De Wilbak: 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 Wilbak
Largest movements
- Tangible fixed assets -€150,337
down €150,337 (-13.7%), from €1.1m to €949,623
of which Other tangible fixed assets: -€144,319
- Cash +€80,604
up €80,604 (+47.8%), from €168,785 to €249,389
mainly Other debts (+€629,015) and Depreciation (+€157,037)
- Debts after one year -€659,344
no longer reported in 2025 (was €659,344)
- Other debts +€629,015
up €629,015 (+203%), from €310,000 to €939,015
- Current portion of long-term debt -€138,857
down €138,857 (-94.6%), from €146,801 to €7,944
- Tax, wage and social debts +€47,416
up €47,416 (+490%), from €9,675 to €57,091
of which Remuneration and social security: +€40,440
- Trade debts +€23,350
up €23,350 (+14.0%), from €167,353 to €190,703
- Gross operating margin -€409,427
down €409,427 (-36.3%), from €1.1m to €719,655
- Staff costs -€357,949
down €357,949 (-41.1%), from €870,830 to €512,882
- Depreciation -€59,635
down €59,635 (-27.5%), from €216,672 to €157,037
- Financial charges -€35,112
down €35,112 (-55.4%), from €63,334 to €28,222
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 | €1,346,827 | €1,266,796 | -€80,031 | -5.9% |
| Fixed assets | 21/28 | €1,123,968 | €966,931 | -€157,037 | -14.0% |
| Intangible fixed assets | 21 | €24,008 | €17,308 | -€6,700 | -27.9% |
| Tangible fixed assets | 22/27 | €1,099,960 | €949,623 | -€150,337 | -13.7% |
| Furniture and vehicles | 24 | €21,565 | €15,547 | -€6,018 | -27.9% |
| Other tangible fixed assets | 26 | €1,078,395 | €934,076 | -€144,319 | -13.4% |
| Current assets | 29/58 | €222,859 | €299,865 | +€77,006 | +34.6% |
| Stocks and contracts in progress | 3 | €22,591 | €23,735 | +€1,144 | +5.1% |
| Stocks | 30/36 | €22,591 | €23,735 | +€1,144 | +5.1% |
| Amounts receivable within one year | 40/41 | €24,555 | €17,912 | -€6,643 | -27.1% |
| Trade receivables | 40 | €1,191 | €2,126 | +€934 | +78.4% |
| Other amounts receivable | 41 | €23,364 | €15,786 | -€7,578 | -32.4% |
| Cash at bank and in hand | 54/58 | €168,785 | €249,389 | +€80,604 | +47.8% |
| Deferred charges and accrued income | 490/1 | €6,927 | €8,829 | +€1,902 | +27.5% |
| Total equity and liabilities | 10/49 | €1,346,827 | €1,266,796 | -€80,031 | -5.9% |
| Equity | 10/15 | €53,655 | €72,042 | +€18,388 | +34.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,345 | -€2,958 | +€18,388 | +86.1% |
| Amounts payable | 17/49 | €1,293,172 | €1,194,754 | -€98,419 | -7.6% |
| Amounts payable after more than one year | 17 | €659,344 | - | -€659,344 | |
| Financial debts | 170/4 | €659,344 | - | -€659,344 | |
| Amounts payable within one year | 42/48 | €633,828 | €1,194,754 | +€560,925 | +88.5% |
| Current portion of amounts payable after more than one year | 42 | €146,801 | €7,944 | -€138,857 | -94.6% |
| Trade debts | 44 | €167,353 | €190,703 | +€23,350 | +14.0% |
| Suppliers | 440/4 | €167,353 | €190,703 | +€23,350 | +14.0% |
| Taxes, remuneration and social security | 45 | €9,675 | €57,091 | +€47,416 | +490% |
| Taxes | 450/3 | - | €6,977 | +€6,977 | |
| Remuneration and social security | 454/9 | €9,675 | €50,114 | +€40,440 | +418% |
| Other amounts payable | 47/48 | €310,000 | €939,015 | +€629,015 | +203% |
| Remuneration, social security and pensions | 62 | €870,830 | €512,882 | -€357,949 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,672 | €157,037 | -€59,635 | -27.5% |
| Other operating charges | 640/8 | €1,413 | €2,652 | +€1,240 | +87.8% |
| Gross operating margin | 9900 | €1,129,082 | €719,655 | -€409,427 | -36.3% |
| Operating profit (loss) | 9901 | €40,167 | €47,084 | +€6,917 | +17.2% |
| Financial income | 75/76B | €1,822 | €1,398 | -€423 | -23.2% |
| Recurring financial income | 75 | €1,822 | €1,137 | -€685 | -37.6% |
| Non-recurring financial income | 76B | - | €262 | +€262 | |
| Financial charges | 65/66B | €63,334 | €28,222 | -€35,112 | -55.4% |
| Recurring financial charges | 65 | €63,334 | €28,222 | -€35,112 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,345 | €20,260 | +€41,605 | |
| Income taxes | 67/77 | - | €1,873 | +€1,873 | |
| Profit (loss) for the period | 9904 | -€21,345 | €18,388 | +€39,733 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,345 | €18,388 | +€39,733 |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.