DE WIJNCAEF: what changed
DE WIJNCAEF
Largest movements
- Cash +€62,245
up €62,245 (+24.5%), from €254,531 to €316,776
mainly Receivables within one year (+€43,424) and Net result for the year (+€27,133)
- Receivables within one year -€43,424
down €43,424 (-61.3%), from €70,828 to €27,403
of which Trade receivables: -€52,424
- Tangible fixed assets -€19,427
down €19,427 (-17.5%), from €110,815 to €91,388
of which Land and buildings: -€15,965
- Reserves +€27,133
up €27,133 (+9.2%), from €295,481 to €322,614
- Tax, wage and social debts -€22,263
down €22,263 (-51.8%), from €42,939 to €20,677
- Debts after one year -€8,031
down €8,031 (-20.9%), from €38,466 to €30,435
- Financial income -€30,532
down €30,532 (-99.5%), from €30,677 to €144
of which Non-recurring financial income: -€30,637
- Gross operating margin -€17,837
down €17,837 (-18.4%), from €96,908 to €79,071
- Taxes -€14,546
down €14,546 (-51.5%), from €28,267 to €13,721
- Other operating charges -€2,644
down €2,644 (-33.2%), from €7,962 to €5,318
- Write-downs -€998
no longer reported in 2025 (was €998)
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 | €458,394 | €457,915 | -€480 | -0.1% |
| Fixed assets | 21/28 | €110,815 | €91,388 | -€19,427 | -17.5% |
| Tangible fixed assets | 22/27 | €110,815 | €91,388 | -€19,427 | -17.5% |
| Land and buildings | 22 | €89,712 | €73,747 | -€15,965 | -17.8% |
| Plant, machinery and equipment | 23 | €15,731 | €13,561 | -€2,170 | -13.8% |
| Furniture and vehicles | 24 | €5,372 | €4,080 | -€1,292 | -24.0% |
| Current assets | 29/58 | €347,579 | €366,527 | +€18,947 | +5.5% |
| Stocks and contracts in progress | 3 | €17,645 | €21,563 | +€3,918 | +22.2% |
| Stocks | 30/36 | €17,645 | €21,563 | +€3,918 | +22.2% |
| Amounts receivable within one year | 40/41 | €70,828 | €27,403 | -€43,424 | -61.3% |
| Trade receivables | 40 | €70,828 | €18,404 | -€52,424 | -74.0% |
| Other amounts receivable | 41 | - | €9,000 | +€9,000 | |
| Cash at bank and in hand | 54/58 | €254,531 | €316,776 | +€62,245 | +24.5% |
| Deferred charges and accrued income | 490/1 | €4,576 | €785 | -€3,791 | -82.8% |
| Total equity and liabilities | 10/49 | €458,394 | €457,915 | -€480 | -0.1% |
| Equity | 10/15 | €302,191 | €329,324 | +€27,133 | +9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €295,481 | €322,614 | +€27,133 | +9.2% |
| Distributable reserves | 133 | €295,481 | €322,614 | +€27,133 | +9.2% |
| Profit (loss) carried forward | 14 | €510 | €510 | = | 0.0% |
| Amounts payable | 17/49 | €156,203 | €128,590 | -€27,613 | -17.7% |
| Amounts payable after more than one year | 17 | €38,466 | €30,435 | -€8,031 | -20.9% |
| Financial debts | 170/4 | €38,466 | €30,435 | -€8,031 | -20.9% |
| Amounts payable within one year | 42/48 | €117,737 | €98,156 | -€19,582 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €7,919 | €8,031 | +€112 | +1.4% |
| Trade debts | 44 | €2,561 | €1,250 | -€1,311 | -51.2% |
| Suppliers | 440/4 | €2,561 | €1,250 | -€1,311 | -51.2% |
| Taxes, remuneration and social security | 45 | €42,939 | €20,677 | -€22,263 | -51.8% |
| Taxes | 450/3 | €42,939 | €20,677 | -€22,263 | -51.8% |
| Other amounts payable | 47/48 | €64,318 | €68,197 | +€3,879 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,482 | €25,717 | -€765 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €998 | - | -€998 | |
| Other operating charges | 640/8 | €7,962 | €5,318 | -€2,644 | -33.2% |
| Gross operating margin | 9900 | €96,908 | €79,071 | -€17,837 | -18.4% |
| Operating profit (loss) | 9901 | €61,467 | €48,037 | -€13,430 | -21.8% |
| Financial income | 75/76B | €30,677 | €144 | -€30,532 | -99.5% |
| Recurring financial income | 75 | €39 | €144 | +€105 | +266% |
| Non-recurring financial income | 76B | €30,637 | - | -€30,637 | |
| Financial charges | 65/66B | €7,164 | €7,327 | +€162 | +2.3% |
| Recurring financial charges | 65 | €7,164 | €7,327 | +€162 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €84,979 | €40,854 | -€44,125 | -51.9% |
| Income taxes | 67/77 | €28,267 | €13,721 | -€14,546 | -51.5% |
| Profit (loss) for the period | 9904 | €56,712 | €27,133 | -€29,579 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,712 | €27,133 | -€29,579 | -52.2% |
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 2 November 2026 via checked.be.