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.
DE WITTE
Largest movements
- Current investments -€166,111
down €166,111 (-12.3%), from €1.4m to €1.2m
- Tangible fixed assets -€164,549
down €164,549 (-3.9%), from €4.2m to €4.1m
of which Land and buildings: -€121,507
- Profit (loss) carried forward -€473,463
down €473,463 (-21.5%), from -€2.2m to -€2.7m
- Other debts +€129,496
up €129,496 (+7.0%), from €1.8m to €2.0m
- Financial charges -€72,797
down €72,797 (-23.5%), from €309,334 to €236,537
- Gross operating margin -€32,928
down €32,928, from €17,144 to -€15,784
- Depreciation -€22,234
down €22,234 (-9.7%), from €229,137 to €206,903
- Financial income +€10,334
up €10,334 (+21.2%), from €48,786 to €59,120
- Staff costs -€6,672
down €6,672 (-10.3%), from €64,749 to €58,077
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,124,405 | €6,785,344 | -€339,061 | -4.8% |
| Fixed assets | 21/28 | €4,244,022 | €4,079,473 | -€164,549 | -3.9% |
| Tangible fixed assets | 22/27 | €4,243,692 | €4,079,143 | -€164,549 | -3.9% |
| Land and buildings | 22 | €3,832,169 | €3,710,662 | -€121,507 | -3.2% |
| Plant, machinery and equipment | 23 | €180,452 | €188,406 | +€7,954 | +4.4% |
| Furniture and vehicles | 24 | €231,072 | €180,075 | -€50,997 | -22.1% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €2,880,382 | €2,705,871 | -€174,511 | -6.1% |
| Amounts receivable within one year | 40/41 | €1,363,304 | €1,359,085 | -€4,219 | -0.3% |
| Trade receivables | 40 | €475 | €475 | = | 0.0% |
| Other amounts receivable | 41 | €1,362,829 | €1,358,610 | -€4,219 | -0.3% |
| Current investments | 50/53 | €1,351,484 | €1,185,373 | -€166,111 | -12.3% |
| Cash at bank and in hand | 54/58 | €54,672 | €32,469 | -€22,203 | -40.6% |
| Deferred charges and accrued income | 490/1 | €110,922 | €128,944 | +€18,022 | +16.2% |
| Total equity and liabilities | 10/49 | €7,124,405 | €6,785,344 | -€339,061 | -4.8% |
| Equity | 10/15 | -€2,079,997 | -€2,553,459 | -€473,463 | -22.8% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €11,155 | €11,155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,155 | €11,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,202,704 | -€2,676,167 | -€473,463 | -21.5% |
| Amounts payable | 17/49 | €9,204,401 | €9,338,803 | +€134,402 | +1.5% |
| Amounts payable after more than one year | 17 | €4,321,458 | €4,321,458 | = | 0.0% |
| Financial debts | 170/4 | €4,321,458 | €4,321,458 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,873,327 | €4,998,429 | +€125,102 | +2.6% |
| Financial debts | 43 | €3,000,000 | €3,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €3,000,000 | €3,000,000 | = | 0.0% |
| Trade debts | 44 | €6,917 | €5,508 | -€1,409 | -20.4% |
| Suppliers | 440/4 | €6,917 | €5,508 | -€1,409 | -20.4% |
| Taxes, remuneration and social security | 45 | €16,646 | €13,661 | -€2,985 | -17.9% |
| Taxes | 450/3 | €1,349 | €223 | -€1,126 | -83.5% |
| Remuneration and social security | 454/9 | €15,297 | €13,438 | -€1,859 | -12.2% |
| Other amounts payable | 47/48 | €1,849,765 | €1,979,261 | +€129,496 | +7.0% |
| Accrued charges and deferred income | 492/3 | €9,616 | €18,916 | +€9,300 | +96.7% |
| Remuneration, social security and pensions | 62 | €64,749 | €58,077 | -€6,672 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,137 | €206,903 | -€22,234 | -9.7% |
| Other operating charges | 640/8 | €13,837 | €15,281 | +€1,444 | +10.4% |
| Gross operating margin | 9900 | €17,144 | -€15,784 | -€32,928 | |
| Operating profit (loss) | 9901 | -€290,580 | -€296,045 | -€5,465 | -1.9% |
| Financial income | 75/76B | €48,786 | €59,120 | +€10,334 | +21.2% |
| Recurring financial income | 75 | €48,786 | €59,120 | +€10,334 | +21.2% |
| Financial charges | 65/66B | €309,334 | €236,537 | -€72,797 | -23.5% |
| Recurring financial charges | 65 | €309,334 | €236,537 | -€72,797 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€551,128 | -€473,463 | +€77,665 | +14.1% |
| Profit (loss) for the period | 9904 | -€551,128 | -€473,463 | +€77,665 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€551,128 | -€473,463 | +€77,665 | +14.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.