DE WITTE: 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.
What changed
DE WITTE
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.7m
2024 · €3.8m-€130,760
Equity
€14.5m
2024 · €13.9m+€668,017
Cash
€1.1m
2024 · €2.0m-€904,374
Balance sheet total
€16.8m
2024 · €16.6m+€198,492
Largest movements
Assets
- Current investments +€942,308
up €942,308 (+8.0%), from €11.7m to €12.7m
- Cash -€904,374
down €904,374 (-45.0%), from €2.0m to €1.1m
mainly Contributions, distributions and other (-€3.0m) and Current investments (-€942,308)
- Receivables within one year +€186,621
up €186,621 (+35.2%), from €529,729 to €716,349
of which Trade receivables: +€190,139
Equity and liabilities
- Reserves +€668,017
up €668,017 (+5.1%), from €13.2m to €13.8m
of which Distributable reserves: +€709,896
- Trade debts -€448,811
down €448,811 (-47.9%), from €936,631 to €487,819
Income statement
- Financial income -€169,027
down €169,027 (-23.2%), from €727,868 to €558,841
- Taxes -€97,083
down €97,083 (-7.5%), from €1.3m to €1.2m
- Staff costs +€61,874
up €61,874 (+7.9%), from €781,251 to €843,125
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.
Result 2024
€3.8m
Gross operating margin
-€39,701
Staff costs
-€61,874
Depreciation
+€44,148
Write-downs
-€11,878
Other operating charges
+€21,028
Other operating items
+€353
Financial income
-€169,027
Financial charges
-€14,092
Taxes
+€97,083
Deferred taxes and other
+€3,200
Result 2025
€3.7m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.1m
Investment
-€1.1m
Financing
-€3.0m
Cash 2024
€2.0m
From operations (derived)
+€3.1m
Net result for the year
+€3.7m
Depreciation
+€123,751
Receivables after one year
+€60,000
Stocks and contracts
-€62,894
Receivables within one year
-€186,621
Deferred charges and accrued income
+€15,931
Smaller working-capital items
-€3,205
Trade debts
-€448,811
Tax, wage and social debts
-€17,509
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€110,725
Current investments
-€942,308
Financing
-€3.0m
Contributions, distributions and other
-€3.0m
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,600,638 | €16,799,130 | +€198,492 | +1.2% |
| Fixed assets | 21/28 | €835,095 | €822,068 | -€13,027 | -1.6% |
| Intangible fixed assets | 21 | - | €20,505 | +€20,505 | |
| Tangible fixed assets | 22/27 | €833,471 | €800,076 | -€33,395 | -4.0% |
| Land and buildings | 22 | €529,856 | €494,842 | -€35,015 | -6.6% |
| Plant, machinery and equipment | 23 | €101,227 | €80,403 | -€20,825 | -20.6% |
| Furniture and vehicles | 24 | €202,388 | €224,832 | +€22,444 | +11.1% |
| Financial fixed assets | 28 | €1,624 | €1,487 | -€136 | -8.4% |
| Current assets | 29/58 | €15,765,543 | €15,977,061 | +€211,518 | +1.3% |
| Amounts receivable after more than one year | 29 | €420,000 | €360,000 | -€60,000 | -14.3% |
| Other amounts receivable | 291 | €420,000 | €360,000 | -€60,000 | -14.3% |
| Stocks and contracts in progress | 3 | €972,148 | €1,035,043 | +€62,894 | +6.5% |
| Stocks | 30/36 | €972,148 | €1,035,043 | +€62,894 | +6.5% |
| Amounts receivable within one year | 40/41 | €529,729 | €716,349 | +€186,621 | +35.2% |
| Trade receivables | 40 | €466,210 | €656,349 | +€190,139 | +40.8% |
| Other amounts receivable | 41 | €63,518 | €60,000 | -€3,518 | -5.5% |
| Current investments | 50/53 | €11,732,128 | €12,674,436 | +€942,308 | +8.0% |
| Cash at bank and in hand | 54/58 | €2,011,124 | €1,106,750 | -€904,374 | -45.0% |
| Deferred charges and accrued income | 490/1 | €100,414 | €84,482 | -€15,931 | -15.9% |
| Total equity and liabilities | 10/49 | €16,600,638 | €16,799,130 | +€198,492 | +1.2% |
| Equity | 10/15 | €13,877,994 | €14,546,011 | +€668,017 | +4.8% |
| Contributions | 10/11 | €684,130 | €684,130 | = | 0.0% |
| Capital | 10 | €684,130 | €684,130 | = | 0.0% |
| Issued capital | 100 | €684,130 | €684,130 | = | 0.0% |
| Revaluation surpluses | 12 | €33,665 | €33,665 | = | 0.0% |
| Reserves | 13 | €13,160,199 | €13,828,215 | +€668,017 | +5.1% |
| Non-distributable reserves | 130/1 | €87,242 | €87,242 | = | 0.0% |
| Legal reserve | 130 | €87,242 | €87,242 | = | 0.0% |
| Tax-exempt reserves | 132 | €112,281 | €70,402 | -€41,880 | -37.3% |
| Distributable reserves | 133 | €12,960,675 | €13,670,572 | +€709,896 | +5.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €913,200 | €910,000 | -€3,200 | -0.4% |
| Provisions for liabilities and charges | 160/5 | €910,000 | €910,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €200,000 | €200,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €710,000 | €710,000 | = | 0.0% |
| Deferred taxes | 168 | €3,200 | €0 | -€3,200 | -100% |
| Amounts payable | 17/49 | €1,809,444 | €1,343,119 | -€466,325 | -25.8% |
| Amounts payable within one year | 42/48 | €1,809,444 | €1,343,119 | -€466,325 | -25.8% |
| Trade debts | 44 | €936,631 | €487,819 | -€448,811 | -47.9% |
| Suppliers | 440/4 | €936,631 | €487,819 | -€448,811 | -47.9% |
| Advances received on contracts in progress | 46 | €20 | €0 | -€20 | -100% |
| Taxes, remuneration and social security | 45 | €328,194 | €310,685 | -€17,509 | -5.3% |
| Taxes | 450/3 | €274,659 | €256,289 | -€18,370 | -6.7% |
| Remuneration and social security | 454/9 | €53,535 | €54,396 | +€861 | +1.6% |
| Other amounts payable | 47/48 | €544,600 | €544,615 | +€15 | 0.0% |
| Non-recurring operating income | 76A | €385 | €0 | -€385 | -100% |
| Remuneration, social security and pensions | 62 | €781,251 | €843,125 | +€61,874 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,900 | €123,751 | -€44,148 | -26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,878 | €0 | +€11,878 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €79,931 | €58,903 | -€21,028 | -26.3% |
| Non-recurring operating charges | 66A | €353 | €0 | -€353 | -100% |
| Gross operating margin | 9900 | €5,398,631 | €5,358,930 | -€39,701 | -0.7% |
| Operating profit (loss) | 9901 | €4,381,074 | €4,333,150 | -€47,924 | -1.1% |
| Financial income | 75/76B | €727,868 | €558,841 | -€169,027 | -23.2% |
| Recurring financial income | 75 | €727,868 | €558,841 | -€169,027 | -23.2% |
| Financial charges | 65/66B | €10,287 | €24,379 | +€14,092 | +137% |
| Recurring financial charges | 65 | €10,287 | €24,379 | +€14,092 | +137% |
| Profit (loss) for the period before taxes | 9903 | €5,098,656 | €4,867,613 | -€231,043 | -4.5% |
| Transfer from deferred taxes | 780 | €0 | €3,200 | +€3,200 | |
| Income taxes | 67/77 | €1,299,879 | €1,202,796 | -€97,083 | -7.5% |
| Profit (loss) for the period | 9904 | €3,798,777 | €3,668,017 | -€130,760 | -3.4% |
| Transfer from tax-exempt reserves | 789 | €534,500 | €41,880 | -€492,620 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,333,277 | €3,709,896 | -€623,381 | -14.4% |
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 13 October 2026 via checked.be.