DE WIT-MAEYAERT: 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 WIT-MAEYAERT
Largest movements
- Tangible fixed assets -€194,517
down €194,517 (-35.3%), from €550,941 to €356,424
of which Land and buildings: -€209,240
- Cash -€116,022
down €116,022 (-38.3%), from €303,161 to €187,139
mainly Provisions (-€351,514) and Other debts (-€13,272)
- Receivables within one year -€14,101
down €14,101 (-9.2%), from €153,965 to €139,864
of which Trade receivables: -€31,343
- Provisions -€351,514
no longer reported in 2025 (was €351,514)
- Reserves +€48,920
up €48,920 (+34.6%), from €141,520 to €190,440
of which Distributable reserves: +€48,920
- Other debts -€13,272
down €13,272 (-49.7%), from €26,696 to €13,424
- Gross operating margin +€119,802
up €119,802 (+75.7%), from €158,227 to €278,028
- Financial charges +€82,719
up €82,719 (+289%), from €28,616 to €111,335
- Other operating charges +€9,963
up €9,963 (+118%), from €8,467 to €18,430
- Taxes +€8,896
up €8,896 (+79.5%), from €11,193 to €20,089
- Depreciation -€4,944
down €4,944 (-5.9%), from €84,198 to €79,254
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 | €1,008,067 | €683,427 | -€324,640 | -32.2% |
| Fixed assets | 21/28 | €550,941 | €356,424 | -€194,517 | -35.3% |
| Tangible fixed assets | 22/27 | €550,941 | €356,424 | -€194,517 | -35.3% |
| Land and buildings | 22 | €535,254 | €326,014 | -€209,240 | -39.1% |
| Plant, machinery and equipment | 23 | - | €2,326 | +€2,326 | |
| Furniture and vehicles | 24 | €15,687 | €28,084 | +€12,397 | +79.0% |
| Current assets | 29/58 | €457,126 | €327,003 | -€130,123 | -28.5% |
| Amounts receivable within one year | 40/41 | €153,965 | €139,864 | -€14,101 | -9.2% |
| Trade receivables | 40 | €153,965 | €122,621 | -€31,343 | -20.4% |
| Other amounts receivable | 41 | - | €17,242 | +€17,242 | |
| Cash at bank and in hand | 54/58 | €303,161 | €187,139 | -€116,022 | -38.3% |
| Total equity and liabilities | 10/49 | €1,008,067 | €683,427 | -€324,640 | -32.2% |
| Equity | 10/15 | €593,854 | €641,108 | +€47,254 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,520 | €190,440 | +€48,920 | +34.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €139,660 | €188,580 | +€48,920 | +35.0% |
| Profit (loss) carried forward | 14 | €446,133 | €444,467 | -€1,666 | -0.4% |
| Provisions and deferred taxes | 16 | €351,514 | - | -€351,514 | |
| Provisions for liabilities and charges | 160/5 | €351,514 | - | -€351,514 | |
| Other liabilities and charges | 164/5 | €351,514 | - | -€351,514 | |
| Amounts payable | 17/49 | €62,700 | €42,319 | -€20,380 | -32.5% |
| Amounts payable within one year | 42/48 | €62,700 | €42,319 | -€20,380 | -32.5% |
| Trade debts | 44 | €5,690 | €6,117 | +€428 | +7.5% |
| Suppliers | 440/4 | €5,690 | €6,117 | +€428 | +7.5% |
| Taxes, remuneration and social security | 45 | €30,315 | €22,779 | -€7,536 | -24.9% |
| Taxes | 450/3 | €30,315 | €22,779 | -€7,536 | -24.9% |
| Other amounts payable | 47/48 | €26,696 | €13,424 | -€13,272 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,198 | €79,254 | -€4,944 | -5.9% |
| Other operating charges | 640/8 | €8,467 | €18,430 | +€9,963 | +118% |
| Gross operating margin | 9900 | €158,227 | €278,028 | +€119,802 | +75.7% |
| Operating profit (loss) | 9901 | €65,562 | €180,344 | +€114,782 | +175% |
| Financial income | 75/76B | €85 | €0 | -€85 | -100.0% |
| Recurring financial income | 75 | €85 | €0 | -€85 | -100.0% |
| Financial charges | 65/66B | €28,616 | €111,335 | +€82,719 | +289% |
| Recurring financial charges | 65 | €28,616 | €111,335 | +€82,719 | +289% |
| Profit (loss) for the period before taxes | 9903 | €37,031 | €69,009 | +€31,978 | +86.4% |
| Income taxes | 67/77 | €11,193 | €20,089 | +€8,896 | +79.5% |
| Profit (loss) for the period | 9904 | €25,838 | €48,920 | +€23,081 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,838 | €48,920 | +€23,081 | +89.3% |
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 24 October 2026 via checked.be.