DE WILDE: 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 WILDE
Largest movements
- Tangible fixed assets -€151,786
down €151,786 (-9.5%), from €1.6m to €1.5m
of which Plant, machinery and equipment: -€109,528
- Receivables within one year +€74,760
up €74,760 (+15.8%), from €473,311 to €548,071
of which Trade receivables: +€70,626
- Cash +€63,607
up €63,607 (+42.2%), from €150,631 to €214,238
mainly Depreciation (+€382,926) and Trade debts (+€325,046)
- Trade debts +€325,046
up €325,046 (+528.2%), from €61,534 to €386,580
- Debts after one year -€242,071
down €242,071 (-24.8%), from €977,640 to €735,569
- Provisions -€32,686
down €32,686 (-60.7%), from €53,816 to €21,130
- Current portion of long-term debt -€25,998
down €25,998 (-9.7%), from €268,069 to €242,071
- Depreciation +€77,318
up €77,318 (+25.3%), from €305,608 to €382,926
- Gross operating margin -€59,616
down €59,616 (-12.3%), from €484,776 to €425,160
- Taxes -€23,417
down €23,417 (-68.3%), from €34,283 to €10,866
- Staff costs -€11,335
down €11,335 (-20.0%), from €56,666 to €45,331
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 | €2,240,890 | €2,243,789 | +€2,899 | +0.1% |
| Fixed assets | 21/28 | €1,606,098 | €1,454,312 | -€151,786 | -9.5% |
| Tangible fixed assets | 22/27 | €1,606,098 | €1,454,312 | -€151,786 | -9.5% |
| Land and buildings | 22 | €411,570 | €406,189 | -€5,381 | -1.3% |
| Plant, machinery and equipment | 23 | €1,081,679 | €972,151 | -€109,528 | -10.1% |
| Leasing and similar rights | 25 | €112,849 | €75,972 | -€36,878 | -32.7% |
| Current assets | 29/58 | €634,792 | €789,477 | +€154,684 | +24.4% |
| Stocks and contracts in progress | 3 | €5,471 | €24,999 | +€19,527 | +356.9% |
| Stocks | 30/36 | €5,471 | €24,999 | +€19,527 | +356.9% |
| Amounts receivable within one year | 40/41 | €473,311 | €548,071 | +€74,760 | +15.8% |
| Trade receivables | 40 | €473,311 | €543,938 | +€70,626 | +14.9% |
| Other amounts receivable | 41 | - | €4,134 | +€4,134 | |
| Cash at bank and in hand | 54/58 | €150,631 | €214,238 | +€63,607 | +42.2% |
| Deferred charges and accrued income | 490/1 | €5,379 | €2,169 | -€3,210 | -59.7% |
| Total equity and liabilities | 10/49 | €2,240,890 | €2,243,789 | +€2,899 | +0.1% |
| Equity | 10/15 | €733,015 | €732,296 | -€719 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €714,415 | €713,696 | -€719 | -0.1% |
| Tax-exempt reserves | 132 | €133,096 | €63,391 | -€69,705 | -52.4% |
| Distributable reserves | 133 | €581,319 | €650,305 | +€68,986 | +11.9% |
| Provisions and deferred taxes | 16 | €53,816 | €21,130 | -€32,686 | -60.7% |
| Deferred taxes | 168 | €53,816 | €21,130 | -€32,686 | -60.7% |
| Amounts payable | 17/49 | €1,454,059 | €1,490,362 | +€36,304 | +2.5% |
| Amounts payable after more than one year | 17 | €977,640 | €735,569 | -€242,071 | -24.8% |
| Financial debts | 170/4 | €977,640 | €735,569 | -€242,071 | -24.8% |
| Amounts payable within one year | 42/48 | €476,419 | €754,793 | +€278,375 | +58.4% |
| Current portion of amounts payable after more than one year | 42 | €268,069 | €242,071 | -€25,998 | -9.7% |
| Trade debts | 44 | €61,534 | €386,580 | +€325,046 | +528.2% |
| Suppliers | 440/4 | €61,534 | €386,580 | +€325,046 | +528.2% |
| Taxes, remuneration and social security | 45 | €95,516 | €84,849 | -€10,667 | -11.2% |
| Taxes | 450/3 | €71,628 | €62,323 | -€9,305 | -13.0% |
| Remuneration and social security | 454/9 | €23,888 | €22,526 | -€1,362 | -5.7% |
| Other amounts payable | 47/48 | €51,300 | €41,293 | -€10,007 | -19.5% |
| Remuneration, social security and pensions | 62 | €56,666 | €45,331 | -€11,335 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,608 | €382,926 | +€77,318 | +25.3% |
| Other operating charges | 640/8 | €484 | €377 | -€107 | -22.1% |
| Non-recurring operating charges | 66A | €391 | - | -€391 | |
| Gross operating margin | 9900 | €484,776 | €425,160 | -€59,616 | -12.3% |
| Operating profit (loss) | 9901 | €121,627 | -€3,474 | -€125,101 | |
| Financial income | 75/76B | €0 | €346 | +€346 | +172995.0% |
| Recurring financial income | 75 | €0 | €346 | +€346 | +172995.0% |
| Financial charges | 65/66B | €15,854 | €19,411 | +€3,556 | +22.4% |
| Recurring financial charges | 65 | €15,854 | €19,411 | +€3,556 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €105,773 | -€22,539 | -€128,311 | |
| Transfer from deferred taxes | 780 | €18,703 | €32,686 | +€13,984 | +74.8% |
| Income taxes | 67/77 | €34,283 | €10,866 | -€23,417 | -68.3% |
| Profit (loss) for the period | 9904 | €90,192 | -€719 | -€90,911 | |
| Transfer from tax-exempt reserves | 789 | €38,963 | €69,705 | +€30,742 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €129,155 | €68,986 | -€60,168 | -46.6% |
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 2 October 2026 via checked.be.