DE WEEL: what changed
Two fiscal 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 WEEL
Largest movements
- Tangible fixed assets +€32,872
up €32,872 (+17.5%), from €188,331 to €221,203
of which Furniture and vehicles: +€68,845
- Cash +€6,193
up €6,193 (+53.4%), from €11,603 to €17,796
mainly Depreciation (+€49,313) and Debts after one year (+€47,833)
- Debts after one year +€47,833
new in 2025: €47,833
- Trade debts -€19,838
down €19,838 (-88.2%), from €22,505 to €2,666
- Current portion of long-term debt +€14,000
new in 2025: €14,000
- Other debts -€9,069
down €9,069 (-8.8%), from €102,821 to €93,752
- Reserves +€8,951
up €8,951 (+10.4%), from €86,132 to €95,083
- Depreciation +€9,095
up €9,095 (+22.6%), from €40,219 to €49,313
- Gross operating margin -€7,693
down €7,693 (-9.2%), from €83,359 to €75,666
- Other operating charges -€7,400
down €7,400 (-34.3%), from €21,544 to €14,144
- Taxes -€1,891
down €1,891 (-53.8%), from €3,514 to €1,623
- Financial charges +€1,247
up €1,247 (+322.2%), from €387 to €1,634
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.
Cash bridge derived
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 | €220,168 | €260,848 | +€40,680 | +18.5% |
| Fixed assets | 21/28 | €195,113 | €227,985 | +€32,872 | +16.8% |
| Tangible fixed assets | 22/27 | €188,331 | €221,203 | +€32,872 | +17.5% |
| Land and buildings | 22 | €77,199 | €65,917 | -€11,282 | -14.6% |
| Plant, machinery and equipment | 23 | €106,023 | €81,333 | -€24,690 | -23.3% |
| Furniture and vehicles | 24 | €5,109 | €73,954 | +€68,845 | +1347.4% |
| Financial fixed assets | 28 | €6,782 | €6,782 | = | 0.0% |
| Current assets | 29/58 | €25,055 | €32,863 | +€7,808 | +31.2% |
| Amounts receivable within one year | 40/41 | €13,453 | €15,067 | +€1,614 | +12.0% |
| Trade receivables | 40 | €11,356 | €12,990 | +€1,635 | +14.4% |
| Other amounts receivable | 41 | €2,097 | €2,077 | -€20 | -1.0% |
| Cash at bank and in hand | 54/58 | €11,603 | €17,796 | +€6,193 | +53.4% |
| Total equity and liabilities | 10/49 | €220,168 | €260,848 | +€40,680 | +18.5% |
| Equity | 10/15 | €91,136 | €100,087 | +€8,951 | +9.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €86,132 | €95,083 | +€8,951 | +10.4% |
| Distributable reserves | 133 | €86,132 | €95,083 | +€8,951 | +10.4% |
| Profit (loss) carried forward | 14 | €4 | €4 | = | 0.0% |
| Amounts payable | 17/49 | €129,032 | €160,761 | +€31,728 | +24.6% |
| Amounts payable after more than one year | 17 | - | €47,833 | +€47,833 | |
| Financial debts | 170/4 | - | €47,833 | +€47,833 | |
| Amounts payable within one year | 42/48 | €129,032 | €112,927 | -€16,105 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | - | €14,000 | +€14,000 | |
| Trade debts | 44 | €22,505 | €2,666 | -€19,838 | -88.2% |
| Suppliers | 440/4 | €22,505 | €2,666 | -€19,838 | -88.2% |
| Taxes, remuneration and social security | 45 | €3,707 | €2,509 | -€1,198 | -32.3% |
| Taxes | 450/3 | €3,707 | €2,509 | -€1,198 | -32.3% |
| Other amounts payable | 47/48 | €102,821 | €93,752 | -€9,069 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,219 | €49,313 | +€9,095 | +22.6% |
| Other operating charges | 640/8 | €21,544 | €14,144 | -€7,400 | -34.3% |
| Gross operating margin | 9900 | €83,359 | €75,666 | -€7,693 | -9.2% |
| Operating profit (loss) | 9901 | €21,596 | €12,208 | -€9,388 | -43.5% |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.6% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.6% |
| Financial charges | 65/66B | €387 | €1,634 | +€1,247 | +322.2% |
| Recurring financial charges | 65 | €387 | €1,634 | +€1,247 | +322.2% |
| Profit (loss) for the period before taxes | 9903 | €21,223 | €10,574 | -€10,649 | -50.2% |
| Income taxes | 67/77 | €3,514 | €1,623 | -€1,891 | -53.8% |
| Profit (loss) for the period | 9904 | €17,709 | €8,951 | -€8,758 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,709 | €8,951 | -€8,758 | -49.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.