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 42.110, Construction of roads and motorways
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€24,498
2024 · €54,326-€78,823
Equity
€2.9m
2024 · €2.9m-€24,498
Cash
€275,767
2024 · €204,616+€71,151
Balance sheet total
€11.8m
2024 · €11.8m+€19,774
Largest movements
Assets
- Receivables within one year +€407,982
up €407,982 (+14.0%), from €2.9m to €3.3m
of which Trade receivables: +€404,209
- Tangible fixed assets -€320,903
down €320,903 (-4.8%), from €6.7m to €6.3m
of which Other tangible fixed assets: -€170,978
- Deferred charges and accrued income -€131,211
down €131,211 (-29.9%), from €438,382 to €307,171
Equity and liabilities
- Short-term financial debts +€683,637
up €683,637 (+95.6%), from €715,408 to €1.4m
- Other debts -€216,904
down €216,904 (-58.2%), from €372,574 to €155,670
- Debts after one year -€214,766
down €214,766 (-5.8%), from €3.7m to €3.5m
- Trade debts -€185,972
down €185,972 (-5.9%), from €3.1m to €2.9m
Income statement
- Goods and materials -€287,019
down €287,019 (-3.7%), from €7.8m to €7.5m
of which Purchases: -€493,645
- Turnover -€214,758
down €214,758 (-1.5%), from €14.0m to €13.8m
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
€54,326
Turnover
-€214,758
Other operating income
-€12,546
Goods and materials
+€287,019
Services and other goods
+€42,044
Staff costs
-€76,558
Depreciation
+€61,523
Write-downs
-€61,276
Other operating charges
+€11,835
Other operating items
-€183,000
Financial income
+€12,593
Financial charges
+€33,508
Taxes
-€1,353
Deferred taxes and other
+€22,145
Result 2025
-€24,498
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
-€237,727
Investment
-€121,005
Financing
+€429,883
Cash 2024
€204,616
From operations (derived)
-€237,727
Net result for the year
-€24,498
Depreciation
+€467,764
Stocks and contracts
-€18,611
Receivables within one year
-€407,982
Deferred charges and accrued income
+€131,211
Provisions
-€9,684
Trade debts
-€185,972
Tax, wage and social debts
-€97,445
Advances received
+€84,238
Other debts
-€216,904
Accrued charges and deferred income
+€40,155
Investment (derived)
-€121,005
Investment in fixed assets (net)
-€121,005
Financing
+€429,883
Debts after one year
-€214,766
Current portion of long-term debt
-€38,988
Short-term financial debts
+€683,637
Cash 2025
€275,767
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,806,462 | €11,826,236 | +€19,774 | +0.2% |
| Fixed assets | 21/28 | €7,075,160 | €6,728,401 | -€346,759 | -4.9% |
| Intangible fixed assets | 21 | €26,171 | - | -€26,171 | |
| Tangible fixed assets | 22/27 | €6,666,976 | €6,346,073 | -€320,903 | -4.8% |
| Land and buildings | 22 | €2,698,348 | €2,679,046 | -€19,302 | -0.7% |
| Plant, machinery and equipment | 23 | €557,812 | €474,203 | -€83,609 | -15.0% |
| Furniture and vehicles | 24 | €56,478 | €62,210 | +€5,731 | +10.1% |
| Leasing and similar rights | 25 | €525,525 | €472,779 | -€52,746 | -10.0% |
| Other tangible fixed assets | 26 | €2,828,812 | €2,657,834 | -€170,978 | -6.0% |
| Financial fixed assets | 28 | €382,013 | €382,328 | +€315 | +0.1% |
| Other financial fixed assets | 284/8 | €382,013 | €382,328 | +€315 | +0.1% |
| Shares | 284 | €32,325 | €34,825 | +€2,500 | +7.7% |
| Amounts receivable and cash guarantees | 285/8 | €349,688 | €347,503 | -€2,185 | -0.6% |
| Current assets | 29/58 | €4,731,303 | €5,097,836 | +€366,533 | +7.7% |
| Stocks and contracts in progress | 3 | €1,164,267 | €1,182,878 | +€18,611 | +1.6% |
| Stocks | 30/36 | €1,164,267 | €1,182,878 | +€18,611 | +1.6% |
| Raw materials and consumables | 30/31 | €1,164,267 | €1,182,878 | +€18,611 | +1.6% |
| Amounts receivable within one year | 40/41 | €2,924,037 | €3,332,019 | +€407,982 | +14.0% |
| Trade receivables | 40 | €2,730,945 | €3,135,155 | +€404,209 | +14.8% |
| Other amounts receivable | 41 | €193,091 | €196,865 | +€3,773 | +2.0% |
| Cash at bank and in hand | 54/58 | €204,616 | €275,767 | +€71,151 | +34.8% |
| Deferred charges and accrued income | 490/1 | €438,382 | €307,171 | -€131,211 | -29.9% |
| Total equity and liabilities | 10/49 | €11,806,462 | €11,826,236 | +€19,774 | +0.2% |
| Equity | 10/15 | €2,922,717 | €2,898,219 | -€24,498 | -0.8% |
| Contributions | 10/11 | €199,157 | €199,157 | = | 0.0% |
| Revaluation surpluses | 12 | €1,232,058 | €1,232,058 | = | 0.0% |
| Reserves | 13 | €1,174,911 | €1,145,860 | -€29,051 | -2.5% |
| Non-distributable reserves | 130/1 | €28,880 | €28,880 | = | 0.0% |
| Other | 1319 | €28,880 | €28,880 | = | 0.0% |
| Tax-exempt reserves | 132 | €270,893 | €241,843 | -€29,051 | -10.7% |
| Distributable reserves | 133 | €875,138 | €875,138 | = | 0.0% |
| Profit (loss) carried forward | 14 | €316,590 | €321,143 | +€4,553 | +1.4% |
| Provisions and deferred taxes | 16 | €35,880 | €26,197 | -€9,684 | -27.0% |
| Deferred taxes | 168 | €35,880 | €26,197 | -€9,684 | -27.0% |
| Amounts payable | 17/49 | €8,847,865 | €8,901,821 | +€53,955 | +0.6% |
| Amounts payable after more than one year | 17 | €3,706,641 | €3,491,875 | -€214,766 | -5.8% |
| Financial debts | 170/4 | €3,706,641 | €3,491,875 | -€214,766 | -5.8% |
| Subordinated loans | 170 | €534,777 | €471,777 | -€63,000 | -11.8% |
| Leasing and similar obligations | 172 | €151,678 | €80,132 | -€71,546 | -47.2% |
| Credit institutions | 173 | €3,020,185 | €2,939,965 | -€80,220 | -2.7% |
| Amounts payable within one year | 42/48 | €5,047,060 | €5,275,627 | +€228,566 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €469,312 | €430,323 | -€38,988 | -8.3% |
| Financial debts | 43 | €715,408 | €1,399,046 | +€683,637 | +95.6% |
| Credit institutions | 430/8 | €715,408 | €1,399,046 | +€683,637 | +95.6% |
| Trade debts | 44 | €3,127,350 | €2,941,378 | -€185,972 | -5.9% |
| Suppliers | 440/4 | €3,127,350 | €2,941,378 | -€185,972 | -5.9% |
| Advances received on contracts in progress | 46 | - | €84,238 | +€84,238 | |
| Taxes, remuneration and social security | 45 | €362,417 | €264,972 | -€97,445 | -26.9% |
| Taxes | 450/3 | €95,996 | €34,494 | -€61,502 | -64.1% |
| Remuneration and social security | 454/9 | €266,421 | €230,478 | -€35,943 | -13.5% |
| Other amounts payable | 47/48 | €372,574 | €155,670 | -€216,904 | -58.2% |
| Accrued charges and deferred income | 492/3 | €94,165 | €134,320 | +€40,155 | +42.6% |
| Operating income | 70/76A | €14,725,898 | €14,315,594 | -€410,304 | -2.8% |
| Turnover | 70 | €13,972,289 | €13,757,530 | -€214,758 | -1.5% |
| Own construction capitalised | 72 | €51,000 | - | -€51,000 | |
| Other operating income | 74 | €570,610 | €558,064 | -€12,546 | -2.2% |
| Non-recurring operating income | 76A | €132,000 | - | -€132,000 | |
| Operating charges | 60/66A | €14,422,652 | €14,158,065 | -€264,587 | -1.8% |
| Goods for resale, raw materials and consumables | 60 | €7,818,167 | €7,531,148 | -€287,019 | -3.7% |
| Purchases | 600/8 | €8,043,404 | €7,549,759 | -€493,645 | -6.1% |
| Change in stocks: decrease (increase) | 609 | -€225,236 | -€18,611 | +€206,626 | +91.7% |
| Services and other goods | 61 | €4,050,652 | €4,008,608 | -€42,044 | -1.0% |
| Remuneration, social security and pensions | 62 | €1,928,962 | €2,005,520 | +€76,558 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €529,287 | €467,764 | -€61,523 | -11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,724 | €80,000 | +€61,276 | +327.3% |
| Other operating charges | 640/8 | €76,860 | €65,025 | -€11,835 | -15.4% |
| Operating profit (loss) | 9901 | €303,246 | €157,530 | -€145,716 | -48.1% |
| Financial income | 75/76B | €17,302 | €29,895 | +€12,593 | +72.8% |
| Recurring financial income | 75 | €17,302 | €29,895 | +€12,593 | +72.8% |
| Income from financial fixed assets | 750 | €6,504 | €7,112 | +€608 | +9.3% |
| Income from current assets | 751 | €9,319 | €139 | -€9,179 | -98.5% |
| Other financial income | 752/9 | €1,480 | €22,644 | +€21,165 | +1430.3% |
| Financial charges | 65/66B | €231,531 | €198,023 | -€33,508 | -14.5% |
| Recurring financial charges | 65 | €231,531 | €198,023 | -€33,508 | -14.5% |
| Debt charges | 650 | €169,508 | €138,797 | -€30,711 | -18.1% |
| Other financial charges | 652/9 | €62,023 | €59,226 | -€2,796 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €89,017 | -€10,599 | -€99,616 | |
| Transfer from deferred taxes | 780 | €7,538 | €9,684 | +€2,145 | +28.5% |
| Transfer to deferred taxes | 680 | €20,000 | - | -€20,000 | |
| Income taxes | 67/77 | €22,230 | €23,583 | +€1,353 | +6.1% |
| Taxes | 670/3 | €22,230 | €23,583 | +€1,353 | +6.1% |
| Profit (loss) for the period | 9904 | €54,326 | -€24,498 | -€78,823 | |
| Transfer from tax-exempt reserves | 789 | €22,615 | €29,051 | +€6,436 | +28.5% |
| Transfer to tax-exempt reserves | 689 | €60,000 | - | -€60,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,941 | €4,553 | -€12,388 | -73.1% |
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 30 September 2026 via checked.be.