
of which Trade receivables: -€10,260
- Profit (loss) carried forward +€65,485
up €65,485 (+158%), from €41,354 to €106,839
- Trade debts +€2,210
up €2,210 (+45.9%), from €4,819 to €7,029
- Gross operating margin +€48,139
up €48,139 (+118%), from €40,938 to €89,077
- Other operating charges +€12,793
up €12,793 (+720%), from €1,776 to €14,569
- Taxes -€6,302
no longer reported in 2025 (was €6,302)
- Financial charges +€1,158
up €1,158 (+43.4%), from €2,670 to €3,828
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 | €83,886 | €152,686 | +€68,800 | +82.0% |
| Fixed assets | 21/28 | €8,787 | €9,494 | +€707 | +8.1% |
| Tangible fixed assets | 22/27 | €5,747 | €6,454 | +€707 | +12.3% |
| Plant, machinery and equipment | 23 | - | €2,277 | +€2,277 | |
| Furniture and vehicles | 24 | €5,747 | €4,177 | -€1,570 | -27.3% |
| Financial fixed assets | 28 | €3,040 | €3,040 | = | 0.0% |
| Current assets | 29/58 | €75,099 | €143,192 | +€68,093 | +90.7% |
| Stocks and contracts in progress | 3 | €7,645 | €7,645 | -€0 | 0.0% |
| Stocks | 30/36 | €7,645 | €7,645 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €50,413 | €37,319 | -€13,094 | -26.0% |
| Trade receivables | 40 | €38,827 | €28,567 | -€10,260 | -26.4% |
| Other amounts receivable | 41 | €11,586 | €8,753 | -€2,833 | -24.5% |
| Current investments | 50/53 | €20 | €20 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,565 | €97,752 | +€81,187 | +490% |
| Deferred charges and accrued income | 490/1 | €456 | €456 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €83,886 | €152,686 | +€68,800 | +82.0% |
| Equity | 10/15 | €74,417 | €139,902 | +€65,485 | +88.0% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €2,063 | €2,063 | -€0 | 0.0% |
| Distributable reserves | 133 | €2,063 | €2,063 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €41,354 | €106,839 | +€65,485 | +158% |
| Amounts payable | 17/49 | €9,469 | €12,784 | +€3,315 | +35.0% |
| Amounts payable within one year | 42/48 | €9,469 | €12,784 | +€3,315 | +35.0% |
| Trade debts | 44 | €4,819 | €7,029 | +€2,210 | +45.9% |
| Suppliers | 440/4 | €4,819 | €7,029 | +€2,210 | +45.9% |
| Taxes, remuneration and social security | 45 | - | €1,105 | +€1,105 | |
| Remuneration and social security | 454/9 | - | €1,105 | +€1,105 | |
| Other amounts payable | 47/48 | €4,650 | €4,650 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €3,070 | €3,625 | +€555 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,570 | €1,570 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,776 | €14,569 | +€12,793 | +720% |
| Non-recurring operating charges | 66A | €51 | - | -€51 | |
| Gross operating margin | 9900 | €40,938 | €89,077 | +€48,139 | +118% |
| Operating profit (loss) | 9901 | €34,471 | €69,313 | +€34,842 | +101% |
| Financial charges | 65/66B | €2,670 | €3,828 | +€1,158 | +43.4% |
| Recurring financial charges | 65 | €2,670 | €3,828 | +€1,158 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €31,801 | €65,485 | +€33,684 | +106% |
| Income taxes | 67/77 | €6,302 | - | -€6,302 | |
| Profit (loss) for the period | 9904 | €25,499 | €65,485 | +€39,986 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €25,499 | €65,485 | +€39,986 | +157% |
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 21 October 2026 via checked.be.