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
- Receivables within one year +€33,188
up €33,188 (+442%), from €7,503 to €40,691
- Tangible fixed assets -€31,052
down €31,052 (-5.7%), from €546,342 to €515,290
- Cash -€6,678
down €6,678 (-7.6%), from €87,776 to €81,097
mainly Receivables within one year (-€33,188) and Debts (-€22,398)
- Debts -€22,398
down €22,398 (-5.5%), from €403,600 to €381,202
of which Debts after one year: -€23,204
- Profit (loss) carried forward +€22,356
up €22,356, from -€7,575 to €14,782
- Gross operating margin +€19,256
up €19,256 (+23.5%), from €81,839 to €101,096
- Taxes +€5,739
up €5,739 (+101%), from €5,671 to €11,410
From the 2011 result to the 2012 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 2011 and 2012 balance sheets and the 2012 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2011 | 2012 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €641,621 | €637,078 | -€4,543 | -0.7% |
| Fixed assets | 21/28 | €546,342 | €515,290 | -€31,052 | -5.7% |
| Tangible fixed assets | 22/27 | €546,342 | €515,290 | -€31,052 | -5.7% |
| Current assets | 29/58 | €95,279 | €121,788 | +€26,509 | +27.8% |
| Amounts receivable within one year | 40/41 | €7,503 | €40,691 | +€33,188 | +442% |
| Cash at bank and in hand | 54/58 | €87,776 | €81,097 | -€6,678 | -7.6% |
| Total equity and liabilities | 10/49 | €641,621 | €637,078 | -€4,543 | -0.7% |
| Equity | 10/15 | €131,984 | €151,192 | +€19,208 | +14.6% |
| Contributions | 10/11 | €28,485 | €28,485 | = | 0.0% |
| Reserves | 13 | €111,073 | €107,925 | -€3,148 | -2.8% |
| Profit (loss) carried forward | 14 | -€7,575 | €14,782 | +€22,356 | |
| Provisions and deferred taxes | 16 | €106,037 | €104,684 | -€1,352 | -1.3% |
| Amounts payable | 17/49 | €403,600 | €381,202 | -€22,398 | -5.5% |
| Amounts payable after more than one year | 17 | €361,852 | €338,648 | -€23,204 | -6.4% |
| Amounts payable within one year | 42/48 | €40,400 | €42,250 | +€1,850 | +4.6% |
| Trade debts | 44 | €10,835 | €4,901 | -€5,934 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,143 | €35,227 | +€84 | +0.2% |
| Gross operating margin | 9900 | €81,839 | €101,096 | +€19,256 | +23.5% |
| Operating profit (loss) | 9901 | €36,709 | €47,904 | +€11,195 | +30.5% |
| Recurring financial income | 75 | €843 | €1,284 | +€441 | +52.3% |
| Recurring financial charges | 65 | €22,188 | €19,922 | -€2,266 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €15,364 | €29,266 | +€13,901 | +90.5% |
| Income taxes | 67/77 | €5,671 | €11,410 | +€5,739 | +101% |
| Profit (loss) for the period | 9904 | €11,046 | €19,208 | +€8,162 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,108 | €23,270 | +€8,162 | +54.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2011 and 30 June 2012. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.