De Witte: 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.
What changed
De Witte
NACE 46.442, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.2m+€288,021
Equity
€4.4m
2024 · €2.9m+€1.5m
Cash
€1.6m
2024 · €495,975+€1.1m
Balance sheet total
€7.9m
2024 · €6.4m+€1.5m
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+220.2%), from €495,975 to €1.6m
mainly Net result for the year (+€1.5m) and Depreciation (+€89,201)
- Current investments +€500,000
up €500,000 (+62.5%), from €800,021 to €1.3m
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+59.4%), from €2.1m to €3.3m
- Reserves +€294,700
up €294,700 (+40.1%), from €734,828 to €1.0m
of which Tax-exempt reserves: +€294,700
Income statement
- Gross operating margin +€707,204
up €707,204 (+28.4%), from €2.5m to €3.2m
- Staff costs +€276,137
up €276,137 (+32.5%), from €848,526 to €1.1m
- Taxes +€84,018
up €84,018 (+18.9%), from €444,668 to €528,686
- Financial income -€54,033
down €54,033 (-12.8%), from €420,495 to €366,462
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
€1.2m
Gross operating margin
+€707,204
Staff costs
-€276,137
Depreciation
-€1,387
Other operating charges
+€2,723
Financial income
-€54,033
Financial charges
-€6,330
Taxes
-€84,018
Result 2025
€1.5m
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.
From operations
+€1.6m
Investment
-€553,583
Financing
-€0
Cash 2024
€495,975
From operations (derived)
+€1.6m
Net result for the year
+€1.5m
Depreciation
+€89,201
Stocks and contracts
-€4,572
Receivables within one year
+€31,775
Deferred charges and accrued income
+€5,424
Trade debts
+€13,477
Tax, wage and social debts
+€38,280
Other debts
-€67,298
Accrued charges and deferred income
+€1,758
Investment (derived)
-€553,583
Investment in fixed assets (net)
-€53,583
Current investments
-€500,000
Financing
-€0
Contributions, distributions and other
-€0
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,372,249 | €7,895,994 | +€1.5m | +23.9% |
| Fixed assets | 21/28 | €219,574 | €183,955 | -€35,619 | -16.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €217,464 | €181,845 | -€35,619 | -16.4% |
| Plant, machinery and equipment | 23 | €77,194 | €48,760 | -€28,434 | -36.8% |
| Furniture and vehicles | 24 | €140,270 | €133,085 | -€7,185 | -5.1% |
| Financial fixed assets | 28 | €2,110 | €2,110 | = | 0.0% |
| Current assets | 29/58 | €6,152,675 | €7,712,039 | +€1.6m | +25.3% |
| Stocks and contracts in progress | 3 | €3,492,774 | €3,497,346 | +€4,572 | +0.1% |
| Stocks | 30/36 | €3,492,774 | €3,497,346 | +€4,572 | +0.1% |
| Amounts receivable within one year | 40/41 | €1,314,844 | €1,283,069 | -€31,775 | -2.4% |
| Trade receivables | 40 | €1,271,245 | €1,175,880 | -€95,365 | -7.5% |
| Other amounts receivable | 41 | €43,599 | €107,189 | +€63,590 | +145.9% |
| Current investments | 50/53 | €800,021 | €1,300,021 | +€500,000 | +62.5% |
| Cash at bank and in hand | 54/58 | €495,975 | €1,587,966 | +€1.1m | +220.2% |
| Deferred charges and accrued income | 490/1 | €49,061 | €43,637 | -€5,424 | -11.1% |
| Total equity and liabilities | 10/49 | €6,372,249 | €7,895,994 | +€1.5m | +23.9% |
| Equity | 10/15 | €2,890,422 | €4,427,951 | +€1.5m | +53.2% |
| Contributions | 10/11 | €63,750 | €63,750 | = | 0.0% |
| Capital | 10 | €63,750 | €63,750 | = | 0.0% |
| Issued capital | 100 | €63,750 | €63,750 | = | 0.0% |
| Reserves | 13 | €734,828 | €1,029,528 | +€294,700 | +40.1% |
| Non-distributable reserves | 130/1 | €6,375 | €6,375 | = | 0.0% |
| Legal reserve | 130 | €6,375 | €6,375 | = | 0.0% |
| Tax-exempt reserves | 132 | €728,453 | €1,023,153 | +€294,700 | +40.5% |
| Profit (loss) carried forward | 14 | €2,091,844 | €3,334,673 | +€1.2m | +59.4% |
| Amounts payable | 17/49 | €3,481,827 | €3,468,044 | -€13,783 | -0.4% |
| Amounts payable within one year | 42/48 | €3,481,695 | €3,466,154 | -€15,541 | -0.4% |
| Trade debts | 44 | €465,138 | €478,615 | +€13,477 | +2.9% |
| Suppliers | 440/4 | €465,138 | €478,615 | +€13,477 | +2.9% |
| Taxes, remuneration and social security | 45 | €185,141 | €223,421 | +€38,280 | +20.7% |
| Taxes | 450/3 | €32,611 | €38,640 | +€6,029 | +18.5% |
| Remuneration and social security | 454/9 | €152,530 | €184,781 | +€32,251 | +21.1% |
| Other amounts payable | 47/48 | €2,831,416 | €2,764,118 | -€67,298 | -2.4% |
| Accrued charges and deferred income | 492/3 | €132 | €1,890 | +€1,758 | +1331.8% |
| Non-recurring operating income | 76A | €3,801 | €3,100 | -€701 | -18.4% |
| Remuneration, social security and pensions | 62 | €848,526 | €1,124,663 | +€276,137 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,814 | €89,201 | +€1,387 | +1.6% |
| Other operating charges | 640/8 | €8,109 | €5,386 | -€2,723 | -33.6% |
| Gross operating margin | 9900 | €2,486,245 | €3,193,449 | +€707,204 | +28.4% |
| Operating profit (loss) | 9901 | €1,541,796 | €1,974,199 | +€432,403 | +28.0% |
| Financial income | 75/76B | €420,495 | €366,462 | -€54,033 | -12.8% |
| Recurring financial income | 75 | €420,495 | €366,462 | -€54,033 | -12.8% |
| Financial charges | 65/66B | €268,115 | €274,445 | +€6,330 | +2.4% |
| Recurring financial charges | 65 | €268,115 | €274,445 | +€6,330 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €1,694,176 | €2,066,215 | +€372,039 | +22.0% |
| Income taxes | 67/77 | €444,668 | €528,686 | +€84,018 | +18.9% |
| Profit (loss) for the period | 9904 | €1,249,508 | €1,537,529 | +€288,021 | +23.1% |
| Transfer from tax-exempt reserves | 789 | - | €336,800 | +€336,800 | |
| Transfer to tax-exempt reserves | 689 | - | €631,500 | +€631,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,249,508 | €1,242,829 | -€6,679 | -0.5% |
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 5 October 2026 via checked.be.