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.
DE WITTE
Largest movements
- Cash +€16,140
up €16,140 (+42.1%), from €38,338 to €54,478
mainly Trade debts (+€27,204) and Receivables after one year (+€15,745)
- Receivables after one year -€15,745
down €15,745 (-24.7%), from €63,737 to €47,992
- Tangible fixed assets -€8,165
down €8,165 (-31.6%), from €25,847 to €17,682
of which Furniture and vehicles: -€6,089
- Receivables within one year +€4,191
up €4,191 (+2.1%), from €203,291 to €207,483
of which Trade receivables: +€25,058
- Short-term financial debts -€40,000
down €40,000 (-33.3%), from €120,000 to €80,000
- Trade debts +€27,204
up €27,204 (+90.7%), from €30,000 to €57,204
- Reserves +€11,714
up €11,714 (+8.6%), from €136,327 to €148,040
of which Distributable reserves: +€11,714
- Gross operating margin -€38,912
down €38,912 (-51.6%), from €75,382 to €36,470
- Staff costs -€22,542
down €22,542 (-94.2%), from €23,942 to €1,400
- Financial charges -€4,396
down €4,396 (-42.5%), from €10,341 to €5,945
- Taxes -€3,278
down €3,278 (-45.9%), from €7,144 to €3,867
- Other operating charges +€1,832
up €1,832 (+43.6%), from €4,198 to €6,030
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 | €353,172 | €349,594 | -€3,579 | -1.0% |
| Fixed assets | 21/28 | €26,305 | €18,140 | -€8,165 | -31.0% |
| Tangible fixed assets | 22/27 | €25,847 | €17,682 | -€8,165 | -31.6% |
| Land and buildings | 22 | €14,903 | €12,827 | -€2,076 | -13.9% |
| Furniture and vehicles | 24 | €10,944 | €4,855 | -€6,089 | -55.6% |
| Financial fixed assets | 28 | €459 | €459 | = | 0.0% |
| Current assets | 29/58 | €326,867 | €331,453 | +€4,586 | +1.4% |
| Amounts receivable after more than one year | 29 | €63,737 | €47,992 | -€15,745 | -24.7% |
| Other amounts receivable | 291 | €63,737 | €47,992 | -€15,745 | -24.7% |
| Stocks and contracts in progress | 3 | €21,501 | €21,501 | = | 0.0% |
| Stocks | 30/36 | €21,501 | €21,501 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €203,291 | €207,483 | +€4,191 | +2.1% |
| Trade receivables | 40 | €59,052 | €84,110 | +€25,058 | +42.4% |
| Other amounts receivable | 41 | €144,239 | €123,373 | -€20,867 | -14.5% |
| Cash at bank and in hand | 54/58 | €38,338 | €54,478 | +€16,140 | +42.1% |
| Total equity and liabilities | 10/49 | €353,172 | €349,594 | -€3,579 | -1.0% |
| Equity | 10/15 | €198,327 | €210,040 | +€11,714 | +5.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €136,327 | €148,040 | +€11,714 | +8.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,659 | €1,659 | = | 0.0% |
| Distributable reserves | 133 | €128,468 | €140,182 | +€11,714 | +9.1% |
| Amounts payable | 17/49 | €154,846 | €139,553 | -€15,292 | -9.9% |
| Amounts payable within one year | 42/48 | €154,846 | €139,553 | -€15,292 | -9.9% |
| Financial debts | 43 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Credit institutions | 430/8 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Trade debts | 44 | €30,000 | €57,204 | +€27,204 | +90.7% |
| Suppliers | 440/4 | €30,000 | €57,204 | +€27,204 | +90.7% |
| Taxes, remuneration and social security | 45 | €4,846 | €2,349 | -€2,497 | -51.5% |
| Taxes | 450/3 | €3,582 | €2,349 | -€1,233 | -34.4% |
| Remuneration and social security | 454/9 | €1,264 | - | -€1,264 | |
| Non-recurring operating income | 76A | €155,082 | - | -€155,082 | |
| Remuneration, social security and pensions | 62 | €23,942 | €1,400 | -€22,542 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,372 | €8,165 | -€1,207 | -12.9% |
| Other operating charges | 640/8 | €4,198 | €6,030 | +€1,832 | +43.6% |
| Gross operating margin | 9900 | €75,382 | €36,470 | -€38,912 | -51.6% |
| Operating profit (loss) | 9901 | €37,869 | €20,875 | -€16,994 | -44.9% |
| Financial income | 75/76B | €230 | €650 | +€419 | +182% |
| Recurring financial income | 75 | €230 | €650 | +€419 | +182% |
| Financial charges | 65/66B | €10,341 | €5,945 | -€4,396 | -42.5% |
| Recurring financial charges | 65 | €10,341 | €5,945 | -€4,396 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €27,759 | €15,580 | -€12,179 | -43.9% |
| Income taxes | 67/77 | €7,144 | €3,867 | -€3,278 | -45.9% |
| Profit (loss) for the period | 9904 | €20,615 | €11,714 | -€8,901 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,615 | €11,714 | -€8,901 | -43.2% |
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 21 October 2026 via checked.be.